The South Korean caprolactam market was equal to 264 thousand tons in 2015. The largest share of caprolactam consumption in the same year was for the production of polyamide fibres, which accounted for around 48.1% of the total in volume terms. Meanwhile, the chemical's application for pam resins (6+66) has been growing with the highest rate of about 3.05% per year. Until 2025, the South Korean market is forecast to reach 182 thousand tons, thus growing at a CAGR of about 1.25% per annum in the period 2020-2025. This is an increase, compared to the decline at a CAGR of around -10.95% per year, registered in 2015-2019.
The South Korean production of caprolactam is expected to stabilize at around 150 thousand tons in the medium term. Flat dynamics of the overall installed production capacities and their annual average utilization rates in the country are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing mixed dynamics in the medium term.
The market research report presents a strategic analysis of the market and a forecast for its development in the medium term. The research study covers the period 2015-2025 and provides a comprehensive overview of the market:
- Main participants;
- Imports and exports;
- Growth and demand drivers.
The report also focuses on product breakdown, offering a larger perspective on the market dynamics within the country. Additionally, you will find demographic and economic data about the region.
The report includes information on the following companies:
- Capro Corp.
The market research report has been prepared using Williams & Marshall Strategy’s methodology. It includes a blend of qualitative and quantitative data that comes from official sources. All research is then validated by insights gathered from semi-structured interviews with market experts. They are representatives of the main market participants – producers, distributors, wholesalers, and retailers.
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- Strategically assess the competitive position of the main market participants;
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