Increasing demand for cellulose ester-based coatings and paints from rapidly growing industries such as construction, automotive, and oil & gas is a key factor driving market revenue growth.
Market Size - USD 10.47 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Rising number of research activities to explore scope of product applications
The global cellulose esters market size is expected to reach USD 15.82 Billion in 2028, and register a CAGR of 5.2% during the forecast period. Market growth is expected to be driven by rapidly growing textile industry resulting in high demand and adoption of cellulose esters. In addition, growing demand for these esters from various end-use industries such as food and beverage, textile and apparel, cigarette filters, photographic films, printing inks, etc. is another major factor driving market growth. Cellulose esters are available in variety of types including cellulose acetate, cellulose acetate propionate, cellulose nitrate, and butyrate, among others.
These products can be made using synthetic as well as natural materials, and can be woven or unwoven in texture. Growing requirement for technologically advanced, environment-friendly, and chemical-free esters is among the major factors supporting growth of the global cellulose esters market.
Unfavorable government rules and regulations regarding consumption of chemicals during processing of esters, and fluctuating raw material costs are factors that could restrain market growth
Some Key Findings From the Report:
For the purpose of this report, the global cellulose esters market is segmented on the basis of type, application, end use, and region:
Type Outlook
Application Outlook
End-Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 10.47 Billion in 2020, Market Growth - CAGR of 5.2%, Market Trends - Rising number of research activities to explore scope of product applications
The global cellulose esters market size is expected to reach USD 15.82 Billion in 2028, and register a CAGR of 5.2% during the forecast period. Market growth is expected to be driven by rapidly growing textile industry resulting in high demand and adoption of cellulose esters. In addition, growing demand for these esters from various end-use industries such as food and beverage, textile and apparel, cigarette filters, photographic films, printing inks, etc. is another major factor driving market growth. Cellulose esters are available in variety of types including cellulose acetate, cellulose acetate propionate, cellulose nitrate, and butyrate, among others.
These products can be made using synthetic as well as natural materials, and can be woven or unwoven in texture. Growing requirement for technologically advanced, environment-friendly, and chemical-free esters is among the major factors supporting growth of the global cellulose esters market.
Unfavorable government rules and regulations regarding consumption of chemicals during processing of esters, and fluctuating raw material costs are factors that could restrain market growth
Some Key Findings From the Report:
- Among the type segments, the cellulose acetate segment is projected to register highest growth rate during the forecast period.
- Among the application segments, the coating segment accounted for major revenue share in 2020, due to product characteristics such as compatibility, pigment wetting, and excellent flow out properties.
- Among the end-use industries, the construction industry segment is projected to register the highest CAGR during the forecast period, due to increasing consumption of cellulose esters-based products such as tapes and films, coatings, and plastics, among other products.
- The North America market is projected to register substantially high CAGR during the forecast period, due to well-established end-use industries including automotive, apparel, construction, and cigarette manufacturing in the region.
- Asia Pacific market accounted for major revenue share in the global market in 2020, and is expected to register steady growth rate during the forecast period, due to factors such as growing production and sales of cigarettes in countries in the region, coupled with increasing need for cellulose esters for making cigarette filters.
- Key players profiled in the report include Eastman Chemical Company, Celanese Corporation, DowDuPont, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co. Ltd., Nitro Química, Hangzhou Dayangchem Co. Ltd., Zhejiang Honghao Technology Co. Ltd., Johnson & Johnson Services Inc., and SK chemicals. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global cellulose esters market is segmented on the basis of type, application, end use, and region:
Type Outlook
- Cellulose Acetate
- Cellulose Acetate Propionate
- Butyrate
- Cellulose Nitrate
Application Outlook
- Coatings
- Films & Tapes
- Cigarette Filters
- Inks
- Plasticizers
End-Use Outlook
- Automotive & Transportation
- Construction
- Apparels
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Cellulose Esters Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Cellulose Esters Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Cellulose Esters Market Segmentation & Impact Analysis
Chapter 5. Cellulose Esters By Type Insights & Trends
Chapter 6. Cellulose Esters By Application Type Insights & Trends
Chapter 7. Cellulose Esters By End-Use Insights & Trends
Chapter 8. Cellulose Esters Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Eastman Chemical Company
- Celanese Corporation
- DowDuPont
- Mitsubishi Chemical Holdings Corporation
- Sichuan Push Acetati Co. Ltd.
- Nitro Química
- Hangzhou Dayangchem Co. Ltd.
- Zhejiang Honghao Technology Co. Ltd.
- Johnson & Johnson Services Inc.
- SK chemicals.
