The factors driving the growth of the global market include growing automotive industry, technological advancements, increasing demand of coatings in construction industry, and increasing demand for esters in lubricant, personal care and cosmetic industries. The growth of the global esters market is largely driven by high demand for esters in lubricants having several end-uses including automotive, aviation, marine, and industrial. The commercial adoption of bio-based esters, increasing adoption of environmentally acceptable lubricants (EALs) and developing economies of Asia-Pacific, such as India and China offer ample growth opportunities for the manufacturers of esters.
Explore Full Report at: https://www.psmarketresearch.com/market-analysis/esters-market
Among the different types of esters, the polyesters segment held the largest share in the global esters market in 2015. The segment dominated the global market, due to high demand from textile, electrical insulation, industrial fabrics, home furnishing and packaging industries. The phosphate esters segment is anticipated to witness the fastest growth in the global esters market during 2016 -2022, owing to their high lubrication properties and thermal stability.
In 2015, Asia-Pacific held the largest share in the global esters market. The region is also anticipated to be the fastest growing market for esters during the forecast period. The major reasons behind the growth of the esters market in the region include high compliance for polyesters in textile and packaging industries, rapid industrialization and high growth in automotive industry in the developing economies, such as China and India.
Browse Related Research: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy
Among the various applications of esters, the textile segment held the largest share in the global market in 2015. The high consumption of polyesters in textile industry is attributed to their high strength and light weight.
Some of the major players operating in the global esters market include BASF SE, Cargill Incorporated, Exxon Mobil Corporation, DAK Americas LLC, The Dow Chemical Company, Chemtura Corporation, Croda International Plc, Esterchem Ltd., and NYCO.
GLOBAL ESTERS MARKET SEGMENTATION
By Type
Polyesters
Acrylic Esters
Fatty Acid Esters
Phosphate Esters
Others
By Application
Textile
Lubricant
Packaging
Paints and Coatings
Personal Care and Cosmetics
Surfactants
Food and Beverages
Others
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Rest of North America
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Media Contact
Company Name: P&S Market Research
Contact Person: Abhishek, Executive – Client Partner
Email: enquiry@psmarketresearch.com
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
State: NY
Country: United States
Website: https://www.psmarketresearch.com/market-analysis/esters-market