“We have produced a new premium report Esters Market. The report covers the analysis of global as well as regional markets of Esters. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Esters Market by type(fatty acid esters, phosphate esters, polyesters, acrylic esters),application(food & beverages, personal care & cosmetics, textile, personal care & cosmetics, packaging, surfactants, lubricant) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Esters Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Esters Market are Chemtura Corporation, BASF SE, Cargill Incorporated, Croda International Plc., NYCO, Ashland Inc., The Dow Chemical Company, Esterchem Ltd., and Exxon Mobil Corporation.”
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Demand for esters from lubricant industry is expected to fuel the market growth
Easter is a chemical compound containing carbonyl group. Esters are being used exclusively in jet engines lubrication mainly due to their unique combination of clean high temperature operation with low temperature flow ability. The application of Easters includes lubricants, cosmetics, plastics, resins, explosives, bio-fuel, surfactants, and synthesis of various industrial chemicals. Rising demand for fatty acid easters and increase in adoption of environmental friendly lubricants is driving the growth of the easter market. Additionally,demand for easter derivatives such as polysters is expected to drive the easter market.However,high cost of easter based lubricants is hindering the growth of the easter market. On the other hand, maintenance of ester lubricants requires expensive tools and equipment hence these are the factors restraining the growth of the Easter market. Increasing demand for environmentally adapted lubricants that are based on saturated and unsaturated ester oils for industrial and food grade applications are providing key opportunities for the growth of the Easter market. Moreover, increasing popularity of specialty and natural Easter from personal care products are expected to provide huge growth opportunities over the forecast period. Some of the key players in the esters market include Esterchem Ltd., AOC, DAK Americas LLC, Nan Ya Plastics Corporation.