Skip to main content

Posts

Showing posts with the label Esters Industry

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 textil