Ester Market Revenue, Growth Size, Key Factors, Major Players, Growth, Trends, Forecast
Market Overview: Lactic acid ester market 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 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 of ...