U.S Esters Market Analysis: By Product Type (Glyceryl Monostearate, Medium Chain Triglyceride Oil, Isopropyl Palmitate and Isopropyl Myristate, Others), By Application (Food & Beverages, Personal care & cosmetics, Textile, Personal care & cosmetics, Packaging, Surfactants, Lubricant, Others), By End User (Food, Personal Care & Cosmetics, Functional Fluids, Other Applications), and Country  

U.S Esters Market Analysis Esters are chemical compounds containing carbonyl group adjacent to ether linkage. These are usually synthesized from organic or inorganic acids by dehydration with alcohol. Naturally occurring esters include fats, oils and triglycerides. Major types of esters include fatty acid esters of glycerol, nitrate esters, polyesters and others depending on alkyl or aromatic group it contains. The applications of esters include lubricants, cosmetics, plastics, resins, explosives, bio-fuel, surfactants and synthesis of various industrial chemicals. Growing demand for esters from cosmetics, lubricants, paper and personal care industry is expected to drive the market growth. Fatty esters are used in cosmetics products as a replacement of petroleum products. These are derived from vegetable oils and other renewable raw materials, hence human health hazards of fatty esters are claimed to be null. Demand for fatty acid based cosmetic products in Asia Pacific is expected to fuel the market growth. Asia Pacific is the largest producer of vegetable oil and other naturally derived oils such as palm oil, soya oil and sunflower oil. Also, demand for esters from lubricant industry is expected to fuel the market growth. 

U S Esters Market Key Developments:

• In July 2018, ABITEC Corporation, a global manufacturer of specialty lipids, has executed a multi-year agreement with distribution partner DKSH to market and sell its ingredients into select markets.