Caprolactam Market Growth & Forecast Analysis | 2022-2028

Matt Easterlin31 Mar, 2023Business

The caprolactam market was estimated at USD 12.51 billion in 2021 and is likely to grow at a CAGR of 5% during 2022-2028 to reach USD 17.73 billion in 2028. Caprolactam is an organic compound, which is used as an intermediate in nylon manufacture. It is a colorless solid and comes from the lactam of caproic acid. It is mildly toxic in nature and is used with fibers for various items. Caprolactam is used in different applications such as automotive, film & coating, electrical & electronics, consumer goods, appliances, wire & cable, textile, carpet, machinery, and many other industrial items.