Market Size –
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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Scope Of Cellulose Esters and Ethers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cellulose Esters and Ethers Market Overview
Market Drivers –
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.
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
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Regional Insights –
North America was the largest region in the cellulose esters and ethers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulose esters and ethers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the cellulose esters and ethers market include Borregaard Group., Rayonier Advanced materials, Celanese Corporation, Eastman Chemical Company, Nouryon, Ashland Inc., Daicel Corporation, Dow Inc., Sappi Limited, Lamberti S.p.A, Asha Cellulose pvt ltd., Sichuan Push Acetati Co.Ltd., Acordis Cellulostic Fibres, J.M. Huber Corporation, Georgia-Pacific LLC, Akzo Nobel N.V., Rhodia Acetow International GmbH, Shandong Head Group Co Ltd., Lotte Group., Mikem Chemical, ChemPoint inc., CP Kelco U.S. Inc., Sichem LLC, Mitsubishi Chemical Corporation, Solvay SA., China Ruitai International Holdings Co Ltd., Huzhou Zhanwang Pharmaceutical Co Ltd.
Table of Contents
1. Executive Summary
2. Cellulose Esters and Ethers Market Report Structure
3. Cellulose Esters and Ethers Market Trends And Strategies
4. Cellulose Esters and Ethers Market – Macro Economic Scenario
5. Cellulose Esters and Ethers Market Size And Growth
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27. Cellulose Esters and Ethers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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