Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Polycaprolactone Market: Global Industry Analysis and Forecast 2014 - 2020".
New York, NY -- (SBWIRE) -- 08/31/2015 -- Polycaprolactone is a bio-based polymer which is biodegradable. Polycaprolactone is manufactured from polymerization of Î-caprolactone using stannous octoate as a catalyst. Polycaprolactone is used in application such as hobbyist market and prototyping. Polycaprolactone offer strength, higher flexibility and stability to the materials used as mounting devices in the hobbyist market. It is also used in films and laminates which comes in direct or indirect contact with food products.
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The market for polycaprolactone was mainly driven by huge demand for specialty polyurethane from various end-users such as automotive, construction, packaging and footwear among others. Polyurethanes are biocompatible and have excellent mechanical properties. Polycaprolactone is used as additives or as a plasticizer in resins and PVC. In addition, polycaprolactone is also used in biomedical applications such as implants, drug delivery device, sutures, root canal filling. The growing market for biobased polymer is likely to be major opportunity for the market. However, environmental rules and regulations can be major restraint for the polycaprolactone market.
In terms of demand, North America was the leading region in polycaprolactone market. Increasing demand for specialty polyurethanes from building and construction and automotive applications is likely to drive the market in this region. North America was followed by Europe. The demand is more in this region owing to limited number of oil reserves and growing demand for bioplastics in the market. Asia Pacific is anticipated to be fastest growing market for polycaprolactone and is likely to show greater demand in upcoming years. The demand is huge especially from textile, footwear, automotive and other applications. India and China are the major consumers in Asia Pacific region. The Rest of the World market is likely to potential market for polycaprolactone in next few years.
Some of the key manufacturers in the polycaprolactone market are BASF SE, Daicel Corporation, The Dow Chemical Company, Perstorp, Polysciences Inc., Sigma-Aldrich Corporation and Solvay S.A. among others.
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Key points covered in the report
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.
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