The global Cellulose Esters Market research report 2028, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Cellulose Esters market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
The cellulose esters market is expected to witness market growth at a rate of 5.88% in the forecast period of 2021 to 2028 is expected to reach USD 155.81 million by 2028.
Top Companies in the Global Cellulose Esters Market:
Eastman Chemical Company, Solvay, Daicel Corporation, Celanese Corporation, Sappi, Mitsubishi Chemical Holdings Corporation, Rayonier Advanced Materials, Sichuan Push Acetati Co.Ltd., Rotuba, DowDuPont, Nitrex Chemicals India Ltd, Nitro Química, Synthesia a.s., sichuan nitrocell Co. LTD., Hangzhou Dayangchem Co.Ltd., NOBEL NC, Hagedorn AG, Novartis AG, F. Hoffmann-La Roche Ltd, Abbott, Johnson & Johnson Services Inc., Bayer AG, Zhejiang Honghao Technology Co. Ltd., SK Chemicals, among others.
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Market Segmentation:
The cellulose esters market is segmented on the basis of type, product, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of type, the cellulose esters market is segmented into cellulose acetate, cellulose acetate propionate, cellulose acetate butyrate, cellulose nitrate and others.
• On the basis of product, the cellulose esters market is segmented into carboxymethyl cellulose, methyl cellulose, ethyl cellulose, hydroxyethyl cellulose and hydroxypropyl cellulose.
• On the basis of process, the cellulose esters market is segmented into kraft and sulfite.
• On the basis of application, the cellulose esters market is segmented into coatings, films and tapes, cigarette filters, inks, plasticizers and others.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Asia-Pacific dominates the cellulose esters market during the forecast period of 2021 to 2028 due to the rise in demand from the developing nations including China, India and the Southeast Asian countries, increasing number of applications requiring cellulose esters and shift in the cigarette manufacturing base from developed to emerging economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Cellulose refers to an organic compound which is widely found in the cell walls of plants, produced naturally in the form of fibrous products such as dried hemp and cotton. The material is known to possess several properties including good mechanical strength, biocompatibility, alterable optical appearance and hydrophilicity. It has wide range of applications in various industries owning to its abundance as an organic polymer. The cellulose is converted into cellulose esters through derivation process of cellulose esters which consists of acylation and esterification.
The change in the designing of cigarettes from unfiltered to filtered cigarettes owning to the high rate of lung cancer among population and thus, the high usage of cellulose esters in the cigarette filters as they assist in accumulating smoke components and absorb vapors, both factors act as the major drivers for the cellulose esters market. The high adoption of filtered cigarettes due to less inhalation of chemical particles during smoking and the advancements in the application of cellulose esters influence the cellulose esters market. The increase in demand for the material from the clothing and textiles sectors as they make the clothing material absorbent, breathable and comfortable and the ability of the product to be combined with numerous fibers including silk, wool, cotton and rayon and to be dyed in several colors are factors accelerating the cellulose esters market growth. The use of cellulose acetate during the injection molding process for manufacturing of spectacle frames and the rise in demand of the material for personal care products such as cold creams, shampoos, body lotions and face creams among others also propel the cellulose esters market growth. Additionally, the expansion of food and beverage sector, rise in number of fast food outlets, increasing food and beverage operators in retail platforms and surging consumer’s spending on food positively affect the cellulose esters market. Furthermore, the increase in exports from the Asia-Pacific region and technological advancement and innovations extend profitable opportunities to the cellulose esters market players in the forecast period of 2021 to 2028.
On the other hand, the growth in the awareness regarding the health risks associated with smoking and the decline in the consumption of cigarettes are factors expected to obstruct the cellulose esters market. The fluctuation in the prices of raw material because of downstream demand and spot availability, high transport costs and implementation of stringent government regulations are projected to challenge the cellulose esters market in the forecast period of 2021-2028.
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