Albany, NY -- (SBWIRE) -- 09/05/2018 -- As polycaprolactone is a biodegradable polymer that continues to witness significant demand for the production of thermoplastic polyurethane (TPU). Wide application of TPU in various industries including medical device, painting, automotive industry, construction industry and packaging industry. Attributed to high degree of resistance to grease and oil, polycaprolactone is largely preferred over the other biodegradable polymers such as polyhydroxyalkanoates and polylactide (PLA). In addition, resistance to high elasticity and high abrasion has continued to boost sales of polycaprolactone among the TPU manufacturers globally.
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According to Transparency Market Research, the global polycaprolactone market is expected to represent a value of over US$ 300 Mn by the end of 2026.
Manufacture of Drug Delivery Devices to Underscore Lucrative Growth Opportunities
Demand for easy to manufacture and inexpensive drug delivery devices continues to increase among the end users. However, use of polycaprolactone in the implantable drug-delivery systems poses significant challenges such as low load bearing and slow rate of degradation features. Manufacturers of the medical devices are focusing on addressing these challenges and developing improved medical devices. Approval from FDA to use polycaprolactone in specific applications including sutures and drug delivery is expected to impact growth of the global market positively. As the need for wound dressing, surgical drapes, general purpose tubing, injection-molded devices and hospital bedding arises, demand for polyurethane continues to remain high in the healthcare industry.
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Researchers are also focusing on introducing innovative techniques in order to lower the cost of polycaprolactone. Demand for the polycaprolactone pellets continue to remain high as it is increasingly used for the production of 3D printer extruder, filaments and plastics. As the cost of pellets continue to remain low as compared to microsphere and nanosphere, demand for pellet form of polycaprolactone continue to witness high sales.