ESTERS MARKET ANALYSIS

Esters Market, By Product Type (Monoesters, Diesters, Complex Esters, and Methyl Esters), By Application (Automotive Lubricant, Industrial Lubricant, Aviation Lubricant, Marine Lubricant, and Food Grade Lubricant), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023
Code : CMI3975
Pages :120
Formats :
Excel and PDF
Industry : Specialty and Fine Chemicals

Esters MarketSize and Trends

Global esters market is estimated to reach around US$ 1,813.4 Million by 2030, in terms of revenue, exhibiting a CAGR of 8.6% during the forecast period (2023-2030).

Global Esters Market: Market Trends

Adoption of Esters by Aviation Industry

Launch of aviation lubricants for gas turbines that operates up to 300°F is expected to be a major trend in the market. Dioctyl sebacate and dibasic acid esters are two major aviation lubricants that are used by aviation industry. Rising use of thick multi-grade lubricants to thin synthetic lubricants is another major trend due to growing demand for durable and fuel-efficient lubricants. All these factors are expected to drive the market growth. Increasing production capacity of the esters by manufacturers, in order to meet the global demand is expected to be a major trend.