Caprolactone Market Size

Caprolactone Market size was valued at USD 278.23 Million in 2023 and is expected to exceed USD 638.63 Million by 2036, expanding at over 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of caprolactone is evaluated at USD 295.46 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.