Cellulose Esters And Ethers Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 - 2027

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Cellulose Esters And Ethers market size is expected to be worth around US$ 7.7 billion by 2027, according to a new report by Vision Research Reports.

The global Cellulose Esters And Ethers market size was valued at US$ 5.2 billion in 2019 and is anticipated to grow at a CAGR of 4.8% during forecast period 2020 to 2027.

Growth Factors

The industry is expected to exhibit remarkable growth over the forecast period owing to increasing demand in application industries such as and apparel, food and beverages, cigarette filters, photographic films, printing inks, and building.

The food and beverage industry is anticipated to witness a notable CAGR over the forecast period owing to increasing demand for meat, bakery products, processed food, dairy products, confectionery, convenience foods, juices, and alcoholic beverages. An emerging economy such as China has witnessed a high demand for cigarette filters primarily produced using cellulose acetate. The growing demand for cigarette filters coupled with growth in the food and beverage sector is expected to exhibit the growth of the market for cellulose esters and ethers over the forecast period.

The market is expected to be driven by growing demand for products in the cigarette filters, textiles and apparel, photographic films, and food and beverage industries, specifically in emerging economies of Asia Pacific.

Developed economies such as North America and Europe are projected to emerge as prominent markets. Lack of time and rising consumer purchasing power in these regions have resulted in an increased demand for baked food products and convenience foods. In addition, the growing number of product-specific bakeries is expected to foster emulsifier manufacturers to incorporate cellulose-based esters and ethers in their product line.

Report Highlights

Cellulose acetate is expected to sustain the largest market share. The majority of the demand for this product is likely to come from the cigarette filters industry. The growing use of the acetate ester as a silk substitute owing to its low-cost is anticipated to fuel market growth. Also, changing consumer lifestyles, coupled with the high spending capacity of consumers on cigarettes, are some of the factors that are expected to drive the market for cellulose esters and ethers.

The kraft process is projected to exhibit the highest CAGR over the forecast period. The kraft process is anticipated to emerge as the dominant process over the forecast period since it is characterized by efficient waste recovery and reduced cooking time. The growth of the process can also be attributed to the high demand for cellulose.

The kraft process is widely utilized for manufacturing cellulose and produces the most substantial fiber-based paper and paperboard products. The primary goal of this pulping process is to create easily bleachable pulps with low lignin content and high strength properties. The by-products obtained during the kraft process include tall oil, turpentine, soap, and rosin.

Asia Pacific is projected to witness the highest revenue-based CAGR of 6.1% by 2027, in terms of revenue. The growth in the region can be attributed to the increasing demand for cellulose esters and ethers from food and beverages, cigarette filters, and the pharmaceutical sector. 

North America is anticipated to propel at the fastest CAGR over the forecast period owing to burgeoning product use in various applications such as construction, cosmetics, pharmaceuticals, and food and beverage. The growing pharmaceutical sector in the U.S. due to increasing expenditure on medicines by local customers is anticipated to have a positive impact on the market for cellulose esters and ethers. 

Europe accounted for over 23.0% of the market revenue in 2019 and is projected to witness a CAGR of 2.8% over the forecast period. Cosmetics is predicted to be one of the fastest-growing applications on account of the high consumption of cellulose esters and ethers for improving the viscosity of cosmetic formulations such as skin care products, makeup products, and shampoos. 

Key Players

Celanese Corporation, Eastman Chemical Corporation, Akzo Nobel N.V., and The Dow Chemical Company. Moreover, several companies are focusing on dealing with more than one supplier for a particular resource. Various end-users in the market for cellulose esters and ethers include Shell, Halliburton, Palsgaard, Sanofi, Pfizer, British Petroleum, and PPG Industries.

Market Segmentation

  • Product Outlook

    • Cellulose Acetate

      • Cigarette Filters

      • Textiles & Apparel 

      • Photographic Films 

      • Tapes & Labels

    • Cellulose Nitrate

      • Printing Inks

      • Automotive Paints

      • Wood Coatings

      • Leather Finishes

      • Nair Varnishes

      • Others

    • Carboxymethyl Cellulose

      • Cosmetics & pharmaceuticals

      • Food & beverages

      • Oil & gas

      • Paper & board

      • Paints & adhesives

      • Detergents

      • Others

    • Methyl Cellulose

      • Building industry

      • Dispersion paints

      • Wallpaper paints

      • Cosmetics

      • Polymerization

      • Detergents

      • Others

    • Ethyl Cellulose

      • Personal care

      • Inks

      • Specialty coatings

      • Others

    • Hydroxyethyl Cellulose

      • Building materials

      • Oil production

      • Inks

      • Cosmetics & detergent

      • Special agent

      • Others

    • Hydroxypropyl Cellulose

      • Adhesives

      • Cosmetics

      • Pharmaceuticals

      • Foods

      • Others

  • Process Outlook 

    • Kraft

    • Sulfite

  • Regional Outlook 

    • North America

      • U.S.

      • Mexico

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Central and South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

The Cellulose Esters And Ethers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cellulose Esters And Ethers market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cellulose Esters And Ethers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cellulose Esters And Ethers market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cellulose Esters And Ethers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cellulose Esters And Ethers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cellulose Esters And Ethers by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cellulose Esters And Ethers market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cellulose Esters And Ethers market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cellulose Esters And Ethers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cellulose Esters And Ethers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Cellulose Esters And Ethers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cellulose Esters And Ethers market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cellulose Esters And Ethers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cellulose Esters And Ethers market. These factors have benefited the growth of the global market for Cellulose Esters And Ethers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cellulose Esters And Ethers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cellulose Esters And Ethers are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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