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.
Browse full research report with TOC on “U.S. Esters Market Analysis By Product (Fatty Acid, Phosphate, Acrylic, Cellulose, Allyl & Aromatic) And Segment Forecasts To 2022” at: http://www.grandviewresearch.com/industry-analysis/us-esters-market
U.S. esters market volume by product, 2012-2022 (Kilo Tons)
Further key findings from the report suggest:
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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.
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Cellulose esters are anticipated to emerge as the fastest growing product segment and reach a net demand of 255.2 kilo tons by 2022.
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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.
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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.
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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: http://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
- By product
- Glycerol monostearate (GMS)
- By application
- Food additive
- Emulsifier for oil & greases
- Pharmaceuticals
- Personal care & cosmetics
- Others
- By application
- Medium Chain Triglycerides (MCTs)
- By application
- Dietary supplements
- Medical supplements
- Others
- By application
- Sorbitan esters
- By application
- Personal care & cosmetics
- Food additives
- Paints & pigments
- Pharmaceuticals
- Agricultural films & plastics
- Others
- By application
- Ethyl glycol monostearate
- By application
- Personal care & cosmetics
- Others
- By application
- Fatty acid methyl ester (FAME)
- By application
- Biodiesel
- Lubricants
- Metalworking fluids
- Polymer, coatings, & plasticizers
- Personal care
- Others
- By application
- Glycerol monostearate (GMS)
- By product
- Phosphate esters
- By application
- Lubricant base stock
- Agrochemicals
- Surfactants
- Flame retardants
- Plasticizers
- Paints & coatings
- Others
- By application
- Acrylic esters
- By product
- Methyl acrylate
- By application
- Coatings, adhesives, sealants, and elastomers (CASE)
- Surfactants
- Plastic additives
- Textiles & fibers
- Chemical synthesis
- Others
- By application
- Ethyl acrylate
- By application
- Copolymers & homopolymers
- Chemical synthesis
- Paints & coatings
- Others
- By application
- Butyl acrylate
- By application
- Personal care & cosmetics
- Paints & coatings
- Others
- By application
- 2-Ethylhexyl acrylate
- By application
- Copolymers & homopolymers
- Pressure sensitive adhesives
- Paints & coatings
- Others
- By application
- Others
- Methyl acrylate
- By product
- Cellulose esters
- By product
- Cellulose acetate
- By application
- Film base
- Coating additive
- Synthetic fibers
- Others
- By application
- Cellulose acetate propionate (CAP)
- By application
- Printing inks
- Varnishes & coatings
- Textile & apparel
- Plastic processing
- Nail care products
- Others
- By application
- Cellulose acetate butyrate (CAB)
- By application
- Coating additive
- Pharmaceuticals
- Textile & apparel
- Plastic processing
- Others
- By application
- Cellulose acetate
- By product
- Allyl & aromatic estersOthers
- By product
- Ethyl acetate
- Ethyl benzoate
- Methyl laurate
- N-butyl stearate (NBS)
- Others
- By application
- Personal care
- Agricultural chemical
- Lubricants
- Pharmaceuticals
- Paints & coatings
- Surfactants & detergents
- Others
- By product
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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.
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