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Esters Market was valued at USD 76.28 billion in 2021 and is expected to reach USD 125.30 billion by 2029, registering a CAGR of 6.4% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
A non-hydrocarbon organic compound called ester is created when a carboxylic acid and an alcohol react. It can be acquired either naturally or artificially. Natural seed oils, including rapeseed, soy, and sunflower oil are the main sources of the occurring ester. Synthetic esters can be used as an oil additive, adhesive, sizing agent, binder, and many other things because of their great oxidation stability and low pour point. Finally, it finds usage in various end-use sectors, including construction, lubricants, paint and coatings, pulp and paper, cosmetics and personal care, and others.
Some of the major players operating in the esters market are:
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