The Cellulose Esters And Ethers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cellulose Esters And Ethers Global Market Report 2024, The cellulose esters and ethers market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased coating and paint industry, increased pharmaceutical applications, growing demand for food and beverage industry, increasing plastics and polymers sector, and growth of the textile industry.
The cellulose esters and ethers market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to emerging market growth, increasing research and development, growing specialty applications, increasing healthcare infrastructure, and increasing need for water-based formulations. Major trends in the forecast period include sustainable materials production, introduction of innovative solutions, technological advancements, and development of customized products
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The growth of the personal care industry is driving the growth of the cellulose esters and ethers market. Cellulose esters and ethers are employed in personal care products like body lotions, shampoos, face creams, and cold creams owing to their excellent binding, thickening, stabilizing, and moisturizing properties. For instance, according to the financial express data 2021, an Indian daily, India’s beauty and personal care market is estimated at $ 25.9 billion in 2020 and is projected to reach $ 32.7 billion by 2023. There has never been a better time to run a direct-to-consumer beauty and personal care brand in India. Therefore, the growth of the personal care industry is driving the cellulose esters and ethers market growth.
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The cellulose esters and ethers market covered in this report is segmented –
1) By Product: Cellulose Acetate, Cellulose Nitrate, Carboxymethyl Cellulose, Methyl Cellulose, Ethyl Cellulose, Hydroxyethyl Cellulose, Hydroxypropyl Cellulose
2) By Process: Kraft Process, Sulphite Process
3) By End User Industry: Food And Beverages, Oil And Gas, Paper And Board, Paints And Adhesive, Detergents, Other End Users
The development of innovative products is shaping the cellulose esters and ethers market. Advancements in technology and the increasing trend of cellulose esters and ethers technology are also encouraging market demand. For instance, in 2021, CHIRALPAK IK, a new selectivity capability added to the Daicel portfolio, was introduced by Daicel Chiral Technologies. Daicel Chiral Technologies is a US-based pharmaceutical company. This novel immobilized selector builds on the success of CHIRALPAK IG, which is one of the most widely used chiral chromatography phases in laboratories throughout the world. CHIRALPAK IK uses the same chemical derivatization as CHIRALPAK IG, but with cellulose instead of amylose as the polymer. Daicel Chiral Technologies President Joseph M. Barendt, Ph.D., stated, CHIRALPAK IK promises to add novel separations of molecules that may be examined with Daicel’s line of Immobilized columns.
The cellulose esters and ethers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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