Polyol Ester Market to Expand at a Robust CAGR of 5.1% by 2027, Globally: Persistence Market Research

  Polyol Ester Market to Expand at a Robust CAGR of 5.1% by 2027, Globally:
                         Persistence Market Research

Rising Demand for Biodegradable Lubricants Drives Polyol Ester Market

  PR Newswire

  NEW YORK, October 5, 2017

NEW YORK, October 5, 2017 /PRNewswire/ --

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 (2017-2027)," 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.

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Global Polyol Ester Market: Drivers  

Increasing demand for synthetic esters in high temperature grease

Rising demand for biodegradable lubricants

Increasing adoption of organic ester lubricants in industrial applications

Wide range of ester-based fluids with multiple properties

Increasing adoption of environmentally acceptable lubricants (eal) for vessel
general permit (vgp)

Rising demand for fuel economy in heavy-duty diesel vehicles and pcmos

Significant demand for pfms from automotive and industrial application

Rising demand for ultra-low viscosity lubricant additives

Global Polyol Ester Market: Regional Analysis

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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: Segmental Analysis  

The market is segmented into product, application and end-user segments.
Product segment consists of NPG, TMP, PE and DiPE. Among all the product
types, NPG is estimated to account for largest values share in the global
Polyol Ester market followed by TMP in 2027.

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Application segment includes automotive crankcase material, gear oils, fire
resistant hydraulic fluids, carrier fluids, food contact material,
environmentally acceptable hydraulic, fluid and lubricants, heat transfer
fluids, quenchants, breathing air compressor material, air compressor
material, vacuum pump, instrument oil, seal swellants, and textile lubricants.
Gear oils indicate the highest growth in the global level with BPS hitting
+160, while drilling fuel on the other hand is on a downward spiral with BPS
hitting as low as -30.

On the basis of end-use segment, the global polyol ester market is segmented
into food & beverage, chemical, machinery, electrical & electronics,
automotive, marine, aerospace, textile, mining, utilities, construction and
miscellaneous manufacturing. Automotive industry will see a high growth in
2027 with BPS rising by +160. Chemical industry will also see a significant
growth with BPS rising by +70. Meanwhile the mining industry will see a drop
in BPS by -50, while the Utilities industry will also see a drop by -50 BPS.

Global Polyol Ester Market Report is available @ $4900

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.

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