Polyol Ester Market to Hit US$ 8.17 Billion with 5.1% CAGR by 2034: Fact.MR Report

Market Benefiting from Superior Lubricity and Low Smoke Emission Associated with Use of Polyol Esters

/EIN News/ -- Rockville, April 23, 2024 (GLOBE NEWSWIRE) -- As per a new report by Fact.MR, the global polyol ester market is set to reach US$ 4.97 billion in 2024 and further expand at a CAGR of 5.1% from 2024 to 2034. Several industries employ heavy equipment with metal components in motion. Lubricants such as polyol esters are applied to reduce friction between these components and prevent damage to the parts.

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Textile manufacturers are always on the lookout for lubricants with superior lubricity, non-staining properties, low smoke emission, minimal absorption, biodegradability, and high temperature stability. Therefore, polyol esters are widely adopted in the textile sector.

Report Attribute	Details
Value Projection (2034)	US$ 8.17 Billion
Growth Rate (2024-2034)	5.1% CAGR
No. of pages	170 Pages
No. of Tables	84 Tables
No. of Figures	112 Figures

Key Takeaways from Market Study

• The global polyol ester market is projected to expand at a CAGR of 5.1% through 2034.
• Global sales of polyol esters are estimated at US$ 4.97 billion in 2024.
• The market is forecasted to reach US$ 8.17 billion by 2034-end.
• The North American market is forecasted to expand at a CAGR of 5.3% through 2034.
• TMP accounts for 31.5% market share in 2024.
• East Asia is projected to account for 38.4% of the global market share by 2034.

“Key properties of polyol esters, including superior miscibility with HFC refrigerants, excellent lubricity, low smoke emission, biodegradability, and high-temperature stability, are driving their use across diverse industries,” says a Fact.MR analyst.

Related Market Projections for 2034

Polyester Polyols Market	US$ 16.76 Billion
Fatty Acid Methyl Ester Market	US$ 31 Billion
9 Decanoic Acid Methyl Ester Market	US$ 500 Million

Key Companies Profiled in This Report

• Ultrachem
• Huntsman
• DowDuPont
• Lanxess
• Shell Chemicals
• Purinova
• Vantage Performance Materials
• Calumet Specialty Products Partners

Extensive Use of Trimethylolpropane as Conditioning Agent

Key players in the market have introduced a variety of lubricants based on esters such as NPG, TMP, PE, and DiPe, with NPG accounting for a leading share of the market.

Trimethylolpropane is the primary focus of polyol ester makers because of its many advantages, which include its use as a conditioning agent and as a raw material for varnishes, resins, and synthetic drying oils. These attributes have contributed to the increase in demand for trimethylolpropane.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the polyol ester market for 2018 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product (NPG, TMP, PE, DiPE), application (automotive crankcase material, gear oil, fire-resistant hydraulic fluids, carrier fluids, food contact material, environmentally acceptable hydraulics, fluids & lubricants, heat transfer fluids, quenchants, breathing air compressor material, air compressor material, vacuum pumps, instrument oil, seal swellants, textile lubricants, dielectric fluids, drilling fluids), and end use (food & beverages, chemicals, machinery, electrical & electronics, automotive, marine, aerospace, textiles, mining, utilities, construction, miscellaneous manufacturing), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Explore More Related Studies Published by Fact.MR Research: 

Polyester polyols Market: Demand forecast for polyester polyols is estimated to reach a market value of US$ 16,755.9 million by the end of 2034.

Fatty Acid Methyl Ester Market: Global sales of Fatty Acid Methyl Ester Market in 2021 was held at US$ 18 Bn. With 4.7% projected CAGR, the market is expected to register a valuation of US$ 29.8 Bn by 2032.

9 Decanoic Acid Methyl Ester Market: The value of 9 Decanoic Acid Methyl Ester Market is projected to increase at a CAGR of around 6.6% during 2022 - 2032.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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