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CHEMICALS AND ADVANCED MATERIALSDISCOUNT VALID TILL 31st-JANUARY , 2022

Caprolactone Market Segmentation by Type (99.5% Purity, and 99.9% Purity); and by Application (Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Extensive insights into the Growth of Caprolactone Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • October 2021- BASF announced that it will raise the prices for caprolactum and polyamide polymer by USD 0.05 per pound in North America.

  • February 2021- CSIR-IICT licensed novel fluorophores technology, which focuses on design and synthesis of various classes of sustainable dyes, to Tokyo Chemical Industry.

Global Caprolactone Market Highlights Over 2022 - 2031

The global caprolactone market is estimated to garner a large amount of revenue by growing at a significant CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the increasing demand for polyurethane elastomers, adhesives & sealants, and industrial coatings from a wide range of industries for construction purposes around the world. Along with this, caprolactone provides various benefits when used as a specialist intermediate such as high chemical resistance, durability, water resistance, abrasion and UV light resistance. This is also expected to be a crucial factor driving growth to the market in the upcoming years. Furthermore, increasing number of infrastructural activities globally, and rising need to enhance the performance of end products that use resins and polymers is projected to offer ample growth opportunities to the market in the near future. As per the World Bank, the net output of construction industry worldwide was USD 22.637 trillion in 2019, up from USD 22.205 trillion in 2018 and USD 21.453 trillion in 2017 respectively.

Caprolactone Market

The market is segmented by application into polycaprolactone, acrylic resin modified, polyesters modified, epoxy resin modified, and others, out of which, the epoxy resin segment is anticipated to hold the largest share in the global caprolactone market. This can be accounted to the rising use of epoxy resins in the aerospace and recreation industries for producing complex composite structures. Apart from these, largescale usage of the material as a binding agent in cement and mortars is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of type, the 99.5% purity segment is assessed to acquire the largest share during the forecast period ascribing to the growing utilization of this type of caprolactone for the manufacturing of polyglecaprone, which is widely used suture material in surgery. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing)

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Caprolactone Market Regional Synopsis

Regionally, the global caprolactone market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to grab the largest share and witness noteworthy growth over the forecast period on the back of the growing number of government initiatives to build smart cites in the region. According to the Indian Brand Equity Foundation, the total allocated investments for the ‘Smart City Mission’ in 2020 was USD 28.31 billion, out of which about 86 percent of the projects have been tendered.

In addition, high manufacturing output, and rising production of construction materials are also expected to bolster the market growth in the region in the coming years. Moreover, the market in North America is also projected to acquire a notable share ascribing to the growing infrastructural development, and rising investments to conduct research and development activities in the chemicals industry in the region. 

Caprolactone Market Share

The global caprolactone market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global caprolactone market includes the following segments:

By Type

  • 99.5% Purity
  • 99.9% Purity

By Application

  • Polycaprolactone
  • Acrylic Resin Modified
  • Polyesters Modified
  • Epoxy Resin Modified
  • Others

Growth Drivers

  • Increasing Demand for Industrial Coatings from a Wide Range of Industries
  • Rising Number of Infrastructural Activities Globally

Challenges

  • High Toxicity of Caprolactone 

Top Featured Companies Dominating the Market

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Daicel Corporation
  • Perstorp AB
  • Merck & Co., Inc.
  • Leschaco Japan K.K.
  • ITOCHU Chemical Frontier Corporation
  • Solvay S.A.
  • Santa Cruz Biotechnology, Inc.
  • Esun International Co., Ltd.
  • Tokyo Chemical Industry

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