Polycaprolactone Market Overview
Introduction
The global Polycaprolactone market was valued at USD 620 million and 107 kilo tons and it is anticipated to reach USD 1,230.0 million and 185 kilo tons by the end of 2025, growing at a CAGR of 10.3% during the forecast period of 2019-2025.
Polycapolactone is biodegradable polyester which is produced by ring opening polymerization of e-caprolactone. One of the most common uses of polyucaprolactone includes production of thermoplastic polyurethane. It is used as an additive in the resin to improve their processing characteristics to enhance its end user applications. It is biodegradable in nature and is increasingly adopted in healthcare industry as a cost effective product specifically in tissue engineering.
Market Dynamics
The global polycaprolactone market is growing at rapid pace over the past few years and it is expected to registered promising growth during the forecast period of 2019-2026. Growing use of polycaprolactone in the thermoplastic polyurethane is the major factor driving the growth of the global polycaprolactone market. Biodegradable nature of polycaprolactone is itself promoting its use in the production of thermoplastic polyurethane production. Thermoplastic polyurethane is increasingly used in various end use industries including automotive, construction, healthcare, and packaging and consistently rising need of TPU in these industries is contributing in the overall polycaprolactone market growth.
Growing healthcare application of polycaprolactone is further impacting its demand across the various geographies. Polycaprolactone possess excellent biocompatibility, biodegradability, non-toxicity. It has low viscosity and is capable to melt with another compound among other. One of the variable reason that polycaprolactone is used in healthcare application is biocompatibility, biodegradability, non-toxicity associated with it. Growing medical uses of polycaprolactone is further driving the growth of global polycaprolactone market. On the other hand, increasing price of polycaprolactone is expected to restrain the overall market growth. Nevertheless, growth opportunities in the global polycaprolactone market are expected due to its increasing uses in osteobotics applications.
Segment Analysis
The global Polycaprolactone market is segmented based on form, production method, application and region. Based on form, the global Polycaprolactone market is segmented into pellets, nano sphere, microsphere. Nano sphere segment accounted for the largest market share due to its uses in wide range of application in the global polycaprolactone industry. Based on application, the global Polycaprolactone market is segmented into coating & thermoplastic polyurethane (TPU), healthcare sector, others. healthcare segmented further segmented into drug delivery system, suture, care & medical devices, orthopedic implants, tissue engineering, others. Based on production method, the global polycaprolactone market is segmented into ring opening polymerization and polycondensation of carboxylic acid.
Regional Analysis of Polycaprolactone Market
Based on region, global Polycaprolactone market segmented into North America, Europe, Asia-Pacific, and LAMEA.
The Asia Pacific polycaprolactone market dominates the global polycaprolactone market owing to the presence of huge chemical industries, developing industrialization and adoption of advanced techniques in production. There is a significant increase in the investment in biomedical industries which has provided support for the growth of the Asia-Pacific polycaprolactone market. China commands the major share in the Asia Pacific polycaprolactone market owing to the presence of huge chemical industries and favorable gove
ment policy. An economic indicator plays an important role in the market growth.
North America polycaprolactone market is expecting a steady growth during the forecasted period. The major driving factors for the market are the presence of leading companies, increasing demand for the cheaper alte
atives, and availability of investment. Technological advances in the healthcare sector and continuously ongoing research in this region will fuel the growth of the market. The U.S. holds the lion share of the America polycaprolactone market. The growth is majorly attributed due to well-developed technology and increasing demand for the polycaprolactone. Europe accounts for the one of the fastest growing regions. Well developed technology, increasing demand for the better materials, and availability of fund for research & development will drive the growth of the market.
Key players operating in Polycaprolactone Market
Major players analyzed and profiled in the global Polycaprolactones market include Perstorp Holding AB, Daicel Corporation, Corbion N.V., BASF SE, Durect Corporation, Polysciences Inc., Sigma-Aldrich Corporation., and Shenzhen Esun Industries
The global Polycaprolactone market segmented as below
Global Polycaprolactone Market by Form
Pellets
Nano Sphere
Microsphere
Global Polycaprolactone Market by Production Method
Ring Opening Polymerization
Polycondensation of Carboxylic Acid
Global Polycaprolactone Market by Application
Coating & Thermoplastic polyurethane (TPU)
Healthcare Sector
Drug Delivery System
Suture
Care & Medical Devices
Orthopedic Implants
Tissue Engineering
Others
Others
Global Polycaprolactone Market by Region
North America
Europe
Asia-Pacific
LAMEA
Key players in the Global Polycaprolactone Market
Perstorp Holding AB,
Daicel Corporation