Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Polycaprolactone Polyol Market is estimated to be valued at USD 377.1 million by the end of 2016 and is expected to grow at a CAGR of 11.28% to reach USD 791.4 million by the end of 2023. Foam accounted for the largest market share of 31.57% in 2016, projected to grow at the highest CAGR of 10.89% during the forecast period. Foam segment is followed by coating, adhesive, elastomer and others. The properties of polycaprolactone polyol such as, excellent oil, solvent and fuel resistance, abrasion resistance, high tensile strengths and cut and tear resistance in the end use applications is expected to stimulate the demand for foam and elastomer segment. In terms of volume, foam is leading the market in 2016 and is expected to grow at a CAGR of 10.96% during the forecast period in Asia Pacific region. Europe is the second largest consumer of polycaprolactone polyol followed by North America; the latter regions are expected to grow at CAGRs of 10.78% and 10.48% respectively.

Key Players:
The key players in market includes
• Perstrop Holdings A.B.,
• BASF SE,
• Daicel Corporation,
• Sigma Aldrich,
• Shenzhen Esun Industrial Co., Ltd,
• Gantrade Corporation,
• Huntsman International LLC (U.S)
• others.

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Segment analysis:
The global polycaprolactone polyol market has been segmented into: application and end use. On the basis of application, the market has been divided into foam, coating, adhesive, elastomer and others. Based on the end user, the market is segmented resin, footwear, automotive, pharmaceutical and others.
The consumption of polycaprolactone polyol in foam accounts for the largest market share in the global market, owing to its inherent properties such as excellent oil, solvent and fuel resistance, abrasion resistance, high tensile strengths and cut and tear resistance among others. The segmental growth of foam can be attributed to various factors such as the surge in demand from the footwear sector coupled with the consumer resin market growth, surge in automotive production, and increasing prevalence of electric vehicles among others. Additionally, polycaprolactone polyol is utilized in various niche sector as a coating, adhesive, elastomer and foam. It is utilized as coating to increasing the life of the product. Polycaprolactone based resins are used in electrical insulations, microfluidics, microelectronics. The use of polycaprolactone based products have accelerated the market to many extent due to its property as excellent thermal resistance, physical properties, biodegradable nature..

Regional Analysis:
Geographically, the global polycaprolactone polyol market by region is segmented into Asia Pacific, North America, Europe, Latin America and Middle East & Africa. As per MRFR analysis Asia Pacific dominated the polycaprolactone polyol market and has accounted for the largest share of 30.10% the market in 2016; expected to grow at CAGR of 11.58%. Asia Pacific market is followed by Europe and North America growing at CAGR of 11.48% and 11.28% respectively. Moreover, the products from polycaprolactone polyol are biodegradable in nature, and government initiative for biodegradable plastics in these region are expected to drive the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape analysis of key vendors.

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