The global polycaprolactone market was valued at $530.7 million in 2018, and is projected to reach $1,279.7 million by 2026, growing at a CAGR of 11.6% from 2019 to 2026.
Polycaprolactone is one of the first hydrophobic biodegradable polymers, which is crystalline in nature. It is highly biocompatible, exhibits enhanced toughness, and is cost-effective as compared to other bio-based polymers. Polycaprolactone degrades slower than other biodegradable polyester in physiological conditions, and thus finds its major application in the healthcare industry.
The global polycaprolactone market is in its nascent phase, and is anticipated to register significant growth during the forecast period. Thermoplastic polyurethane is the primary application area of polycaprolactone. Therefore, increase in polyurethane production globally in response to its diverse application scope is majorly contributing toward the growth of the market. Polyurethane is a polymer used as a raw material in mainstream end-use industries such as automotive, building and construction, packaging, and consumer goods. Thus, development of these industries is not only driving the demand for polyurethane but also for polycaprolactone. Furthermore, lower degradation of polycaprolactone has led to its use in the healthcare sector for wound care management, suture, drug delivery, tissue engineering, wound dressing tape, and orthopedics. Apart from these uses, polycaprolactone is developing other applications in the healthcare industry due to its biocompatibility, thereby boosting its demand across the globe. However, surge in demand for polyols family chemicals such as polycaprolactone polyol is expected to hamper the global market growth.
The global polycaprolactone market is segmented into form, production method, application, and region. On the basis of form, the market is divided into pellets, nano sphere, and microsphere. By production method, it is bifurcated into ring opening polymerization and polycondesation of carboxylic acid. Depending on application, it is classified into coating & thermoplastic polyurethane, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Players analyzed and profiled in the global polycaprolactone market are BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry Co., Ltd., Merck KGaA, Otto Chemie Pvt. Ltd., Perstorp Holding AB, Polysciences, Inc., Shenzhen eSUN Industrial Co., Ltd, and Shenzhen Polymtek Biomaterial Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Form
By Manufacturing Method
By Application
By Region
KEY MARKET PLAYERS
Polycaprolactone is one of the first hydrophobic biodegradable polymers, which is crystalline in nature. It is highly biocompatible, exhibits enhanced toughness, and is cost-effective as compared to other bio-based polymers. Polycaprolactone degrades slower than other biodegradable polyester in physiological conditions, and thus finds its major application in the healthcare industry.
The global polycaprolactone market is in its nascent phase, and is anticipated to register significant growth during the forecast period. Thermoplastic polyurethane is the primary application area of polycaprolactone. Therefore, increase in polyurethane production globally in response to its diverse application scope is majorly contributing toward the growth of the market. Polyurethane is a polymer used as a raw material in mainstream end-use industries such as automotive, building and construction, packaging, and consumer goods. Thus, development of these industries is not only driving the demand for polyurethane but also for polycaprolactone. Furthermore, lower degradation of polycaprolactone has led to its use in the healthcare sector for wound care management, suture, drug delivery, tissue engineering, wound dressing tape, and orthopedics. Apart from these uses, polycaprolactone is developing other applications in the healthcare industry due to its biocompatibility, thereby boosting its demand across the globe. However, surge in demand for polyols family chemicals such as polycaprolactone polyol is expected to hamper the global market growth.
The global polycaprolactone market is segmented into form, production method, application, and region. On the basis of form, the market is divided into pellets, nano sphere, and microsphere. By production method, it is bifurcated into ring opening polymerization and polycondesation of carboxylic acid. Depending on application, it is classified into coating & thermoplastic polyurethane, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Players analyzed and profiled in the global polycaprolactone market are BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry Co., Ltd., Merck KGaA, Otto Chemie Pvt. Ltd., Perstorp Holding AB, Polysciences, Inc., Shenzhen eSUN Industrial Co., Ltd, and Shenzhen Polymtek Biomaterial Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global Polycaprolactone market from 2018 to 2026 to determine the prevailing opportunities
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
- Estimations and forecasts are based on factors impacting the market growth, in terms of both value and volume
- Profiles of leading players operating in the market are provided to understand the global competitive scenario
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth
KEY MARKET SEGMENTS
By Form
- Pellets
- Nanosphere
- Microsphere
By Manufacturing Method
- Ring Opening Polymerization
- Polycondesation Of Carboxylic Acid
By Application
- Coating & Thermoplastic polyurethane (TPU)
- Healthcare
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- South Africa
- LAMEA
KEY MARKET PLAYERS
- BASF SE
- Corbion N.V.
- Daicel Corporation
- Haihang Industry Co., Ltd.
- Merck KGaA
- Otto Chemie Pvt. Ltd.
- Perstorp Holding AB
- Polysciences, Inc.
