Market Insights:
The market for
Global Polycaprolactone Polyol Industry
has been increasing tremendously, specifically in Asia Pacific Region growing
at CAGR of 11.58% during the forecast period, owing to rise in the populations
in this region resulting to increasing in demand for resins, footwear industry.
Additionally, automotive industry growth typically follows the growth of these
key end markets. The demand from polycaprolactone polyol based polyurethane
resin is increasing day by day in world due to the governments initiative for
biodegradable plastics and rising environmental regulations in lowering carbon
emissions and greenhouse gases. Europe is the second largest consumer of
polycaprolactone polyol growing at CAGR of 11.48%, Europe is major consumer
especially in terms of foam, coating and adhesive based application products.
In addition, Europe is followed by North America which is growing at CAGR of
11.18%.
The
coating-based application of polycaprolactone polyol are leading in North
America. The biodegradable nature of the polyol-based resins and the coating
applications that increase the life of the product are the major market driving
factor for the Polycaprolactone Polyol
Industry. The competition from petroleum-based polyols are the restraining
factor for the market. Moreover, according to market research, there is a
tremendous opportunity for new comers of polycaprolactone polyol manufacturers
to collaborate and expand the business to fulfil the demand in this sector.
Key Findings:
The Global Polycaprolactone Polyol Industry is projected
to reach USD 791.4 million by 2023 with 11.28% CAGR during review period of
2016-2023. Asia-Pacific accounted for largest share due to growing end user
industries in this region. Polycaprolactone Polyol Industry is
consolidated in the developed regions owing to strong government support for
innovating and developing biodegradable polymers for sustainable lifestyle
whereas, in the developing regions the market is fragmented with dominance of
small manufacturer from the Asia-Pacific region.
Global Key Players:
Ø Perstrop Holdings A.B.
Ø BASF SE
Ø Daicel Corporation
Ø Sigma Aldrich, Shenzhen Esun Industrial
Co., Ltd
Ø Gantrade Corporation
Ø Huntsman International LLC
Industry Segmentation:
The Polycaprolactone
Polyol Industry is segmented on the basis of Application, End User and
Region. Based on application, Polycaprolactone Polyol Industry 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.
Regional
Analysis:
The Global Polycaprolactone Polyol Industry 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.
Intended Audience:
- 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.
Browse Full Report@ https://www.marketresearchfuture.com/reports/polycaprolactone-polyol-market-4040
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