Polycaprolactone Polyol Market Report Size and Industry Analysis by Perstrop Holdings A.B., BASF SE, Daicel Corporation, Sigma Aldrich, Shenzhen Esun Industrial Co., Ltd, Gantrade Corporation, Huntsman International LLC (U.S)

Latest Industry Highlights:

Leading chemical company BASF SE recently revealed its plans to buy Bayer’s vegetable seed unit. The supposed move will not only allow BASF to bolster its future seed platform but gain a superior position in the agriculture services and solution sector.

Reportedly, Allianz Asset Management GmbH bought more shares of Huntsman Co. The company reportedly bought an additional 863,236 shares, owing 1,298,724 shares in total.

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Key Findings:

The Global Polycaprolactone Polyol Market is projected to reach USD 791.4 million by 2023 with 11.28% CAGR during review period of 2016-2023. Asia-Pacific accounted for largest share due to growing end user industries in this region. Polycaprolactone Polyol Market is consolidated in the developed regions owing to strong government support for innovating and developing biodegradable polymers for sustainable lifestyle whereas, in the developing regions the market is fragmented with dominance of small manufacturer from the Asia-Pacific region.

Market Synopsis of Global Polycaprolactone Polyol:

The market for Global Polycaprolactone Polyol Market has been increasing tremendously, specifically in Asia Pacific Region growing at CAGR of 11.58% during the forecast period, owing to rise in the populations in this region resulting to increasing in demand for resins, footwear industry. Additionally, automotive industry growth typically follows the growth of these key end markets. The demand from Polycaprolactone Polyol based polyurethane resin is increasing day by day in world due to the governments initiative for biodegradable plastics and rising environmental regulations in lowering carbon emissions and greenhouse gases. Europe is the second largest consumer of Polycaprolactone Polyol growing at CAGR of 11.48%, Europe is major consumer especially in terms of foam, coating and adhesive based application products. In addition, Europe is followed by North America which is growing at CAGR of 11.18%. The coating based application of Polycaprolactone Polyol are leading in North America. The biodegradable nature of the Polyol based resins and the coating applications that increase the life of the product are the major market driving factor for the Polycaprolactone Polyol Market. The competition from petroleum based polyols are the restraining factor for the market. Moreover, According to market research, there is a tremendous opportunity for new comers of Polycaprolactone Polyol manufacturers to collaborate and expand the business to fulfil the demand in this sector.

Global Market for Polycaprolactone Polyol – Competitive Analysis

MRFR in its report has profiled some of the prominent companies functioning in the global market for Polycaprolactone Polyol, which include BASF SE, Sigma Aldrich, Gantrade Corporation, Perstrop Holding A.B., Daicel Corporation, Shenzhen Esun Industrial Co., Ltd, and Huntsman International LLC (U.S). Many of these companies are stepping up their research & development to improve their product quality and find new application opportunities. Moreover, market players are also entering into strategic partnerships with oversees players in order to consolidate their market position. Mergers and acquisitions are also key trend noticed in the market: by implementing such strategies, companies are able to expand their operations and improve business bottom line.

Regional Overview

Asia Pacific is expected to dominate the global market for Polycaprolactone Polyol over 2023. In 2016, the region commanded for more than 30% of the market share and expected to exhibit a double-digit CAGR of 11.58% during the projection period. Factors such as growth of industrial sector and rapid urbanization is playing an important in driving the growth of the market in the region. Today, the region has become a global manufacturing hub; countries such as China and India are frontrunners in terms of industrial manufacturing. In addition, presence of a large consumer base makes Asia Pacific an ideal market for Polycaprolactone Polyol. The region will continue to present lucrative growth opportunities to market players throughout the assessment period. Meanwhile, Europe is expected to hold the second position in 2018 and beyond. The region’s market is projected to expand at a CAGR of 11.48% during the forecast period. In North America, demand for Polycaprolactone Polyol is expected to remain healthy over the next couple of years. Polycaprolactone Polyol use is significantly high among American coatings manufacturers. Moreover, increased government effort to promote biodegradable plastics is partly supporting the growth of Polycaprolactone Polyol Market in the region.

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