openPR Logo
Press release

Global Shift towards Biodegradable Polymers to Drive Polycaprolactone Sales, Generating 1.6X Higher Revenue in 2021

Global Shift towards Biodegradable Polymers to Drive

Polycaprolactone, a biodegradable polymer, is gaining widespread traction considering its value-adding properties including high flexibility, hydrophobic nature, molecular weight distribution, and low viscosity. Moreover, deepening production of thermoplastic

Polyurethane, Polyurethane (PU), and Polyols would also contribute the increased consumption of polycaprolactone. Thermoplastic polyurethane would remain the largest category with close to 45% share of the polycaprolactone market. A study by Persistence Market Research projects the polycaprolactone market to exhibit a promising 10.5% CAGR and stand at a market valuation of US$ 670,682.4 Mn by 2026.

Request to Sample Report @ https://www.persistencemarketresearch.com/samples/4522

Over the forecast period of 2018-2026, the study also indicates that the polycaprolactone market would represent an appreciable step-up in the growth trajectory, considering its increased consumption in niche healthcare applications such as drug delivery, tissue engineering, orthopedic, sutures, wound healing products, and dental implants. Cost-effective product formulations with increased efficacy is the key reason fueling the adoption of polycaprolactone.

“Most importantly, growing awareness regarding environmental hazards caused by packaging waste has pushed polyurethane manufacturers to use eco-friendly raw materials such as polycaprolactone. This has translated into reduced performance penalty at a competitive cost, paving lucrative opportunities for polycaprolactone manufacturers to expand their production capacity and focus on strengthening the product portfolio. Future prospects for polycaprolactone market are likely to be promising, as more and more industries are racing to meet their sustainability goals”, Lead Analyst, Chemicals and Nanomaterials, Persistence Market Research

Thermo polyurethane (TPU) is projected to be in high demand in various end-use automotive, leather, paints and coating, packaging, and construction. Polycaprolactone based thermo polyurethane is used in varying applications such as organic colorants, thermo-autotype inks, adhesion agents, solvent-free adhesives and paints, thermal fusion tackifiers, surface and fabric coatings, casting thermoplastics, hot melt adhesives, and in high performance microcellular foam materials. This widespread adoption of polycaprolactone TPU can mainly be attributed to superior physical properties including better hydrophobic characteristics, resistance to oil and grease, and enhanced adhesion features.

Although, polycaprolactone and its copolymers have been approved by FDA for a number of medical applications especially drug delivery, its slow degradation rate and modest load bearing properties has impelled the medical community to consider bio-resorbable polymers such as polyglycolides and polylactides, for drug delivery devices. However, increasing demand from the drug delivery community has created opportunities for polycaprolactone manufacturers to take responsibility for focused research to enhance the mechanical properties of polycaprolactone and reduce its biodegradation time, without creating a price pressure. Additionally, higher-up, more advanced properties of polycaprolactone filament are projected to drive its demand in 3D printing technology and develop custom orthopedic implants and prosthetics along with automobile spare parts and components production.

However, rising demand for recycling and waste generation of conventional plastics is projected to be a key factor impelling industries to use more economically priced alternatives to polycaprolactone such as Polylactide (PLA), Polyhydroxyalkanotes (PHA), Polybutylene Succinate (PBS), and Polybuate Adipic Terephthalate (PBAT). A paradigm shift to biodegradable plastics will open up new market avenues for higher commercial usage of PLA, which accounts for approximately 40% of the global bio plastics market. Another key factor that could decimate the polycaprolactone market is the volatile prices of petroleum feedstock, resulting in less profit margins.

Request Report TOC @ https://www.persistencemarketresearch.com/methodology/4522

Geographically, India and China being major consumers of polycaprolactone in Asia Pacific, are projected to account for more than 51,050 Metric Tons of polycaprolactone in 2021, in textile, footwear, and automotive industries—creating more production opportunities in these regions. Europe and North America are also anticipated to represent significant growth opportunities in the coming years, considering heavy concentration of polycaprolactone manufactures here. Polycaprolactone manufacturers are capitalizing on advancing technologies and increased efforts from the research centers, to innovative new forms and launch new grades into their product portfolio to gain maximum regional share. Key players in the market are focusing on adopting alternative distribution channels, such as the online channel, to further strengthen their market presence in regional and global market space.

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

CONTACT:
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
T: +1-646-568-7751
Tollfree: +1 800-961-0353

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Shift towards Biodegradable Polymers to Drive Polycaprolactone Sales, Generating 1.6X Higher Revenue in 2021 here

News-ID: 1468457 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Polycaprolactone

Polycaprolactone Market Size, Share | Trend 2030
Exclusive Report by Ameco Research: Polycaprolactone Market Size Projected to Reach USD 1,600 Billion by 2030, Growing at 12% CAGR Ameco Research is proud to announce the launch of its latest market research report, Polycaprolactone Market. This comprehensive report provides in-depth analysis and insights into the current market trends and future projections in the Industry/Market Segment. Ameco Research has been at the forefront of providing quality market research reports to
Polycaprolactone Market to Witness Robust Expansion by 2023
Polycaprolactone is a semi-crystalline polymer produced on the basis of ε-caprolactone, belonged to biodegradable polymer material. Polycaprolactone thermoplastics have unique physical properties for a large range of applications such as 3D printing, toys, master batches and for rapid prototyping. It could also be used for Medical devices, in Hot Melt adhesives, Shoe counters and Bioplastics. LPI (LP Information)' newest research report, the "Polycaprolactone Industry Forecast" looks at past sales and reviews
Polycaprolactone Market Industry Analysis - Polycaprolactone Market Size Driven …
The most recent study offered by Acumen Research and Consulting focuses Polycaprolactone Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Polycaprolactone Market trends in order to assess its current and future potential. Our Polycaprolactone Market analysis also provides market participants and new entrants with a comprehensive view of the
Global Polycaprolactone Polyol Market Analysis by 2020-2025
Scope of the Report: The global Polycaprolactone Polyol market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 6.3%% in the forecast period of 2020 to 2025 and will expected to reach USD 547.6 million by 2025, from USD 429.1 million in 2019. Market segmentation Polycaprolactone Polyol market is split by Type and by Application. For the period 2015-2025, the growth among segments
Polycaprolactone Global Information 2019 : Rising Awareness and Shift Towards th …
Press Release – 29 Jan 2019 Research and Development News -- . . Latest Update "Global Market Study on Polycaprolactone: Rising Awareness and Shift Towards the Adoption of Biodegradable Polymers Enabling Increasing Usage of Polycaprolactone" with Industries Survey | Global Current Growth and Future. ' ' The main aim of this report is to offer exhaustive analysis and provide insights pertaining to the global polycaprolactone market. This report offers a comprehensive analysis of the
Factors Influencing Polycaprolactone Market Growth
Polycaprolactone, a biodegradable polymer, is gaining widespread traction considering its value-adding properties including high flexibility, hydrophobic nature, molecular weight distribution, and low viscosity. Moreover, deepening production of thermoplastic Request For Report Sample@ https://www.persistencemarketresearch.com/samples/4522 Polyurethane, Polyurethane (PU), and Polyols would also contribute the increased consumption of polycaprolactone. Thermoplastic polyurethane would remain the largest category with close to 45% share of the polycaprolactone market. A study by Persistence Market Research projects the polycaprolactone market