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Esters Market expected to grow at a CAGR of 6.5% during 2016 to 2026 Business Articles | July 19, 2016

Future Market Insights has announced the addition of the “Esters Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.



According to the latest market report published by Future Market Insights (FMI), titled “Esters Market: Global Industry Analysis and Opportunity Assessment 2016-2026” Nike Air Max Trainers UK , the Esters market is expected to be valued at US$ 635.7 Mn by 2016 end and expand at a CAGR of 6.5% from 2016 to 2026, accounting for US$ 1,191.0 Mn by 2026.


‘Esters’ can be defined as the reaction products of acids and alcohols. Esters are small but an important part of the synthetic lubricants family and are found to be very useful for various applications in severe environment conditions. Esters are being used exclusively in jet engines lubrication mainly due to their unique combination of clean high temperature operation with low temperature flow ability. Key macroeconomic indicators directly influencing the global consumption of esters are growth of the synthetic lubricants market Nike Air Max Cheap Wholesale UK , industrial lubricants market and food grade lubricants market.


Esters are increasingly being used in industrial applications where the number of products, applications and operating conditions are immense. The high performance properties and custom design versatility of esters make them ideally suitable for certain niches in the industrial applications such as high temperature industrial oven chain lubricants and reciprocating air compressors. Rising demand for fatty acid esters and increasing adoption of Environmentally Acceptable Lubricants (EAL) for Vessel General Permit (VGP) are some of the major factors driving growth of the global esters market currently. Maintenance of ester lubricants requires expensive tools and equipment and involves high maintenance costs.? Another potential disadvantage of esters is their ability to react with water or hydrolyse under certain conditions. However, in cases where the application leads to hydrolysis of ester Cheap Nike Air Max UK , its structure can be changed to improve its hydrolysis stability.


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On the basis of product type, the esters market has been segmented into monoesters, diesters Nike Air Max Wholesale UK , complex esters and methyl esters. In 2016, the complex esters segment is estimated to account for a major share of the global esters market and is expected to continue to dominate the market till 2026. The methyl esters segment is expected to expand at the highest CAGR of 7.0% in terms of value, during the forecast period (2016-2026).


On the basis of application Nike Air Max UK , the esters market has been segmen. Cheap Jerseys Cheap Jerseys Free Shipping Wholesale NFL Jerseys Cheap Football Jerseys Cheap NFL Jerseys Cheap Authentic NFL Jerseys Wholesale NFL Jerseys China Wholesale NFL Jerseys Cheap Authentic NFL Jerseys Wholesale NFL Jerseys Free Shipping