Coherent market Insights
Emergence of Covid-19 to Offer Lucrative Growth Opportunities for Players in the Global
caprolactam market
Caprolactam is a naturally occurring natural compound consisting of the formula (CH⁃₄COOH)
⁅CH⁃⁅N H2O. This green solid is actually a lactic acid of caproic acid from animal feces. The
active ingredient, capsaicin, is considered to be important in drug discovery due to its ability to
penetrate the blood-brain barrier and activate pain receptors in the body. The drug works by binding
to pain-causing receptor sites on cells, which then cause the release of neuropeptide Y (NPY).
Almost all caprolactam produced goes into the manufacture of Nylon 6.
Market Dynamics
Launch of nylon 6 products is expected to propel growth of the global caprolactam market. For
instance, in August 2020, Nylstar, a textile technology company based in Blanes, Spain, launched
yarn made from Invista recycled nylon 6,6 polymer with global recycled standard certification.
Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the global
caprolactam market. For instance, globally, as of 7:03pm CET, 25 November 2020, there have been
59,481,313 confirmed cases of COVID-19, including 1,404,542 deaths, reported to the World
Health Organization. The pandemic has led to increasing demand for personal protective gear made
from Nylon 6. In April 2020, Invista Kingston announced that the company’s Nylon 6,6 to be used
to make medical gowns.
Coherent market Insights
Moreover, initiatives to enhance caprolactam quality is also expected to aid in growth of the global
caprolactam market. For instance, in 2018, Gujarat State Fertilizers and Chemicals Ltd successfully
commissioned its Caprolactam Quality Improvement Project for improvement in quality of extract
Caprolactam made at Caprolactam-I Plant of GSFC.
Among regions, Europe is expected to witness sluggish growth in the caprolactam market, owing to
significant decline in the automotive sector. For instance, according