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Polycaprolactone Market

Shift towards Eco-friendly Polymers to Open Up Opportunities for Polycaprolactone Manufacturers, Opines Fact.MR

Published : 12 Nov 2021 Industry: Chemical & Materials

As per industry analysis on the polycaprolactones market by Fact.MR, total market value is anticipated to reach US$ 418 Mn by 2021-end, and expand at a healthy CAGR of 10% over the forecast period of 2021-2031.

Production of biodegradable polymers has gained enormous traction in the global chemicals industry over the last decade, and demand for polycaprolactone is no exception. The global polycaprolactone market was pegged at around US$ 380 Mn in 2020 on the back of shifting preference towards alternatives to conventional polymers, identifies Fact.MR, a market research and competitive intelligence provider.

A shift towards environmentally friendly polymers coupled with increasing demand from end-use applications such as thermoplastic polyurethane and healthcare is setting the stage for the expansion of the polycaprolactone market. Post-COVID-19 pandemic, demand for polycaprolactone is poised to experience substantial recovery with a strong growth rate.

Key Takeaways from Market Study

  • Over four-fifth of polycaprolactone supplied is utilized as pellets across the globe. Also, manufacturers are using the ring-opening polymerization manufacturing process for more than 85% of the production of polycaprolactone.
  • Manufacturers of polyurethane have been focusing on using eco-friendly raw materials such as polycaprolactone for the manufacturing of thermoplastic polyurethane (TPU), thereby reducing environmental footprint considerably. In terms of market share, TPU accounted for more than 2/5 sales of polycaprolactone.
  • Continuous emphasis on better healthcare infrastructure and investments in research & development of drugs are projected to create an absolute $ opportunity of more than US$ 350 Mn in healthcare applications from 2021 to 2031
  • Europe held more than 1/3 of overall demand share in the global market for polycaprolactone in 2020. However, supply-driven price decline, ease in supply chain disruptions, and ramped-up domestic production are anticipated to spur growth of South Asia and East Asia markets during the forecast period. 

“Emergence in healthcare industry driving demand for novel polycaprolactone,” says a Fact.MR analyst.

Winning Strategy

The global polycaprolactone market is anticipated to remain consolidated in nature, dominated by tier 1 players such as Perstorp Holding AB, BASF SE, Shenzen Esun Industrial Co. Ltd., Diacel Corporation, Corbin Purac, and Sigma-Aldrich Corporation.

Key players are focusing on the acquisition of smaller players and small-scale companies to make significant investments in R&D, introduce new products, and enhance their business footprints across the globe. Furthermore, the commercialization of new products and low-cost production of PCL will ensure product supply and market growth.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global polycaprolactones market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of form (pellets, nanosphere, microsphere), manufacturing process (ring-opening polymerization (ROP), polycondensation of carboxylic acid), by application (thermoplastic polyurethane, healthcare, drug delivery, wound care management, sutures, wound dressing tapes, tissue engineering, orthopedic, dental implant, others), and across key regions namely North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa.

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemicals and Materials

E-mail: yash@factmr.com

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Polycaprolactone Market Segmentation by Form (Polycaprolactone Pellets, Polycaprolactone Nanosphere, Polycaprolactone Microsphere), by Manufacturing Process (Ring-Opening Polymerization (ROP), Polycondensation of Carboxylic Acid) - Regional Forecast 2021-2031