Polyepoxysuccinic Acid Market: Introduction
Polyepoxysuccinic acid is also known as PESA; epoxysuccinic acid homopolymer; Polyoxirane-2,3-Dicarboxylic Acid; 2,3-oxiranedicarboxylic acid homopolymer; and poly(1-oxacyclopropane-2,3-dicarboxylic acid). Its molecular formula is HO(C4H2O5M2)n. Its Chemical Abstracts Service (CAS) number is 51274-37-4. U.S. has developed the Polyepoxysuccinic Acid in early 1990s, then other countries such as Japan also studied on PESA and its derivatives. PESA is a chemical with multivariate scale and corrosion resistance with non-phosphor and non-nitrogen. It has good scale inhibition and dispersion for calcium carbonate, calcium sulfate, calcium fluoride, and silica scale. It has decent compatibility with chlorine and other water treatment agents. PESA has superior biodegradation properties. It has application in circulating cool water systems in situation of high alkaline, high hardness, and high pH value.
The demand for chemically treated water is estimated to grow due to rise of various end use industries. This is projected to drive the polyepoxysuccinic acid market as a water treatment chemical across the globe during the forecast period..
Polyepoxysuccinic Acid Market: Segmentation
The global polyepoxysuccinic acid market can be segmented based on application and region. In terms of application, the polyepoxysuccinic acid market can be categorized into industrial boilers, oil & gas industry, water treatment, and others. The water treatment segment is anticipated to dominate the global polyepoxysuccinic acid market during the forecast period. Growing demand from chemically treated water due to the growth in end-use industries in countries such as China, India, and Brazil is estimated to fuel the water treatment segment of the market during the forecast period. Moreover, Rise in the number of projects being commissioned and tendered in various emerging economies across the globe would be a driving factor for growth of polyepoxysuccinic acid market as a water treatment chemical.
Market of polyepoxysuccinic acid as a crude oil dehydrator in the oil and gas industry is projected to exhibit significant growth due to increasing investment for up gradation and expansion of refineries in emerging economies such as China and India.
Polyepoxysuccinic acid is utilized in the water treatment systems of industrial boilers due to its corrosion resistance properties. Rising demand for industrial boilers from end-use industries, especially food and chemical industries, in Asia Pacific is expected to drive the the industrial boiler segment of the polyepoxysuccinic acid market.
Polyepoxysuccinic Acid Market: Regional Outlook
Based on region, the global polyepoxysuccinic acid market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to be a key region for the polyepoxysuccinic acid market owing to the growing market of industrial boiler applications. Rise in industrialization and growth in population in emerging economies such as China, India, and ASEAN countries are anticipated to fuel the demand for polyepoxysuccinic acid from-end use industries such as industrial boilers and water treatment plants during the forecast period. The polyepoxysuccinic acid market North America and Europe is estimated to expand at a significant pace. Awareness about climate changes and environmental regulations in developed countries of North America and Europe are expected to boost the market as a water treatment chemical
Polyepoxysuccinic Acid Market: Competitive Landscape
The global polyepoxysuccinic acid market is fragmented due presence of regional global players. Key manufacturers operating in the global polyepoxysuccinic acid market include Dowdupont, Evonik, Mitsubishi Rayon, Nippon Shokubai, GEO, Sanlian Chem, Anhui Renxin, Hickory, Fangda Science, Anshun Chem, Hechuang Chem, Dayang Chem, Shandong Yuanlian Chemica & Shangdong Taihe Water Treatment Technologies., Ecolab Company, Merck KGaA, Darmstadt, and LEAD OILFIELD SOLUTIONS COMPANY.