A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Polyol
Esters
Market. The
study, titled “Polyol
Esters Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
Polyol
Esters Market: Overview
Polyol
esters are a form of esters formed by the esterification of fatty
acids. The term ’polyol esters’ is an acronym for neopentyl
polyol esters, which are obtained by the reaction of monobasic acids
such as HNO3 and HCl along with polyhedric alcohols which have
neopentyl structure. Polyol esters are named after the alcohol which
is utilized as its starting material. Polyol esters are known to be
highly stable compounds due to their chemical structure. Their high
thermal stability enables these compounds to be employed in
applications which involve high temperatures.
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Polyol
esters possess more ester groups as compared to diesters, increasing
their viscosity, which makes them suitable to be utilized in
lubricants. Their increased viscosity coupled with superior thermal
stability make them a perfect substitute for various diesters,
specifically in the field of lubricants. Various forms of polyol
esters are available, as various acids can be reacted to obtain
polyol esters having different length of fatty acid chains. Common
types of polyol esters include trimethylolpropanes (TMPs),
pentaerythritols (PEs), neopentyl glycols (NPGs), and
di-pentaerythritols (DiPEs).
Polyol
Esters Market: Market Trends
Polyol
esters are employed extensively in jet engine lubricants. Polyol
esters are being utilized in this field for the last 40 years. No
other compound has been used as its substitute since it would affect
the lubricity, and this is likely to eventually hamper the working of
the component. Polyol esters are employed along with Polyalphaolefin
(PAO) Synthetic Oils in passenger car motor oils. Polyol esters are
utilized as synthetic refrigeration lubricants in industries. Other
applications of polyol esters include fire resistant transformer,
high temperature grease, textile lubricants, and fire resistant
hydraulic fluids.
Superior
qualities of polyol esters such as thermal stability, high lubricity,
and better viscosity makes them a sought-after compound. Rise in
population in developing countries and their demand for better
transport facilities and automotive sector are key factors driving
the expansion of the market of polyol esters. Furthermore, the
simultaneous expansion of the automotive industry is anticipated to
increase the demand for polyol esters as lubricants in the near
future, which is projected to boost the expansion of the market in
the near future. However, higher price tag of polyol esters as
compared to other diesters may prove to be a major restraint for the
market of polyol esters in the near future.
Polyol
Esters Market: Region-wise Outlook
Asia
Pacific is a prominent and rapidly expanding market for polyol
esters. The major reason for the development of the polyol esters’
market in Asia Pacific is due to increase in domestic usage in the
automotive as well as industrial sector. The market in Europe is
developed since the utilization of synthetic lubricants has increased
over the last few years, making it a potential market during the
forecast period. The scope for expansion of the market in North
America is considered to be high due to its demand in industries and
the automotive sector.
The
expansion of the market in Middle East & Africa is considerable
due to the expansion of the automotive sector in the region.
Expansion of the polyol esters market in Latin America is slow as
compared to other regions due to presence of limited industries and
manufacturing units which are likely to require lubricants.
Polyol
Esters Market: Key Players
Key
players operating in the global market for polyol esters include
INOLEX, Purinova Sp. z oo, Ultrachem Inc., Calumet Specialty Products
Partners, L.P., Vantage Performance Materials, KLK OLEO, Dow Chemical
Company, Huntsman Corporation, Chemtura Corporation., and Shell
Chemicals Ltd.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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