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Pulished Date February, 2020
ID: 8108
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Cellulose Esters Market - By Type (Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate, And Others), By Application (Coatings, Plasticizers, Cigarette Filters, Films & Tapes, Inks, And Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Analysis on Size, Share, Growth, Investment, Trends & Forecast | 2020 - 2025

Pulished: February, 2020
ID: 8108
Pages: 140

Cellulose Esters Market Size, Share & Growth (2020 - 2025)

The Cellulose Esters Market will grow from US$ 9.3 billion in 2020 to $ 12.62 billion in 2025, recording a compound annual growth rate of above 6.3% over the forecast period from 2020 to 2025.

Cellulose is a highly present renewable organic material obtained in the biosphere. It has major properties like high mechanical strength, biocompatibility, hydrophilicity, substitutable optical look. Cellulose can be highly utilized in several uses. For example, it can be employed in the chemical industry. Nevertheless, it is challenging to utilize cellulose in the chemical industry owing to its not so good solubility. In order to get over this problem, cellulose is transformed into its derivatives like cellulose ester. They are obtained from the esterification and acylation getting from the reaction of cellulose with organic and inorganic acids. Cellulose esters are employed in several applications like cigarette filters, films & tapes, and plasticizers. Esterification of cellulose by the reaction of it with acid anhydrides in the availability of mineral acid catalyst is a generally utilized procedure, mainly for the making of cellulose acetate on commercial measurement.

Cellulose ester is called as the ester of cellulose nitrate or cellulose acetate. Inorganic and organic cellulose esters are obtained through the esterification of cellulose. Cellulose is obtained from natural cellulose through reaction with organic acids, acidic chlorides. 

Recent Developments 

  • Eastman introduces the latest portfolio of cellulose esters for food contact uses. Eastman is happy to declare the introduction of the latest portfolio of 13 cellulose esters for employment in food contact uses like inks, adhesives, tapes and labels, and internal can and other coatings.

  • Rayonier Advanced Materials is in a plan to take over Tembec, creating a diversified worldwide dominator in high purity cellulose, packaging, paper, good-yield pulp, and forest goods.

Drivers & Restraints in the Cellulose Esters Market

The expansion of the cellulose esters industry across the world is driven by the rising employment of cellulose esters in coatings, films & tapes, and cigarette filters applications. Due to an increase in the cases of lung cancer (highest in males), cigarette firms started a shift in cigarette design from unfiltered to filtered kind. Cellulose acetate is mainly utilized in the production of cigarette filter tow that is utilized as cigarette filters. Cigarette filters are mainly made to collect smoke components and absorb vapors. They assist in reducing the number of chemical particles and the smoke intake by smokers. Cellulose fibers are utilized in clothing and textiles since they make the material breathable and absorbent. They can be collaborated with different varieties of fibers like wool, cotton, and silk, and can also be dyed in various colors. Cellulose acetate is also utilized throughout the injection molding procedure for the making of spectacle frames. It assists in offering proper color blends and an impact on the spectacle frames. The developments in the applications act as a key driving factor for the cellulose esters industry.

The raw materials utilized in the making of cellulose esters involve wood pulp and purified plant obtained cellulose. The most general source of cellulose is pulp obtained from trees grown in responsibly cared forests. Some of the wood pulp is derived from third-party forest certification. Cellulose is also made with raw materials having acetyl groups to make cellulose acetate polymers. The raw materials utilized to make these polymers are acetic acid and acetic anhydride. Acetic acid is one of the simplest organic acids and a major component of vinegar and can be obtained by either the natural or artificial chemical procedures.

Changes in the costs of these raw materials, owing to downstream call and spot availability, are known to be a challenge for cellulose ester makers. The increasing awareness among people relating to the health risks posed by smoking is estimated to hamper the expansion of the global cellulose esters market.

This research report includes the segmentation of the Cellulose Esters Market as per the latest studies. 

Cellulose Esters Market By Type

  • Cellulose acetate
  • Cellulose acetate butyrate
  • Cellulose acetate propionate
  • Cellulose nitrate
  • Others

Cellulose acetate and cellulose nitrate have major features like versatility and transparency. Hence, cellulose acetate and cellulose nitrate are broadly utilized in the production of artifacts. Cellulose acetate also has high qualities like solubility, turbidity, and a high degree of alteration.

Cellulose Esters Market By Application

  • Coatings
  • Plasticizers
  • Films & Tapes
  • Automotive
  • Packaging
  • Oil & Gas

Automotive and packaging industries are estimated to expand higher in the coming days. This is estimated to propel the call for the overall cellulose esters industry in the future. Call for cellulose esters is expected to escalate in the cigarette industry, as cellulose esters are utilized in filters of cigarettes.

