Global Cellulose Ester Market Size study, by Type (Cellulose Acetate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate, Cellulose Nitrate and Others), Application (Coatings, Plasticizers, C...
- 200 Pages
- Region: Global
Global Cellulose Ester Market to reach USD 14.0 billion by 2025.
Global Cellulose Ester Market valued approximately USD 8.76 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2018-2025. The Cellulose Ester market is developing and expanding at a significant pace. Cellulose esters are the additive compounds of cellulose being used due to the exclusive properties offered by them such as quick drying ability, compatibility and excellent flow-out properties. Various factors including shift of manufacturing base of cigarette from developed countries to emerging countries such as India, China and are offering lucrative opportunities to Asia-Pacific region to register dominance in the market in upcoming years.
Cellulose esters finds numerous applications in various industries including pharmaceuticals, food and beverages, oil & gas industries, paper and textile industries, automobile industry etc. The rising demand of cellulose esters particularly in Asia-Pacific region is primarily driving the market. However, the volatility in the prices of raw materials used for manufacturing cellulose esters acts is the major challenge for the industry.
On the basis of segmentation, the Cellulose Ester market is segmented into Type and application. The Type segment is classified into Cellulose Acetate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate, Cellulose Nitrate and Others. The application segment is classified into Coatings, Plasticizers, Cigarette Filters, Inks, Films & Tapes and Others. The Type segment is anticipated to dominate the Cellulose Ester market considering the forthcoming years and the global scenario.
The regional analysis of Global Cellulose Ester Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The leading market players mainly include-
Eastman Chemical Company
China National Tobacco Corporation
Acordis Cellulostic Fibers
Mitsubishi Chemical Holdings Corporation
Sichuan Push Acetati
Rayonier Advanced Materials
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Cellulose Acetate Propionate
Cellulose Acetate Butyrate
Films & Tapes
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Cellulose Ester Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers