Polycaprolactone Market Forecast by Key Players: Daicel, Esun, BASF SE, Durect Corporation, Sigma-Aldrich Corporation, Shenzhen Esun Industries and Corbion Purac
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Hydrophobicity, molecular weight distribution, and low viscosity are among the major properties driving Polycaprolactone (PCL) Market growth. Increased application of polycaprolactone and its copolymers in the production of thermoplastic polyurethane (TPU), polyurethane (PU) and polyols will drive the industry demand. Coatings, adhesive, sealants and elastomers supporting are major applications fueling industry growth.
Growing need for noise barriers in the highways and commercial industry will fuel the industry demand. Increasing demand for insulation of the boats from noise and extreme temperature will augment demand of polyurethane, that in turn is projected to impact global industry growth. Enhanced durability, insulation features, versatility and strength-to-weight ratios is further likely to propel product demand. Presence of substitutes at low costs and instability of raw material costs are likely to impact polycaprolactone market price trend.
Growing demand for polycaprolactone to seal and encapsulate pressure sensitive microelectronic components will stimulate the product penetration. However, slow degradation rate, low cell adhesion, and poor mechanical properties in tissue engineering may restrain the industry growth. Product as well as technology innovations focusing on environment-friendly and cost-effective solutions is another major factor anticipated to fuel industry growth. Tear and abrasion resistance offered by rigid polyurethane foams produced from PCL make it a preferable form of insulator driving the industry growth.
Based on application, the healthcare segment is expected to expand at the fastest CAGR during the forecast period. Growth of the segment is mainly driven by augmented adoption of polycaprolactone in manufacturing of drug delivery devices. Increasing demand of polyurethane derived from polycaprolactone owing to rising need for wound dressing, hospital bedding, injection-molded devices, general purpose tubing and surgical drapes will stimulate the market growth. Growing demand from dentistry application including dental splints and root canal filling will enhance segment growth.
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Top key players:
Global major industry players include Perstorp, Daicel, Esun, BASF SE, Durect Corporation, Sigma-Aldrich Corporation, Shenzhen Esun Industries and Corbion Purac. Polycaprolactone market share is moderately consolidated in the emerged regions such as North America owing to strong government support for developing and innovating biodegradable polymers for sustainable lifestyle. On contrary, in the developing regions the market is highly fragmented with dominance of various small companies specifically from Asia Pacific.
Market share calculation in this report is not done based on companies covered in it. The calculation of Polycaprolactone Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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