The global production of caprolactone was forecast to rise at a moderate CAGR of 5.19% between 2013 and 2017. In 2017, it increased to 86.4 k tons from 67.7 k tons touched in 2013.
The report comes out as a powerful guideline for individuals and companies as it provides statistical and other crucial data on the current market status and other important aspects. It offers deep analysis of marketing channels and industry development trends. It also focuses on major producers while providing their contact information, market shares, sales data, product specifications, and company profiles.
Global Caprolactone Market: Drivers
Caprolactone finds application in various industry verticals such as industrial coatings, adhesives and sealants, and polyurethane elastomers because it is a specialty intermediate. It is used to improve the performance of end products by modifying polymers and resins. It is also used to modify polyurethanes, epoxy resins, polyesters, and acrylic resins. Some of the rare applications of caprolactone is as a solvent (for instance, vinyl resins) and reactive diluent.
37% of the total quantity of caprolactone produced is sold to downstream customers, whereas 63% of it is used onsite to produce polymers such as polycaprolactone.
Global Caprolactone Market: Forecast by Product and Application
On the basis of product, the global caprolactone market sees a classification into 99.9% purity and 99.5% purity.
By application, the global caprolactone market is classified into epoxy resin modified, polyesters modified, acrylic resin modified, polycaprolactone, and others.
All of the segments are closely looked into as the analysts shed light on their market share, price, production, value, and other significant factors.
Global Caprolactone Market: Forecast by Region
Followed by Japan, Europe was the largest market for caprolactone in 2017. In terms of consumption, the U.S., Japan, and the U.K. are the top countries of the world.
The report classifies the global caprolactone market into the MEA, Central and South America, Southeast Asia, India, Japan, China, Europe, and North America. As per the findings of the report, emerging economies are predicted to show faster growth while developed ones an impressive rise in the market.
Global Caprolactone Market: Key Players
BASF and Daicel are some of the leading players of the global caprolactone market. However, Perstorp is a world leader that accounted for a production share of 60.37% in 2017. Along with Daicel, it is also a major downstream customer. Both the companies use ε-caprolactone as a raw material for downstream products.
Key producers of caprolactone are mainly concentrated in Japan, the U.S., and Europe. As per the report, there are some competition problems existing in the market. However, investors have remained optimistic about the situation because of the global recovery trend.
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