Increasing Application as a Foam and Coating to Propel the Global Polycaprolactone Polyol Market Growth at CAGR of 11.28%

Pune, India, August 10, 2017 /MRFR Press Release/-Market research future publishing a cooked research report on Global Polycaprolactone Polyol Market that contains the information from 2021 to 2030. Polycaprolactone Polyol Market is expected to grow with the CAGR 11.28 % during forecast period of 2021 to 2030.

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Polycaprolactone Polyol Market as include Perstrop Holding A.B., BASF SE, Daicel Corporation, Sigma Aldrich, Shenzhen Esun Industrial Co. Ltd, Gantrade Corporation, Huntsman International LLC., and others.

Market Highlights:

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Polycaprolactone Polyol Market is estimated to be valued at USD 377.1 million by the end of 2016 and is expected to grow at a CAGR of 11.28% to reach USD 700 Million 2030. Foam accounted for the largest market share of 31.57% in 2016, projected to grow at the highest CAGR of 10.89% during the forecast period. Foam segment is followed by coating, adhesive, elastomer and others. The properties of polycaprolactone polyol such as, excellent oil, solvent and fuel resistance, abrasion resistance, high tensile strengths and cut and tear resistance in the end use applications is expected to stimulate the demand for foam and elastomer segment. In terms of volume, foam is leading the market in 2016 and is expected to grow at a CAGR of 10.96% during the forecast period in Asia Pacific region. Europe is the second largest consumer of polycaprolactone polyol followed by North America; the latter regions are expected to grow at CAGRs of 10.78% and 10.48% respectively.   

Segment Analysis:

The global polycaprolactone polyol market has been segmented into: application and end use. On the basis of application, the market has been divided into foam, coating, adhesive, elastomer and others. Based on the end user, the market is segmented resin, footwear, automotive, pharmaceutical and others.

The consumption of polycaprolactone polyol in foam accounts for the largest market share in the global market, owing to its inherent properties such as excellent oil, solvent and fuel resistance, abrasion resistance, high tensile strengths and cut and tear resistance among others. The segmental growth of foam can be attributed to various factors such as the surge in demand from the footwear sector coupled with the consumer resin market growth, surge in automotive production, and increasing prevalence of electric vehicles among others. Additionally, polycaprolactone polyol is utilized in various niche sector as a coating, adhesive, elastomer and foam. It is utilized as coating to increasing the life of the product. Polycaprolactone based resins are used in electrical insulations, microfluidics, microelectronics. The use of polycaprolactone based products have accelerated the market to many extent due to its property as excellent thermal resistance, physical properties, biodegradable nature.

The resin market is one of the major consumer of polycaprolactone polyol, the valuation of resin market is valued at approximately USD 147.4 million in 2016; growing at 11.43% of CAGR during forecast period. Due to increasing focus on sportswear generally among consumers the footwear is the second largest market for the polycaprolactone polyol. The footwear industry is valued at approximately USD 72 million in 2016 and projected to grow at the CAGR of 11.38%. The automotive segment is the third largest consumer of polycaprolactone polyol, the segment is anticipated to grow at a rate of 11.28% to reach approximately USD 101.2 Million by the end of 2023, owing to the increasing automotive production in line with the decline in crude oil prices.

Regional Analysis:

Geographically, the global polycaprolactone polyol market by region is segmented into Asia Pacific, North America, Europe, Latin America and Middle East & Africa. As per MRFR analysis Asia Pacific dominated the polycaprolactone polyol market and has accounted for the largest share of 30.10% the market in 2016; expected to grow at CAGR of 11.58%. Asia Pacific market is followed by Europe and North America growing at CAGR of 11.48% and 11.28% respectively. Moreover, the products from polycaprolactone polyol are biodegradable in nature, and government initiative for biodegradable plastics in these region are expected to drive the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape analysis of key vendors.

This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Polycaprolactone Polyol Market, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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