On account of the rising demand from developing application segments including electrical & electronics , construction, transportation, automotive, household, packaging industries, global xylitol building block market is expected to grow over the forecast period. Xylitol polycondensation with sebacic acid and water soluble citric acid forms water soluble pre-polymers known as PXC pre-polymer and water insoluble pre-polymers known as PXS pre-polymer. Huge elastomers demand synthetic polymers substitute is predicted to further influence the xylitol building block market demand over the forecast period. Complementary regulatory policies coupled with unstable petrochemicals prices are expected to uplift xylitol building block market in the coming years.
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Xylitol polymer holds non-toxic and efficient chemical properties on account of which it is widely used by medical industries and pharmaceutical industries. Xylitol is also used as a building block for the diverse chemicals production including hydroxyl furan and glycol which are further used as a feed stock by end use industries including heat transfer agents, aircraft deicing fluids, polyester resins, PET bottling, hydraulic fluids and others. Xylitol demand is expected to experience high growth on account of increasing glycol demand in packing applications coupled with its developing application base as a low cost substitutes in chemical processing and petrochemicals processing. Huge demand of xylaric acid for polyhydroxypolyamides, polyamides and hydroxylated nylon production is expected to further enhance global xylitol market positively.
Asia Pacific was major regional segment dominating the market by holding major consumption shares in consumptions coupled with heavy xylitol production levels. Growth in the economies coupled with plastic end use industries is expected to boost Asia pacific market growth over the forecast period. Emerging as a fastest growing economy, India and China are expected to account the major demand in the forecast period. Heavy biodegradable elastomers demand in Europe and North America are expected to increase xylitol based elastomers market on account of its biodegradable nature.
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