Market Research Blog

The construction aggregates market to reach a valuation of USD 395.67 billion in 2023. According to Future Market Insights, the market is expected to secure a 4.86% CAGR from 2023 to 2033 and is anticipated to value USD 636.46 billion by the end of 2033.

Increase in infrastructural spending i.e., the growth in population and urbanization, where the demand for infrastructure such as roads, bridges, airports, and housing is rising, with an increase in the demand for construction aggregates. Governments are thus, investing largely in the development of such infrastructural projects, with the growing demand for construction aggregates.

The construction industry also acts as a key driver of the construction aggregates market. It is because of the rise in demand for residential, commercial, and industrial construction projects, which are coupled with the increase in the need for new housing, uplifting the growth of the construction aggregates market.

The rise in population and urbanization, with the need to construct new projects is estimated to increase hugely, thereby leading to higher demand for construction aggregates.

Key Takeaways from this Market Study:

• Sales of the construction aggregates market expanded at a CAGR of 3.2% from 2018 to 2022.
• Growth rate of Asia Pacific for the construction aggregates market is likely to expand at a share of 5.2%.
• Demand for construction aggregates was at 3.8% CAGR from 2016 to 2020.
• North America is estimated to capture a market share of 42%.
• The United States is said to hold a market share of 26.8%.
• Construction aggregates market in the United Kingdom is projected to expand at a CAGR of 4.33%.
• Germany is said to hold a significant share in its region consisting of a market share of 16.2%.
• Construction aggregates market in China is anticipated to reach a market valuation of US$ 143.3 billion.
• Increasing urbanization and industrialization in the country China rises with a CAGR of 3.88%.
• Asia Pacific holds an important position in this market sector with a share of 20.3%.
• India’s market is likely to rise prominently at a growth rate of 5.3%.
• Crushed Stone is said to have a dominant position.
• Crushed stone in the construction aggregate sector rises with a growth rate of 4.2%.
• Applications in Infrastructure are predicted to hold a leading position.
• Infrastructure segment is expected to generate maximum revenue in the construction aggregates market with a share of 33%.

Competitive Landscape:

Some of the Prominent Players in this Market are:

• Heidelberg Cement AG
• Martin Marietta Materials Inc
• LSR Group
• LafargeHolcim Ltd.
• Cemex SAB de CV ADR
• Vulcan Materials Company
• CRH plc
• Adelaide Brighton Ltd.
• Eurocement Group
• ROGERS GROUP INC.

Dive Deep into the Full Report for a Complete Analysis!

Construction Aggregates Market Segments:

By Product Type:

• Crushed Stone
• Sand
• Gravels

By Application Type:

• Commercial
• Residential
• Industrial
• Infrastructure

By Region:

• North & Central America
• South America
• India
• China
• Australia & New Zealand
• The Middle East and Africa
• Rest of Asia Pacific
• Southern & Western Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The acrylic fibre market size is poised to cross a valuation of USD 5,470.6 million in 2023 and is predicted to hit a valuation of USD 8,006.7 million by 2033. The acrylic fibre market share is estimated to expand at a CAGR of 4.2% from 2023 to 2033.

Due to its characteristics, such as softness, lightness, and superb drape, acrylic fibers are frequently used in the textile industry. Due to their comparable warmth and appeal at a lesser price, they are frequently used to replace natural fibers like wool. The textile industry’s rising need for acrylic fibers has fueled the market’s growth.

It is simple to blend acrylic fibers with other fibers, such as cotton, wool, and polyester, improving their qualities and making them appropriate for various applications. The popularity of acrylic fibers is growing because they may be tweaked to match certain specifications for various end-use sectors, including garments, home textiles, upholstery, and industrial uses.

The growing emphasis on health and fitness has increased demand for outdoor and sportswear. These applications benefit from the characteristics of acrylic fibers, such as breathability, resistance to fading, and resistance to pilling. This industry’s demand for acrylic fibers is increasing as consumers want more cozy and long-lasting garments.

The proliferation of e-commerce platforms and online vendors has increased the market for textile items on a worldwide scale. Customers may access a variety of items, including those derived from acrylic fibers, through online retail, improving their visibility and sales, which in turn supports market expansion.

