Cellulose Esters Market Developments by 2031
Cellulose esters are usually derived from natural cellulose by reacting them with acid chlorides, organic acids, or anhydrides. The synthesis of common cellulose esters such as cellulose acetate on commercial scale is commonly done by esterification of cellulose by reacting them with acid anhydrides in presence of mineral acid catalysts. They are widely used in the chemicals and materials industry as they display excellent pigment wetting characteristics, superior flow properties, and short drying or curing time. Cellulose esters are used in manufacturing tool handles and tooth brushes as their use in the manufacturing allows for enhanced ergonomics owing to their ability to take many forms while being resistant to harsh working environments.
MARKET DYNAMICS
The global cellulose esters market is growing at a significant pace owing to driving factors such as increasing demand for cellulose esters from the paints and coatings industry. The near-Newtonian flow characteristics, high compatiblity with a wide range of solvents and the ability to readily dissolve in many common acrylate monomers makes cellulose esters the preferred material as an additive or a co-resin in the formulation of various thermosetting and thermoplastic coating systems. Cellulose esters are increasingly used in numerous paints, coatings, and ink formulations to improve their performances. The use of cellulose esters in paints and coating formulations offers benefits such as Ultraviolet stability, excellent metal finish, rapid film formation, better sag resistance, improved surface appearance, enhanced pigment dispersion, and heat and mooisture stability. The widespread use of cellulose esters in coating applications including industrial coating and automotive coating is expected to drive the demand for cellulose esters in the forecast period. Also the use of cellulose esters in manufacturing films and tapes, LCD screens, suit linings, cigarette filters etc. is anticipated to support the growth of the cellulose esters market.
MARKET SCOPE
The "Global Cellulose Esters Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cellulose esters market with detailed market segmentation by type, application, and geography. The global cellulose esters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cellulose esters market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cellulose esters market is segmented on the basis of type and application. 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 application, the market is bifurcated into, coatings, plasticizers, cigarette filters, films and tapes, inks, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cellulose esters market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cellulose esters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cellulose esters market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cellulose esters market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cellulose esters market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cellulose esters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cellulose esters market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cellulose esters market in these regions.
MARKET PLAYERS
The reports cover key developments in the cellulose esters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cellulose esters market are anticipated to lucrative growth opportunities in the future with the rising demand for cellulose esters in the global market. Below mentioned is the list of few companies engaged in the cellulose esters market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cellulose esters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ACORDIS CELLULOSIC FIBERS INC.
- CELANESE CORPORATION
- CHINA NATIONAL TOBACCO CORPORATION
- DAICEL CORPORATION
- EASTMAN CHEMICAL COMPANY
- MITSUBISHI CHEMICAL HOLDINGS CORPORATION
- RAYONIER ADVANCED MATERIALS
- SAPPI LIMITED
- SICHUAN PUSH ACETATI
- SOLVAY
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cellulose Esters Market - By Type
1.3.2 Cellulose Esters Market - By Application
1.3.3 Cellulose Esters Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CELLULOSE ESTERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CELLULOSE ESTERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CELLULOSE ESTERS MARKET - GLOBAL MARKET ANALYSIS
6.1. CELLULOSE ESTERS - GLOBAL MARKET OVERVIEW
6.2. CELLULOSE ESTERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CELLULOSE ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CELLULOSE ACETATE
7.3.1. Overview
7.3.2. Cellulose Acetate Market Forecast and Analysis
7.4. CELLULOSE ACETATE PROPIONATE
7.4.1. Overview
7.4.2. Cellulose Acetate Propionate Market Forecast and Analysis
7.5. CELLULOSE ACETATE BUTYRATE
7.5.1. Overview
7.5.2. Cellulose Acetate Butyrate Market Forecast and Analysis
7.6. CELLULOSE NITRATE
7.6.1. Overview
7.6.2. Cellulose Nitrate Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. CELLULOSE ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COATINGS
8.3.1. Overview
8.3.2. Coatings Market Forecast and Analysis
8.4. PLASTICIZERS
8.4.1. Overview
8.4.2. Plasticizers Market Forecast and Analysis
8.5. CIGARETTE FILTERS
8.5.1. Overview
8.5.2. Cigarette Filters Market Forecast and Analysis
8.6. FILMS AND TAPES
8.6.1. Overview
8.6.2. Films and Tapes Market Forecast and Analysis
8.7. INKS
8.7.1. Overview
8.7.2. Inks Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. CELLULOSE ESTERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cellulose Esters Market Overview
9.1.2 North America Cellulose Esters Market Forecasts and Analysis
9.1.3 North America Cellulose Esters Market Forecasts and Analysis - By Type
9.1.4 North America Cellulose Esters Market Forecasts and Analysis - By Application
9.1.5 North America Cellulose Esters Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cellulose Esters Market