- Shenzhen eSUN Industrial Co., Ltd
- Shenzhen Polymtek Biomaterial Co., Ltd
Frequently Asked Questions about the Global Polycaprolactone Market
What is the estimated value of the Global Polycaprolactone Market?
What is the growth rate of the Global Polycaprolactone Market?
What is the forecasted size of the Global Polycaprolactone Market?
Who are the key companies in the Global Polycaprolactone Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 330 |
| Published | March 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 530.7 million |
| Forecasted Market Value ( USD | $ 1279.7 million |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLYCAPROLACTONE MARKET, BY FORM
CHAPTER 5: POLYCAPROLACTONE MARKET, BY PRODUCTION METHOD
CHAPTER 6: POLYCAPROLACTONE MARKET, BY APPLICATION
CHAPTER 7: POLYCAPROLACTONE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES:
Executive Summary
According to the report titled, 'Polycaprolactone Market by Form, Production Method, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global polycaprolactone market size was valued at $530.7 million in 2018, and is projected to reach $1,279.7 million by 2026, growing at a CAGR of 11.6% from 2019 to 2026.Polycaprolactone is a bio-based biodegradable polymer produced by ring-opening polymerization and polycondensation of carboxylic acid. It is produced by using fuel-based raw material due to which it degrades at a slower pace. Slower degradation developed its use in the healthcare sector specifically in the drug delivery system.
The global polycaprolactone market was valued at $530.7 million in 2018, and is projected to reach $1,279.7 million by 2026, growing at a CAGR of 11.6% from 2019 to 2026. The global polycaprolactone market is in its nascent phase, and is anticipated to grow significantly during the forecast period. This is attributed to its exp anding applications in various industries. For instance, coating & thermoplastic polyurethane and healthcare are the established applications of polycaprolactone. Moreover, the emergence of a concept such as osteoboatics is anticipated to provide new growth opportunities to this market during the forecast period. The term osteoboatics refers to the creation of temporary architectural structures which is made of polycaprolactone with the help of robotics.
The global market is witnessing a shift from synthetic to bio-based chemicals to achieve sustainable goals. More specifically, the biodegradable polymer types in bio-based chemicals possess properties that easily comply with environmental regulatory norms. As a result, biodegradable polymers are witnessing significant adoption without impacting the environment. As polycaprolactone is one of the types of biodegradable polymers, a growing preference for these polymers is complementing demand for polycaprolactone to some extent. However, rise in demand for polycaprolactone polyols in coatings application is anticipated to be a growth barrier to this market during the forecast period.
By form, the pellet emerged as the key revenue contributor in 2018. This is attributed to the fact that polycaprolactone in the form of pellet is preferred as a raw material to produce polyurethane.
By production method, the ring-opening polymerization is the most adopted production method over others and accounted for the largest polycaprolactone market share in 2018. No requirement of additional catalyst and zero waste generation are the key benefits, which made this production method beneficial for manufacturers.
Players analyzed and profiled in the global polycaprolactone market are BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry Co., Ltd., Merck KGaA, Otto Chemie Pvt. Ltd., Perstorp Holding AB, Polysciences, Inc., Shenzhen eSUN Industrial Co., Ltd, and Shenzhen Polymtek Biomaterial Co., Ltd.
According to Eswara Prasad, Manager,Chemical and Materials,,“Polycaprolactone is one of the initial biodegradable polymer available market. It is produced using only two paths including ring-opening polymerization and condensation of carboxylic acid. Therefore, polycaprolactone exclusively used in limited applications such as polyurethane and healthcare. On the contrary, the growing adoption of bio-based chemicals along with growing efforts to reduce dependence from synthetic chemicals anticipated to shape the growth trajectory of this market.”
KEY FINDINGS OF THE STUDY:
- Depending on the form, pellet emerged as the key revenue contributor with more than 50% market share in 2018.
- By production method, the ring-opening polymerization dominated the global market in 2018, and a similar trend is anticipated to be observed by the end of 2026
- Asia-Pacific is the largest regional market in the polycaprolactone market, whereas, Europe anticipated to register the fastest growth of 12.7% during the forecast period
- Due to growing consumer base, growing investment in sustainable material, increasing number of manufacturers; North America polycaprolactone market anticipated to register highest CAGR during the forecast period.
- Nanosphere is gaining significant popularity in some of the major healthcare applications such as tissue engineering and skin related applications, and is anticipated to exhibit highest CAGR during the forecast period.
Companies Mentioned
- BASF SE
- Corbion N.V.
- Daicel Corporation
- Haihang Industry Co. Ltd.
- Merck KGaA
- Otto Chemie Pvt. Ltd.
- Perstorp Holding AB
- Polysciences Inc.
- Shenzhen eSUN Industrial Co. Ltd
- Shenzhen Polymtek Biomaterial Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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