Key Takeaways from Acrylic Fibre Market Report:

• In 2018, the global market size stood at US$ 4,696.1 million.
• The market expanded at a CAGR of 3.1% from 2018 to 2022.
• In 2022, the global market size stood at US$ 5,306.1 million.
• The filament segment captured 58.1% of global market shares in 2022.
• The apparel segment acquired 38.3% of global market shares in 2022.
• India captured 3.8% of global market shares in 2022.
• The United States captured 13.1% of global market shares in 2022.
• China captured 3.2% of global market shares in 2022.
• The United Kingdom captured 4.1% of global market shares in 2022.

Recent Developments Observed by FMI:

• In March 2022, AKSA announced that by acquiring two new production lines, its annual production capacity would increase to 365 kilotons. With a US$ 24 million budget, the project is projected to be finished in 15 months.
• Thai Acrylic Fiber Co Ltd, a subsidiary of Aditya Birla Group, introduced “Regel” recycled acrylic fiber in 2022.
• In 2021, Oak Ridge National Laboratory scientists developed a cheap carbon fiber that might reduce the cost of wind turbine blades. Fibre is initially a readily accessible raw material with large bundles of acrylic fibers used in the textile industry. Any fibers in the material are turned into carbon when it is heated. Pultrusion, a procedure similar to extrusion where the material is dragged through a die instead of being pushed through, transforms the fibers into planks.

Key Players in the Global Market:

• Aksa Akrilik Kimya Sanayii A.
• Dralom
• Aditya Birla Group
• Jilin Chemical Fiber Company
• TAEKWANG INDUSTRIAL CO. LTD.
• Exlan Japan Co. Ltd.
• Kaneka Corporation
• Indian Acrylics Limited
• Pasupati Acrylon Ltd.
• Vardhman Acrylics Ltd.

Access the Full Report for In-Depth Insights Now!

Acrylic Fibre Market Segmentation

By Fiber Form:

• Staple
• Filament

By Dyeing Method:

• Acid
• Gel
• Undyed

By Blending:

• Wool
• Cotton
• Others

By End Use:

• Apparels
• Home Furnishing
• Industrial
• Outdoor

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

According to estimates, the engineering plastic industry will be worth USD1,08,000.92 million by 2023. The valuation was USD 1,01,000.57 million in US dollars in 2022. From 2023 to 2033, the market is anticipated to grow at a compound annual growth rate of 7.2%. By 2033, the market is expected to grow to USD 2,16,458.83 million.

The rise of the engineering plastic market is linked with the rise of industrialization. Industries like automotive, residential, and food & beverage are all making use of engineering plastics. With the rise of incomes all over the world and developing lifestyles, the demand for products like packaged food and cars is increasing. Thus, the rapidly evolving industries are shaping the engineering plastic market.

Engineering plastic is also being used at the forefront of technology. As technology reaches new frontiers, the use of engineering plastic in the electric and electronics industry is expanding. The use of engineering plastic in such advanced fields as robotics, 5G technology, and spacecraft drives the market forward.

The popularity of engineering plastic is due to several benefits provided by the product to manufacturers. Toughness, durability, and chemical resistance are some of the factors that make engineering plastic popular among industry players. The product is easy to handle as well as being lightweight, is also endearing to manufacturers. Companies in the market are investing in research and development to further bolster the qualities of engineering plastic as well as to come up with new products.

“Industry players are working on improving the unsustainable qualities of plastic. Companies are coming up with recyclable products. Government initiatives are also encouraging companies to take up the making of sustainable products. Thus, sustainable plastic production represents an opportunity for the market players,” says an Analyst at Future Market Insights (FMI).

Key Takeaways from the Engineering Plastic Market

• The engineering plastic market is estimated to be worth US$ 1,08,000.92 million in 2023.
• Acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) is the most common product type. ABS and SAN are expected to account for 28.6% of the market share in 2023 by product type.
• Engineering plastic is most commonly applied in the electric and electronic industries. Electrical and electronics application is anticipated to hold 36% of the market share in 2023.
• India and China are two promising Asian countries for the market. For the forecast period from 2023 to 2033, the market is expected to progress at a CAGR of 9.8% and 9.7% in India and China, respectively.
• The United States and Canada lead the way in North America. For the forecast period, the United States and Canada are predicted to grow at a CAGR of 7.5% and 6.5%, respectively.
• France is projected to have one of the fastest growth rates in Europe. For the forecast period, the CAGR for the market in France is pegged at 6.1%.

Competition Analysis of the Engineering Plastic Market

The market is fragmented, with a lot of competitors jostling for space. Investment in research and development is common. Some of the prominent companies in the market include Arkema Group, Asahi Kasei Corporation, BASF SE, and Celanese Corporation.

