Caprolactone Market Size & Share, by Type (99.5% Purity, 99.9% Purity), Application (Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 3836
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Caprolactone Market size was valued at USD 296.87 million in 2024 and is set to exceed USD 689.77 million by 2037, registering over 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of caprolactone is evaluated at USD 329.55 million.

The growth of the market can be attributed to the increasing number of infrastructural activities across the globe. On the account of increasing population, there is a need for more infrastructure, which increases the demand for caprolactone in this sector. For instance, caprolactone is used in various infrastructural sectors as a raw material or additive, this as a result is expected to add to the market growth. According to recent data, India's infrastructure output climbed around 7% over the previous year in January 2023.

 In addition to these, factors that are believed to fuel the market growth of caprolactone include the rise in demand for coatings and adhesives. For instance, coatings and adhesives are utilized in various industries such as automotive, construction, and electronics. Additionally, the growing technological advancements in caprolactone production are predicted to present the potential for market expansion over the projected period.


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Caprolactone Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Medical Sector –  One of caprolactone's most significant uses in the medical sector is the production of biodegradable sutures. Therefore, On account of the increasing healthcare awareness across the globe, the market is expected to expand more in the upcoming years. In the UK, healthcare spending increased by over 15% in 2020.
  • Rising Demand for Biodegradable Polymers – Caprolactone is used as a raw material for the production of biodegradable polymers, as a result, is estimated to drive market growth. Between 2018 and 2023, the global demand for biodegradable plastics was anticipated to rise by over 8% annually.
  • Increasing Construction Sector – On the account of rising urbanization and growing household income in emerging economies, the market is expected to expand more in the upcoming years. According to the most recent expenditure data, in India, construction spending was anticipated to rise by over 10% in 2022.
  • Surging Demand for Electrical Appliances – It is expected that the rising population across the globe has led to an increase in the demand for electrical appliances. Further, polyurethane-based foams, which are utilized for thermal and acoustic insulation in a variety of electronic applications, are made from basic materials including caprolactone, which is anticipated to drive market growth. It was discovered that consumer electronics sales in India increased by more than 8% in 2022.

Challenges

  • Toxic Nature of Caprolactone - The increasing concern amongst individuals for the high toxicity of caprolactone is one of the major factors predicted to slow down the market growth. For instance, caprolactone can cause skin irritation, and allergic reactions, if inhaled or ingested.
  • Fluctuating Prices of Raw Materials such as Cyclohexanone and Hydrogen
  • Availability of Alternative Materials

Caprolactone Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.7%

Base Year Market Size (2024)

USD 296.87 million

Forecast Year Market Size (2037)

USD 689.77 million

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Caprolactone Segmentation

Type (99.5% Purity, 99.9% Purity)

The global caprolactone market is segmented and analyzed for demand and supply by type 99.5% purity and 99.9% purity. Out of the two types, the 99.5% purity segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the growing surgical procedures.  Caprolactone which is 99.5% pure is a high-quality substance acceptable for use in medical equipment, such as surgical sutures. Owing to their biodegradability, caprolactone-based sutures have grown in popularity. These sutures have a number of benefits as they are composed of materials including silk or nylon. In addition, they deteriorate more reliably over time and are less prone to induce an inflammatory reaction. Further, the patient may experience a more comfortable healing process as a result, and the final results may be better. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years. As per data, to address the surgical demands of the Indian population, over 3000 procedures were performed yearly as of 2021.

