POLYCAPROLACTONE MARKET ANALYSIS
The global polycaprolactone market is projected to reach around US$ 402.7 million by the end of 2027, in terms of revenue, growing at CAGR of 11.2% during the forecast period (2019-2027).
Market Trends
The growing focus of developing new technologies for producing polycaprolactone among scientists is expected to gain major traction in the market and this is expected to fuel the market growth. For instance, in December 2019, Scientists from the University of Silesia in Katowice developed a method of synthesis that allows producing chemically pure polycaprolactone (PCL-u). This technology offer producer to obtain PCL with desired properties.
Major players are highly involved in making their footprint in the polycaprolactone market is trend is expected to accelerate the market growth over the forecast period. For instance, in December 2018, Ingevity Corporation announced it has reached an agreement with Perstorp Holding AB to acquire the CapaTM caprolactone division of Perstorp in a cash transaction valued at approximately US$ 641.6 million.
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