9.1.5.1.1 Canada Cellulose Esters Market by Type
9.1.5.1.2 Canada Cellulose Esters Market by Application
9.1.5.2 Mexico Cellulose Esters Market
9.1.5.2.1 Mexico Cellulose Esters Market by Type
9.1.5.2.2 Mexico Cellulose Esters Market by Application
9.1.5.3 US Cellulose Esters Market
9.1.5.3.1 US Cellulose Esters Market by Type
9.1.5.3.2 US Cellulose Esters Market by Application
9.2. EUROPE
9.2.1 Europe Cellulose Esters Market Overview
9.2.2 Europe Cellulose Esters Market Forecasts and Analysis
9.2.3 Europe Cellulose Esters Market Forecasts and Analysis - By Type
9.2.4 Europe Cellulose Esters Market Forecasts and Analysis - By Application
9.2.5 Europe Cellulose Esters Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cellulose Esters Market
9.2.5.1.1 Germany Cellulose Esters Market by Type
9.2.5.1.2 Germany Cellulose Esters Market by Application
9.2.5.2 France Cellulose Esters Market
9.2.5.2.1 France Cellulose Esters Market by Type
9.2.5.2.2 France Cellulose Esters Market by Application
9.2.5.3 Italy Cellulose Esters Market
9.2.5.3.1 Italy Cellulose Esters Market by Type
9.2.5.3.2 Italy Cellulose Esters Market by Application
9.2.5.4 United Kingdom Cellulose Esters Market
9.2.5.4.1 United Kingdom Cellulose Esters Market by Type
9.2.5.4.2 United Kingdom Cellulose Esters Market by Application
9.2.5.5 Russia Cellulose Esters Market
9.2.5.5.1 Russia Cellulose Esters Market by Type
9.2.5.5.2 Russia Cellulose Esters Market by Application
9.2.5.6 Rest of Europe Cellulose Esters Market
9.2.5.6.1 Rest of Europe Cellulose Esters Market by Type
9.2.5.6.2 Rest of Europe Cellulose Esters Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cellulose Esters Market Overview
9.3.2 Asia-Pacific Cellulose Esters Market Forecasts and Analysis
9.3.3 Asia-Pacific Cellulose Esters Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Cellulose Esters Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cellulose Esters Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cellulose Esters Market
9.3.5.1.1 Australia Cellulose Esters Market by Type
9.3.5.1.2 Australia Cellulose Esters Market by Application
9.3.5.2 China Cellulose Esters Market
9.3.5.2.1 China Cellulose Esters Market by Type
9.3.5.2.2 China Cellulose Esters Market by Application
9.3.5.3 India Cellulose Esters Market
9.3.5.3.1 India Cellulose Esters Market by Type
9.3.5.3.2 India Cellulose Esters Market by Application
9.3.5.4 Japan Cellulose Esters Market
9.3.5.4.1 Japan Cellulose Esters Market by Type
9.3.5.4.2 Japan Cellulose Esters Market by Application
9.3.5.5 South Korea Cellulose Esters Market
9.3.5.5.1 South Korea Cellulose Esters Market by Type
9.3.5.5.2 South Korea Cellulose Esters Market by Application
9.3.5.6 Rest of Asia-Pacific Cellulose Esters Market
9.3.5.6.1 Rest of Asia-Pacific Cellulose Esters Market by Type
9.3.5.6.2 Rest of Asia-Pacific Cellulose Esters Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cellulose Esters Market Overview
9.4.2 Middle East and Africa Cellulose Esters Market Forecasts and Analysis
9.4.3 Middle East and Africa Cellulose Esters Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Cellulose Esters Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cellulose Esters Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cellulose Esters Market
9.4.5.1.1 South Africa Cellulose Esters Market by Type
9.4.5.1.2 South Africa Cellulose Esters Market by Application
9.4.5.2 Saudi Arabia Cellulose Esters Market
9.4.5.2.1 Saudi Arabia Cellulose Esters Market by Type
9.4.5.2.2 Saudi Arabia Cellulose Esters Market by Application
9.4.5.3 U.A.E Cellulose Esters Market
9.4.5.3.1 U.A.E Cellulose Esters Market by Type
9.4.5.3.2 U.A.E Cellulose Esters Market by Application
9.4.5.4 Rest of Middle East and Africa Cellulose Esters Market
9.4.5.4.1 Rest of Middle East and Africa Cellulose Esters Market by Type
9.4.5.4.2 Rest of Middle East and Africa Cellulose Esters Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cellulose Esters Market Overview
9.5.2 South and Central America Cellulose Esters Market Forecasts and Analysis
9.5.3 South and Central America Cellulose Esters Market Forecasts and Analysis - By Type
9.5.4 South and Central America Cellulose Esters Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cellulose Esters Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cellulose Esters Market
9.5.5.1.1 Brazil Cellulose Esters Market by Type
9.5.5.1.2 Brazil Cellulose Esters Market by Application
9.5.5.2 Argentina Cellulose Esters Market
9.5.5.2.1 Argentina Cellulose Esters Market by Type
9.5.5.2.2 Argentina Cellulose Esters Market by Application
9.5.5.3 Rest of South and Central America Cellulose Esters Market
9.5.5.3.1 Rest of South and Central America Cellulose Esters Market by Type
9.5.5.3.2 Rest of South and Central America Cellulose Esters Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CELLULOSE ESTERS MARKET, KEY COMPANY PROFILES
11.1. EASTMAN CHEMICAL COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. SOLVAY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CELANESE CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHINA NATIONAL TOBACCO CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DAICEL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ACORDIS CELLULOSIC FIBERS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MITSUBISHI CHEMICAL HOLDINGS CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SICHUAN PUSH ACETATI
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RAYONIER ADVANCED MATERIALS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SAPPI LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Eastman Chemical Company
2. Solvay
3. Celanese Corporation
4. China National Tobacco Corporation
5. Daicel Corporation
6.Acordis Cellulosic Fibers Inc.
7. Mitsubishi Chemical Holdings Corporation
8. Sichuan Push Acetati
9. Rayonier Advanced Materials
10. Sappi Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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