What is Global Polycaprolactone Diol Market?
The Global Polycaprolactone Diol Market is a specialized sector within the chemical industry that focuses on the production and distribution of Polycaprolactone Diol, a type of polyester that is commonly used in the manufacturing of polyurethanes. This market has a global reach, with key players operating in various regions around the world. The market is driven by the increasing demand for Polycaprolactone Diol in various applications such as resins, coatings, elastomers, adhesives, and medical devices. The market's value was estimated at US$ 97.3 million in 2022, and it is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.9% from 2023 to 2029, reaching a value of US$ 146 million. The market is dominated by a few key players, with Ingevity being the largest manufacturer, holding a market share of nearly 64%. Other significant players include Daicel and BASF, holding market shares of 18% and 11% respectively. The Asia Pacific region is the largest consumer of Polycaprolactone Diol, accounting for nearly 38% of the global market share. The primary application of Polycaprolactone Diol is in the production of resins and coatings, which account for about 40% of the market share.
Resins & Coatings, Elastomers, Adhesives, Medical Devices, Others in the Global Polycaprolactone Diol Market:
The Global Polycaprolactone Diol Market finds its usage in various areas such as Resins & Coatings, Elastomers, Adhesives, Medical Devices, and Others. In the Resins & Coatings sector, Polycaprolactone Diol is used due to its excellent hardness and durability. It provides a high-quality finish to the products and is resistant to various environmental factors, making it ideal for use in coatings. In the Elastomers sector, Polycaprolactone Diol is used due to its superior elasticity. It provides the products with the ability to return to their original shape after being stretched or deformed, making it ideal for use in elastomers. In the Adhesives sector, Polycaprolactone Diol is used due to its excellent adhesion properties. It forms a strong bond with the surfaces it is applied to, making it ideal for use in adhesives. In the Medical Devices sector, Polycaprolactone Diol is used due to its biocompatibility. It does not cause any adverse reactions when in contact with the human body, making it ideal for use in medical devices. Lastly, in the Others sector, Polycaprolactone Diol is used in various other applications where its unique properties are beneficial.
Global Polycaprolactone Diol Market Outlook:
The Global Polycaprolactone Diol Market has shown significant growth in recent years, with a market value of US$ 97.3 million in 2022. This value is expected to increase to US$ 146 million by 2029, representing a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period of 2023-2029. The market is dominated by Ingevity, which holds a market share of nearly 64%. Other significant players include Daicel and BASF, with market shares of 18% and 11% respectively. The Asia Pacific region is the largest consumer of Polycaprolactone Diol, accounting for nearly 38% of the global market share. The primary application of Polycaprolactone Diol is in the production of resins and coatings, which account for about 40% of the market share.
| Report Metric | Details |
| Report Name | Polycaprolactone Diol Market |
| Accounted market size in 2022 | US$ 97.3 million |
| Forecasted market size in 2029 | US$ 146 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Ingevity, Daicel, BASF, Juren, Global Other |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
