The global polyol ester market is expected to see a significant growth in the coming
years and witness significant growth between 2017 and 2027. The manufacturers and
suppliers play a significant role in catering the need of the consumers by
strengthening the supply chain, particularly in regions, such as APAC, Europe, and
North America. According to the new report of Persistence Market Research titled,
“Polyol Ester Market: Global Industry Analysis (2012-2016) and Forecast (20172027),” which tracks the performance of the global polyol ester market for the
projected period of 10-years, suppliers are catering to specific requirements of polyol
esters manufacturers, while adhering to high quality standards of production. Global
Polyol Ester market is estimated to be valued at US$ 3,870.6 Mn by 2016 and is
expected to expand at a CAGR of 5.1% over the forecast period.
Ester lubricants such as phosphate esters, complex esters, and silicate esters deliver
excellent lubricating and safety properties; however, various turbine such as ElectroHydraulic-Control (EHC) users, and food processing equipment users struggle with
the maintenance of ester lubricants. Ester lubricant maintenance require expensive
tools and equipment. Outdated or incorrect EHC fluid maintenance equipment used
in industrial and aviation applications, costs hundreds of millions of dollars, which
restrains manufacturers of synthetic lubricants to produce ester lubricants in bulk.
Food grade lubricants conform to NSF International’s requirements of H-1 for
finished lubricants and HX-1 for additives used in food grade and industrial
application formulations. The HX-1 standard is not specific to any application, and
hence, all lubricants designed for application -food grade or industrial - are included
in the same category. These applications range from high viscosity gear oils to lower
viscosity compressor oils. Also, the food grade lubricants industry is facing various
restrictions on the amount of additives allowed to be used in combination with other
chemistries.
Global Polyol Ester Market: Regional Analysis
Five regions have been covered in this report, such as North America, Latin America,
Europe, APAC, and MEA. Asia Pacific generates a high revenue owing to the varied
applications of polyol ester across different industry verticals. The price of polyol
esters is steadily increasing in Japan, China, and India, as they have emerged as the
fastest growing markets for end-user industries of polyol esters. These countries also
happen to be the largest producers of pentaerythritol and neopentyl glycol and are all
open for globalization. With the increased demand and governments emphasizing on
developing trade relations, the price of these products have gone higher and will
continue to grow. The polyol ester industry in Asia Pacific has a substantial growth
potential. The automotive industry in China has seen a strong penetration of synthetic
lubricant as compared to global standards. In terms of lubricants, the market scenario
is not technologically advanced, and a lot of these materials are imported to cater to
the unmet domestic demand.
Global Polyol Ester Market: Key Players
Calumet Specialty, Huntsman Corp, Dow Chemical, Shell Chemical, Exxon
Mobil, LANXESS, Perstrop, Inolex, and Purinova are some of the key players
operating in the global polyol ester market.
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/polyol-ester-market/toc
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