The U.S. esters market is expected to reach USD 4.34 billion
by 2022, according to a new report by Grand View Research, Inc. Growing
consumer awareness towards bio-based ingredients in cosmetic and surfactants
sector is expected to play a key role in driving industry growth over the next
seven years.
Surging fatty acid and allyl & aromatic esters demand can be
attributed to growing personal care industry in the U.S. In addition, chemical
functions such as stabilization of colloidal dispersions and detergency have
contributed to its significant demand in cosmetic and soap applications.
Acrylic esters emerged as the leading product segment with demand share
estimated at 42.3% in 2014. High penetration of this segment can be attributed
to methyl acrylate that has significant demand in coatings, adhesives,
sealants, and elastomers (CASE) application. CASE segment was valued at 172.9
million in 2014. In addition, it is also used in producing woven &
non-woven textiles, inks, pressure sensitive adhesives, leather finish, and
plastics.
Fatty esters emerged as the second major contributor to industry growth
in 2014. Growth in this segment can be attributed to surging demand for
glycerol monostearate (GMS) in food additive and personal care industries. GMS
demand in the U.S. is estimated to reach 180 kilo tons by 2022. Growing demand
for seasonings and confectionary in various public gatherings and festivals is
expected to drive GMS demand over the next seven years.
Full Research Report On U.S. Esters Market Analysis:
http://www.grandviewresearch.com/industry-analysis/us-esters-market
http://www.grandviewresearch.com/industry-analysis/us-esters-market
Further key findings from the report suggest:
·
The U.S. esters market demand was 1,481.0
kilo tons in 2014 and is expected to reach 2,073.5 kilo tons by 2022, growing
at a CAGR of 4.3% from 2015 to 2022.
·
Cellulose esters are anticipated to emerge
as the fastest growing product segment and reach a net demand of 255.2 kilo
tons by 2022.
·
Lubricants segment is expected to emerge as
the largest application for phosphate esters and is projected to grow at an
estimated CAGR of 3.7% over the forecast period.
·
Medium chain triglycerides (MCT) are
estimated to emerge as fastest growing fatty acid ester owing to surging demand
in dietary and medical supplements. MCT demand in dietary supplement is
expected to reach USD 83.5 million by 2022.
·
Key players operating in the industry
include Arkema, Lanxess, Dow Chemical, Chemtura, and DuPont that have
integrated the raw material processing and ester production. Other major
industry participants include Rotuba, Elementis Specialties, Polymer Plastics
Co. LC, PMC Biogenix, Croda International, Valtris Specialty Chemicals,
Innospec, and LG Chem.
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/renewable-chemicals
Grand View Research has segmented the U.S. esters market on the basis of
product:
U.S. Esters Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2022)
·
Fatty esters
o By
product
o Glycerol
monostearate (GMS)
o By
application
o Food
additive
o Emulsifier
for oil & greases
o Pharmaceuticals
o Personal
care & cosmetics
o Others
o Medium
Chain Triglycerides (MCTs)
o By
application
o Dietary
supplements
o Medical
supplements
o Others
o Sorbitan
esters
o By
application
o Personal
care & cosmetics
o Food
additives
o Paints
& pigments
o Pharmaceuticals
o Agricultural
films & plastics
o Others
o Ethyl
glycol monostearate
o By
application
o Personal
care & cosmetics
o Others
o Fatty
acid methyl ester (FAME)
o By
application
o Biodiesel
o Lubricants
o Metalworking
fluids
o Polymer,
coatings, & plasticizers
o Personal
care
o Others
·
Phosphate esters
o By
application
o Lubricant
base stock
o Agrochemicals
o Surfactants
o Flame
retardants
o Plasticizers
o Paints
& coatings
o Others
·
Acrylic esters
o By
product
o Methyl
acrylate
o By
application
o Coatings,
adhesives, sealants, and elastomers (CASE)
o Surfactants
o Plastic
additives
o Textiles
& fibers
o Chemical
synthesis
o Others
o Ethyl
acrylate
o By
application
o Copolymers
& homopolymers
o Chemical
synthesis
o Paints
& coatings
o Others
o Butyl
acrylate
o By
application
o Personal
care & cosmetics
o Paints
& coatings
o Others
o 2-Ethylhexyl
acrylate
o By
application
o Copolymers
& homopolymers
o Pressure
sensitive adhesives
o Paints
& coatings
o Others
o Others
·
Cellulose esters
o By
product
o Cellulose
acetate
o By
application
o Film base
o Coating
additive
o Synthetic
fibers
o Others
o Cellulose
acetate propionate (CAP)
o By
application
o Printing
inks
o Varnishes
& coatings
o Textile
& apparel
o Plastic
processing
o Nail care
products
o Others
o Cellulose
acetate butyrate (CAB)
o By
application
o Coating
additive
o Pharmaceuticals
o Textile
& apparel
o Plastic
processing
o Others
·
Allyl & aromatic esters
o By
product
o Ethyl
acetate
o Ethyl
benzoate
o Methyl
laurate
o N-butyl
stearate (NBS)
o Others
o By
application
o Personal
care
o Agricultural
chemical
o Lubricants
o Pharmaceuticals
o Paints
& coatings
o Surfactants
& detergents
o Others
·
Others
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this Report:
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
