According to study, “World Polycaprolactone Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world polycaprolactone market are Perstorp Holding AB, CorbionPurac, Shenzhen Esun Industrial Co., Ltd., Daicel Corp, BASF SE, Polysciences, Inc., Sigma-Aldrich Corporation (Merck KGaA), Shenzhen Polymtek Biomaterial Co., Ltd., Haihang Industries Co. Ltd., Durect Corporation. The key manufacturers are focusing on strategic growth initiatives for instance product development, joint ventures, and mergers & acquisitions.
Polycaprolactone or PCL is a fossil-based, biodegradable and semi-crystalline polyester with the molecular formula (C6H10O2)n. Its crystallinity and molecular weight are inversely proportional to each other, i.e. its crystallinity tends to increase with any decrease in its molecular weight. On exposure to moisture, micro-organisms and heat, PCL is naturally break down into organic components. It is used for medical devices, shoe counters, in hot melt adhesives, and bioplastics. Key properties include better biocompatibility, low viscosity, non-toxicity, biodegradability, and its capability to easily melt, among others. It is derived from chemical synthesis of crude oil and can be degraded by aerobic & anaerobic microorganisms.
Based on form, polycaprolactone market is segmented into nanosphere, pellet and microsphere. Nanosphereis a colloidal drug delivery system for drugs and other active molecules, with size ranging between 10 to 1000 nm. Pellet segment is expected to witness higher growth rate owing to rise in production of plastics, filament and 3D printer extruder during the forecast period. Based on production method, market is segmented into polycondensation of carboxylic acid and ring opening polymerization. The ring opening polymerization method is usually used in the production of polycaprolactone because of its ease of scale up, cost considerations and acceptable purity. This process helps to produce polymers with the same or lower density than monomers. Based on application, market is segmented into thermoplastic polyurethane (TPU),sutures, drug delivery, tissue engineering, wound dressing, dental implant, orthopedics and others. In addition, based on end-use industries, market is segmented into automotive, packaging, construction (roof, doors, wall, and windows insulation), and healthcare.
The polycaprolactone market is driven by extensive use of polycaprolactone in manufacturing of polyurethane & thermoplastic polyurethane, followed by rise in demand from healthcare sector, strong government support for developing & innovating biodegradable polymers for sustainable lifestyle, increase in need for enhanced versatility, insulation properties, durability, and strength-to-weight ratios, rise in disposable income, growth in demand to maintain lower noise levels in commercial properties and high abrasion & high elasticity. However, availability of low-cost substitutes and high cost of polycaprolactone may impact the market. Moreover, improve biodegradability by mixing starch & other low-cost organic fillers and extensive research & development (R&D) on polycaprolactone blend to decrease the cost are key opportunities for market.
Based on geography, India and China countries holds major share in polycaprolactone market owing to presence of emerging economies and rise indemand of thermoplastic polyurethane in major end-use industries in the countries. The USA and Europe are expected to witness lucrative growth due to increase in use of the product in modeling & splinting of prototyping systems and high demand for surgical equipment & biodegradable products over the forecast period.
For more information on the research report, refer to below link:
Global Thermoplastic Polyurethane Films (TPU) Market Study 2015-2025, by Segment (Polyester TPU, Polyether TPU, Polycaprolactone TPU), by Market (Automotive, Building & Construction, Aerospace), by Company (BASF SE, Covestro AG, The Lubrizol Corporation)
Ankur Gupta, Head Marketing & Communications