Global Cellulose Esters & Ethers Market Analysis, Drivers, Restraints, Opportunities, Trends, Applications, and Growth Forecast: 2018 to 2029
“Global Cellulose Esters & Ethers Market” is an upcoming report by MarketResearch.biz. The study and analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to ascertain various aspects of the global cellulose esters & ethers market. Apart from revenues for global, regional, and country-wise segments, market revenue segmentation will be anthologized in a fastidious manner for clear understanding and flow. The global cellulose esters & ethers market report will be segmented on the basis of product type, process as well as region and countries.
Cellulose esters are commonly derived from natural cellulose by reaction with anhydrides, organic acids, acid chlorides, etc. Cellulose ethers are water-soluble polymers that function as thickeners, stabilizers and viscosity modifiers in several industries including personal care products, pharmaceuticals, food, oil field chemicals, paper, construction, textiles, and adhesives.
Due to the increase in demand for bakery products, confectionery, processed foods, convenience foods, dairy products, and alcoholic beverages & juices the F& B industry is expected to register a high CAGR over the next 10 years. A factor that will contribute to the revenue growth of the global cellulose esters & ethers market is the increasing demand for cigarette filters. The increase in consumption of emulsifiers such as hydroxypropyl cellulose and carboxymethyl cellulose has surge demand for this product in recent years. This, coupled with the rise in consumer spending at eat-out locations is expected to contribute to the revenue growth of this market.
Cellulose esters and ethers are extensively used in the cosmetic industry as they have outstanding moisturizing, binding, stabilizing and thickening properties. The increase in demand for products of the cellulose esters and ethers market can be attributed to the rise in popularity of personal care products.
Robust growth in the construction sector has subsequently led to an increased demand for these products as they are used in building materials such as cement-based plasters, cement-based tile grouts, mortars for the skim coat, and tile adhesives.
In terms of product, the cellulose acetate segment is expected to account for the largest revenue share over the coming years due to the high demand from the cigarette filters industry. Other factors that are contributing to the revenue growth of this market are the change in consumer lifestyles and an increase in per-capita incomes. The increasing adoption of acetate ester as a substitute for silk due to its lower cost is another factor that is fueling this market’s revenue growth.
With regard to process, the market is segmented into Kraft and sulphite methods. The Kraft process is expected to register the highest CAGR over the next 10 years due to its reduced cooking time and efficient waste recovery. Although the yield of Kraft pulping is lower than that of sulphite pulping, it is stronger when compared to sulphite fibers.
The Asia Pacific market is projected to register the highest CAGR in terms of revenue over the forecast period. This can be attributed to the increasing demand for cellulose esters and ethers from the pharmaceutical sector, the F&B as well as the cigarette filter industries.
The market in North America is also expected to gain significant revenue growth due to the use of this product in several applications such as F&B, cosmetics, construction, and pharmaceuticals. The market in Europe account for considerable revenue growth in 2019 and is expected to continue to do so in the years to come. This can be attributed to a booming cosmetic industry in this region.
Global Market Segmentation:
By Drug Class:
- Prostacyclin and Prostacyclin Analogs
- SGC Stimulators
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Rayonier Advanced Materials
- Celanese Corporation
- Eastman Chemical Company
- Daicel Corporation
- Lamberti S.p.A.
- Asha Cellulose (I) Pvt. Ltd
- Merck KGaA
- Nitrex Chemicals India Ltd
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