The global polycaprolactone market size reached USD 668.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,420.0 Million by 2033, exhibiting a growth rate (CAGR) of 8.7% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 668.0 Million |
Market Forecast in 2033
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USD 1,420.0 Million |
Market Growth Rate 2025-2033 | 8.7% |
Polycaprolactone (PCL) is a fossil-based, biodegradable and semicrystalline polyester used for thermal processing and 3-Dimensional bioprinting. It is commonly available in the form of pellets, nanospheres and microspheres, which are non-toxic in nature and breaks down into organic components upon exposed to heat, moisture and microorganisms. It is produced using ring-opening polymerization and polycondensation of carboxylic acid methods and exhibit high solubility in organic solvents and low melting point. PCL is commonly used as an additive in resins and for manufacturing jewelry and models and prototypes of products, medical devices, automotive components and construction materials. It is also widely utilized for the production of coatings, adhesives, sealants and elastomers.
Significant growth in the medical industry across the globe is one of the key factors creating a positive outlook for the market. PCL is widely used for the manufacturing of medical-grade orthopedic, dental and surgical implants, drug delivery devices, wound dressing tapes, tissue engineering and regenerative medicine systems. Moreover, the widespread adoption of PCL in the formulation of thermoplastic polyurethane is providing a thrust to the market growth. It exhibits superior hydrophobic properties, resistance to oil, chemical and ultraviolet (UV) rays. It is also used as a polymeric plasticizer to polyvinyl chloride (PVC) to increase its elasticity. Additionally, various product innovations and the utilization of PCL in the construction industry as a noise insulation material for walls, roofs, doors and windows are acting as other growth-inducing factors. In line with this, the rising demand for environment-friendly and cost-effective materials for sealing and encapsulating pressure-sensitive microelectronic components is anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global polycaprolactone market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on form, production method and application.
Breakup by Form:
Breakup by Production Method:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry, Merck KGaA, Perstorp Holding AB, Polysciences Inc, Shenzhen Esun Industrial Co.Ltd and Shenzhen Polymtek Biomaterial Co. Ltd.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Segment Coverage | Form, Production Method, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry, Merck KGaA, Perstorp Holding AB, Polysciences Inc, Shenzhen Esun Industrial Co.Ltd and Shenzhen Polymtek Biomaterial Co. Ltd. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global polycaprolactone market was valued at USD 668.0 Million in 2024.
We expect the global polycaprolactone market to exhibit a CAGR of 8.7% during 2025-2033.
The rising demand for polycaprolactone across the medical industry to manufacture medical-grade orthopedic, dental, and surgical implants, drug delivery devices, wound dressing tapes, etc., is primarily driving the global polycaprolactone market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for polycaprolactone.
Based on the form, the global polycaprolactone market can be categorized into pellets, nanosphere, and microsphere. Currently, pellets account for the majority of the global market share.
Based on the production method, the global polycaprolactone market has been segregated into ring opening polymerization and polycondesation of carboxylic acid, where ring opening polymerization currently holds the largest market share.
Based on the application, the global polycaprolactone market can be bifurcated into coating and thermoplastic polyurethane, healthcare, and others. Currently, coating and thermoplastic polyurethane exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global polycaprolactone market include BASF SE, Corbion N.V., Daicel Corporation, Haihang Industry, Merck KGaA, Perstorp Holding AB, Polysciences Inc, Shenzhen Esun Industrial Co.Ltd, and Shenzhen Polymtek Biomaterial Co. Ltd.