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

Transparency Market
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...