The global polycaprolactone market size is expected to reach of around US$ 1,120 Mn by 2027 and growing at a CAGR of around 12% in terms of revenue during the forecast period 2020 – 2027.
Polycaprolactone known as PCL refers to a semi-cristalline and fossil-based biodegradable polyester; the molecular formula is theoretically expressed as c6h10o2. The molecular weight of PCL and crystallinity is assumed to be inversely proportional to each other, meaning that the crystallinity reduces as the molecular weight increases. PCL is used to produce organic polyurethane, which is more environmentally friendly. This makes it capable of melting easily, with low viscosity and biodegradability, for example, non-toxicity.
The report provides analysis of global Polycaprolactone market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
There is significant development in the global polycaprolactone industry. It is because the polycaprolactone, which is used for the manufacturing of thermoplastic polyurethane, is a biodegradable polymer. Demand for polycaprolactone increases in the polyurethane use also contributes to the market growth. The growing use as a supplement to global polycaprolactone in healthcare and related applications further accelerate the industry. The global market did not see a threat by 2019, but growth in the demand for polycaprolactone polyols may face challenges over the forecast period for related applications. On the other hand, ideas like osteobotics are expected to emerge that will give this sector attractive growth prospects in the next five years. This is one of the recent developments in the polycaprolactone industry which may provide the industry with new growth dimensions in the near future.
Asia Pacific held significant market share in 2019 and projected to govern the market amid the projected time span owing to the heavy usage of heat-plastic polyurethane in major end-users, such as construction, automotive, and packaging industries. Construction industry development in the region is due to rapid urbanization and industrialisation. In addition, the increasing disposable income has augmented vehicle sales across the country, projected to fuel demand for thermoplastic polyurethane, thus boosting polycaprolactone production. Besides, due to a growing demand for surgical instruments and biodegradables, European and North American markets are anticipated to grow at a substantial CAGR amid the the forecast period. The drug is expected to expand its use in the design and division of prototyping systems and as feedstock in the next few years. In addition, in the automobile and construction industry, the use of polyurethane and thermoplastic polyurethane is expected to boost demand in those areas.
The market research study on “Polycaprolactone Market (Polycaprolactone Market By Form: Nanosphere, Pellets, Microsphere, Polycaprolactone Market By Method: Polycondesation of Carboxylic Acid, Ring Opening Polymerization: Polycaprolactone Market By Application: Healthcare, Coating & Thermoplastic polyurethane, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Polycaprolactone market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Polycaprolactone market size, and segment markets by form, method, application, and geography along with the information on companies operating in the market. The Polycaprolactone market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Polycaprolactone market is segmented as below:
Polycaprolactone Market By Form
Polycaprolactone Market By Method
Polycaprolactone Market By Application
Polycaprolactone Market By Geography
Middle East & Africa
Key Players and Market Situation
Participants include major global players such Daicel Corporation, Perstorp Holdings A.B., Corbion, Shenzen Esun, Shenzhen Polymtek Biomaterial, Merck KGaA, Durect Corporation, BASF SE, Haihang Industries Co. Ltd., and Others.
The market share of polycaprolactone in new regions such as North America is relatively stable thanks to good policy funding for creating and innovating sustainable living polymers. On the contrary, the market is highly fragmented in emerging regions, especially in Asia Pacific with the dominance of different small companies.
Polycaprolactone known as PCL refers to a semi-cristalline and fossil-based biodegradable polyester; the molecular formula is theoretically expressed as c6h10o2.
Increasing use in healthcare is a key driver of the market.
The increase in stipulate for polycaprolactone polyols in parallel applications.
The market value of polycaprolactone is anticipated to be around US$ 1,120 Mn in 2027.
The polycaprolactone market is anticipated to grow around 12% CAGR amid the forecast period 2020-2027.
Asia Pacific held maximum share in 2019.
North America is projected to grow at a fast pace during forecast period 2020-2027.