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U.S Esters Market Analysis: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

 

U.S Esters Market Analysis: By Product Type (Glyceryl Monostearate, Medium Chain Triglyceride Oil, Isopropyl Palmitate and Isopropyl Myristate, Others), By Application (Food & Beverages, Personal care & cosmetics, Textile, Personal care & cosmetics, Packaging, Surfactants, Lubricant, Others), By End User (Food, Personal Care & Cosmetics, Functional Fluids, Other Applications), and Geography.

 

U.S Esters market analysis was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.

 

Market Outline: U.S Esters Market Analysis

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.

Market Dynamics: U.S Esters Market Analysis

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. Also, 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. However, high cost of esters based lubricant is expected to hinder the U.S esters 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.

Market Scope: U.S Esters Market Analysis

U.S esters market analysis is segmented based on product type, application, and end user

Based on product type, market is segmented into the following:

  • Glyceryl Monostearate
  • Medium Chain Triglyceride Oil
  • Isopropyl Palmitate and Isopropyl Myristate
  • Others

Based on the application, market is segmented into the following:

  • Food & Beverages
  • Personal care & cosmetics
  • Textile
  • Personal care & cosmetics
  • Packaging
  • Surfactants
  • Lubricant
  • Others

Based on the end users, the market is segmented into the following:

  • Food
  • Personal Care & Cosmetics
  • Functional Fluids
  • Other Applications

Competition Assessment: U.S Esters Market Analysis

Some of the players in the U.S esters market analysis include:

  • ABITEC Corporation (USA)
  • Akzo Nobel N.V. (The Netherlands)
  • Archer Daniels Midland Company (USA)
  • BASF SE (Germany)
  • Croda International Plc (UK)
  • Faci Asia Pacific Pte Ltd (Singapore)
  • FELDA IFFCO LLC (USA)
  • Fine Organics Industries Ltd. (India)
  • Gattefoss SAS (France)
  • IOI Oleochemical Industries Berhad (Malaysia)
  • KLK Oleo (Malaysia)
  • Lonza Group Ltd (Switzerland)
  • P&G Chemicals (USA)
  • PMC Biogenix, Inc. (USA)
  • Sasol Limited (South Africa)
  • Starinerie Dubois (France)
  • Stepan Company (USA)
  • Subhash Chemical Industries (India)
  • UNION DERIVAN, S.A. (UNDESA (Spain)

 

Notable Market Developments: U.S Esters Market Analysis

  • In July 2018, ABITEC Corporation, a global manufacturer of specialty lipids, has executed a multi-year agreement with distribution partner DKSH to market and sell its ingredients into select markets.