POLYCAPROLACTONE MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Rising demand for polycaprolactone from medical applications is expected to augment the market growth of polycaprolactone. Polycaprolactone is widely used in the production of drug delivery devices, suture, injection-molded devices, general-purpose tubing and surgical drapes. Moreover, polycaprolactone is also gaining demand from dentistry application such as dental splints and root canal filling which is further expected to fuel the market growth of polycaprolactone.

Growing application of PCL in 3-D printing technology as polycaprolactone filament is used in the printing technology is expected to fuel the market growth. Polycaprolactone filament can be easily extruded and offer accurate diameter (0.05mm to 3mm) as it has a stable melting point (600 C) and provide no bubble formation. All these factors are propelling the demand for polycaprolactone from 3-D printing technology, in turn propelling the market growth.

Market Restraints

Lack of product awareness and its benefits are expected to hinder the market growth. Most of the manufacturers do not prefer polycaprolactone in medical devices because of its low load-bearing and a slow rate of degradation is also expected to hinder the market growth of polycaprolactone. As such potential users are using other low priced alternative products which is again hindering the market growth.

The low adoption rate of polycaprolactone due to the high cost of production with a high price is expected to hinder the market growth of polycaprolactone over the forecast period. Moreover, strict rules and regulations against the usage of polycaprolactone products across a few industries are projected to hinder the market growth over the forecast period.

Market Opportunities

Rising application of polycaprolactone from the construction industry where it has wide application across residential and commercial places is expected to fuel the market growth. Polycaprolactone is widely used as noise insulation material in constructing the wall, roofs, doors, and windows. Therefore, the growing demand for polycaprolactone from the construction industry as insulation material will favor market growth over the forecast period.

Increasing the application of polycaprolactone from the electronics industry will foster market growth over the forecast timeframe. The growing need for seal and encapsulate pressure-sensitive microelectronic components due to the need for resistance against extreme temperature in the electronic product is raising the demand for polycaprolactone. Moreover, rising transportation of industrial products, delicate glassware, and medical devices is further expected to fuel the market growth.