Global Polycaprolactone Market, 2015-2021
Global Polycaprolactone Market, 2015-2021 Persistence Market Research Global Polycaprolactone Market to Reach the Market Value of US$ 214.2 Mn by an end of 2021: Persistence Market Research Persistence Market Research 1 Global Polycaprolactone Market, 2015-2021 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research “Global Market Study on Polycaprolactone: Demand for Environment-Friendly Packaging Materials, Catalyzed the Polycaprolactone Market ”, the global polycaprolactone market has been estimated to reach value of US$ 113.9 Mn by end of 2015, and is expected to expand at a CAGR of 11.1% between 2015 and 2021. Polycaprolactone is a specialty building block in high-performance polyurethane elastomer. Owing to its value-added properties such as molecular weight distribution, hydrophobicity, and low viscosity, polycaprolactone and its copolymers such as polycaprolactonediol, polycaprolactonetriol, and polycaprolactonetetral has found wide application in the production of polyurethane (PU), thermoplastic polyurethane (TPU), and polyols. Polycaprolactone-based polyurethanes are widely used in coatings, adhesive, sealants and elastomers. Due to its high permeability, PCL can form compatible blends with other biobased polymers, which can improve the degradation kinetics, stress & crack resistance, dyeability, and control over the release rate of drugs. Hence, it is used for manufacturing of medical devices and components. PCL is generally blended with PGA or PLA. However, different blends of PCL result in different serviceability and properties of the blended material. Growing demand for environment-friendly packaging materials leads to the development of a number of new biopolymers that have shown the ability to degrade naturally in the environment. PCL has the ability to blend with natural polymers, and its blend is commercially used for manufacturing of plastic films and bags. This is expected to emerge as a factor driving the growth of the polycaprolactone market during the forecast period. Continuous research for application of PCL in the biomedical sector, focused on eco-friendly and cost efficient solutions and increasing consumption of polyurethane in developing economies, are other factors expected to fuel the growth of the market over the forecast period. However, availability of substitutes at cheaper costs and volatility of raw material costs are likely to impede the growth of the global polycaprolactone market during the forecast period. Global polycaprolactone consumption is expected to increase from 58,151.8 metric tons over 2015 to 105,122.6 metric tons by 2021, expanding at a CAGR of 10.4% during the forecast period. Persistence Market Research 2 Global Polycaprolactone Market, 2015-2021 In terms of market value, Europe is expected to dominate the global polycaprolactone market over the forecast period, with Asia Pacific being the second largest market, accounting for revenue share of 28.6% of the global estimated market value by 2015 end. Europe polycaprolactone market is slated to expand at the highest CAGR of around 10.5% in terms of value between 2015 and 2021. Request Sample Report: http://www.persistencemarketresearch.com/samples/4522 On the basis of application, the healthcare segment is expected to expand at the fastest CAGR in terms of value during the forecast period. Growth of this segment is primarily driven by increased adoption of polycaprolactone in manufacturing of drug delivery devices. Drug delivery and wound care management segments are expected to witness growth of 11.1% and 11.4% in terms of consumption during the forecast period. On the basis of form type, revenue from pellets segment is expected expand at a CAGR of 11.0% during the forecast period. View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/polycaprolactone-market.asp Perstorp Holding A.B., BASF SE, and Diacel Corporation are the leading players in the global polycaprolactone market. Other players include Durect Corporation, Corbion Purac, SigmaAldrich Corporation, and Shenzhen Esun Industries Co. Ltd. The global polycaprolactone market is segmented as follows: By Form Type Pellets Nano Sphere Microsphere By Application Type Persistence Market Research 3 Global Polycaprolactone Market, 2015-2021 Thermoplastic Polyurethane (TPU) Healthcare Drug Delivery Wound Care Management Suture Wound Dressing Tape Tissue Engineering Orthopedic Dental Implant Others By Regions North America Latin America Europe Asia Pacific Middle East & Africa Market History: Polycaprolactone (PCL) is a fossil-based, semi-crystalline and biodegradable polyester. PCL is a specialty building block in high-performance polyurethane elastomer. Owing to its valueadding properties such as molecular weight distribution, hydrophobicity and low viscosity, polycaprolactone and its copolymers such as polycaprolactonediol, polycaprolactonetriol, and polycaprolactonetetral has found wide application in the production of polyurethane (PU), thermoplastic polyurethane (TPU) and polyols. It is one of the most widely preferred biodegradable polymers due to its high flexibility and biodegradability as well as hydrophobic nature. It is widely used in the manufacture of drug delivery devices and other medical components such as suture, wound dressing tapes, dental appliance etc. End-user industries of PCL includes automotive, leather, paints & coating, medical devices manufacturer, packaging etc. Persistence Market Research 4 Global Polycaprolactone Market, 2015-2021 Revenue from the global polycaprolactone market is expected to expand at a CAGR of 11.1% over the forecast period, to reach the market value of US$ 214.2 Mn by an end of 2021. Demand for polycaprolactone is influenced by a number of factors, including increased investments in manufacturing of medical devices in developed and developing economies. Growing demand for polyurethane in developing economies is a major factor driving the growth of the global market. Product and technology innovations focused on eco-friendly and cost-efficient solutions is another factor expected to fuel the growth of the market over the forecast period. A major trend observed in the market is FDA approval of PCL in medical applications, which leads to the adoption of PCL in the manufacturing of a variety of medical devices and components, and industry preference for low VOC (Volatile Organic Compound) coatings due to stringent environmental regulations limiting VOC emissions. Persistence Market Research, in its report titled “Polycaprolactone Market: Global Industry Analysis and Forecast, 2015–2021”, has segmented the global polycaprolactone market into form type, application, and regions. On the basis of form type, the market is segmented into pellets, nano sphere, and microsphere. On the basis of applications, the market is segmented into the thermoplastic polyurethane (TPU), healthcare, and others, including 3D printing and hobbyist market. On the basis of healthcare application, the market is segmented into drug delivery and wound care management. Wound care management is further segmented into the suture, wound dressing tapes, tissue engineering, orthopaedic, and dental implant. On the basis of geographic regions, the polycaprolactone market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Amongst the aforementioned region-based segments in the global polycaprolactone market, Asia Pacific polycaprolactone market is expected to expand at an accelerated CAGR of 12.0% in terms of volume during the forecast period. The market in the region is estimated to account for a share of around 29.5% of the global polycaprolactone market volume by 2015. In terms of volume, Europe is expected to depict steady growth during the forecast period. It has been estimated to account for a value share of 38.1% by the end of 2015. Latin America and the Middle East & Africa polycaprolactone markets are expected to expand at a slow CAGR of 9.5% and 10.0% respectively in terms of value over the forecast period. Persistence Market Research 5 Global Polycaprolactone Market, 2015-2021 About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com Persistence Market Research 6
© Copyright 2024