The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by rising energy demand and more stringent environmental regulations, and the growing importance of technologies such as carbon capture and integrated refineries. In the last three years alone, there have been over 523,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Advanced materials in oil & gas: co-polycarbonate compositions. Buy the report here
According to GlobalData’s Technology Foresights, which uses over 196,000 patents to analyze innovation intensity for the oil & gas industry, there are 60+ innovation areas that will shape the future of the industry.
Co-polycarbonate compositions is a key innovation area in advanced materials
Co-polycarbonate compositions are thermoplastic polymers that are produced by polymerizing two or more dihydric phenols with phosgene, resulting in a polymer chain that contains different structural units. In co-polycarbonates, various structural units such as branching, esters, or siloxanes can be incorporated to enhance or modify the properties of the resulting polymer.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 80+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of co-polycarbonate compositions.
Key players in co-polycarbonate compositions – a disruptive innovation in the oil & gas industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to co-polycarbonate compositions
Source: GlobalData Patent Analytics
Idemitsu is one of the leading patent filers in co-polycarbonate compositions. The Japanese oil major has prominent petrochemical portfolio, which caters to production of advance materials such as co-polycarbonates. It’s co-polycarbonates product portfolio has applications in LCD and LED lighting and flame-resistant electronic as well as electrical casing materials. Some other key patent filers in the space include LG, Mitsubishi, and Saudi Aramco.
In terms of application diversity, Sekisui Kasei leads the pack, while IBM and Fuji Bakelite stood in the second and third positions, respectively. Sekisui Kasei is an advanced chemicals company that caters to industries including automotive, healthcare, agriculture, construction, and manufacturing, with its product offerings based on polycarbonates.
By means of geographic reach, Sinopec held the top position, followed by BASF and Repsol. Sinopec, the Chinese petrochemical giant, has collaborative operations across major markets in Asia, Middle East, Europe, Africa and the Americas.
Co-polycarbonate compositions are based on polymerization technologies and can yield a variety of sturdy products that have applications in television, lighting, electrification, electronics, medicine, agriculture, as well as developing construction and manufacturing materials.
To further understand the key themes and technologies disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Oil & Gas.