Global Bio-based Esters Market: Industry Analysis and Forecast (2021-2027) by Source, Application, and Region

By 2027, the Global Bio-based Esters Market is expected to reach US $2.31 billion, thanks to growth in the paints and coatings segment. The report analyzes market dynamics by region and end-user industries.

Global Bio-based Esters Market Overview:

The global bio-based esters market was valued at US $1.43 Bn. in 2020, and it is expected to reach US $2.31 Bn. by 2027 with a CAGR of 8.32% during the forecast period. Esters can be used as platform chemicals in bio-based fuels, plastic monomers, perfumes, flavours, and solvents, hence metabolic engineering for the generation of bio-based esters has recently gotten a lot of interest. The most prevalent esters are those made from carboxyl acid. The interaction of alcohols and carboxylic acids in the presence of sulfuric or hydrochloric acid produces these esters. Esters originating from natural resources such as soybean, maize oil, canola oil, and palm oil are known as bio-based esters. Global Bio-based Esters Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Bio-based Esters Market Dynamics:

The massive growth of the paints and coatings market can be linked to the growth of industries including public works, real estate, and building and construction. Increased worries about synthetic solvents' high VOC content and improved awareness among end-users about the use of eco-friendly products are expected to drive demand for eco-friendly ester products. Bio-based esters are used to make green solvents. Soybean oil, corn, sugarcane, refined glycerin, bio-succinic acid, and lactic acid are some of the agricultural sources. When compared to green solvents, petroleum-based solvents have a far bigger environmental footprint. As a result, demand for bio-based esters is expected to rise over the forecast period as the popularity of eco-friendly solvents in the paints and coatings market grows. End-users and personal care product manufacturers are concerned about the environmental impact of various items and chemicals. The global personal care market is seeing a surge in demand for sustainable goods as people become more aware of the negative consequences of synthetic components. The fluctuating prices of crude oil in the international market affects directly the production cost of esters. Thus, it is expected to hinder the market growth over the forecast period.

Global Bio-based Esters Market Segment Analysis:

Based on Source, the global bio-based esters market is segmented into single types as follows, Vegetable Oils (Palm Oil, Soybean Oil, Sunflower Oil, Cottonseed Oil, and Others). In 2020, the Palm Oil segment was dominant and held xx% of the overall market share in terms of revenue owing to its frequent use in the production of bio-based esters and economic cost. The segment is expected to grow at the fastest CAGR of xx% during the forecast period thanks to its easy availability and cheap cost. Based on Application, the global bio-based esters market is segmented into four types as follows, Paints & Coatings, Personal Care, Construction, and Others. In 2020, the Paints and Coatings segment was dominant and held xx% of the overall market share in terms of revenue. Thanks to the COVID-19 pandemic, bio-based esters were used as an important solvent in the production of paints and coatings as these esters have antiviral properties by various key players in the market. The segment is expected to remain dominant and grow at a CAGR of xx% during the forecast period. Global Bio-based Esters Market

Global Bio-based Esters Market Regional Insights:

In 2020, Asia Pacific was the dominant region and held xx% of the overall market share in terms of production because of the presence of major key players in this region. During the forecast period, it is also expected to grow with the highest CAGR of approximately xx%. The rising usage of bio-based esters in countries such as China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia are driving demand in this region. The demand for bio-based esters is predicted to grow rapidly in the Asia Pacific. The industry in the region is being driven by an increase in demand for high-end personal care products. The demand for solvents in the paints and coatings sector in Asia Pacific is increasing due to infrastructure development in countries such as China and India, as well as an increase in public and private investments. Government measures to reduce the environmental risks posed by petroleum-based solvents with high VOC concentrations are expected to stimulate demand for green solvents in the region. During the forecast period, these factors are expected to uplift the demand for bio-based esters in the Asia Pacific. The North American market held xx% of the total market in 2020 and is expected to grow at a moderate CAGR of approximately xx% over the forecast period, because of increased demand for environmentally friendly goods, such as solvents, for use in paints, coatings, and industrial applications, driven by rigorous environmental regulations in the United States is expected to drive demand for bio-based esters in the near future in North America.Global Bio-based Esters MarketThe objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Bio-based Esters Market Scope: Inquire before buying