Cellulose Esters Market - By Region

  • North America Cellulose Esters Industry includes the US and Canada.

  • Europe Cellulose Esters Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

  • Asia Pacific Cellulose Esters Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

  • Latin America Cellulose Esters Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

  • Middle East & Africa Cellulose Esters Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

China has the biggest tobacco industry in the world. On the basis of production, the country accounts for approximately 40% share of the cellulose esters industry. Several key cigarette makers from North America and Europe are shifting to Asia Pacific owing to the presence of raw materials at low costs, ease of presence of industrial land, availability of low-cost labor, and increasing population. Hence, the cellulose esters industry in North America and Europe is estimated to expand at a slow pace during the foreseen period. On the other hand, the cellulose esters industry in Asia Pacific is probable to develop highly in the future. Latin America and Middle East & Africa account for a relatively lower share of the worldwide cellulose esters industry. Nevertheless, the rise in technological advancements in these areas is estimated to create more opportunities for the cellulose esters industry.

Major companies plying their trade in the Cellulose Esters Market include DowDupont (US), Eastman Chemical Company (US), SK Chemicals Co. Ltd. (South Korea), Solvay (Belgium), Nitrex Chemicals India Ltd. (India),China National Tobacco Corporation (China), Hangzhou Dayangchem Co. Ltd. (China), Daicel Chemical Company (Japan), Celanese Corporation (US), Nitro Química (Brazil), Acordis Cellulosic Fibers (US), Sichuan Nitrocell (China), Sappi (South Africa), Mitsubishi Chemical Holdings Corporation (Japan), Hagedorn AG (Switzerland), Zhejiang Honghao Tech. Co. Ltd. (China), Nobel NC Co. Ltd. (Thailand), Rayonier Advanced Materials (US), and Sichuan Push Acetati (China) are the leading shareholders of the Global Cellulose Esters Market. There is a constant competition between these companies based on the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Cellulose Acetate 

                                5.1.3 Cellulose Acetate Butyrate

                                5.1.4 Cellulose Acetate Propionate          

                                5.1.5 Cellulose Nitrate   

                                5.1.6 Others      

                                5.1.7 Y-o-Y Growth Analysis, By Type      

                                5.1.8 Market Attractiveness Analysis, By Type    

                                5.1.9 Market Share Analysis, By Type      

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Coatings   

                                5.2.3 Plasticizers              

                                5.2.4 Cigarette Filters    

                                5.2.5 Films & tapes         

                                5.2.6 Inks            

                                5.2.7 Others      

                                5.2.8 Y-o-Y Growth Analysis, By Application         

                                5.2.9 Market Attractiveness Analysis, By Application        

                                5.2.10 Market Share Analysis, By Application      

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 Australia  

                                6.3.6 South Korea           

                6.5 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 Nitro Química                                     

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Solvay                           

                8.3 DowDuPont               

                8.4 SK Chemicals Co. Ltd.                             

                8.5 Nitrex Chemicals India Ltd.                   

                8.6 China National Tobacco Corporation                                

                8.7 Eastman Chemical Company               

                8.8 Hangzhou Dayangchem Co. Ltd.                         

                8.9 Daicel Chemical Company                    

                8.10 Celanese Corporation                          

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  • Global Cellulose Esters Market Market By Region, From 2020-2025 ( USD Billion )

  • Global Cellulose Esters Market Market By Type, From 2020-2025 ( USD Billion )

  • Global Cellulose Acetate Market By Region, From 2020-2025 ( USD Billion )

  • Global Cellulose Acetate Butyrate Market By Region, From 2020-2025 ( USD Billion )

  • Global Cellulose Acetate Propionate Market By Region, From 2020-2025 ( USD Billion )

  • Global Cellulose Nitrate Market By Region, From 2020-2025 ( USD Billion )

  • Global Others Market By Region, From 2020-2025 ( USD Billion )

  • Global Cellulose Esters Market Market By Application, From 2020-2025 ( USD Billion )

  • Global Coatings Market By Region, From 2020-2025 ( USD Billion )

  • Global Plasticizers Market By Region, From 2020-2025 ( USD Billion )

  • Global Cigarette Filters Market By Region, From 2020-2025 ( USD Billion )

  • Global Films & tapes Market By Region, From 2020-2025 ( USD Billion )

  • Global Inks Market By Region, From 2020-2025 ( USD Billion )

  • Global Others Market By Region, From 2020-2025 ( USD Billion )

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