What is Global ε-Caprolactone Market?
The Global ε-Caprolactone Market is a specialized sector that focuses on the production and distribution of ε-Caprolactone, a cyclic ester and a monomer used in the manufacture of highly specialized polymers. This market is a significant part of the global chemical industry and plays a crucial role in various applications due to the unique properties of ε-Caprolactone. The market is characterized by the presence of several key players who are engaged in the production of ε-Caprolactone with varying degrees of purity. The market dynamics are influenced by various factors such as technological advancements, demand and supply dynamics, and the regulatory environment in various regions.
99.5 % Purity, 99.9% Purity in the Global ε-Caprolactone Market:
The Global ε-Caprolactone Market is segmented based on the purity of ε-Caprolactone, primarily into 99.5% Purity and 99.9% Purity. The 99.5% Purity segment comprises ε-Caprolactone that has a purity level of 99.5%, making it suitable for a wide range of applications in various industries. On the other hand, the 99.9% Purity segment includes ε-Caprolactone with a purity level of 99.9%, which is used in highly specialized applications that require a high degree of purity. The demand for both these segments is driven by their respective applications and the requirements of the end-use industries.
Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified, Others in the Global ε-Caprolactone Market:
The Global ε-Caprolactone Market finds extensive usage in several areas such as Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified, among others. In Polycaprolactone, ε-Caprolactone is used as a building block to produce polycaprolactone, a biodegradable polyester with a wide range of applications. In Acrylic Resin Modified, ε-Caprolactone is used to modify acrylic resins, enhancing their properties and making them suitable for various applications. Similarly, in Polyesters Modified, ε-Caprolactone is used to modify polyesters, improving their characteristics and expanding their usage. In Epoxy Resin Modified, ε-Caprolactone is used to modify epoxy resins, enhancing their properties and making them more versatile.
Global ε-Caprolactone Market Outlook:
The future of the Global ε-Caprolactone Market looks promising, with the market size expected to grow from US$ 248.8 million in 2022 to US$ 276.7 million by 2029, registering a CAGR of 1.5% during the forecast period 2023-2029. The market is dominated by Perstorp, which holds a significant market share of about 60%. The growth of the market is expected to be driven by the increasing demand for ε-Caprolactone in various applications and the continuous efforts of the key players to enhance their production capabilities.
| Report Metric | Details |
| Report Name | ε-Caprolactone Market |
| Accounted market size in 2022 | US$ 248.8 million |
| Forecasted market size in 2029 | US$ 276.7 million |
| CAGR | 1.5% |
| 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 | Perstorp, Daicel, BASF |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
