Polycaprolactone Market is boosted by favorable use of polycaprolactone in the formulation of thermoplastic polyurethane and increase in adoption in the healthcare industry. However, surge in adoption of polyol family chemicals hampers the market growth. On the contrary, rise in use in osteobotics is expected to create lucrative opportunities in the near future.
According to the report, the global polycaprolactone market was over $530.7 million in 2018, and is anticipated to surpass $1.27 billion by 2026, growing at a CAGR of 11.6% from 2019 to 2026. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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Based on region, Asia-Pacific, followed by Europe and North America, generated the highest market share in 2018, holding more than two-fifths of the market share. This is due to factors including presence of enormous chemical industries, rapid industrialization, and implementation of advanced techniques for manufacturing. However, Europe polycaprolactone market is expected to witness the largest CAGR of 12.7% from 2019 to 2026, owing to increase in consumer base and surge in investments in sustainable materials.
Based on type, the pellets segment accounted for the highest share in 2018, holding more than half of the global polycaprolactone market share, and is estimated to maintain its lead status during the forecast period. This is due to surge in preference for polycaprolactone in the form of pellets for producing thermoplastic polyurethane. Contrarily, the nano sphere segment is expected to maintain the largest CAGR of 12.4% from 2019 to 2026.
- Coating & Thermoplastic polyurethane (TPU)
Based on application, the healthcare sector segment is expected to maintain the highest CAGR of 11.9% during the forecast period. This is attributed to rapid developments in the biomedical sector due to factors including relatively inexpensive price, material compatibility, and suitability for modification. However, the coating & thermoplastic polyurethane (TPU) segment held the highest share in 2018, contributing to more than three-fifths of the total market share. This is attributed to its compatibility with different thermoplastic compounds and rise in prominence of plasticizers.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The Corrugated packaging market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the Corrugated packaging market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the Corrugated packaging market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
Major market players
- BASF SE
- Daicel Corporation
- Corbion N.V.
- Merck KGaA
- Haihang Industry Co., Ltd.
- Perstorp Holding AB
- Otto Chemie Pvt. Ltd.
- Shenzhen eSUN Industrial Co., Ltd
- Polysciences, Inc.
- Shenzhen Polymtek Biomaterial Co., Ltd.
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