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Demand for Aromatic Food and Beverages is the Major Factor Boosting the Growth of Global Carboxylic Acids Based Esters Market - TMR

A report by Transparency Market Research on global carboxylic acids based esters market states that the market is projected to witness a substantial growth in the forecast period of 2015 to 2023. As per the report the market is expected to witness a consistent 5.3% CAGR during the projected tenure. With this rate the global carboxylic acids based esters market is anticipated to generated revenue of US$ 13.43 bn by the end of 2025. It is noticeable that the market stood at US$ 8.45 bn during 2014. This estimated revenue by the market states that the players have high growth potential and can achieve new milestones for their business during the projected tenure.

Growing Use of Synthetic Fragrances in Several Industries to Fuel the Market

Carboxylic acids esters have extensive application in industries like skincare, healthcare, and various other end user industries. For instance, there are several skin products like facial creams, and lotions that have carboxylic acids esters in them. These esters provide a distinct fragrance to the products, which attracts new customers. As a result, the sale of the company improves substantially. Hence, with the widespread application of the these esters in various industry, the global carboxylic acids based esters market is projected to grow with great momentum in the estimated time frame of 2015 to 2023.

Ups and Downs of the Crude Oil Prices to Hamper the Market

The crude oil prices are facing massive fluctuations these days. Since the key component of these esters is derived during distillation of the crude oil, its unit price plays a key role in the development of global carboxylic acids based esters market. However, since, the price does not remain constant for a longer period of time, the stability of the raw material’s price shall vary in the duration. Due to this variation in price, the global carboxylic acids based esters market’s growth may get hampered considerably in the projected duration. However, the technological development have led to development of synthetic carboxylic acid that can effectively produce carboxylic acids based esters. These developments are expected to support the global carboxylic acids based esters market to maintain it growth from 2015 to 2023.

Food and Beverage Industry to be the Largest End-Users

The demand for various fragrance in food and beverage has grown exponentially over past few years. The people across the globe are enjoying the food that not just looks or tastes good, they are demanding food that is magnificent aroma. To cater to this demand, the food manufacturers are calling for the use of edible carboxylic acids based esters that can give that tempting aroma to the food products. With the growth in the number of food manufacturers using carboxylic acids based esters, the global carboxylic acids based esters market is growing exponentially from 2015 to 2023.

The global carboxylic acids based esters market is segmented on the basis of:

  • Product
    • Methyl acetate
    • Ethyl acetate
    • N-propyl acetate
    • Isopropyl acetate
    • Isobutyl acetate
    • N-Butyl acetate
    • Eugenyl acetate
    • Isoamyl acetate
    • Phenethyl acetate
    • Methyl propionate
    • Ethyl propionate
    • Propyl propionate
    • Butyl propionate
    • Geranyl propionate
    • Phenethyl propionate
    • Methyl butanoate
    • Ethyl butanoate
    • Propyl butanoate
    • Butyl butanoate
    • Methyl valerate
    • Ethyl valerate
    • Iso-propyl-valerate
    • Butyl valerate
    • Isobutyric acid N-propyl ester
    • Isobutyric acid Iso-propyl ester
    • Phenethyl isobutyrate
    • Butyl isovalerate
    • Geranyl isovalerate
    • Methyl caproate
    • Ethyl caproate
    • Butyl caproate
  • Application Analysis
    • Paints & coatings
    • Printing inks
    • Cosmetics & personal care
    • Pharmaceuticals
    • Flavors & fragrances
    • Others
  • Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa (MEA)

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