A recent report from Persistence Market Research has forecast considerable growth for the polyol ester (POE) market in the Asia-Pacific region.
Analysts predict that by 2032, the market value will reach $2.8 billion, spurred on by an increasing demand for lubricant products that can deliver high levels of performance.
Polyol esters are defined as synthetic or naturally derived high-performance lubricants. They are formulated by reacting polyols with fatty acids, and are recognised for offering outstanding lubricity, excellent oxidative and thermal stability, and being compatible with modern refrigerants. They also offer good low-temperature flow and exceptional high-temperature performance, and serve as stable base oils for lubricants operating under extreme conditions. As a result, they are frequently used in demanding applications like refrigeration systems and jet engines.
Leading lubricant maker CPI Fluid Engineering uses POE lubricants for its refrigeration compressor oil brands Solest and Emkarate, while Shell and Mobil use them to manufacture high-performance products like turbine oil.
The Asia-Pacific POE market is gaining significant momentum, as multiple sectors increasingly seek higher performance, thermally stable and more eco-friendly options. POE lubricant makes an excellent choice for industrial applications when requirements demand both sustainability and performance, as they are biodegradable, resistant to oxidation and offer greater viscosity control.
As industrialisation rapidly spreads across the Asia-Pacific region, market demand for dependable specialty lubricants keeps rising, creating a robust base for growth. The report also cited an increase in HVAC (heating, ventilation and air conditioning) installations, the recovery of the region’s aviation industry and growing investments in manufacturing as key drivers, alongside a push for more environmentally safe solutions and energy-efficient operations.
