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.
Browse
Full Report With TOC: http://www.mrrse.com/analysis/211666
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.
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.
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.
To
Get Download Full Report with TOC: http://www.mrrse.com/sample/toc/211666
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
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Contact Us
State Tower
90 State Street, Suite
700
Albany, NY 12207
United States
Toll Free: 866-997-4948
(USA-CANADA)
Tel: +1-518-618-1030
