Esters Market: Driven by Significant Demand for Synthetic Esters in High Temperature Grease Application; Global Industry Analysis and Opportunity Assessment 2016

An Incisive, In-depth Analysis on the Esters Market

This study offers a comprehensive, 360 degree analysis on the Esters market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Esters market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Key Growth Influencers - Esters Market

Rising Demand for High-performance Lubricants from Industrial Sector

Oil, automotive and industrial lubricants are few of the most prominent elements of this rapidly transforming industrial world. Prompt growth of industrialization, supported by economic growth in developing countries, has led to an up surge in manufacturing activities. Advancements in technology such as introduction of automation and increased adoption of modern age machinery such as Industry 4.0, are driving the demand for high-performance lubricants.

The demand for industrial lubricants, which account for over one-fourth of the total lubricants consumed across the globe, is estimated to witness a steady growth in the coming decade. This growth for industrial lubricants is expected to contribute to the consumption of esters as base stocks, hence driving growth in the global esters marketplace.

Availability of Wide Range of Ester-based Fluids with Multiple Properties Propelling Growth

Several types of ester-based fluids such as phosphate esters and silicate esters are widely used as lubricants, hydraulic fluids, and lubricant additives. Phosphate esters are used in fire retardant lubricants for industrial and multi fuel gas turbines & equipment, foundries, and steel mills hydraulic fluids. They are also preferred due to their high resistance to compression in hydro-electric servo systems.

Silicate esters offer excellent low-temperature properties. Silicate esters are being extensively used for low-temperature refrigeration compressor lubrication. Hence, the demand for esters is anticipated to remain strong, owing to their efficient applications in numerous end-use industries along with the limited presence of alternative products in the market.

Stringent Environmental Regulations Associated with Consumption of Esters

Regulations play a significant role in the manufacturing of chemicals and have a direct impact on the esters marketplace as well. Usage of esters in lubricants and food ingredients is highly monitored. It is known that lubricants decompose under heat. That apart, disposal of lubricants with waste water is not easy. Oil- and water-based lubricants pose environmental hazards. Both kinds of lubricants release harmful VOCs and particulate matter such as ash into the atmosphere, which may sometimes react with other particulate matter to form poisonous or polluting substances. As a result, manufactures and users of lubricants must make and use products compatible with local regulations and pollution prevention priorities.

The U.S. EPA (Environmental Protection Agency) and other environmental agencies have listed regulations pertaining to the use of lubricants and lubricant additives. Since base stocks contain almost over 90% of lubricant content, such regulations on lubricants directly impact the esters market. Also, certain environmental policies limit the use of specific esters in food applications depending upon their toxicology results.

Esters Market Structure Analysis

The global esters market is largely fragmented with the presence of numerous large-, small- and medium-scale enterprises. A significant number of key players maintain their strategic focus on the development of solid distribution partnerships, joint ventures, and a firmer global footprint.
One of the key points noted in the esters market is that manufacturers are reorganizing their businesses with a view to lay significant emphasis on certain business areas and establish leadership in the same.
Furthermore, to achieve a stronger and firmer foothold in target regions and specific segments, global ester manufacturers rely strongly on inorganic strategies for developmental growth such as mergers and acquisitions with other players involved in the same business.
- For instance, INEOS acquired Ashland Global Holdings’ composites business division for nearly ~US$ 1 Bn. The former company gains access to a vast product line of vinyl esters with this acquisition.
Expansion into high growth regions is another strategy adopted by key market players.

Esters Market Analysis 2019-2029

A recent market study published by FMI on the esters market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters, our analysts obtain growth prospects of the market with maximum precision.

