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    Cellulose Esters Market Report

    Cellulose Esters Market Report
    Report code - SR2855 Delivery - 2 Weeks
    Cellulose Esters Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp See more...

    Market Highlights

    Cellulose is an organic polymer that is derived from wood and can be chemically modified to yield its derivatives such as ethers and esters. Raw materials used mostly include wood, caustic soda, and cotton. The costs of these raw materials are volatile in nature and are prone to increase extensively owing to various factors including changes in climatic conditions, lack of availability, and demand and supply considerations.

    The food & beverage industry makes substantial use of carboxym Cellulose Acetate Propionate (CMC). It is used to thicken, emulsify, and stabilize foods so they can keep their constant flavor, concentration, and texture. The demand for the product has increased due to the rising usage of emulsifiers in frozen desserts, margarine, chocolates, peanut butter, baked goods, and salad dressings. Due to shifting customer attitudes towards their eating habits, the packaged food business has seen significant expansion in recent years. The primary driver behind this transformation is the changing consumer lifestyle, which includes lengthy workdays and easy availability to prepackaged foods from a variety of cuisines. Cellulose Esters, a sizeable market, is likely to reach at a promising CAGR of 5.2% in the long run to reach US$ 5.7 billion in 2028.

    Market Segment Analysis

    Based on the product type, the Cellulose Esters market is segmented into cellulose acetate, cellulose nitrate, and cellulose acetate propionate. The market for cellulose esters was dominated by the cellulose acetate product segment in 2021, generating the largest revenue share of over 45.0%. This is because cellulose acetate is widely used in the manufacture of both cigarettes and textiles, with the demand being positively influenced by an expanding cigarette market, the increasing number of smokers, and the preference for low-tar cigarettes.

    It has many physical characteristics, including great flexibility, high constant of dielectric, and toughness. The flammability of cellulose nitrate is very high. It is widely utilized in the production of explosives, propellants, and lacquers in both the military and civilian sectors of the economy. When composed of cotton, it is a fluffy white solid that is mainly used in the paint and wood industries.

    Based on the Application type, the market is segmented into coating, plasticizers, cigarette filters, films & tapes, and inks. Coating is estimated to be the most preferred application in the market for cellulose esters owing to the increased use of cellulose esters in coating required by automotive and oil & gas industries.

    In terms of regions, Asia-Pacific dominated the market for cellulose esters market. This is a result of supportive government policies that encourage investment in the region's industrial and production sector. These rules will contribute to higher product demand for coating, paint, and adhesive applications.

    Key Players

    The following are the key players in the Cellulose Esters Market:

    • Lamberti S.p.A
    • J.M. Huber Corporation
    • The Dow Chemical Company
    • Daicel Corporation
    • Ashland
    • AkzoNobel N.V.
    • Rhodia Acetow International GmbH
    • Eastman Chemical Company
    • Celanese Corporation
    • Rayonier Advanced Materials
    • Georgia-Pacific
    • Borregaard

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Cellulose Esters market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth Application.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The Cellulose Esters  market is segmented into the following categories. 

    Cellulose Esters  Market, by Product Type

    • Cellulose Acetate(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cellulose Nitrate(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cellulose Acetate Propionate(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Cellulose Esters  Market, by Application Type

    • Coating, Platisizers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cigarette Filters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Films & Tapes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Inks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Cellulose Esters  Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Borregaard, Georgia-Pacific, Rayonier Advanced Materials, Celanese Corporation, Eastman Chemical Company, Rhodia Acetow International GmbH, AkzoNobel N.V., Ashland; Daicel Corporation, The Dow Chemical Company, J.M. Huber Corporation, Lamberti S.p.A. are the leading players in the Cellulose Esters market.

    Asia-Pacific is estimated to remain dominant in the Cellulose Esters market in the foreseeable future. The key economies driving the regions demand for automotive seals are China, India, and Japan. This is a result of supportive government policies that encourage investment in the region's industrial and production sector. These rules will contribute to higher product demand for coating, paint, and adhesive applications.

    Asia-Pacific is estimated to remain the fastest-growing market for Cellulose Esters in the foreseeable future.

    The cellulose acetate product segment generating the largest revenue share of over 45.0%. This is because cellulose acetate is widely used in the manufacture of both cigarettes and textiles, with the demand being positively influenced by an expanding cigarette market.

    The cellulose esters market is estimated to grow at a CAGR of 5.2% by 2028, driven by The demand for the product has increased due to the rising usage of emulsifiers in frozen desserts, margarine, chocolates, peanut butter, baked goods, and salad dressings.

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