DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Esters Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.
The global esters market is witnessing growth, owing to the growing automotive industry, technological advancements, increasing demand of coatings in construction industry, and increasing demand for esters in lubricant, personal care and cosmetic industries. Moreover, the increasing adoption of environmentally acceptable lubricants (EAL), increasing penetration of automotive industry in developing countries, and commercial adoption of bio-based esters are anticipated to create huge revenue generation opportunities for the major manufacturers of esters.
However, fluctuating raw material prices, uncertain global economic conditions, and stringent environment regulations are expected to hinder the growth of the global esters market to some extent. The fluctuation of crude prices plays an important part in ester pricing, as esters are chemically synthesized from petroleum derivatives including high production cost and complex processing. In addition, the high cost of ester based lubricants may also hamper the growth of the global esters market.
Asia-Pacific accounted for the largest share in the global esters market in 2015; and it is also expected to witness the highest growth during 2016 - 2022. Asia-Pacific is the largest market in terms of consumption as well as production, owing to the factors such as easy availability of raw materials and rapid growth of industries and production capacities in developing countries, such as China and India.
Croda International Plc.
Exxon Mobil Corporation
The Dow Chemical Company
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Esters Market Size And Forecast (2012 - 2022)
5. Global Esters Market, By Geography
6. Competitive Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/hbtwzj/global_esters