Esters Market: Segmentation

Product	Application	End-Use Industry	Region
Dibasic Esters Polyol Esters Methyl Esters Nitrate Esters Vinyl Esters Phosphate Esters Acrylic Esters Sucrose Esters Fatty Acid Esters	Lubricants Automotive Lubricants Aviation Lubricants Industrial Lubricants Marine Lubricants Food-grade Lubricants Solvents Plasticizers Fuel and Oil Additives Flame Retardants Insecticides Explosives Surfactants Flavoring Agents	Chemicals Plastic and Polymers Soaps and Detergents Explosive Paints and Coatings Agrochemicals and Domestic Hygiene Products Pharmaceutical Industrial Chemicals Food Automotive and Aviation Marine Textiles Cosmetics and Personal Care Products General Manufacturing	North America Latin America Europe South Asia East Asia Oceania Middle East and Africa

Report Chapters

Chapter 01 – Executive Summary

The report initiates with the executive summary of the esters market, which includes a summary of key findings and statistics of the market. It also includes the demand-side & supply-side trends pertaining to the esters market.

Chapter 02 – Market Overview

Readers can find the definition and a detailed taxonomy of the esters market in this chapter, which will help them understand the basic information about the esters market. Along with this, comprehensive information pertaining to esters and their properties is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the esters market report.

Chapter 03 – Key Market Trends

The esters market report provides key market trends that are expected to significantly impact the market growth during the forecast period. Detailed industry trends are provided in this section.

Chapter 04 – Global Esters Market Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029

This section explains the global market value analysis and forecast for the esters market in the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical esters market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the esters market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the esters market in the forecast period of 2019-2029.

Chapter 05– Market Background

This chapter explains the key macro-economic factors that are expected to influence the growth of the esters market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the esters market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

Chapter 06 – Global Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Product

Based on type, the esters market is segmented into dibasic esters, polyol esters, methyl esters, nitrate esters, vinyl esters, phosphate esters, acrylic esters, sucrose esters, and fatty acid esters. In this chapter, readers can find information about the key trends and developments in the esters market and market attractiveness analysis based on product type.

Chapter 07 – Global Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Application

This chapter provides details about the esters market based on application, and has been classified into lubricants, solvents, plasticizers, fuel and oil additives, flame retardants, insecticides, explosives, surfactants, and flavoring agents. The lubricants segment is further classified into automotive lubricants, aviation lubricants, industrial lubricants, marine lubricants, and food-grade lubricants. In this chapter, readers can understand the market attractiveness analysis based on application.

Chapter 08 – Global Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by End-Use Industry

This chapter provides details about the esters market based on sales channel, and has been classified into chemicals, food, automotive and aviation, marine, textiles, cosmetics and personal care products, and general manufacturing. Further, the chemicals industry is segmented into plastic and polymers, soaps and detergents, explosive, paints and coatings, agrochemicals and domestic hygiene products, pharmaceutical, and industrial chemicals. In this chapter, readers can understand the market attractiveness analysis based on end-use industry.

Chapter 09 – Global Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Region

This chapter explains how the esters market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).

Chapter 10 – North America Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter includes a detailed analysis of the growth of the North America esters market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on segments and countries in North America.

Chapter 11 – Latin America Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides the growth scenario of the esters market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Chapter 12 – Europe Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the esters market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, BENELUX, and the Rest of Europe are included in this chapter.

Chapter 13 – South Asia Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

In this chapter, India and ASEAN countries are prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia esters market. Readers can find detailed information about the growth parameters of the South Asia esters market during the forecast period of 2019-2029.

Chapter 14 – East Asia Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the esters market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the esters market in East Asia.

Chapter 15 – Oceania Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the esters market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the esters market in Oceania.

Chapter 16 – MEA Esters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides information about how the esters market will grow in major countries in the MEA region such as GCC Countries, North Africa, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.

Chapter 17 – Emerging Markets

This section highlights the growth prospects of the esters market for emerging markets such as India, China, and Brazil.

Chapter 18 – Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the esters market, along with their market presence analysis by region and product portfolio.

Chapter 19 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the esters market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Cargill, Inc., The Procter & Gamble Company, Lanxess AG, Arkema SA, and Evonik Industries AG, among others.

Chapter 20 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the esters market report.

Chapter 21 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the esters market.

Sources and Primary Research Splits (%)

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