A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Esters
market. The study,
titled “Esters
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Esters
are chemical compounds containing carbonyl group adjacent to ether
linkage. These are usually synthesized from organic or inorganic
acids by dehydration with alcohol. Naturally occurring esters include
fats, oils and triglycerides. Major types of esters include fatty
acid esters of glycerol, nitrate esters, polyesters and others
depending on alkyl or aromatic group it contains. The applications of
esters include lubricants, cosmetics, plastics, resins, explosives,
bio-fuel, surfactants and synthesis of various industrial chemicals.
Growing
demand for esters from cosmetics, lubricants, paper and personal care
industry is expected to drive the market growth. Fatty esters are
used in cosmetics products as a replacement of petroleum products.
These are derived from vegetable oils and other renewable raw
materials, hence human health hazards of fatty esters are claimed to
be null. Demand for fatty acid based cosmetic products in Asia
Pacific is expected to fuel the market growth. Asia Pacific is the
largest producer of vegetable oil and other naturally derived oils
such as palm oil, soya oil and sunflower oil.
Get
Sample Of Esters
Market
Research Report At:
Further,
demand for esters from lubricant industry is expected to fuel the
market growth. Increasing penetration of automobiles in developing
markets is expected to set positive outlook for the lubricants
industry. Esters based lubricants offer superior performance as
compared to two other major types, polyalphalefins and polyalkylene
glycol. Additionally, demand for ester derivatives such as polyesters
is expected to drive the market growth. There are numerous types of
polyesters available in the market with diverse applications. The
applications of polyesters include computers, industrial fabrics,
textiles, home furnishing, electrical insulation, packaging and
others. Polyesters do not absorb moisture that helps in resisting
different stains and chemicals.
However,
high cost of esters based lubricant is expected to hamper the market
growth. Chemically synthesized esters are petroleum derivative hence
volatility in crude oil prices is expected to hamper the market
growth. Complex processing and high production cost of ester
production for specific application may inhibit the market growth.
Niche
applications of esters such as solvency, thickening and bio-diesel
are expected to provide immense opportunities for the players in this
market. Fatty acids derived bio-diesel can act as an alternative to
conventional crude oil. Additionally, increasing popularity of
specialty and natural esters from personal care products due to their
advantages are expected to become major opportunity in the near
future.
Asia
Pacific emerged as the largest market for esters in terms of
consumption and production; owing to the factors such as rapid growth
in industrialization and availability of raw materials, have
increased production capacity in the developing countries such as
China and India. Demand for fatty esters in cosmetics and personal
care products have surpassed the demand from developed regions.
Additionally, demand from lubricants and textile industry is expected
to drive the market for esters in this region. Asia Pacific was
followed by North America in terms of consumption owing to demand
from various applications. Personal care, lubricant and polyester
industry are expected to be major driving factors for esters demand
in this region. Demand for vegetable oil based esters is expected to
drive the market for esters in Europe.
Browse
The Full Esters
Market Research
Report At:
Global
esters market is highly fragmented with few major international
companies in the market. There are large number of small scale
manufacturers in China and as well as in other developing countries.
Some of the key players in the esters market include Esterchem Ltd.,
AOC, DAK Americas LLC, Nan Ya Plastics Corporation, Reliance
Industries, Toray, Teijin, The Dow Chemical Company, Du Pont,
Huntsman Corporation, Kolon Industries, Bayer AG, Ashland Performance
Chemicals among others.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Transparency
Market Research
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+1-518-618-1030
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