Recent Developments in the Engineering Plastic Market

• In October 2023, Flambeau Medical inked a partnership with Two Styx Capital (TSC). The expertise in the medical equipment of both brands can be leveraged using the partnership.
• In February 2023, Covestro AG introduced the Makrolon 3638 polycarbonate. Medical devices such as wearable devices and single-use containers are manufactured with the use of the product.
• In July 2022, BASF SE’s new production facility was launched in China, further improving the foothold of the company in the country.

Key Companies in the Engineering Plastic Market

• Arkema Group
• Asahi Kasei Corporation
• BASF SE
• Celanese Corporation
• Covestro
• DSM N.V
• DuPont
• Lanxess
• LG Chem
• Mitsubishi Engineering-Plastics Corporation
• Saudi Basic Industries Corporation (SABIC)
• Solvay SA
• Teijin Limited
• Toray Industries
• Victrex PLC

Discover Detailed Findings in the Complete Report!

Key Segmentation

By Product Type:

• Polyamides (PA)
• Polycarbonates (PC)
• Polyoxymethylene (POM)
• Polybutylene terephthalate (PBT)
• Acrylonitrile butadiene styrene (ABS)
• Styrene Acrylonitrile (SAN)
• High Performance Polymers
• Fluoropolymers
• Polymethyl methacrylate (PMMA)
• Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.)

By Application:

• Automotive and transportation
• Electrical and electronics
• Construction
• Medical
• Industrial and machinery
• Packaging
• Others (includes furniture and fixtures, sports goods, leisure products, etc.)

 By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The electrical steel market is estimated at USD 42,135.7 million in 2023, with a projected value of USD 44,326.7 million by 2033. The demand for electrical steel is expected to rise at a CAGR of 6.5% from 2023 to 2033. The electrical steel industry is propelled by the increasing demand for electricity across various sectors, including energy, automotive, and manufacturing.

The emphasis on energy efficiency and the rapid expansion of the renewable energy sector contribute to the heightened demand for electrical steel products. Moreover, the ongoing advancements in electrical infrastructure, such as the modernization of power grids and the development of smart cities, bolstered the need for high-quality electrical steel.

The industry faces several challenges, including fluctuating raw material prices, which can significantly impact the production costs of electrical steel. Additionally, the emergence of alternative materials, such as aluminum and plastics, threatens the demand for electrical steel. Stringent environmental regulations and compliance requirements also hinder the industry’s growth, as adherence to these standards can increase manufacturers’ operational costs.

With the increasing emphasis on sustainable energy solutions, investing in new technologies for the production of eco-friendly electrical steel presents a promising avenue for growth. Expanding into emerging markets, particularly in regions witnessing rapid industrialization and infrastructural development, offers significant market penetration and expansion potential.

Focusing on niche markets, such as high-performance electrical steel applications, could provide a competitive edge for industry players. The industry is witnessing a shift toward the development of high-performance electrical steel products that offer enhanced magnetic properties and energy efficiency. This trend is largely driven by the increasing demand for advanced electrical steel to produce transformers and motors.

“There is a growing emphasis on the adoption of sustainable manufacturing practices, encouraging the integration of eco-friendly processes and materials in the production of electrical steel.” – Says Lead Analyst.

Key Takeaways from the Electrical Steel Market:

• Grain-oriented electrical steel dominates the industry, with a significant market share of 51.7% in 2023.
• Motors emerged as the top application type, capturing a substantial market share of 45.6% in 2023.
• The United States maintains a resilient position in the electrical steel market with a projected CAGR of 5.40% through 2033.
• Canada’s electrical steel market is expected to witness a steady CAGR of 6.10% through 2033.
• Germany sustains its growth momentum with a robust CAGR of 6.00% through 2033 in the electrical steel market.
• Italy exhibits a steady CAGR of 5.10% through 2033 in the electrical steel industry.
• France showcases a notable CAGR of 7.00% through 2033 in the electrical steel market.
• The United Kingdom maintains a robust CAGR of 6.50% through 2033 in the electrical steel industry.
• Spain sustains its growth trajectory with a stable CAGR of 5.60% through 2033 in the electrical steel market.
• China’s demand for electrical steel is rising, with a projected CAGR of 7.20% through 2033.
• India’s adoption of electrical steel is expected to rise at a CAGR of 8.20% through 2033.
• Japan’s electrical steel industry projects a CAGR of 6.30% through 2033.
• The demand for electrical steel in ASEAN is projected to rise at a CAGR of 7.40% through 2033.
• Australia and New Zealand (ANZ) demonstrate an expected CAGR of 6.20% in the electrical steel market through 2033.

