Ester Market 2019 Global Industry Demand, Growth, Trends and 2023 Forecasts Report

Ester Market 2019-2023: Industry Analysis By Size, Share, Top Players

Global Ester Market Report: Major Player Some of the prominent players operating in the global ester market are Ashland (U.S.), DAK Americas (U.S.), Esterchem Ltd. (U.K), Huntsman International LLC (U.S.), BASF SE (Germany), Evonik (Germany), Sigma-Aldrich Co. LLC. (U.S.), U-PICA Company.Ltd. (Japan), Michelman, Inc. (U.S.), NOF CORPORATION. (Japan), and Fushun Anxin Chemical Co., Ltd. (China).

Global Ester Market Report: Overview 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, soyabean, 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.

Global Ester Market Report: Regional Analysis 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 enduse 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.

Latin American countries such as Mexico, Brazil, Colombia, and Venezuela are predicted to witness constant growth due to increasing spending on personal care products and the strong presence of big cosmetic brands. In the Middle East & Africa, various countries such as Qatar, Turkey, the United Arab Emirates, and Saudi Arabia are predicted to register a healthy growth due to increasing mining activities along with increasing consumption of ester based explosives.

Intended Audience: •Ester manufacturers •Traders and Distributors of ester •Production Process Industries •Potential Investors •Raw Material Suppliers •Nationalized Laboratory

Segmentation: The global ester market is segmented on the basis of source, application, end use industry, and region. On the basis of the source, the market is bifurcated into natural and synthetic. On the basis of the application, the market is classified into adhesive, oil additive, binder, sizing agent, and others. On the basis of the end-use industry, ester market is categorized into cosmetic & personal care, lubricant, paint & coatings, pulp & paper, construction, and others. On the basis of the region, the market is divided into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa..