The global Polycaprolactone Polyol Market is projected to reach USD 700 million by 2030. The promising market will flourish during the forecasted period of 2016 to 2030 at an 11.28 % CAGR.
Polycaprolactone Polyol is a distinctive polyester polyol characterized by solid resistance, hydrolytic stability, resistance to tear and cut, and high tensile strength. These elements also have solvent and fuel-resistant features. Due to the high molecular weight coupled with low viscosity, polycaprolactone polyol has high application in various industries and sectors. Some of the most common industries with high demand for polycaprolactone polyol include automotive, pharmaceuticals and footwear. The preparation of these polyols involves the polymerization process. This process involves the chemical combination of smaller molecules to develop larger molecules.
The competition level in the market has increased as it supports sustainable development across industries and sectors. Many companies have adopted strategies like mergers, acquisitions and alliances for synergizing and gaining a competitive edge in the market.
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During the forecasted period, the biodegradable nature of the component is expected to expand the demand in the Polycaprolactone Polyol Market. As several regulatory bodies have approved the application of the polycaprolactone polyol compound for various purposes, it can boost the market performance further. The introduction of stringent policies and regulations relating to environmental sustainability will further positively impact the industry at the global level.
The major segments into which the global Polycaprolactone Polyol Market has been divided include applications and end-users.
Based on application, the market is further categorized into adhesives, foam, coating elastomer and others. During the forecasted period, the coating elastomer is expected to showcase solid market performance owing to increased wall paintings in renovated and newly-constructed spaces. Based on end-users, the market has been fragmented into footwear, automotive, printing, pharmaceutical, commodity, etc. The automotive segment is expected to contribute to the solid performance of the industry during the forecasted period owing to the robust properties of the compound.
Based on geographical segmentation, the global Polycaprolactone Polyol Market can be broken down into several regional segments such as Europe, Asia Pacific, North America, Latin America, Middle East and Africa. The Asia Pacific market is expected to witness the highest growth during the forecasted timeframe. The performance can be attributed to factors such as the rapid development and expansion of the end-user market and the high application of polycaprolactone polyol to create sustainable lifestyle products. The European market segment is also expected to demonstrate decent performance in the future, owing to the surge in the consumption of adhesive-based products and coating products. Some of the major countries that will play a critical role in boosting the performance of the geographical region are the United Kingdom and Germany.
List of Key Players Covered in the Report
May 2022 – Perstorp Holdings A.B., which has a reputation as a leading sustainability-driven global specialty chemicals business, announced that it would be acquired by PETRONAS Chemicals Group Berhad (PCG). This decision has been taken as Perstrop is considered to be a perfect strategic fit for PCG. This acquisition can enable PCG to participate in promising end-user markets like construction, paints and coating, etc.
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