Skip to main content

Strategic Overview of U.S. Esters Market Trend| 2019 – 2022

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.

The US Esters Market is expected to reach USD 4.34 billion by 2022, according to a new report by Grand View Research, Inc.


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.

To Know More About U.S. Esters Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/us-esters-market 

Top Players of U.S. Esters Market:

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.

Market Scenario of U.S. Esters Market:
  • 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.

Inquire about U.S. Esters Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3064 
Labels:

Comments

Post a Comment

Popular posts from this blog

U.S. Liquid Waste Management Market Segments and Key Trend till 2025

Growing organic & non-hazardous liquid waste generation through residential and commercial sources is expected to drive demand over the forecast period. The U.S. Liquid Waste Management Market is expected to reach USD 22.5 Billion by 2025, according to a new report by Grand View Research, Inc. Industrial & residential liquid waste is often associated with water-borne diseases since improper disposal of the waste leads to water pollution, environmental degradation, and soil contamination. As a result, the demand for hygienic liquid waste management services is expected to grow significantly over the forecast period. A major trend arising from the need to improve liquid waste management is the outsourcing of the services to global & competitive players in order to improve the focus on sustainability and meet stringent guidelines. In addition, the government undertakes public-private partnership projects to enhance the efficiency of the waste management process, whi...
Post a Comment
Read more

Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period. The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc. Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in ...
Post a Comment
Read more

Specialty Ingredients Market Figures and Analytical Insights 2019 – 2022

Shift in consumer focus towards organic products coupled with growing demand for anti-ageing and environmental defense skin care products is expected to drive the global specialty ingredients market over the forecast period. The Global Specialty Ingredients Market is expected to reach USD 141.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing preference for healthy and nutritional diet and enhancing growth of high quality pharmaceutical drugs is also expected to have a positive influence on the market growth. Food and beverages dominated the global industry on account of high demand for various beverages, supplements and nutritional dietary products across the globe. Food & beverage industry is expected to experience advancement owing to increasing demand for organic items coupled with high-quality and customized requirements by population over the forecast period. Changing lifestyle has also enhanced preference for nutritional goods whic...
Post a Comment
Read more