Ester Market 2018 Global Industry Size, Share, Growth, Trends, 15 Company Profiles and 2023 Future M

ESTER MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

ESTER Market Market MARKET 2018 ESTER Market Market Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 • Ester is a non-hydrocarbon organic substance that is derived from the reaction between carboxylic acid and alcohol. It is obtained by either natural means or by synthetic means. Naturally, the occurring ester is predominantly derived from seed oils such as rapeseed oil, soya bean, and sunflower oil. Synthetic esters have excellent oxidation stability and low pour point, which can be utilized in a wide range of application such as oil additive, adhesive, sizing agent, binder, and others. It is finally used in numerous end-use industries such as lubricant, paint & coatings, pulp & paper, cosmetic & personal care, construction, and others.

• As per the analysis, some of the noticeable market factors and trends identified in the global ester market include the growing construction activities, rising consumption of ester as a sizing agent in paper & pulp, and continuous growth of defense sector. Furthermore, increasing mining-related activities leads to the higher consumption of explosives, which, in turn, is predicted to fuel the demand for nitrate ester over the assessment period. Increasing population along with rising consumption of packaged food & beverage is estimated to drive the demand for ester over the forecast period. Moreover, some of the types of ester are used as a textile finishing agent or binder in the textile industry. Thus, the continuous growth of the textile industry has presented a lucrative opportunity to the global ester market. Growing automotive production and sales coupled with increasing demand for ester from lubricant industry is predicted to propel the growth of the market. Rising per capita disposable income in emerging economies along with increasing consumption of cosmetic & personal care products is estimated to drive the demand for ester over the assessment period. However, high cost associated with the ester-based lubricant is estimated to hinder the growth of the market.

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ESTER Market Market MARKET 2018

Regional Analysis: • The global ester market is further classified into five regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific emerged as the largest market share and estimated to hold around half of the market share in terms of value and volume in 2016 and is predicted to register a tremendous growth over the estimated period on account of the continuous growth of various end-use industries such as construction, automotive, paints & coatings among others. The demand for ester is expected to fuel the growth of the market in the various countries of Asia Pacific such as South Korea, India, Thailand, Taiwan, Malaysia, China, Australia, Bangladesh, Japan, and Singapore owing to rapid industrialization and high adoption rate from various end-use industries. • The Asia Pacific emerged as the largest ester market followed by North America and Europe. North America is expected to be the second largest ester market and is estimated to witness a steady growth owing to recovery of the industrial sector combined with increasing investments to revitalize construction & paints & coatings sector over the forecast period. The U.S. holds the maximum market share in North America, which is further followed

by Canada on account of increasing consumption of cosmetic & personal care products along expansion of textile industry. In Europe, countries such as Germany, Spain, Italy, the U.K, and France are estimated to be the largest contributor to the regional market on account of the significant growth of the automotive sector and expanding personal care industry.

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ESTER Market Market MARKET 2018 Regional Analysis Intended Audience: • Ester manufacturers • Traders and Distributors of ester • Production Process Industries • Potential Investors • Raw Material Suppliers • Nationalized Laboratory

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ESTER Market Market MARKET 2018 Application & Major Players in this Research: Key Players for ESTER Market Market:

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Ashland

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DAK Americas

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Esterchem Ltd

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Huntsman International LL

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BASF SE

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Evonik

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Sigma-Aldrich Co. LLC.

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U-PICA Company.Ltd.

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Michelman, Inc

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