Global Polycaprolactone Market By Form (Pellets, Nanosphere, Microsphere), Manufacturing Process (Ring Opening Polymerization, Polycondensation of Carboxylic Acid), Application (Thermoplastic Polyurethane, Healthcare, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Polycaprolactone Market

Global polycaprolactone market is expected to register a healthy CAGR of 10.0% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the high demand for environmental-friendly plastic solutions for various applications in the end-use industries.

Market Definition: Global Polycaprolactone Market

Polycaprolactone is a type of biodegradable polyester having a low melting point at just sixty degree Celsius. It is manufactured with the process of ring-opening polymerization of caprolactone in combination with a catalyst like stannous octanoate. Through this method a yield of semi-crystalline, hydrophobic polymer is achieved having a glass transition temperature of around 60ºC.

Market Drivers:

High demand of thermoplastic polyurethane from various end-users is expected to fuel the growth of the market
High adoption rate in various healthcare applications due to biodegradable nature of the product acts as a market driver
Various structural and characteristics enhancement associated with the integration of polycaprolactone in various manufacturing process is expected to drive the market growth

Market Restraints:

Presence of alternative solutions that are equally affective and economical acts as a market restraint
High levels of costs associated with the manufacturing process of polycaprolactone is expected to restrict the market growth

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Segmentation: Global Polycaprolactone Market

By Form

Pellets
Nanosphere
Microsphere

By Manufacturing Process

Ring Opening Polymerization
Polycondensation of Carboxylic Acid

By Application

Thermoplastic Polyurethane
Healthcare
Drug Delivery
Wound Care Management
Sutures
Wound Dressing Tapes
Tissue Engineering
Orthopedic
Dental Implant
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
U.K.
Belgium
Spain
Russia
Turkey
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
Egypt
South Africa
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In December 2018, Ingevity announced that they had agreed to acquire Perstorp’s “Capa caprolactone” business operations for approximately USD 675 million. This acquisition is expected to help Ingevity in having a positive impact on the earnings of Perstorp, with the business being integrated into “Performance Chemicals” segment of Ingevity. The market leadership and expertise of Ingevity is expected to create valuable opportunities for Ingevity’s overall business growth
In May 2018, Perstorp and 3D4Makers announced that they had entered into a joint venture agreement for the formulation of a 3D printing materials company by the name of “ElogioAM”. The company will be able to help in better deployment of additive manufacturing products for medical, orthotics, prototypes, modelling, fashion, consumer goods and demanding industry. The company will be based out of Netherlands its product range will include high quality of 3D printing filaments and other solutions for 3D printing

Competitive Analysis:

Global polycaprolactone market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of polycaprolactone market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global polycaprolactone market are Perstorp; BASF SE; DAICEL CORPORATION; Merck KGaA; DURECT Corporation; Corbion; Polysciences, Inc.; Shenzhen Polymtek Biomaterial Co., Ltd.; Ottokemi; Ingevity and ITOCHU CHEMICAL FRONTIER Corporation among others.