Global Caprolactone Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Caprolactone Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Caprolactone is a lactone (a cyclic ester) possessing a seven-membered ring. This colorless liquid is miscible with most organic solvents and water.

Market Overview:

The latest research study on the global Caprolactone market finds that the global Caprolactone market reached a value of USD 450.42 million in 2022. It’s expected that the market will achieve USD 745.06 million by 2028, exhibiting a CAGR of 8.75% during the forecast period.

Drivers of Caprolactone

North America, Europe, China, India, South America, Middle East and Africa
Various end-users prefer polycaprolactone based products as an effective solution for different healthcare applications. There has been a considerable increase in the usage of biodegradable polyesters for the formulation of thermoplastic polyurethane. Polycaprolactone-based polyurethanes are widely used in coating, adhesives, sealants and elastomers.
With the development of downstream, caprolactone will grow in the forecast period.

Opportunities

Improve performance

With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost effective, high performance product in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, the increasing demand downstream, the market of Caprolactone has great market potential.

Region Overview:

In 2021, the share of the Caprolactone market in Europe stood at 52.56%.

Company Overview:

Perstorp is one of the major players operating in the Caprolactone market, holding a share of 40.11% in 2020.

Perstorp

Perstorpo perates through three segments: Specialties & Solutions; Advanced Chemicals & Derivatives; and BioProducts. The company offers adhesives for a range of market applications, such as in packaging, transport, shoes, metal, electronics, and construction; coatings; raw materials, such as propionic acid and formic acids, preservatives, antibacterial agents, and silage additives for promoting healthy animals and healthy food; plastic materials comprising bioplastics, heat resistant plastics, plasticizers, polymer additives. Perstorp is a specialty chemicals innovator and supplier, with a global reputation for quality, reliability and adding real measurable value to the applications that make modern life work.

Daicel

Daicel Corporation manufactures and sells cellulosic derivatives, organic chemicals, plastics, pyrotechnic devices, and other products in Japan, China, other Asian regions, and internationally. The company provides cellulose acetate for LCD optical films, cigarette filters, acetate fibers, photographic films, plastics, and separation membranes; acetate tow for cigarette filters; carboxymethyl cellulose, hydroxyethyl cellulose, and microfibrillated fibers for use in foods, pharmaceuticals, cosmetics, and electronic materials; and cellulose plastics for glass frames, toys, and writing instruments. It also offers acetic acid and anhydride, solvents, and fine chemicals.

Segmentation Overview:

Among different product types, 99.9% Purity segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Polycaprolactone segment occupied the biggest share from 2017 to 2022.

Polycaprolactone

Polycaprolactone (PCL) is a biodegradable polyester with a low melting point of around 60 °C and a glass transition temperature of about −60 °C. The most common use of polycaprolactone is in the manufacture of speciality polyurethanes.

Acrylic Resin Modified

Acrylic resins are a group of related thermoplastic or thermosetting plastic substances derived from acrylic acid, methacrylic acid or other related compounds.

Polyesters Modified

Polyester is a category of polymers that contain the ester functional group in their main chain. As a specific material, it most commonly refers to a type called polyethylene terephthalate (PET).

Epoxy Resin Modified

Epoxy resins, also known as polyepoxides, are a class of reactive prepolymers and polymers which contain epoxide groups.

Key Companies in the global Caprolactone market covered in Chapter 3:

Daicel
Perstorp
BASF
JUREN Chemical Industry

In Chapter 4 and Chapter 14.2, on the basis of types, the Caprolactone market from 2018 to 2029 is primarily split into:

99.5 % Purity
99.9% Purity

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Caprolactone market from 2018 to 2029 covers:

Polycaprolactone
Acrylic Resin Modified
Polyesters Modified
Epoxy Resin Modified
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)