MarketResearch.biz delivers in-depth insights on the global cellulose esters market in its upcoming report titled, “Global Cellulose Esters Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global cellulose esters market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cellulose esters market has been segmented on the basis of type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Cellulose ester is an ester of cellulose nitrate or cellulose acetate with an inorganic or organic acid. Cellulose acetate is one of the most important esters of cellulose. Depending on the way it has been processed, cellulose acetate can be used for various applications such as films, membranes or fibers.
Growing consumption of cellulose esters in various end-use applications such as in paints, coatings, primers, enamels for automotive, wood, plastic, paper, consumer electronics, graphic arts, inks, and overprint varnishes is a major factor expected to drive growth of the global cellulose esters market over the forecast period. In addition, rising demand for cellulose esters in coatings industry, owing to their pigment wetting characteristics, excellent flow-out properties, compatibility, and fast dry times is another factor expected to fuel growth of the target market in the near future. Furthermore, rinsing consumption of cellulose esters in pharmaceuticals sector, owing to their applications in solid pharmaceutical dosage for controlled drug delivery is another factor expected to fuel growth of the target market over the forecast period.
However, rising awareness among individuals regarding health risks associated with smoking activity is a factor expected to limit growth of the global cellulose esters market over the forecast period.
The market in Asia-Pacific is projected to register significant growth rate in the global cellulose esters market over the forecast period. This can be attributed to increasing demand for cellulose esters for use in cigarette filters, films and tapes, coatings, and plasticizers in the region. Moreover, factors such as shift in cigarette manufacturing base from developed to emerging countries, and an increase in the number of cellulose ester applications in various end-use industries are also contributing to growth of the global cellulose esters market in the region. The market in Europe is also expected to witness significant growth in the near future, owing to increasing consumption for cellulose esters for pharmaceutical drugs in the region. Also the market in Asia-Pacific is expected to register a CAGR of X.X% during the forecast period.
Global cellulose esters market segmentation:
- Cellulose acetate
- Cellulose acetate propionate
- Cellulose acetate butyrate
- Cellulose nitrate
- Others (cellulose diacetate, cellulose sulfates, cellulose acetate phthalate, and cellulose phosphate)
- Films and tapes
- Cigarette filters
- Others (fillers, binders, thickeners and stabilizers, and flow improvers)
- 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 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Eastman Chemical Company
- Solvay SA
- China National Tobacco Corporation
- Daicel Corporation
- Celanese Corporation
- Acordis Cellulostic Fibers Inc.
- Sappi Limited
- Mitsubishi Chemical Holdings Corporation
- Rayonier Advanced Materials Inc.
- Sichuan Push Acetati LLC
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