Competition Outlook of the Electrical Steel Market

The electrical steel market is marked by intense competition among key players striving to secure their positions and expand their market share. Key market players, including ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, JFE Steel, POSCO, ThyssenKrupp, NSSMC, AK Steel, Baosteel, TATA Steel, and Masteel are actively engaged in various strategic initiatives to maintain their competitive edge and meet the evolving demands of the industry.

These companies are focusing on crucial strategies such as investing in research and development to develop innovative electrical steel products, expanding their global presence to tap into new markets and broaden their customer base, and emphasizing superior customer service to build and maintain strong relationships with their clientele.

Recent Developments by Players in the Electrical Steel Market

• NSSMC developed a new type of electrical steel that is 50% more durable than conventional.
• AK Steel announced plans to build a new electrical steel production facility in the United States. The facility is expected to start operations in 2023, with a production capacity of 500,000 tons annually.
• Baosteel developed a new type of electrical steel that is 30% more corrosion-resistant than conventional.
• TATA Steel announces plans to invest US$ 1 billion in its electrical steel production facilities in India. To increase production capacity and improve the quality of the steel.
• Masteel developed a new type of electrical steel that is 40% more recyclable than conventional.

Gain Detailed Understanding by Reviewing the Complete Report!

Key Segments

By Product Type:

• Grain-oriented Electrical Steel
• Non-grain Oriented Electrical Steel
  • Fully-processed
  • Semi-processed

By Application:

• Inductors
• Motors
  • 1 HP to 100 HP
  • 101 HP to 200 HP
  • 201 HP to 500 HP
  • 501 HP to 1000 HP
  • Above 1000 HP
• Transformers
  • Transmission
  • Portable
  • Distribution

By End Use:

• Automobile
• Manufacturing
• Energy
• Household Appliance
• Others (Construction, Fabrication)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global magnesium oxide market presents a dynamic landscape driven by its versatile applications across several industries and its fundamental role in enhancing the performance of diverse products and processes. Magnesium oxide (MgO) finds substantial traction due to its unique properties and wide-ranging uses.

The global magnesium oxide market value totaled USD 4,363.2 million in 2023 and is expected to reach USD 8,310.7 million by 2033. Over the assessment period, global magnesium oxide demand is projected to surge at a CAGR of 6.6%.

Magnesium oxide’s adaptability and indispensable role across diverse sectors will likely boost market growth. From reinforcing industrial processes to contributing to agricultural productivity and environmental remediation, magnesium oxide stands as a versatile and essential compound.

The construction industry is a prominent user of magnesium oxide, where it finds application in refractory cement and insulation materials. With the construction sector witnessing robust growth globally, the demand for magnesium oxide is expected to rise significantly.

The global magnesium oxide market is influenced by factors such as industrialization, infrastructure development, technological advancements, and environmental considerations. Similarly, the rising usage of magnesium oxide in the pharmaceutical sector will likely boost sales.

Key Takeaways from the Report-

• The global market for magnesium oxides is projected to thrive at 6.6% CAGR through 2033.
• By product type, the magnesium oxide DBM segment is expected to total US$ 4,806.1 million by 2033.
• Based on application, the refractory segment is set to hold a market share of 58.2% in 2023.
• East Asia is expected to account for a significant share of about 54.6% in 2033.
• The United States industry value is predicted to total US$ 335.6 million by 2033.
• China is projected to attain a valuation of US$ 4,190.6 million by 2033.
• Sales in India are predicted to rise at 9.4% CAGR through 2033.

“Expanding industrial sectors like construction and refractories, coupled with escalating environmental regulations, is expected to provide the impetus for the growth of the magnesium oxide market during the forecast period,” says an Analyst at Future Market Insights, Inc.

Who is Winning?

RHI Magnesita, Grecian Magnesite S.A, Martin Marietta Materials Inc., Ube Corporation, and Premier Magnesia are the leading magnesium oxide manufacturers profiled in the full version of the report.

Key companies are focusing on increasing their production capacities to meet growing end-user demand. They are establishing new manufacturing plants and integrating advanced mining and extraction technologies. Several players also employ strategies like acquisitions, partnerships, and collaborations to stay ahead of the competition.

