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:
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