Application (Polycaprolactone, Acrylic Resin Modified, Polyesters Modified, Epoxy Resin Modified)

The global caprolactone market is also segmented and analyzed for demand and supply by application into polycaprolactone, acrylic resin modified, polyesters modified, epoxy resin modified, and others. Amongst these five segments, the epoxy resin-modified segment is expected to garner a significant share. The growth can be attributed to growing applications of epoxy resin modified in the aerospace and recreation industries Epoxy resins are utilized in the aerospace sector to create components for engines as well as wings and fuselages for airplanes. Besides that in fields where dependability and performance are crucial, such as the production of sports equipment, automobiles, and aircraft, their greater flexibility and impact resistance make them a preferred option. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

    By Type

  • 99.5% Purity
  • 99.9% Purity

     By Application

  • Polycaprolactone
  • Acrylic Resin Modified
  • Polyesters Modified
  • Epoxy Resin Modified
  • Others

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Caprolactone Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific industry is poised to hold largest revenue share of 36% by 2037. The growth of the market can be attributed majorly to the rising building and construction sector in the region. In countries such as China, India, and Indonesia in particular, there is a growing need for houses, companies, and infrastructure including roads, bridges, and airports, which has raised the demand for caprolactone in the region. Caprolactone is mostly utilized as a raw ingredient in this sector to make polyols and polyurethane resins. For instance, insulation, adhesives, sealants, and coatings are just a few of the many uses for polyurethane resins in the construction sector. In addition, polyurethane resins based on caprolactone have outstanding physical and chemical characteristics, including great durability, flexibility, and resistance to chemicals and weathering. Further, the rising number of government initiatives to build smart cities is also anticipated to contribute to market growth in the region. According to recent estimates, the construction market in China is projected to rise by over 8% in 2022.

North American Market Forecast

The North American caprolactone market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the growing medical industry. The demand for caprolactone in the region is rising owing to its biocompatibility, biodegradability, versatility, and variety of applications in healthcare.  For instance, the creation of biodegradable sutures is one of caprolactone's most significant uses in the healthcare sector. Further, the surging infrastructural development, and growing investments to conduct research and development activities in the chemicals industry are also anticipated to contribute to the market growth in the region.  

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the significant growth of the industrial and chemical industries in wealthy nations including the United Kingdom, France, and Germany. For instance, an increase in demand for caprolactone is one of the main results of expanding the chemical sector. Caprolactone is used to make a variety of goods, including coatings, adhesives, and elastomers, and demand for it is predicted to rise as the chemical industry expands. Further, the growing construction industry in the region is also anticipated to contribute to the market growth in the region.

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Companies Dominating the Caprolactone Landscape

    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Daicel Corporation
    • Perstorp AB
    • Merck & Co., Inc.
    • Leschaco Japan K.K.
    • ITOCHU Chemical Frontier Corporation
    • Solvay S.A.
    • Santa Cruz Biotechnology, Inc.
    • Esun International Co., Ltd.
    • Tokyo Chemical Industry

In the News

  • Daicel Corporation teamed up with Gantrade Corporation to offer an extensive range of polycaprolactone, polycarbonate, polyether, and polyester polyols, as well as chain extenders, curatives, and other polyurethane intermediates. Further, the partners are contributing their specialized knowledge to capitalize on synergies within their own portfolios of urethane intermediates.

  • Leschaco Japan K.K. announced the acquisition of the operations of Colombia's Caltrans S.A.S., a logistics service provider. The acquisition is anticipated to support commercial operations in one of South America's most promising economies.

Author Credits:  Rajrani Baghel


  • Report ID: 3836
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of caprolactone is evaluated at USD 329.55 million.

The caprolactone market size was valued at USD 296.87 million in 2024 and is set to exceed USD 689.77 million by 2037, registering over 6.7% CAGR during the forecast period i.e., between 2025-2037. Rising demand for biodegradable polymers and the increasing construction sector will boost the market growth.

Asia Pacific industry is poised to hold largest revenue share of 36% by 2037, attributed to rising building and construction sector in the region.

The major players in the market are BASF SE, Daicel Corporation, Perstorp AB, Merck & Co., Inc., Leschaco Japan K.K., ITOCHU Chemical Frontier Corporation, Solvay S.A., Santa Cruz Biotechnology, Inc., Esun International Co., Ltd., Tokyo Chemical Industry
Caprolactone Market Report Scope
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