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POLYCAPROLACTONE MARKET ANALYSIS (2019-2027)

Polycaprolactone (PCL) is a biodegradable polymer which is used to produce thermoplastic polyurethane and find a range of application across painting, medical device, construction industry, automotive industry, and packaging industry.

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POLYCAPROLACTONE MARKET ANALYSIS (2019-2027)

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. POLYCAPROLACTONE MARKET ANALYSIS • Polycaprolactone Market, By Application (Thermoplastic polyurethane(TPU), Healthcare (Drug Delivery, Wound Care Management, Sutures, Wound Dressing Tapes, Tissue Engineering, Orthopedic, Dental Implant), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. PolycaprolactoneMarket 2017–2027 Polycaprolactone (PCL) is classified as biodegradable polyester that is easy to manufacture, blend, and manipulate. They are high performance polyester and possess improved hydrolytic stability. It is used as an additive for resins for improving their processing and their end-use property. It can be easily fabricated chemically, physically, and biologically and is non-toxic in nature. It is non-hazardous and find application across hot-melt glue and laminating pouches. It is also used for jewelry making, model making, and prototyping. It is highly resistant to oil, water, solvent, and chlorine. Polycaprolactone is also used in medical devices, making automotive components, construction materials, and packaging industry. The global polycaprolactone market is projected to reach around US$ 402.7 million by the end of 2027, in terms of revenue, growing at CAGR of 11.2% during the forecast period (2019-2027).

  4. Drivers Rising demand for polycaprolactone from medical applications is expected to augment the market growth of polycaprolactone. Polycaprolactone is widely used in the production of drug delivery devices, suture, injection-molded devices, general-purpose tubing and surgical drapes. Moreover, polycaprolactone is also gaining demand from dentistry application such as dental splints and root canal filling which is further expected to fuel the market growth of polycaprolactone. Growing application of PCL in 3-D printing technology as polycaprolactone filament is used in the printing technology is expected to fuel the market growth. Polycaprolactone filament can be easily extruded and offer accurate diameter (0.05mm to 3mm) as it has a stable melting point (600 C) and provide no bubble formation. All these factors are propelling the demand for polycaprolactone from 3-D printing technology, in turn propelling the market growth. On basis of the region, Europe region dominated the global polycaprolactone market in 2018, accounting for 36.2% share in terms of volume, followed by Asia Pacific and North America, respectively.

  5. Figure 1. Global Polycaprolactone Market, Revenue Share (%), By Region, 2018

  6. Market Restraints Lack of product awareness and its benefits are expected to hinder the market growth. Most of the manufacturers do not prefer polycaprolactone in medical devices because of its low load-bearing and a slow rate of degradation is also expected to hinder the market growth of polycaprolactone. As such potential users are using other low priced alternative products which is again hindering the market growth. The low adoption rate of polycaprolactone due to the high cost of production with a high price is expected to hinder the market growth of polycaprolactone over the forecast period. Moreover, strict rules and regulations against the usage of polycaprolactone products across a few industries are projected to hinder the market growth over the forecast period.

  7. Market Opportunities Rising application of polycaprolactone from the construction industry where it has wide application across residential and commercial places is expected to fuel the market growth. Polycaprolactone is widely used as noise insulation material in constructing the wall, roofs, doors, and windows. Therefore, the growing demand for polycaprolactone from the construction industry as insulation material will favor market growth over the forecast period. Increasing the application of polycaprolactone from the electronics industry will foster market growth over the forecast timeframe. The growing need for seal and encapsulate pressure-sensitive microelectronic components due to the need for resistance against extreme temperature in the electronic product is raising the demand for polycaprolactone. Moreover, rising transportation of industrial products, delicate glassware, and medical devices is further expected to fuel the market growth. 

  8. Figure 2. Global Polycaprolactone Market– Opportunity Analysis

  9. Market Trends The growing focus of developing new technologies for producing polycaprolactone among scientists is expected to gain major traction in the market and this is expected to fuel the market growth. For instance, in December 2019, Scientists from the University of Silesia in Katowice developed a method of synthesis that allows producing chemically pure polycaprolactone (PCL-u). This technology offer producer to obtain PCL with desired properties. Major players are highly involved in making their footprint in the polycaprolactone market is trend is expected to accelerate the market growth over the forecast period. For instance, in December 2018, Ingevity Corporation announced it has reached an agreement with Perstorp Holding AB to acquire the CapaTMcaprolactone division of Perstorp in a cash transaction valued at approximately US$ 641.6 million.

  10. Figure 3. Global Polycaprolactone Market, Revenue Share (%), By Application Type, in 2018 On the basis of application, in 2018, the thermoplastic polyurethane (TPU) has accounted the largest market share of 45.2% in terms of volume, followed by healthcare and others. Competitive Section Key players operating in global polycaprolactone market are Perstorp Holding A.B., BASF SE, Diacel Corporation, Sigma-Aldrich Corporation, Durect Corporation, CorbionPurec, ShenzenEsun Industries Co. Ltd., and Haihang Industries Co. Ltd.

  11. Request Sample Report • Request Customization • Download PDF brochure • Talk To Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/polycaprolactone-market-3553

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

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