Ester Market Opportunity | Size, Trends and Industry Analysis Report by Material and Regional Outlook, Application Potential
Market Overview: Ester is synthesized from inorganic and organic acids by dehydration with alcohol. Naturally, derived esters comprise of oils, fats, and triglycerides. A common type of esters consists of nitrate esters, fatty acid esters of glycerol, and others depending on the alkyl or aromatic group. It provides multi-functional properties such as superior spreadability, high oxidation stability, and less pour point, which makes them suitable for utilization in various ends use industries such as food & beverage, cosmetic & personal care, paint & coatings, construction, pulp & paper, lubricant, and others. Some of the important factors that positively influence the growth of ester market insight are improving construction industry, expanding automotive industry, and rising mining activities in developing countries. In the recent years, increasing growth of the automotive sector is observed due to the investment of key manufacturers in emerging economies on account