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Global Cellulose Ester  Market Analysis, Market Size, Competitive Strategies, Forecasts to 2031

Kenneth Research recently added a report on the Global Cellulose Ester Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for Global Cellulose Ester Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Cellulose Ester Market valued approximately USD 8.76 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2018-2025. The Cellulose Ester market is developing and expanding at a significant pace. Cellulose esters are the additive compounds of cellulose being used due to the exclusive properties offered by them such as quick drying ability, compatibility and excellent flow-out properties. Various factors including shift of manufacturing base of cigarette from developed countries to emerging countries such as India, China and are offering lucrative opportunities to Asia-Pacific region to register dominance in the market in upcoming years.
Cellulose esters finds numerous applications in various industries including pharmaceuticals, food and beverages, oil & gas industries, paper and textile industries, automobile industry etc. The rising demand of cellulose esters particularly in Asia-Pacific region is primarily driving the market. However, the volatility in the prices of raw materials used for manufacturing cellulose esters acts is the major challenge for the industry.

On the basis of segmentation, the Cellulose Ester market is segmented into Type and application. The Type segment is classified into Cellulose Acetate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate, Cellulose Nitrate and Others. The application segment is classified into Coatings, Plasticizers, Cigarette Filters, Inks, Films & Tapes and Others. The Type segment is anticipated to dominate the Cellulose Ester market considering the forthcoming years and the global scenario.

The regional analysis of Global Cellulose Ester Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.

The leading market players mainly include-
Eastman Chemical Company
Solvay
China National Tobacco Corporation
Acordis Cellulostic Fibers
Celanese Corporation
Daicel Corporation
Mitsubishi Chemical Holdings Corporation
Sichuan Push Acetati
Rayonier Advanced Materials
Sappi

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Cellulose Acetate
Cellulose Acetate Propionate
Cellulose Acetate Butyrate
Cellulose Nitrate
Others

By Application:
Coatings
Plasticizers
Cigarette Filters
Films & Tapes
Inks
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Cellulose Ester Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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