Global Bio-based Esters Market

Global Bio-based Esters Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Bio-based Esters Market Key Players

Cargill Inc.Arkema Inc. • BASF SE • Vertec Bio-Solvents • Solvay • Huntsman Corporation • Bioamber S.A.S. • Spak Orgochem • Mangalam Organic Ltd. • Ester Industries Ltd. • Esters and Solvents LLP • ChemCeed • Palmer Holland Inc. • The Chemical Co. • Kowa American Corp. • Allan Chemical Corp. • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Bio-based Esters market report? Ans. The forecast period for the bio-based esters market is 2021-2027. 2. Which key factors are hindering the growth of the Bio-based Esters market? Ans. The volatile prices of crude oil in the international market are expected to hinder the growth of the bio-based esters market. 3. What is the compound annual growth rate (CAGR) of the Bio-based Esters market for the next 6 years? Ans. The global bio-based esters market is expected to grow at a CAGR of 8.32% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Bio-based Esters market? Ans. The growing demand for bio-based esters because of the increasing environmental impact of VOC from the consumers is the key factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Bio-based Esters market report? Ans. Cargill Inc., Arkema Inc., BASF SE, Vertec Bio-Solvents, Solvay, Huntsman Corporation, Bioamber S.A.S., Spak Orgochem, Mangalam Organic Ltd., Ester Industries Ltd., Esters and Solvents LLP, ChemCeed, Palmer Holland Inc., The Chemical Co., Kowa American Corp., Allan Chemical Corp., and Others.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Bio-based Esters Market Size, by Market Value (US $Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Bio-based Esters Market 3.4. Geographical Snapshot of the Bio-based Esters Market, By Manufacturer share 4. Global Bio-based Esters Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. The threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Bio-based Esters Market 5. Supply Side and Demand Side Indicators 6. Global Bio-based Esters Market Analysis and Forecast, 2020-2027 6.1. Global Bio-based Esters Products Market Size & Y-o-Y Growth Analysis. 7. Global Bio-based Esters Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 7.1.1. Vegetable Oils 7.1.1.1. Palm Oil 7.1.1.2. Soybean Oil 7.1.1.3. Sunflower Oil 7.1.1.4. Cottonseed Oil 7.1.1.5. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.2.1. Paints and Coatings 7.2.2. Personal Care 7.2.3. Construction 7.2.4. Others 8. Global Bio-based Esters Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Bio-based Esters Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 9.1.1. Vegetable Oils 9.1.1.1. Palm Oil 9.1.1.2. Soybean Oil 9.1.1.3. Sunflower Oil 9.1.1.4. Cottonseed Oil 9.1.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Paints and Coatings 9.2.2. Personal Care 9.2.3. Construction 9.2.4. Others 10. North America Bio-based Esters Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Bio-based Esters Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Bio-based Esters Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Bio-based Esters Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Bio-based Esters Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Bio-based Esters Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Bio-based Esters Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Bio-based Esters Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Bio-based Esters Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Bio-based Esters Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Bio-based Esters Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Bio-based Esters Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Bio-based Esters Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Bio-based Esters Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Bio-based Esters Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Bio-based Esters Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Bio-based Esters Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Bio-based Esters Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Bio-based Esters Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Bio-based Esters Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Bio-based Esters Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Bio-based Esters Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Bio-based Esters Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Bio-based Esters Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Bio-based Esters Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Bio-based Esters Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Bio-based Esters Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Bio-based Esters Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Bio-based Esters Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Bio-based Esters Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Bio-based Esters Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Bio-based Esters Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Bio-based Esters Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Bio-based Esters Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Bio-based Esters Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Source, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Bio-based Esters Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Cargill Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Arkema Inc. 45.3.3. BASF SE 45.3.4. Vertec Bio-Solvents 45.3.5. Solvay 45.3.6. Huntsman Corporation 45.3.7. Bioamber S.A.S. 45.3.8. Spak Orgochem 45.3.9. Mangalam Organic Ltd, 45.3.10. Ester Industries Ltd. 45.3.11. Esters and Solvents LLP 45.3.12. ChemCeed 45.3.13. Palmer Holland Inc. 45.3.14. The Chemical Co. 45.3.15. Kowa American Corp. 45.3.16. Allan Chemical Corp. 45.3.17. Others 46. Primary Key Insights

About This Report

Report ID 119234
Category Material & Chemical
Published Date Sep 2021
Updated Date
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