A new report by Fact.MR projects that the global polyol ester market will reach USD 4.97 billion in 2024 and continue growing at a CAGR of 5.1% from 2024 to 2034. Polyol esters are essential in several industries where heavy machinery with moving metal components is used. 

By applying polyol ester lubricants, these industries can effectively reduce friction, safeguarding parts from wear and tear and enhancing the lifespan of equipment.

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Textile manufacturers prioritize lubricants that offer excellent lubricity, non-staining properties, low smoke emission, minimal absorption, biodegradability, and high-temperature stability. As a result, polyol esters are widely used in the textile industry for their ability to meet these stringent requirements.

Key Takeaways from Market Study

  • The global polyol ester market is expected to grow at a CAGR of 5.1% through 2034. 
  • In 2024, global polyol ester sales are estimated to reach USD 4.97 billion, with projections indicating an increase to USD 8.17 billion by the end of 2034. 
  • The North American market is anticipated to expand at a CAGR of 5.3% during this period. 
  • TMP is set to hold a 31.5% share of the market in 2024, while East Asia is projected to capture 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.

Read More: https://www.factmr.com/report/polyol-ester-market

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

Leading market players have developed a range of lubricants based on esters, including NPG, TMP, PE, and DiPe, with NPG holding a significant market share. Trimethylolpropane (TMP) is a key focus for polyol ester manufacturers due to its versatile applications, such as serving as a conditioning agent and a raw material in varnishes, resins, and synthetic drying oils. These properties have driven increased demand for TMP in various industries.

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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).

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