Increasing elastomer demand in packaging, automotive, electrical & electronics, transportation, insulation, construction, and household industries is expected to drive the xylitol building block market growth over the forecast period. Polycondensation of xylitol with water soluble citric acid and sebacic acid yields water soluble pre-polymers (known as PXC pre-polymer) and water insoluble pre-polymers (known as PXS pre-polymer) respectively. Further processing yields elastomers of both high and low elasticity. Increasing elastomers demand as substitutes of synthetic polymers is expected to fuel the xylitol building block market growth. Xylitol polymers are being majorly used in medical and pharmaceutical industries owing to non-toxic and its more effective properties. Favorable regulatory policies and volatile petrochemicals prices are expected to further strengthen xylitol demand over the forecast period.
Xylitol is also a building block for many chemicals such as glycerol, hydroxyl furan, glycol, and xylaric acid. Xylitol as a building block for glycol (ethylene & propylene) has been used as feedstock for other chemicals, polyester resins, fabric industries, PET bottling, heat transfer agent, hydraulic fluids, paintings & coatings, and aircraft deicing fluids. Increasing glycol demand in packaging and bottling applications is expected to drive the xylitol demand. Increasing awareness regarding xylitol as a low cost substitute for petrochemicals in chemical processing is expected to have a positive impact on the global market. Xylitol is a precursor to hydroxyl furans which are used in solvents, PET bottling, nylon fabric materials, and polyamide raw material. Growing demand for xylaric acid as standalone chemicals for the production of polyamides, hydroxylated nylon, and polyhydroxypolyamides is expected to further drive xylitol demand.
Asia Pacific was a major regional market both in terms of consumption and production. Growth of major plastic end-use industries coupled with high xylitol production is expected to drive Asia Pacific market growth. China and India are expected to account for the majority of the regional demand over the forecast period. North American and European markets are characterized by growing demand for biodegradable elastomers and furans resins. Xylitol based elastomers being readily biodegradable in nature; its demand is expected to be driven by the above stated trend. Key players operating in the global xylitol building block market include Cargill Inc., Mitsubishi Shoji Foodtech Co. Ltd., Xylitol Canada Inc., and Hangzhou Shouxin Biological Technology Co., Ltd.
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