Cellulose Esters and Ethers Market Growth Rate, Business overview, And Application Forecast To 2027

Cellulose Esters and Ethers Market Size – USD 5.26 Billion in 2019, Growth - CAGR of 4.6%, Trends – Increased demand for Cigarette filters.

The increased use of cellulose esters in coatings, cigarette filters, and films and tapes is driving the demand for the market.

The Cellulose Esters and Ethers Market is projected to reach USD 7.60 billion in 2027. In the cigarette filters, textiles and clothing, photo films and the food and drink industries, particularly in Asia-Pacific emerging economies, the market is expected to drive the growth in demand.

It is expected that developed economies like North America and Europe will emerge as dominant markets. In those regions, the lack of time and the increasing consumer buying power has led to increasing demand for baked and comfortable food products. The number of product-specific bakeries are also expected to cultivate cellulose-based esters and ethers in their production line from emulsifier’s manufacturers.

Since of their excellent binding, stabilization, thickening, and moisturizing properties, Cellulose ester and ether are primarily used in personal care items such as corpus lotions, shampoos, face creams and cold creams. Therefore, increased use of toothpaste products with a smooth texture is expected to drive the market, boost salt tolerance and boost acid resistance.

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Top Lading Players: Borregaard, Rayonier Advanced Materials, Georgia-Pacific, Eastman Chemical Company, Celanese Corporation, Daicel Corporation, Rhodia Acetow International GmbH, Ashland, AkzoNobel N.V., and The Dow Chemical Company, among others.

Some Key Highlights from the Report:

  • Increasing numbers of infrastructural projects worldwide are expected to fuel the demand for cellulose esters and ethers over the forecast period.
  • Due to increased cigarette demand Cellulose Acetate is projected to emerge as the largest product segment.
  • Throughout the entire forecast period the Kraft cycle aims to hold the highest market share and represents majority of revenue.
  • From 2019 to 2027 the cellulose segment will become the fastest growing commodity.
  • The application for cigarette filters is expected to dominate the cellulose and etheric market, while the assessment of the application for cigarette filters is estimated to increase between 2019 and 2027.
  • Increasingly, the end-user industries in the region are expected to make Asia Pacific the highest CAGR.
  • In February 2019, Eastman has launched a new range of 13 cellulose esters, including inks, adhesives, tapes and packaging, and internal ducts and other labels, for use in food contact applications.

Segments covered in the report:

Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Cellulose Acetate
  • Cellulose Nitrate
  • Carboxymethyl Cellulose
  • Methyl Cellulose
  • Ethyl Cellulose
  • Others

Process Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Kraft
  • Sulfite

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  • Coatings
  • Films tapes
  • Cigarette Filters
  • Inks
  • Plasticizers
  • Others

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Regional Outlook:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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