Polycaprolactone Market Research Report – Forecast till 2030

Polycaprolactone Market: Information by Form (Pellets, Nanosphere, Microsphere), Production Method (Ring Opening Polymerization, Polycondensation of Carboxylic Acid), Application (Thermoplastic Polyurethane, Healthcare), Region — Forecast till 2030

ID: MRFR/CnM/6072-HCR | January 2023 | Region: Global | 140 Pages         

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Polycaprolactone Market

Polycaprolactone Market was valued at USD 1 billion 2028 and is projected to register a CAGR of over 11.6% during the review period.

Segmentation
Form Pellets Nanosphere Microsphere
Production Method Ring Opening Polymerization Polycondensation of Carboxylic Acid
Application Thermoplastic Polyurethane Healthcare
Key Players
Companies Profiled   Perstorp Holding AB (Sweden)   Daicel Corporation (Japan)   Shenzhen Esun Industrial Co. Ltd (China)   Corbion (the Netherlands)   BASF SE (Germany)   Merck KGaA (Germany)   Polysciences Inc. (US)   Haihang Group (China)   Shenzhen Polymtek Biomaterial Co. Ltd   Durect Corporation (US)
Drivers
Market Driving Forces   Growing use of polycaprolactone in the healthcare sector
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Polycaprolactone Market overview


Polycaprolactone Market was valued at USD 370.42 billion 2018 and is projected to register a CAGR of over 10.00% during the review period. Polycaprolactone is biodegradable polyester, and it is produced by ring-opening polymerization of e-caprolactone and is one of the most frequent uses of polycaprolactone including the production of thermoplastic polyurethane, it is also used as an additive in the resin to boost its processing characteristics to magnify its end-user applications. Polycaprolactone is an environment-friendly element, that is biodegradable in nature, and is progressively adopted in the health care industries as a cost-effective product specifically in tissue engineering. The global polycaprolactone market is observing remarkable growth across the world and it is attributed to the fact that polycaprolactone is a biodegradable polymer, which is used in the manufacturing of thermoplastic polyurethane. As of 2020, the global market for polycaprolactone has not observed any challenging factor, however, an increase in demand for polycaprolactone polyps in similar applications may create challenges during the forecast period.


Segmentation


The polycaprolactone market has been segmented on the basis of form, production method, application, and region.


Based on form, the market has been segmented into pellets, nanosphere, and microsphere.


On the basis of production method, the market has been segmented into ring opening polymerization and polycondensation of carboxylic acid.


By application, the global market has been segmented into thermoplastic polyurethane, healthcare, and others.


Key Players


Some of the key players operating in the global polycaprolactone market are



  • Perstorp Holding AB (Sweden),

  • Daicel Corporation (Japan),

  • Shenzhen Esun Industrial Co., Ltd (China),

  • Corbion (the Netherlands),

  • BASF SE (Germany),

  • Merck KGaA (Germany),

  • Polysciences, Inc. (US),

  • Haihang Group (China),

  • Shenzhen Polymtek Biomaterial Co., Ltd (China)

  • Durect Corporation (US).


Market OverviewThe growth of the global polycaprolactone market is driven by the extensive use of polycaprolactone in the manufacturing of polyurethane and thermoplastic polyurethane. This is because it exhibits good oil, fuel, and solvent resistance as well as excellent flexibility and toughness. The growing use of thermoplastic polyurethane in major end-use industries such as automotive, construction, and packaging is one of the major factors influencing the growth of the global polycaprolactone market. The growth of the global market is also driven by the growing use of polycaprolactone in the healthcare sector for applications such as drug delivery, wound care management, sutures, wound dressing tape, tissue engineering, orthopedic, and dental implants. The biodegradable nature of the product, its non-toxicity, and biocompatibility are factors increasing their use in the sector. Furthermore, it is added as a polymeric plasticizer to polyvinyl chloride to increase its flexibility. It also can be used in re-moldable plastic on account of its low softening point. 


The extensive research and development on polycaprolactone blend to reduce the cost and improve biodegradability by mixing starch and other low-cost organic fillers is expected to create lucrative opportunities for manufacturers operating in the global market.


