The global demand for Esters Market is presumed to reach the market size of nearly USD 140.94 MN by 2028 from USD 93.73 MN in 2021 with a CAGR of 6% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Esters refers to the non-hydrocarbon organic compound derived from an organic or inorganic acid in which an –OH hydroxyl group is exchanged by an –O– alkyl (alkoxy) group. They are more polar than ethers and less polar than alcohols. They are more volatile than comparable-sized carboxylic acids. They have a fragrant odour and are used as an ingredient for making substances like lubricants. They are also used to make surfactants such as soap and detergents. They help to enhance flavour and are ideal for emulsification in the food industry.
Market Dynamics
The key factor driving the demand for the ester market is the increasing consumption and production of esters. The easy availability of esters and their growing application in industrial fabrics, textile, computers, home furnishing and others are surging the demand for this market. The introduction of bio-based esters and the rising use of esters for formulating lubricants, solvents and personal care products are fostering the demand for this market. In addition, the rapid growth of the automotive and construction industries is propelling the demand for this market. The growing popularity of esters in the food and beverages industry due to their pleasant smell and tastes is expanding the demand for this market. Furthermore, the growing demand for greener products due to rising environmental concerns and the implementation of stringent government regulations are boosting the demand for this market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of esters. The growth and trends of Esters Industry provide a holistic approach to this study.
Market Segmentation
This section of the esters market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Dibasic Esters
- Polyol Esters
- Methyl Esters
- Nitrate Esters
- Vinyl Esters
- Phosphate Esters
- Acrylic Esters
- Sucrose Esters
- Fatty Acid Esters
By Application
- Lubricants (Automotive Lubricants, Aviation Lubricants, Industrial Lubricants, Marine Lubricants, Food-Grade Lubricants)
- Solvents
- Plasticizers
- Fuel And Oil Additives
- Flame Retardants
- Insecticides
- Explosives
- Surfactants
- Flavoring Agents
By End-Use Industry
- Chemicals (Plastic And Polymers, Soaps And Detergents, Explosive, Paints And Coatings, Agrochemicals And Domestic Hygiene Products, Pharmaceutical, Industrial Chemicals)
- Food
- Automotive And Aviation
- Marine
- Textiles
- Cosmetics And Personal Care Products
- General Manufacturing
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Esters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Esters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the esters market include Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Cargill Inc., The Procter & Gamble Company, Lanxess AG, Arkema SA, Evonik Industries AG, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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