New molecules developed by Segetis, in Minnesota based on esters
of levulinic acid made from using bio based hydroxyl compounds and corn
cobs are known as levulinic ketals. These can be used to produce a
series of products such as plasticizers, polyols for polyurethane foams
and solvents. Segetis are constructing a new toll manufacturing plant
for their new ketals chemistry in the Midwest and the construction of
which was expected to be completed by the end of 2011. Products
entering the market would start with solvents. While polyols is
expected to be the last to enter in the market because of significant
functional testing required. At present China is the supplier of the
levulinic acid from the company but later it may use residue of wood as
a feedstock.
The potential outcome by the development of bio based levulinic
acid could be the replacement of the phthalate plasticizers which is
used to make Polyvinyl chloride (PVC) which is the most widely produce
plastic and other plastics flexible. The company is also working
directly to replace the phthalate which concerns about exposure to
children. The major advantages of ketal monomers are that they attach
to the PVC molecule firmly and are of natural origins.
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Major opportunity for the market can be obtain from the
manufacture of polyols which combines with iscoyanates to produce
polyurethane. The polyols which are made from bio based levulinic acid
will have rigidity which in turn will help to reduce the level of
iscoyanates while obtaining polyurethane having similar properties and
the monomers will play the role of the performer. The cost of polyols
produce by the company will be same as made from petroleum resources.
But it is expected that it will help to improve the economics for
formulators due to less use of iscoyanates.
This research report analyzes this market depending on its
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Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
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