Polycaprolactone (PCL) is a fossil-based, semi-crystalline, and biodegradable polyester with the molecular formula (C6H10O2)n. Its molecular weight and crystallinity are inversely proportional to each other, i.e. its crystallinity tends to decrease with any increase in its molecular weight. On exposure to moisture, heat, and microorganisms, PCL can naturally break down into organic components.
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).
Polycaprolactone has exceptional properties such as better biocompatibility, biodegradability, non-toxicity, low viscosity, and the ability to melt easily, among others. PLC is produced chemically from crude oil and can be degraded by aerobic and anaerobic microorganisms.
Polyurethanes based on polycaprolactone are widely used in coatings, adhesives, sealants, and elastomers. These factors will continue to support the growth of the global polycaprolactone market in the coming years.
The growth of the polycaprolactone market is influenced by a variety of factors. Polycaprolactone is a very appealing compound in the category of biodegradable polyesters. Polycaprolactone is used in the production of thermoplastic polyurethane, which is then used in a variety of end-user industries.
The main reason for the use of polycprolactone as a raw material in the synthesis of thermoplastic polyurethane is its superior properties, which include better hydrophobic characteristics, resistance to oil and grease, wear resistance, chemical resistance, UV-resistance, gloss, adhesion, and low temperature flexibility.
Furthermore, the biodegradable nature of polycaprolactone encourages its use in a variety of healthcare-related applications such as implants, orthopaedics, drug delivery, wound dressing, and so on.
Key players operating in global polycaprolactone market are Perstorp Holding A.B., BASF SE, Diacel Corporation, Sigma-Aldrich Corporation, Durect Corporation, Corbion Purec, Shenzen Esun Industries Co. Ltd., and Haihang Industries Co. Ltd.
No comments:
Post a Comment