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Polycaprolactone Market impressive growth rate will be stimulated by healthcare application by 2024

Author : Ronak Bora | Published Date : 2019-05-07 

Global Market Insights recently added a detailed Polycaprolactone Market research study across the global, regional and country level. The report provides 360° analysis from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global market and estimates the future trend of the industry based on this detailed study.

Based on application, the healthcare segment is expected to expand at the fastest CAGR during the forecast period. Growth of the segment is mainly driven by augmented adoption of polycaprolactone in manufacturing of drug delivery devices. Increasing demand of polyurethane derived from polycaprolactone owing to rising need for wound dressing, hospital bedding, injection-molded devices, general purpose tubing and surgical drapes will stimulate the polycaprolactone market growth. Growing demand from dentistry application including dental splints and root canal filling will enhance segment growth.

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Hydrophobicity, molecular weight distribution, and low viscosity are among the major properties driving polycaprolactone Market growth. Increased application of polycaprolactone and its copolymers in the production of thermoplastic polyurethane (TPU), polyurethane (PU) and polyols will drive the industry demand. Coatings, adhesive, sealants and elastomers supporting are major applications fueling industry growth.

Enhanced application in controlled drug release and long-term implants will drive the market growth. Approval from the FDA for use of polycaprolactone in applications such as sutures and drug delivery will open new opportunities for industry expansion. Increased demand of polyurethane from healthcare industry will drive the product demand. Lowering of cost and increased biodegradability provided by starch and other organic fillers when mixed with PCL will positively fuel product demand in healthcare sector.

On the basis of type, polycaprolactone market is segmented as Pellets, Nanosphere and Microsphere. Pellets are expected to witness substantial growth in the forecast period. Upsurge in production of filament, plastics and 3D printer extruder will endure polycaprolactone pellets demand. Increased use of PCL microspheres for drugs encapsulation to obtain the desired release characteristics will drive the demand of microsphere. Nanospheres are colloidal drug delivery systems for drugs or other active molecules, with size ranging between 10 and 1000 nm. Increased demand of nanospheres for selective targeting through reticuloendothelial system to liver and cells will propel the segment demand.

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North America polycaprolactone market is anticipated to grow at faster pace owing to high demand from surgical equipment, biodegradable products and supplies. Increase product usage in modeling, splinting and as feedstock for prototyping systems will drive the product demand in the coming years. Asia pacific is the major market owing to China emerging as key manufacturer of the polycaprolactone material for adhesive and plastic industries. Growing consumption of the PCL for manufacturing surgical equipment and melting plastic industries from China, Japan and India will drive regional industry demand.

Global major industry players include Perstorp, Daicel, Esun, BASF SE, Durect Corporation, Sigma-Aldrich Corporation, Shenzhen Esun Industries and Corbion Purac.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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