Ester Gum Market

Ester Gum Market Size and Growth Rate:

According to our research report, the Ester Gum Market Size was capitalized at USD XX Million in 2018. The Ester Gum Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023. Primarily driven by the rising demand from the beverage industry primarily in fruit and energy drinks. The increase in demand for ester gum from paints, inks and coatings industry to provide additional shine and hardness to the lacquers and varnishes is also likely to stimulate the market growth during the forecast period.

Ester Gum Market Growth Drivers and Restraints:

The ester gum market is likely to be primarily driven by the growing demand for glycerol ester of wood rosin in the beverages industry. Glycerol Esters of Wood Rosin is widely used as an emulsifier and texture stabilizers in beverages such as energy drinks. The flavoring oils extracted from citrus fruits such as lemons and oranges do not mix well with carbonated water or natural fruit juices. These flavoring oils extracted would simply float on top of the beverage if directly poured into the carbonated water even after mixing. The ester gum plays a vital role in order to blend the flavoring oils with carbonated water perfectly. The growing focus for health and wellness, in addition to the convenience provided great opportunities for differentiation, is driving the non-alcoholic beverage industry globally, which in turn, is expected to boost the ester gum market in the coming years.

Ester Gum Market Regional Analysis:

Asia-Pacific is one of the major markets for ester gum, with China holding the majority of the regional market share. The region is also expected to witness the high growth rate during the forecast period. China is witnessing a huge demand for chewing gum, beverages and cosmetics & personal care products in the country. The domestic cosmetics and personal care industry in China has also shown upward growth trend in 2017, with the expansion into second and third-tier markets. They have been developing online sales dynamically and boosting advertising on new-media platforms. Companies are looking to invest in the world’s largest consumer market for cosmetics to increase their production capacity, which is likely to drive the ester gum market in the region through the forecast period.

Prominent Companies in the Ester Gum Market analyzed in the report are:

• Shree Resins
• Baolin Chemical Industry Co. Ltd.
• Jubilant
• Arakawa Chemical Industries, Ltd.
• The Cary Company
• PT. INDOPICRI
• Eastman Chemical Company
• Symrise
• Mangalam Organics Limited
• POLIMEROS SINTETICOS S.A. DE C.V.
• Mpdyechem
• Deqing Yinlong Industrial Co., Ltd.
• Sinofi Ingredients
• Foreverest Resources Ltd.

This research report includes following segmentation for the Ester Gum Market Size and forecast until 2023

Ester Gum Market - By Type

• Polymerized Rosins of Glycerol Ester (PRGE)
• Glycerol Esters of Wood Rosin (GEWR)
• Glycerol Esters of Gum Rosins (GEGR)
• Penta Ester Gum
• Others

Ester Gum Market - By Application

• Chewing Gum
• Beverages
• Paints, Inks & Coatings
• Adhesives
• Cosmetics
• Others

Ester Gum Market – By Geographical Segmentation

• Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • ASEAN Countries
  • Rest of Asia-Pacific

• North America

  • United States
  • Canada
  • Mexico
  • Rest of North America

• Europe

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe

• Latin America

  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

Reasons to Purchase Ester Gum Market Report

• Identify the current and future prospects of the Ester Gum Marketing the developed and emerging markets
• Analyze various perspectives of the market with the help of Porter’s five forces analysis
• Information about the growth of the various end-user industry that are expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in Excel)