What is Global Caprolactone Market?
The Global Caprolactone Market is a vast and dynamic sector that deals with the production, distribution, and consumption of caprolactone, a chemical compound used in various industries. This market is a significant part of the global economy and plays a crucial role in the development of numerous sectors. Caprolactone is a versatile compound that is used in the production of various products, including polycaprolactone, acrylic resin modified, polyesters modified, epoxy resin modified, among others. The market's value was estimated at US$ 248.8 million in 2022, and it is projected to reach US$ 276.5 million by 2029. This growth is attributed to the increasing demand for caprolactone in various industries, including the manufacturing and construction sectors. Europe is the leading market for caprolactone, accounting for about 50% of the global market, followed by Japan, which accounts for about 20%. The market is dominated by Perstorp, which holds about 60% of the global market share. Despite the challenges posed by the COVID-19 pandemic, the Global Caprolactone Market has shown resilience and is expected to continue growing in the coming years.
99.5% Purity, 99.9% Purity in the Global Caprolactone Market:
The Global Caprolactone Market is segmented based on purity levels, with 99.5% Purity and 99.9% Purity being the main segments. These purity levels are crucial as they determine the quality and effectiveness of the caprolactone produced. The 99.5% Purity segment is the most common in the market, as it offers a balance between quality and cost-effectiveness. On the other hand, the 99.9% Purity segment is preferred in industries that require high-quality caprolactone, such as the pharmaceutical and cosmetics industries. The demand for these purity levels is driven by various factors, including the increasing demand for high-quality products, the advancement in production technologies, and the stringent regulations regarding the quality of chemical compounds.
Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified, Others in the Global Caprolactone Market:
Caprolactone is used in various areas, including the production of polycaprolactone, acrylic resin modified, polyesters modified, epoxy resin modified, among others. Polycaprolactone is a biodegradable polyester that is used in various applications, including the production of medical devices, drug delivery systems, and tissue engineering scaffolds. Acrylic resin modified with caprolactone is used in coatings, adhesives, and sealants, offering improved adhesion, flexibility, and durability. Caprolactone-modified polyesters are used in the production of high-performance coatings, offering excellent weather resistance, gloss retention, and corrosion resistance. Epoxy resin modified with caprolactone is used in the production of high-performance adhesives, sealants, and coatings, offering improved flexibility, toughness, and chemical resistance.
Global Caprolactone Market Outlook:
The Global Caprolactone Market's outlook is promising, with the market expected to grow from US$ 248.8 million in 2022 to US$ 276.5 million by 2029, registering a CAGR of 1.5% during the forecast period. Europe is the leading market for caprolactone, contributing about 50% to the global market, followed by Japan, which contributes about 20%. The market is dominated by Perstorp, which holds about 60% of the global market share. This growth is driven by the increasing demand for caprolactone in various industries, the advancement in production technologies, and the stringent regulations regarding the quality of chemical compounds.
| Report Metric | Details |
| Report Name | Caprolactone Market |
| Accounted market size in 2023 | US$ 248.8 million |
| Forecasted market size in 2030 | US$ 276.5 million |
| CAGR | 1.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Perstorp, Daicel, BASF |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
