Carboxylic Acids Based Esters Market - Global Industry Analysis, Forecast 2015 – 2023

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Research

Carboxylic Acids Based Esters Market - Global

Industry Analysis, Size, Share, Growth, Trends and

Forecast 2015 - 2023

Published Date

13-Jan-2016

137 Page Report

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Press Release

Global Carboxylic Acids-based Esters Market to Reach US$13.43

bn by 2023, Paints and Coatings Industry Exhibits Steady

Demand : TMR

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Carboxylic Acids Based Esters Market

REPORT DESCRIPTION

Carboxylic Acids Based Esters Market - Global Industry Analysis, Size, Share, Growth, Trends and

Forecast 2015 - 2023

Carboxylic acids based esters are usually formed when alcohol reacts with carboxylic acid. It is a type of

condensation reaction and popularly known as “Esterification” in organic chemistry. Carboxylic acids based

esters are notably popular among paints & coatings manufacturers as these can replace hazardous air

pollutants (HAP) in the formulation of paints, coatings, and inks. Strong growth in the global building &

construction industry has provided momentum to the paints and coatings segment, which is expected to be the

largest application of the market between 2015 and 2023. Furthermore, low molecular weight of these esters

results in low boiling point and fast evaporation rate. Thus, it also has a wide acceptance as solvent for printing

application. Carboxylic acids based esters have a fruity aroma. Hence, food technologists use it as artificial

flavors in foods & beverages. Some of the synthetic esters are widely used as substitutes to natural and

essential oils in various applications including perfumes, deodorant, body mist, and air fresheners. Volatility in

raw material prices is expected to hamper market growth. Crude oil, the major raw material source of several

carboxylic acids and alcohols, has been witnessing large price fluctuation over the past few...