Esters Market by Product (Dibasic Esters, Polyol Esters, Methyl Esters, Nitrate Esters, Vinyl Esters, Phosphate Esters, Acrylic Esters, Sucrose Esters, Fatty Acid Esters), Application (Lubricants, Solvents, Plasticizers, Fuel and Oil Additives) & Region – Forecast 2023 – 2033

Innovations and Developments in Esters Manufacturing Technologies

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-1049 Format: PDF Pages: 300

Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023, Esters Market was worth US $ 94.02 Bn. The market is expected to grow at a CAGR of 5.2 % between 2023 and 2033 to hit US $ 156.09 Bn by 2033 end.

Key Market Trends

The Solution for a Greener Future

With its eco-friendly properties, esters are becoming a popular choice for various applications, creating a wide range of opportunities in the market.

The Key Ingredient in Personal Care and Cosmetics

A key ingredient in personal care and cosmetic products due to their role in improving product performance, making it a valuable product in the market .

Market Drivers

Growing demand from the plasticizers and lubricants industry

Esters are widely used in industries such as plasticizers and lubricants, where they help improve the performance and properties of the end products. The increasing demand for high-performance and eco-friendly plasticizers and lubricants is expected to drive the growth of the esters market.

As a versatile and cost-effective material, esters are becoming a popular choice for manufacturers looking for sustainable solutions. This is expected to create lucrative opportunities for players operating in the esters market.

The rising adoption of esters in other end-use industries, such as personal care, food & beverages, and pharmaceuticals, due to their emollient and flavoring properties, is expected to further boost the growth of the esters market.

Segmentation Insights

After conducting a thorough analysis of the Esters Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.

Most Popular (Fastest Growth Rate)

Dibasic Esters (Lubricants Application)

Dibasic Esters are the most popular product in the Esters Market due to their superior lubricating properties. They are widely used in the production of automotive, aviation, industrial, and marine lubricants. Dibasic Esters’ excellent thermal stability, low volatility, and biodegradability make them the preferred choice for lubricant applications.

Most Selling (Largest Market Share)

Polyol Esters (Food-grade Lubricants Application)

Polyol Esters are the most selling product in the Esters Market due to their superior quality and extensive usage in the food-grade lubricants industry. They are widely used in the production of lubricants for food processing and packaging equipment. Polyol Esters’ excellent properties such as high oxidation stability, low toxicity, and compatibility with food make them the go-to choice for food-grade lubricants.

Trending (Gaining Traction)

Acrylic Esters (Paints and Coatings Application)

Acrylic Esters are gaining significant traction in the Esters Market due to their usage in the paints and coatings industry. They are widely used in the production of acrylic resins for paints and coatings, providing excellent adhesion and gloss retention. Acrylic Esters’ excellent properties such as chemical resistance, weather ability, and UV stability make them a trending choice in the paints and coatings application.

Regional Insights

North America: A Leading Market with Diverse Applications

The North American esters market is thriving due to its diverse range of applications in industries such as food and beverages, personal care, and lubricants. The increasing demand for natural and eco-friendly products has led to a surge in the use of esters, particularly in the United Statesand Canada. The region’s advanced manufacturing capabilities, strong research and development infrastructure, and focus on sustainability make North America a key player in the global esters market.

Africa: An Emerging Market with Vast Potential

Africa is a growing market for esters, driven by its expanding industrial sector and increasing consumer demand for personal care and food products. The continent’s rich agricultural resources, such as palm oil and soybean oil, provide a solid foundation for the ester industry. Countries like South Africa, Nigeria, and Kenya are actively investing in the development of their local ester production capabilities. With its untapped potential and growing demand, Africa is an attractive market for ester manufacturers and investors seeking new opportunities.

Report Includes

Research Scope/Taxonomy
Market Analysis by Product:

  • Dibasic Esters
  • Polyol Esters
  • Methyl Esters
  • Nitrate Esters
  • Vinyl Esters
  • Phosphate Esters
  • Acrylic Estersv
  • Sucrose Esters
  • Fatty Acid Esters

Market Analysis by Application:

    • Lubricants
    • Automotive Lubricants
    • Aviation Lubricants
    • Industrial Lubricants
    • Marine Lubricants
  • Food-grade Lubricants
  • Solvents
  • Plasticizers
  • Fuel and Oil Additives
  • Flame Retardants
  • Insecticides

Market Analysis by End-Use Industry:

  • Chemicals
    • Plastic and Polymers
    • Soaps and Detergents
    • Explosive
    • Paints and Coatings
    • Agrochemicals and Domestic Hygiene Products
    • Pharmaceutical
    • Industrial Chemicals
  • Food
  • Automotive and Aviation
  • Marine
  • Textiles
  • Cosmetics and Personal Care Products
  • General Manufacturing

Market analysis by region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa
  • East Asia
  • South Asia & Pacific

Analyst Credentials

Key Companies Profiled

  • Mitsubishi Chemical Corporation
  • Exxon Mobil Corporation
  • Cargill, Inc.
  • The Procter & Gamble Company
  • Lanxess AG
  • Arkema SA
  • Evonik Industries AG
  • Others

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application w.r.t Product

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product [Value (US$ Mn) and Volume (Tons) Analysis]

10.3. Sodium

10.4. Calcium

10.5. Others

12.3.Market Attractiveness Analysis by Product

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

11.3. Drilling Fluids

11.4. Binder

11.5. Sealant

11.6. Absorbent/Adsrobent

11.7. Clarification Agent

11.8. Others

12.3.Market Attractiveness Analysis by Application

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End-Use Industry [Value (US$ Mn) and Volume (Tons) Analysis]

12.2.1. Oil

12.2.2. Foundry

12.2.3. Construction

12.2.4. Food

12.2.5. Pharmaceuticals Others

12.3.Market Attractiveness Analysis by End-Use Industry

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Product

14.3.3. By Application

14.3.4. By End-Use Industry

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Product

14.4.3. By Application

14.4.4. By End-Use Industry

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Product

15.3.3. By Application

15.3.4. By End-Use Industry

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Product

15.4.3. By Application

15.4.4. By End-Use Industry

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Product

16.3.3. By Application

16.3.4. By End-Use Industry

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Product

16.4.3. By Application

16.4.4. By End-Use Industry

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Product

17.3.3. By Application

17.3.4. By End-Use Industry

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Product

17.4.3. By Application

17.4.4. By End-Use Industry

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Product

18.4.3. By Application

18.4.4. By End-Use Industry

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Product

18.5.3. By Application

18.5.4. By End-Use Industry

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Product

19.4.3. By Application

19.4.4. By End-Use Industry

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Product

19.5.3. By Application

19.5.4. By End-Use Industry

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. Ashapura Group of Companies.

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. Black Hills Bentonite, LLC

21.3. Charles B Chrystal Co. Inc.

21.4. Clariant AG

21.5. Halliburton Co

21.6. Kemira OYJ

21.7. Kunimine Industries Co., Ltd.

21.8. Kutch Minerals

21.9. Kutch Minerals

21.10. Mineral Technologies Inc.

21.11. Polymer Drilling.