The manufacturers are focusing on strategic growth initiatives such as joint ventures, product development, and mergers & acquisitions. For instance, in May 2018, Perstorp AB, a global leading specialty chemicals company announced to form a joint venture named ElogioAM with 3D4Makers, a high-performance 3D printing filament producer, to develop new material solutions for the additive manufacturing industry. ElogioAM will offer the world’s first fifth-generation 3D filament, Facilan, which enables applications previously unobtainable in the medical, fashion, orthotics, and advanced prototyping. The Facilan portfolio also consists of Facilan PCL 100, which is a pure polycaprolactone filament that is being used by researchers in artificial muscles, drug-loaded implants, scaffolds, and smart materials.


However, the high cost of polycaprolactone and availability of low-cost substitutes are factors expected to hamper the global market growth during the forecast period.  


Global Polycaprolactone Market 2018, by Application (%)


Polycaprolactone Market


Source: MRFR Analysis


Regional Analysis


The global polycaprolactone market has been segmented into five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific accounted for a major market share in 2018, on account of the high use of thermoplastic polyurethane in major end-use industries such as automotive, construction, and packaging. The growth of the construction sector in the region is attributed to rapid urbanization and industrialization. Furthermore, the rising disposable income has increased the sale of automobiles in the region, which is expected to propel the demand for thermoplastic polyurethane, which and consequently boost the demand for polycaprolactone. The European and North American markets are expected to witness significant growth during the forecast period on account of the high demand for surgical equipment and biodegradable products. Increasing use of the product in modeling and splinting of prototyping systems and as feedstock is expected to boost the product demand in the coming years. Moreover, the use of polyurethane and thermoplastic polyurethane in the automotive and construction industries is projected to fuel the demand for the product in these regions.


Segmentation


The global polycaprolactone market has been segmented on the basis of form, production method, application, and region.


Based on form, the global market has been segmented into pellets, nanosphere, and microsphere.


On the basis of production method, the global market has been segmented into ring opening polymerization and polycondensation of carboxylic acid.


By application, the global market has been segmented into thermoplastic polyurethane, healthcare, and others.


Recent Development


A report about the polycaprolactone market provides an extensive qualitative and quantitative analysis of the current trends and future estimation of the world polycaprolactone market from 2018 to 2026 to discover the prevailing opportunities. The report culminations the ley drivers, opportunities, and resistance of the market along with the impact analyses during the forecast period. Coming up with the market scenarios in terms of growth rate, the industry-standard accuracy in analysis, and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global market for polycaprolactone to help players in achieving a strong market position. Consumers of the report can access verified and reliable market strong 


forecasts, as well as those for the overall size of the market regarding revenue.


Intended Audience



  • Polycaprolactone Manufacturers

  • Traders and Distributors of Polycaprolactone

  • Research and Development Institutes

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratories



Report Scope:

Report Attribute/Metric Details
  Market Size   2027: USD 370.42 Billion
  CAGR   CAGR 10.00% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Basis of form, production method, application, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Perstorp Holding AB (Sweden), Daicel Corporation (Japan), Shenzhen Esun Industrial Co., Ltd (China), Corbion (the Netherlands), BASF SE (Germany), Merck KGaA (Germany), Polysciences, Inc. (US), Haihang Group (China), Shenzhen Polymtek Biomaterial Co., Ltd (China), and Durect Corporation (US).
  Key Market Opportunities   Low-cost organic fillers is expected to create lucrative opportunities.
  Key Market Drivers   Growing use of polycaprolactone in the healthcare sector


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Frequently Asked Questions (FAQ) :

Polycaprolactone market had valued at USD 370.42 BN in 2018.

Global Polycaprolactone market is estimated to register 10% CAGR during the forecast period (2018-2023).

By form, the pellets segment and by applications, the thermoplastic polyurethane segment holds the leading share in the global Polycaprolactone market.

Asia Pacific holds the largest share in the global Polycaprolactone market, followed by North America and Europe, respectively.

Daicel Corporation (Japan), Perstorp Holding AB (Sweden), Shenzhen Esun Industrial Co., Ltd (China), BASF SE (Germany), Corbion (the Netherlands), Merck KGaA (Germany), Haihang Group (China), Polysciences, Inc. (US), Durect Corporation (US), and Shenzhen Polymtek Biomaterial Co., Ltd (China), are some of the major players operating in the Polycaprolactone market.