Global Ester Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Ester Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

In chemistry, an ester is a compound derived from an acid (organic or inorganic) in which the -OH group has been replaced by -OR group. Analogues derived from oxygen replaced by other chalcogens belong to the ester category as well.

Market Overview:

The latest research study on the global Ester market finds that the global Ester market reached a value of USD 88847.39 million in 2023. It’s expected that the market will achieve USD 129655.87 million by 2029, exhibiting a CAGR of 6.5% during the forecast period.

There is a growing demand for esters in the cosmetics industry

Esters enhance the feel and performance of other ingredients, help smooth skin texture and play a protective role, and provide a sequence of functional benefits in care products, such as moisturizing, moisturizing and softening properties, which make them an important component in skin care products, including creams and lotions. Essence, etc. In addition, esters can also simplify the formulation process and improve the performance of cosmetics. The growing global demand for care products is expected to drive the growth of the industry. In addition, consumers are increasingly aware of the impact of skin care products on skin and health, and are looking for products made with natural organic ingredients. This trend is driven by the belief that the use of natural organic ingredients in skin care products can improve skin health and a more youthful appearance. Therefore, due to the increasing preference of consumers for natural and sustainable care products, this trend has led to the increasing application of natural esters in cosmetics, such as esters extracted from natural plants such as coconut oil, shea butter, Jojoba oil, so the growth of the market segment industry will drive the development of this industry. Moreover, the technological advances caused by the investment in the research of ester products, such as enhanced stability and better texture, will further promote the growth of the application of ester products in the field of cosmetics and promote the continuous development of the industry.

Expansion of esters in the lubricant industry

Ester products are an important component of lubricating oil, such as in internal combustion engine oil, it can make the oil film fixed adsorption in the engine, solve the dry friction of cold car start, while good thermal stability. It has less sediment and good low temperature fluidity, can save fuel, reduce engine noise, and keep the surface of the engine part clean; In the two-stroke oil, it is mainly dimer acid ester and polyol ester, which can reduce the accumulation of sticky ring and sediment in the inner cavity, improve the ignition performance, and its lubricity is better than that of hydrocarbons. In the compressor oil, it has superior lubricity, thermal stability and conductivity, which can make the compressor run at lower cost and more safe; In aviation lubricants, dioctyl sebacate and dibasic acid ester are the two main aviation lubricants used in the aviation industry, which have good stability and superior lubricity. In addition, with the increase of jet engine power, the thermal stability requirements for lubricants increase, and aviation lubricants with operating temperatures up to 300°F are expected to become the main trend in the market; In addition, there are also hydraulic oil, high temperature chain oil, automobile gear oil, oil drilling lubricants, metal processing oil, automobile wheel oil and so on. Ester products are widely used in the lubricant industry, and the growth of its subdivided application downstream will promote the development of the industry, for example, the continuous development of the global automotive and industrial industries will promote the growth of industry demand.

Region Overview:

In 2022, the share of the Ester market in Europe stood at 34.61%.

Company Overview:

Mitsubishi Chemical Corporation is one of the major players operating in the Ester market, holding a share of 4.28% in 2023.

Mitsubishi Chemical Group Corp (MCGC), formerly, Mitsubishi Chemical Holdings Corp is a diversified chemical company. Its products and services include advanced polymers, high-performance chemicals, high-performance films, advanced moldings and composites, petrochemicals, carbon, industrial gases, methyl methacrylate, and environment and living solutions. MCGC also provides ethical pharmaceuticals, diagnostic reagents and instruments, capsules and pharmaceutical equipment, active pharmaceutical ingredients and intermediates, and self-health check services. It serves several sectors, including mobility, environment and new energy, information technology, electronics and display, medical, food and bio products, packaging, labels and films and healthcare.

Segmentation Overview:

By type, Synthetic Esters segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Ester market covered in Chapter 3:

Procter & Gamble
DowDuPont
Croda International Plc
Cargill Incorporated
Hexion
Ashland
Solvay
Evonik Industries (Advent International)
Teknor Apex
Huntsman
Kao Corporation
PMC Biogenica
Celanese
Eastman
Arkema
Oleon N.V.
Mitsubishi Chemical Corporation
Hallstar
Calumet Specialty Products Partners
Lanxess
ZSCHIMMER & SCHWARZ
Covestro
Esterchem
Exxon Mobil Corporation
New Japan Chemical Co., Ltd.
NYCO
BASF SE
Monument Chemical
Lonza

In Chapter 4 and Chapter 14.2, on the basis of types, the Ester market from 2019 to 2030 is primarily split into:

Natural Esters
Synthetic Esters

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ester market from 2019 to 2030 covers:

Personal and Home Care
Industrial
Agriculture
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)