The global demand for polycaprolactone polyol based polyurethane resin has grown significantly in the recent years. Polycaprolactone polyols are extensively favoured in the industrial manufacturing domain as they fall under a distinctive high performance polyester class. They are also used for manufacturing polyurethane adhesives with superior UV resistance. Polycaprolactones polyols offer better abrasion resistance and possess higher tensile and tear strength as compared to other polyether-based polyurethane coatings and adhesives. The latest report published by Market Research Future (MRFR) reveals that the global market for polycaprolactone polyol will soar at a strong CAGR of 11.28% between 2016 and 2023 to reach a valuation of over USD 700 Mn. Demand for polycaprolactone polyol is also increasing due its eco-friendly characteristics. In the near futures, polycaprolactone polyol manufacturers are likely to find greater market opportunities owing to increasing bans and restriction on non-degradable polyol.
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Global Top 10 Key Players:
The key players in market includes Perstrop Holdings A.B., BASF SE, Daicel Corporation, Sigma Aldrich, Shenzhen Esun Industrial Co., Ltd, Gantrade Corporation, Huntsman International LLC (U.S) and others.
- Manufacturers and distributors of polycaprolactone polyol.
- Manufacturers and distributors of polyurethane.
- Manufacturers and distributors of coating, adhesives, elastomers and foam.
- Suppliers and traders of polycaprolactone polyol.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in chemical experts.
Asia Pacific is expected to dominate the global market for polycaprolactone polyol over 2023. In 2016, the region commanded for more than 30% of the market share and expected to exhibit a double-digit CAGR of 11.58% during the projection period. Factors such as growth of industrial sector and rapid urbanization is playing an important in driving the growth of the market in the region. Today, the region has become a global manufacturing hub; countries such as China and India are frontrunners in terms of industrial manufacturing. In addition, presence of a large consumer base makes Asia Pacific an ideal market for polycaprolactone polyol. The region will continue to present lucrative growth opportunities to market players throughout the assessment period. Meanwhile, Europe is expected to hold the second position in 2018 and beyond. The region’s market is projected to expand at a CAGR of 11.48% during the forecast period. In North America, demand for polycaprolactone polyol is expected to remain healthy over the next couple of years. Polycaprolactone polyol use is significantly high among American coatings manufacturers. Moreover, increased government effort to promote biodegradable plastics is partly supporting the growth of polycaprolactone polyol market in the region.
MRFR in its report has profiled some of the prominent companies functioning in the global market for polycaprolactone polyol, which include BASF SE, Sigma Aldrich, Gantrade Corporation, Perstrop Holding A.B., Daicel Corporation, Shenzhen Esun Industrial Co., Ltd, and Huntsman International LLC (U.S). Many of these companies are stepping up their research & development to improve their product quality and find new application opportunities. Moreover, market players are also entering into strategic partnerships with oversees players in order to consolidate their market position. Mergers and acquisitions are also key trend noticed in the market: by implementing such strategies, companies are able to expand their operations and improve business bottom line.
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Some of Major Points From Table of Content
10.1 Perstorp Holdings A.B 94
10.1.1 Company Overview 94
10.1.2 Product/Business Segment Overview 94
10.1.3 Financial Updates 95
10.1.4 Key Developments 96
10.2 BASF SE (Germany) 97
10.2.1 Company Overview 97
10.2.2 Product/Business Segment Overview 97
10.2.3 Financial Update 98
10.2.4 Key Developments 100
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The Global Polycaprolactone Polyol Market is segmented into Asia Pacific, Europe, North America, Middle East, Latin America based on the region. Asia Pacific accounted for the largest market share of 30.10% in 2016, and is projected to grow at the highest CAGR of 11.58% during the forecast period. Europe accounted second largest the market share in 2016 growing at CAGR of 11.48%. Moreover, North America is the third largest consumer of polycaprolactone polyol; accounted the market share in 2016 growing at CAGR of 11.18%. The demand for coating based application of polycaprolactone polyol in North America is high, however the foam based application dominates in rest of the world. If the government’s initiative for biodegradable plastics continues, the growth rate might increase the forecasted period.
The global polycaprolactone polyol market is segmented on the basis of Application, End User and Region. On the basis of application, polycaprolactone polyol market is segmented into foam, adhesive, coating, elastomer and others. In terms of end user, the market is segmented in to resin, footwear, automotive, pharmaceutical, printing and others. Based on regions, market is segmented into- North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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