NEW YORK, June 6, 2016 /PRNewswire/ --
According to market research "Global Esters Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights 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)" by P&S Market Research, the global esters market is expected to grow at a CAGR of 6.6% during 2016 - 2022.
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
- Acrylic Esters
- Fatty Acid Esters
- Phosphate Esters
- Paints and Coatings
- Personal Care and Cosmetics
- Food and Beverages
- North America
- Rest of North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Browse Other Reports by P&S Market Research
Global Industrial Gases Market- https://www.psmarketresearch.com/market-analysis/industrial-gases-market
Global Automotive Lightweight Material Market- https://www.psmarketresearch.com/market-analysis/automotive-lightweight-material-market
Global Solar Control Glass Market- https://www.psmarketresearch.com/market-analysis/solar-control-glass-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Assistant - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
SOURCE P&S Market Research