Key Companies Profiled:

• RHI Magnesita
• Grecian Magnesite S.A
• Martin Marietta Materials Inc
• Ube Corporation
• Premier Magnesia, LLC
• Israel Chemicals Ltd.
• Kumas Manyezit Sanayi A.S
• Konoshima
• Nedmag
• Nanoshel

Recent Development:

• In January 2023, RHI Magnesita announced the complete acquisition of Dalmia Bharat Refractories Limited.

Uncover Extensive Insights with the Full Report!

Magnesium Oxide Market Segmentation

By Product Type:

• CCM (80% to 85%)
• DBM (90% to 94%)
• Fused MgO (95% to 99%)

By Application:

• Agrochemical
• Construction
• Refractories
• Chemical
• Rubber Processing
• Pharmaceutical
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global esters market is anticipated to reach a valuation of USD 94.19 billion in 2023, driven by various end-use applications. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 5.4% between 2023 and 2033. It is estimated to gain a valuation of approximately USD 159.36 billion by 2033.

The lubricant business has worked tirelessly to provide high-performance lubricants that benefit the aerospace, automotive, and industrial sectors. One such innovation was the use of synthetic esters in the production of very effective lubricants.

Esters are being employed more often in the creation of lubricants as appropriate replacements for conventional base oils due to their biodegradability as well as low toxicity. At a certain viscosity, they are substantially less volatile than other lubricant base oils and have the propensity to lubricate even at very high temperatures.

An increase in manufacturing activity has been brought on by rapid industrialization backed by a growth in emerging nations’ economies. The use of new machinery like Industry 4.0 and other technological advancements like automation are expanding, which is driving up demand for high-performance lubricants. This in turn is bolstering the global demand for esters.

Key Takeaways from the Market Study

• The esters market increased at a CAGR of 4.5% from 2018 to 2022.
• The esters market in the United States is expected to account for 33.7% of all sales in 2023.
• China is predicted to take 23.4% of the global market share for esters in 2023.
• By the end of 2023, the Japan esters market will hold 7.5% of the global market.
• By 2023, it is expected that the France esters market would increase its market share by 8.3%.
• By 2023, a 9.8% market share is anticipated for the United Kingdom esters industry.
• The automobile and aviation category will expand quickly with 5.4% CAGR throughout the projection period.
• Polyol esters will account for more than 60% of the market for esters globally in 2023.

“The rise in the cosmetics and personal care sector, the desire for sustainable as well as bio-based chemicals, and the increased use of esters as lubricants and plasticizers are the main drivers of the global esters market,” remarks an FMI analyst.

Competitive Landscape

To expand their product offers on the global market, esters producers actively invest in product and technological advances, research and development expenses, and industrial alliances.

There are several independent manufacturers of alcohol and oleochemicals. These independent manufacturers deliver raw ingredients to ester producers via a significant distribution network.

Product Portfolio

• The creation of ester-based polymers, including polyethylene terephthalate (PET), is a specialty of Mitsubishi Chemical Corporation. PET is frequently used to make packaging materials, plastic bottles, and textile fibers.
• Many of the synthetic lubricants produced by ExxonMobil contain ester base stocks. These ester-based lubricants are renowned for their remarkable thermal and oxidative resilience and are created for applications that require exceptional performance.
• Cargill, a significant leader in the food sector, provides a variety of esters-based food components. Emulsifiers and texturizing chemicals used in food preparation might be examples of these.
• Esters may be an ingredient in any of the many consumer goods made by P&G. These include cosmetics and skincare products for personal care, as well as home cleaning goods that may include esters.

Access the Complete Report for a Comprehensive Overview!

Prominent players in the esters market are:

• Mitsubishi Chemical Corporation
• Exxon Mobil Corporation
• Cargill, Inc.
• The Procter & Gamble Company
• Lanxess AG
• Arkema SA
• Evonik Industries AG

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global esters market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the esters market, the market is segmented on the basis of product (dibasic esters, polyol esters, methyl esters, nitrate esters, vinyl esters, phosphate esters, acrylic esters, sucrose esters, fatty acid esters), application (lubricants, automotive lubricants, aviation lubricants, industrial lubricants, marine lubricants, food-grade lubricants, solvents, plasticizers, fuel and oil additives, flame retardants, insecticides, explosives, surfactants, flavoring agents), end-use industry (chemicals, food, automotive and aviation, marine, textiles, cosmetics and personal care products, general manufacturing) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:     

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube