Ester Market Research Report -
Global Forecast till 2023
Ester is synthesized from inorganic and organic acids by dehydration with alcohol. Naturally,
derived esters comprise of oils, fats, and triglycerides. A common type of esters consists of
nitrate esters, fatty acid esters of glycerol, and others depending on the alkyl or aromatic group.
It provides multi-functional properties such as superior spreadability, high oxidation stability, and
less pour point, which makes them suitable for utilization in various ends use industries such as
food & beverage, cosmetic & personal care, paint & coatings, construction, pulp & paper,
lubricant, and others.
Some of the important factors that positively influence the growth of ester market are improving
construction industry, expanding automotive industry, and rising mining activities in developing
countries. In the recent years, increasing growth of the automotive sector is observed due to the
investment of key manufacturers in emerging economies on account of favorable norms.
Furthermore, rising population along with increasing consumer spending on personal care
products in developed and developing region is estimated to drive the growth of the market.
Furthermore, rising building & construction activities along with increasing consumption of
lubricants are estimated to fuel the demand for ester market over the assessment period 2017-
2023. However, complex processing and relatively higher production cost of ester for a specific
application is predicted to hamper the growth of the market in the upcoming years.
The global ester market is segmented on the basis of source, application, end use industry, and
region. On the basis of the source, ester market is categorized into natural and synthetic. On the
basis of the application, the market is classified into adhesive, oil additive, binder, sizing agent,
and others. Among these, oil additives are estimated to grow at a significant CAGR due to rising
demand for ester b