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Global Cellulose Esters And Ethers Market Size To Grow At A CAGR Of 5.02% In The Forecast Period Of 2023-2028
The ‘Global Cellulose Esters and Ethers Market Trends, Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cellulose esters and ethers market, assessing the market on the basis of its segments like type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Cellulose Esters and Ethers Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.02%
| Report Attribute | Details |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
| Market Size in 2020 | USD 5.33 billion |
| Growth Rate CAGR | 5.02% |
| Major Players | Borregaard AS, Georgia-Pacific LLC, Rayonier Advanced Materials, Celanese Corporation, Eastman Chemical Company, J.M. Huber Corporation, others. |
The global cellulose esters and ethers market is expected to register growth during the forecast period on account of the increasing consumption of the product in films and tapes, coatings, cigarette filters, printing tints, buildings, and food and beverages, among other sectors.
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The usage of cellulose ethers in bakery products as it helps as a thickener for canned fruit pie fillings as well as in frozen foods is likely to influence the market demand. There is enhanced demand for bakery goods, meat, frozen food, clothes, dairy products, packaged food, juices, and alcoholic beverages.
The increasing usage of films and tapes is likely to push forward the cellulose esters and ethers market growth across the globe. With the growing textile industry the demand for the product is expected to fuel over the coming years. Moreover, the demand for cellulose esters and ether is likely to propel due to the large distribution network and the surging popularity of flavoured cigarettes among consumers.
Cellulose Esters and Ethers Industry Definition and Major Segments
Cellulose esters are biobased polymers while cellulose ethers are described as water-soluble polymers obtained from cellulose. Cellulose is a highly abundant natural polymer and cellulose esters and ethers are known as extremely useful as natural-based polymers, finding applications in personal care products, food, oil field chemicals, paper, construction, textiles, and adhesives.
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Based on type, the market is segmented into:
- Cellulose Acetate
- Cellulose Nitrate
- Carboxymethyl Cellulose
- Methyl Cellulose
- Ethyl Cellulose
- Hydroxyethyl Cellulose
- Hydroxypropyl Cellulose
- Others
By application, the market is classified into:
- Coatings
- Plasticisers
- Cigarette Filters
- Films and Tapes
- Inks
- Others
Based on region, the market is divided into:
- North America
- Latin America
- The Asia Pacific
- Europe
- Middle East and Africa
Cellulose Esters and Ethers Market Trends
Geographically, the North America region is expected to witness significant growth in the cellulose esters and ethers market share over the forecast period on account of their usage in different applications like pharmaceuticals, construction, food and beverage, and cosmetics, among others. The strong presence of market players in the region like Rayonier Advanced Materials, Celanese Corporation, and Eastman Chemical Company, among others, is driving the market growth across North America.
The growing usage of coating binders like cellulose for coated boards as well as paper applications is supporting the market demand. The United States is expected to witness growth in the coming years with an increase in activities related to recovery as well as recycling of paper.
Meanwhile, the Asia Pacific is anticipated to gain momentum over the coming years in the cellulose esters and ethers market growth on account of the rising need for cellulose esters and ethers in cigarette filters, pharmaceuticals, and food and beverage industries, among others. Various governments in the region are encouraging investment in production and manufacturing sectors, which is likely to aid in improving the product demand in paints, coating, and adhesives applications.
Key Market Players
The major players in the global cellulose esters and ethers market report are :
- Borregaard AS
- Georgia-Pacific LLC
- Rayonier Advanced Materials
- Celanese Corporation
- Eastman Chemical Company
- J.M. Huber Corporation
- others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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