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2020

Polycaprolactone Market

Polycaprolactone Market Size, Share, Competitive Landscape and Trend Analysis Report by Form, Manufacturing Method and Application : Global Opportunity Analysis and Industry Forecast, 2019-2026

MC : Advanced Materials

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Author's: Krunal Yeware | Eswara Prasad
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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 biodegradable polyester, which is produced by ring-opening polymerization of e-caprolactone. One of the most common uses of polycaprolactone includes the production of thermoplastic polyurethane. It is used as an additive in the resin to improve its processing characteristics to enhance its end-user applications. Polycaprolactone is biodegradable in nature, and is increasingly adopted in the healthcare industry as a cost-effective product specifically in tissue engineering.

Polycaprolactone Market

The global polycaprolactone market is witnessing significant growth across the globe. This is attributed to the fact that polycaprolactone is a biodegradable polymer, which is used in the production of thermoplastic polyurethane. Surge in polyurethane consumption fuel demand for polycaprolactone. Moreover, its growing use in healthcare and related applications complements the global polycaprolactone. As of 2019, the global market has not witnessed any challenging factor, however, growth in demand for polycaprolactone polyols in similar applications may create challenges during the forecast period. Conversely, the emergence of concepts such as osteobotics are anticipated offering profitable growth opportunities to this market in the next five years. This one of the recent polycaprolactone market trends that may offer new growth dimensions to this market in the near future.     

The global polycaprolactone market is segmented into form, production method, application, and region. Depending on the form, the market is divided into pellets, nano sphere, and microsphere. By production method, the global market is segmented into ring opening polymerization and polycondesation of carboxylic acid. On the basis of application, the market 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.   

Polycaprolactone Market
By Type
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Pellet is projected as the most lucrative segment.

Global polycaprolactone market, by form

By form, the pellets segment is the largest one among all in 2018. Pellets are used as a raw material in the production of thermoplastic polyurethane. Therefore, the demand for polycaprolactone pellets is growing with increase in polyurethane production activities. Moreover, polycaprolactone pellets help to get the desired film thickness and solution concentration. In addition, polycaprolactone in the form of pellets is immediately available for use, which is radially not possible with other forms. These factors are expected to propel the growth of the pellets the largest segment during the forecast period.

Polycaprolactone Market
By Production Method
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Ring Opening polymerization is projected as the most lucrative segment.

Global polycaprolactone market, by production method

By the production method, ring-opening polymerization is the most suitable method for the production of polycaprolactone. One of the major reasons behind the high adoption of ring-opening polymerization is no small molecule is eliminated as a waste which resulted in a 100% yield with no byproduct formation. This is further reduced the use of several reactors to be used in the production process of polycaprolactone in ring-opening polymerization. As a result, ring-opening polymerization is becoming the preferred choice of most of the polycaprolactone manufacturers across the globe. This makes the ring-opening polymerization segment the largest, in terms of revenue.

Polycaprolactone Market
By Application
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Coating & Thermoplastic Polyurethane projected as the most lucrative segment.

Global polycaprolactone market, by application

By the application, the coating & thermoplastic polyurethane is emerged as the largest segment in 2018. Polycaprolactone is one of the earliest, commercially available biodegradable polymer used in the thermoplastic polyurethane. Therefore, thermoplastic polyurethane (TPU) is the primary area of application for polycaprolactone. It imparts oil, fuel, and solvent resistance properties to TPU along with improved flexibility and toughness. It is gaining significant popularity as a plasticizer, due to its compatibility with several thermoplastic compounds. Hence, the demand for polycaprolactone is directly proportional to the demand for TPU. As TPU is a basic raw material used in the mainstream industries, its demand is registering significant rise across the globe thereby offering healthy growth opportunities to this market.

Polycaprolactone Market
By Region
2026
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Polycaprolactone market, by region

By region, Asia-Pacific was the largest market for polycaprolactone in 2018, and it projected to be the largest regional market during the forecast period. Factor such as the presence of huge chemical industries, increase in industrialization, and the adoption of advanced techniques in production propel the polycaprolactone market growth. Increase in investment in biomedical industries has been providing a scope of utilization to polycaprolactone in this region. China acquired largest polycaprolactone market share in the Asia-Pacific region due to presence of established mainstream industries such as automotive, construction, furniture, and consumer goods. There is a significant need for polyurethane in these industries, which is expected to create growth opportunities for the this market.        

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
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global polycaprolactone industry for strategy building
  • A comprehensive polycaprolactone market analysis covers factors that drive and restrain market growth
  • The qualitative data in this report aims on market dynamics, trends, and developments

Polycaprolactone Market Report Highlights

Aspects Details
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By Form
  • Pellets
  • Nanosphere
  • Microsphere
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By Production Method
  • Ring Opening Polymerization
  • Polycondesation of Carboxylic Acid
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By Application
  • Coating & Thermoplastic polyurethane (TPU)
  • Healthcare
  • Other
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Turkey, Rest of LAMEA)
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Key Market Players

Shenzhen Polymtek Biomaterial Co., Ltd., Otto Chemie Pvt. Ltd., Shenzhen eSUN Industrial Co., Ltd., Perstorp Holding AB, Haihang Industry Co., Ltd., BASF SE, CORBION N.V., Polysciences, Inc., Daicel Corporation, Merck KGaA

Analyst Review

The global polycaprolactone market is growing rapidly, and it is expected to grow beyond $1 billion by the end of 2026. Biodegradable plastic is considered to be one of the finest breakthroughs in the 21st century, as it serves as an ideal alternative to synthetic plastic. Polycaprolactone is a type of biodegradable polymer, which is gradually gaining popularity across the globe. Currently, it has limited application as compared to other biodegradable plastic types, however, its associated properties may develop a novel application in other industries. Increase in efforts to promote the use of biodegradable plastic and favorable regulatory outlook setting a growth trajectory for biodegradable plastic across the globe are expected to offer lucrative opportunity for market expansion during the forecast period.

Author Name(s) : Krunal Yeware | Eswara Prasad
Frequently Asked Questions?

Thermoplastic polyurethane is the primary application area of polycaprolactone which is generating positive demand. Therefore, increasing polyurethane production globally in response to its diverse application scope is mainly contributing to the growth of this market. Polyurethane is a basic building block used in mainstream end-use industries including automotive, building and construction, packaging, consumer goods, and others; and growth in these end-use industries is not only driving demand for polyurethane but polycaprolactone as well.

The global polycaprolactone market is anticipated to grow at CAGR of 11.6% during the forecast period of 2019-2026

The emergence of concepts such as osteobotics are anticipated offering profitable growth opportunities to this market in the next five years. This one of the recent polycaprolactone market trends that may offer new growth dimensions to this market in the near future.

Merger & acquisition, research & development activities, new product develeopement are the strategies adopted by the key players in this market

Asia-Pacific region anticipated to hold largest share in this market.

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 are some of the major players in this market.

Coating & thermoplastic polyurethane is the major segment in the global polycaprolactone market.

Companies involved in Healthcare industry and polyurethane manufacturers are the major consumers of the global polycaprolactone industry.

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Polycaprolactone Market

Global Opportunity Analysis and Industry Forecast, 2019-2026