Growing Demand for Biodegradable Polymer Globally Drives Growth of Caprolactone Market

Caprolactone market is anticipated to grow at a significant CAGR of 7.8% during the forecast period (2024-2031). The market growth is attributed to Polycaprolactone (PCL), a biodegradable polymer widely employed in biomedical applications such as orthopedic implants, scaffolds for tissue engineering, and drug delivery systems, making it easier to create its ability to do ring-opening polymerization. Moreover, caprolactone finds widespread application across multiple industries as a necessary raw material for the synthesis of adhesives, thermoplastics, and specialty polyurethanes. Additionally, caprolactone's exceptional chemical properties, including its high reactivity and versatility during polymerization processes, caprolactone is highly sought after.

Browse the full report description of “Caprolactone Market Size, Share & Trends Analysis Report by Type (99.5% Purity and 99.9% Purity), and Application (Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified and Other) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/caprolactone-market

According to the European Bioplastics e.V., in January 2024, global bioplastics production capacity is set to increase significantly from around 2.1 million tons in 2023 to approximately 7.4 million tons in 2028.  Bioplastics are used for an increasing variety of applications, ranging from packaging and consumer products to electronics, automotive, and textiles. Packaging remains the largest market segment for bioplastics with 43.0 % (934,000 tons) of the total bioplastics market in 2023.

Recent Development

• In September 2023, HighChem Co., Ltd. entered into a sales agency agreement with Hunan Juren Chemical Hitechnology Co., Ltd. for the distribution of ?-Caprolactone and its derivatives, PCL polyol (polycaprolactone polyol), and PCL (Polycaprolactone), the marine biodegradable plastic, within Japan.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Application

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includes BASF SE, Daicel Corp., Ingevity Corp., Merck KGaA, and Solvay S.A. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Caprolactone Market Report Segment

By Type

• 99.5% Purity 
• 99.9% Purity

By Application

• Polycaprolactone
• Acrylic Resin Modified
• Polyesters Modified
• Epoxy Resin Modified
• Other (Polyurethane Resins)

Global Caprolactone Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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