Esters are compounds derived from organic or inorganic acids by replacing the last hydroxyl group by an alkyl group. Esters can be subdivided into two groups: ethyl esters and acetate esters. Ethyl esters are made up of short chain alcohol group and longer chain fatty acids, while acetate esters consist of short chain acetic acid group and longer chain alcohol group. Acetate esters act as powerful solvents across a wide range of resins. They are compatible with most common organic solvents. These solvents have slow, controlled evaporation rate, low surface tension, low water solubility, and higher gloss.

Led by the increase in automotive sales in developing economies, acetate esters are employed extensively in top coat marines. This is anticipated to drive the acetate esters market in the near future. Furthermore, rise in demand for high gloss surface coatings in various applications is estimated to boost the demand for acetate esters during the forecast period.

Companies operating in the global acetate esters market strive to explore new and better ways to manufacture acetate esters. Development of new processes to produce acetate esters is estimated to propel the market in the near future. However, volatility in prices of raw materials is projected to hamper the acetate esters market during the forecast period.

In terms of product, the global acetate esters market can be segmented into butyl acetate, methyl acetate, cellulose acetate, vinyl acetate, and others. The vinyl acetate segment is likely to expand at a rapid pace in the next few years due to the rise in demand for high gloss surface coatings in the automotive industry in developing economies across the globe.

Based on application, the global acetate esters market can be divided into topcoat & primer, maintenance & marine, high solids, wood lacquer, and polymerization. The topcoat & primer segment is expected to expand at a significant pace during the forecast period due to the consistent usage of acetate esters in various paints and coatings across the globe.

In terms of region, the global acetate esters market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Europe and North America are anticipated to constitute major share of the global market during the forecast period. The acetate esters market in Asia Pacific is estimated to expand at a rapid pace due to the rise in per capita income in developing economies such as China and India. Increase in per capita income is boosting the spending power of consumers in the region. This, in turn, is estimated to propel the demand for high quality products in Asia Pacific. Additionally, growth in usage of acetate esters in making highways is fueling the acetate esters market in the region. Middle East & Africa is expected to be a lucrative region of the global acetate esters market during the forecast period, led by the increase in demand for acetate esters in high load bearing roads in the region.

Prominent players operating in the global acetate esters market include INEOS Holdings Limited, Hallstar Company, Eastman Chemical Company, and Solventis Ltd. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.