The global polycaprolactone market size reached US$ 613.2 Million in 2023. Looking forward, the publisher expects the market to reach US$ 1.36 billion by 2032, exhibiting a growth rate (CAGR) of 9.27% during 2023-2032.
Polycaprolactone (PCL) is a fossil-based, biodegradable and semicrystalline polyester used for thermal processing and 3-Dimensional bioprinting. It is commonly available in the form of pellets, nanospheres and microspheres, which are non-toxic in nature and breaks down into organic components upon exposed to heat, moisture and microorganisms. It is produced using ring-opening polymerization and polycondensation of carboxylic acid methods and exhibit high solubility in organic solvents and low melting point. PCL is commonly used as an additive in resins and for manufacturing jewelry and models and prototypes of products, medical devices, automotive components and construction materials. It is also widely utilized for the production of coatings, adhesives, sealants and elastomers.
Additionally, various product innovations and the utilization of PCL in the construction industry as a noise insulation material for walls, roofs, doors and windows are acting as other growth-inducing factors. In line with this, the rising demand for environment-friendly and cost-effective materials for sealing and encapsulating pressure-sensitive microelectronic components is anticipated to drive the market toward growth.
2. What is the expected growth rate of the global polycaprolactone market during 2024-2032?
3. What are the key factors driving the global polycaprolactone market?
4. What has been the impact of COVID-19 on the global polycaprolactone market?
5. What is the breakup of the global polycaprolactone market based on the form?
6. What is the breakup of the global polycaprolactone market based on the production method?
7. What is the breakup of the global polycaprolactone market based on the application?
8. What are the key regions in the global polycaprolactone market?
9. Who are the key players/companies in the global polycaprolactone market?
Polycaprolactone (PCL) is a fossil-based, biodegradable and semicrystalline polyester used for thermal processing and 3-Dimensional bioprinting. It is commonly available in the form of pellets, nanospheres and microspheres, which are non-toxic in nature and breaks down into organic components upon exposed to heat, moisture and microorganisms. It is produced using ring-opening polymerization and polycondensation of carboxylic acid methods and exhibit high solubility in organic solvents and low melting point. PCL is commonly used as an additive in resins and for manufacturing jewelry and models and prototypes of products, medical devices, automotive components and construction materials. It is also widely utilized for the production of coatings, adhesives, sealants and elastomers.
Polycaprolactone Market Trends:
Significant growth in the medical industry across the globe is one of the key factors creating a positive outlook for the market. PCL is widely used for the manufacturing of medical-grade orthopedic, dental and surgical implants, drug delivery devices, wound dressing tapes, tissue engineering and regenerative medicine systems. Moreover, the widespread adoption of PCL in the formulation of thermoplastic polyurethane is providing a thrust to the market growth. It exhibits superior hydrophobic properties, resistance to oil, chemical and ultraviolet (UV) rays. It is also used as a polymeric plasticizer to polyvinyl chloride (PVC) to increase its elasticity.Additionally, various product innovations and the utilization of PCL in the construction industry as a noise insulation material for walls, roofs, doors and windows are acting as other growth-inducing factors. In line with this, the rising demand for environment-friendly and cost-effective materials for sealing and encapsulating pressure-sensitive microelectronic components is anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global polycaprolactone market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on form, production method and application.Breakup by Form:
- Pellets
- Nanosphere
- Microsphere
Breakup by Production Method:
- Ring Opening Polymerization
- Polycondesation of Carboxylic Acid
Breakup by Application:
- Coating and Thermoplastic Polyurethane
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry, Merck KGaA, Perstorp Holding AB, Polysciences Inc, Shenzhen Esun Industrial Co.Ltd and Shenzhen Polymtek Biomaterial Co. Ltd.Key Questions Answered in This Report
1. How big is the global polycaprolactone market?2. What is the expected growth rate of the global polycaprolactone market during 2024-2032?
3. What are the key factors driving the global polycaprolactone market?
4. What has been the impact of COVID-19 on the global polycaprolactone market?
5. What is the breakup of the global polycaprolactone market based on the form?
6. What is the breakup of the global polycaprolactone market based on the production method?
7. What is the breakup of the global polycaprolactone market based on the application?
8. What are the key regions in the global polycaprolactone market?
9. Who are the key players/companies in the global polycaprolactone market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Polycaprolactone Market
6 Market Breakup by Form
7 Market Breakup by Production Method
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Corbion N.V.
- Daicel Corporation
- Haihang Industry
- Merck KGaA
- Perstorp Holding AB
- Polysciences Inc
- Shenzhen Esun Industrial Co.Ltd
- Shenzhen Polymtek Biomaterial Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 613.2 Million |
| Forecasted Market Value ( USD | $ 1360 Million |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
