The Global Market for Cellulose Esters 2018-2023: Increasing Demand for Cellulose Esters from APAC

The Global Market for Cellulose Esters 2018-2023: Increasing Demand for Cellulose Esters from APAC

DUBLIN, Aug. 8, 2018 /PRNewswire/ —

The “Cellulose Esters Market by Type (Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate), by Application (Coatings, Plasticizers, Cigarette Filters, Films & tapes, Inks), and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The cellulose esters market is projected to grow from USD 9.27 billion in 2018 to USD 12.43 billion by 2023, at a CAGR of 6% from 2018 to 2023.

The cellulose esters market has witnessed significant growth in the recent years, owing to the increasing use of cellulose esters in various applications such as cigarette filters, films & tapes, coatings, and plasticizers. The demand for cellulose esters is increasing in these applications due to the excellent biodegradability profile and filtration properties offered by them.

The cellulose esters market is expected to witness significant growth during the forecast period. However, the rising awareness among masses regarding the health risks posed by smoking is expected to hinder the growth of the cellulose esters market across the globe.

Based on type, the cellulose esters market has been segmented into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate, cellulose nitrate, and others. The cellulose acetate segment is expected to lead the cellulose esters market in 2018, in terms of value. The growth of this segment of the market can be attributed to the increased consumption of cellulose acetate esters in cigarette filters, films & tapes, and coatings.

Based on application, the cellulose esters market has been segmented into coatings, plasticizers, cigarette filters, films & tapes, inks, and others. The coatings segment is projected to lead the cellulose esters market, in terms of value during the forecast period.

The cellulose esters market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific cellulose esters market is projected to grow at the highest CAGR, in terms of value during the forecast period. The growth of the cellulose esters market in the region is primarily driven by the increasing demand for cellulose esters for use in cigarette filters, films & tapes, coatings, and plasticizers.

The Asia Pacific region is witnessing high demand for cellulose esters, especially from China, India, and the Southeast Asian countries. Factors such as a shift in the cigarette manufacturing base from developed to emerging countries and an increase in the number of cellulose ester applications are also contributing to the growth of the Asia Pacific cellulose esters market.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Unit Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.2.1 Key Data From Secondary Sources

2.3 Primary Data

2.3.1 Key Data From Primary Sources

2.3.1.1 Key Industry Insights

2.3.1.2 Breakdown of Primary Interviews

2.4 Market Size Estimation

2.5 Data Triangulation

2.6 Assumptions and Limitations

2.6.1 Assumptions

2.6.2 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Cellulose Esters Market

4.2 Cellulose Esters Market, By Region

4.3 Cellulose Esters Market, By Region and Application

4.4 Cellulose Esters Market, By Application

4.5 Cellulose Esters Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Increasing Demand for Cellulose Esters From APAC

5.2.1.2 Advancements in the Applications of Cellulose Esters

5.2.2 Restraints

5.2.2.1 Rising Awareness About Health Risks Related to Smoking

5.2.3 Opportunities

5.2.3.1 Increase in Exports From APAC

5.2.4 Challenges

5.2.4.1 Volatile Raw Material Prices

5.2.4.2 Stringent Regulations

5.3 Porter’s Five Forces Analysis

5.3.1 Threat of New Entrants

5.3.2 Threat of Substitutes

5.3.3 Bargaining Power of Suppliers

5.3.4 Bargaining Power of Buyers

5.3.5 Intensity of Competitive Rivalry

5.4 Macroeconomic Overview

5.5 Trends and Forecast of GDP

6 Cellulose Esters Market, By Type

6.1 Introduction

6.2 Cellulose Acetate

6.3 Cellulose Acetate Propionate

6.4 Cellulose Acetate Butyrate

6.5 Cellulose Nitrate

6.6 Others

7 Cellulose Esters Market, By Application

7.1 Introduction

7.2 Coatings

7.3 Plasticizers

7.4 Cigarette Filters

7.5 Films & Tapes

7.6 Inks

7.7 Others

8 Cellulose Esters Market, By Region

8.1 Introduction

8.2 North America

8.2.1 US

8.2.2 Canada

8.2.3 Mexico

8.3 Europe

8.3.1 Germany

8.3.2 France

8.3.3 Uk

8.3.4 Italy

8.3.5 Russia

8.3.6 Turkey

8.3.7 Rest of Europe

8.4 APAC

8.4.1 China

8.4.2 Japan

8.4.3 India

8.4.4 South Korea

8.4.5 Indonesia

8.4.6 Malaysia

8.4.7 Rest of APAC

8.5 Middle East & Africa

8.5.1 Saudi Arabia

8.5.2 South Africa

8.5.3 UAE

8.5.4 Rest of Middle East & Africa

8.6 South America

8.6.1 Brazil

8.6.2 Argentina

8.6.3 Rest of South America

9 Competitive Landscape

9.1 Introduction

9.2 Market Ranking

9.3 Competitive Scenario

9.3.1 Divestment

9.3.2 Acquisition & Merger

9.3.3 New Product Launch

9.3.4 Agreement

10 Company Profiles

10.1 Eastman Chemical Company

10.2 Solvay

10.3 Celanese Corporation

10.4 China National Tobacco Corporation

10.5 Daicel Corporation

10.6 Acordis Cellulostic Fibers

10.7 Mitsubishi Chemical Holdings Corporation

10.8 Sichuan Push Acetati

10.9 Rayonier Advanced Materials

10.10 Sappi

10.11 Other Market Players

10.11.1 Rotuba

10.11.2 Dowdupont

10.11.3 Nitrex Chemicals India

10.11.4 Nitro Qumica

10.11.5 Synthesia

10.11.6 Sichuan Nitrocell

10.11.7 Hangzhou Dayangchem

10.11.8 Nobel NC

10.11.9 Hagedorn AG

For more information about this report visit https://www.researchandmarkets.com/research/qhn52b/the_global_market?w=5

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Read on The Source

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com