Market Insights:
The market for
Global Polycaprolactone Polyol Market 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 market. 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 Market 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 market 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 global Polycaprolactone
Polyol Market
is segmented on the basis of
Application, End User and Region. Based on application, polycaprolactone polyol
market 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 Market 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.
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