Report Code: A11468 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Polyol Esters Market
Request Now !Polyol esters are the chemical compounds which are formed from multiple hydroxyl groups like carboxylic acids and alcohol. It is a type of synthetic oil that is more stable at high temperatures with significant use in refrigeration compressors. These are subject to less bio-degradable and hydroscopic combinations, with stable hydrolytic properties. In appearance, polyol esters are oily, crystal clear, and light yellow in color or sometimes even colorless. High physical and chemical properties of polyol esters increase the demand for polyol esters in end-to-end industries such as electrical/electronics and automotive. Polyol esters have a variety of applications including active agent in medical, lubricant in automotive industry, and wax in construction industry. Some derivatives formed by polyol industry are urea, insecticides, and fertilizers. In addition, polyol esters have other outstanding application areas, such as the foam industry, petrochemicals and chemical industry and others. Polyol esters can be used as substitute for a variety of applications from refrigerator cords to oven chains.     Â
COVID-19 Scenario Analysis:
The outbreak of the COVID-19 pandemic has impacted the global polyol esters market to a great extent.
One of the major factors responsible for driving the growth of the global polyol esters market is the jet engine lubricant market; no other compound can be used in place of polyol esters in jet lubricant. Polyol esters are mixed with poly-alpha-olefin (PAO) synthetic oils in passenger car lubricant. Polyol esters are used as refrigerator lubricants in industries. The major application of polyol esters includes a fireproof transformer, high-temperature grease, textile lubricants, and fire-resistant hydraulic fluids. Such applications increase the demand for polyol esters, thus fostering the market growth.
The market in the Asia-Pacific region is dominant due to the presence of high population, surge in industrialization, and increase in domestic consumption in the automotive sector. However, the European market is also a potential market for polyol esters, since Europe has the largest cosmetic and automotive industry.
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Questions Answered in the Polyol Esters Market Research Report:
Polyol Esters Market: Global Opportunity Analysis and Industry Forecast, 2021–2028 Report Highlights
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Key Market Players | Purinova, Dow Chemicals, Perstrop, KLK OLEO, Exxon Mobil, Shell Chemicals, Vantage Performance Materials, Inolex, Huntsman, Calumet Specialty Products Partners, DowDuPont, Ultrachem, Lanxess |
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