Market Overview:
The global cellulose ester market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cellulose esters in paints, coatings, primers, and enamels for automotive applications. In addition, the growing demand for cellulose esters in wood coatings and plastic coatings is also contributing to the growth of this market. Furthermore, rising demand from consumer electronics industry is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during forecast period. On basis of type, cellulose acetate segment accounted for majority share in global cellulose ester market in 2017 and it is projected to maintain its dominance during forecast period as well.
Product Definition:
Cellulose ester is a colorless, odorless, and tasteless powder that is soluble in organic solvents. It is used as a textile finishing agent to impart water repellency and oil resistance.
Cellulose Acetate:
Cellulose acetate is a cellulosic polymer, manufactured by the chemical synthesis of natural cellulose. Cellulose acetate is used in various applications such as cigarette filters, cigarette filter papers, tea/coffee bags and photographic films. It has been estimated that approximately 1 ton of cellulose acetate is required to produce 1 ton of cigarettes.
Cellulose Acetate Propionate:
Cellulose Acetate Propionate (CAP) is a cellulose ester and it is manufactured by the reaction of propionic acid and acetic anhydride. Cellulose acetate propionate has high demand in textile industry as a wetting agent, sizing agent, anti-sticking agent, anti-blocking agents and bonding agents. It also finds application in paper making as well as coating & printing Inks.
Application Insights:
Paints and coatings emerged as the leading application segment and accounted for a revenue share of over 30.0% in 2017. Paints are used to protect metal, wood, plastic, glass and other materials from damage due to friction or abrasion. Cellulose esters are increasingly being utilized as solvents in paints & coatings owing to their low VOC content which reduces environmental pollution caused due to toxic emissions during the manufacturing process of these products. In addition, increasing demand for eco-friendly paints is expected to drive growth over the forecast period.
Cellulose acetate is widely utilized in enamels for automotive applications owing to its high viscosity index which improves adhesion between polymer/metal substrates on account of its adhesive properties when applied under high temperature conditions (above 300°C).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rapid urbanization in emerging countries such as China, India, Indonesia, Malaysia and Thailand. In addition, rising disposable income coupled with an increase in spending power is anticipated to drive the construction industry which will propel cellulose ester demand over the forecast period.
The paints & coatings application segment dominated global consumption accounting for more than 80% of total volume share in 2016 on account of growing end-use industries such as electronics manufacturing and automotive manufacturing along with high consumer disposable income levels across Asia Pacific region. The presence of key manufacturers including Sinopec Shanghai Petrochemical Corporation (Sinosteel) Ltd., Lanxess AG; Hoechst Celanese Corp.; SINOPEC JV; Unitech Group; Nippon Paint Holdings Co.; PPG Industries Inc.; Sherwin Williams Co.
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, textiles, and automotive due to its properties such as good thermal stability, low flammability, and resistance to solvents
- Rising awareness about the benefits of cellulose esters among consumers
- Growing investments by key players in research and development activities to develop new products
- Expansion of production capacities by key manufacturers to cater to the increasing demand
- Emergence of bio-based cellulose esters that are environment friendly
Scope Of The Report
Report Attributes
Report Details
Report Title
Cellulose Ester Market Research Report
By Type
Cellulose Acetate, Cellulose Acetate Propionate
By Application
Paints, Coatings, Primers, Enamels for Automotive, Wood, Plastic, Paper, Consumer Electronics
By Companies
Eastman Chemical, Membrane Solutions, Zhejiang Honghao Technology, Mitsubishi Rayon, Daicel Chemical, Solvay, SK Chemicals, Celanese, Eastman Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Cellulose Ester Market Report Segments:
The global Cellulose Ester market is segmented on the basis of:
Types
Cellulose Acetate, Cellulose Acetate Propionate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints, Coatings, Primers, Enamels for Automotive, Wood, Plastic, Paper, Consumer Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman Chemical
- Membrane Solutions
- Zhejiang Honghao Technology
- Mitsubishi Rayon
- Daicel Chemical
- Solvay
- SK Chemicals
- Celanese
- Eastman Chemical
Highlights of The Cellulose Ester Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellulose Acetate
- Cellulose Acetate Propionate
- By Application:
- Paints
- Coatings
- Primers
- Enamels for Automotive
- Wood
- Plastic
- Paper
- Consumer Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cellulose Ester Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cellulose esters are a type of polysaccharide that is derived from cellulose. Cellulose esters are often used as thickeners and emulsifiers in food products.
Some of the major players in the cellulose ester market are Eastman Chemical, Membrane Solutions, Zhejiang Honghao Technology, Mitsubishi Rayon, Daicel Chemical, Solvay, SK Chemicals, Celanese, Eastman Chemical.
The cellulose ester market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cellulose Ester Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cellulose Ester Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cellulose Ester Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cellulose Ester Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cellulose Ester Market Size & Forecast, 2020-2028
4.5.1 Cellulose Ester Market Size and Y-o-Y Growth
4.5.2 Cellulose Ester Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cellulose Acetate
5.2.2 Cellulose Acetate Propionate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Paints
6.2.2 Coatings
6.2.3 Primers
6.2.4 Enamels for Automotive
6.2.5 Wood
6.2.6 Plastic
6.2.7 Paper
6.2.8 Consumer Electronics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cellulose Ester Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cellulose Ester Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cellulose Acetate
9.6.2 Cellulose Acetate Propionate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Paints
9.10.2 Coatings
9.10.3 Primers
9.10.4 Enamels for Automotive
9.10.5 Wood
9.10.6 Plastic
9.10.7 Paper
9.10.8 Consumer Electronics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cellulose Acetate
10.6.2 Cellulose Acetate Propionate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Paints
10.10.2 Coatings
10.10.3 Primers
10.10.4 Enamels for Automotive
10.10.5 Wood
10.10.6 Plastic
10.10.7 Paper
10.10.8 Consumer Electronics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cellulose Acetate
11.6.2 Cellulose Acetate Propionate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Paints
11.10.2 Coatings
11.10.3 Primers
11.10.4 Enamels for Automotive
11.10.5 Wood
11.10.6 Plastic
11.10.7 Paper
11.10.8 Consumer Electronics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cellulose Acetate
12.6.2 Cellulose Acetate Propionate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Paints
12.10.2 Coatings
12.10.3 Primers
12.10.4 Enamels for Automotive
12.10.5 Wood
12.10.6 Plastic
12.10.7 Paper
12.10.8 Consumer Electronics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cellulose Acetate
13.6.2 Cellulose Acetate Propionate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Paints
13.10.2 Coatings
13.10.3 Primers
13.10.4 Enamels for Automotive
13.10.5 Wood
13.10.6 Plastic
13.10.7 Paper
13.10.8 Consumer Electronics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cellulose Ester Market: Competitive Dashboard
14.2 Global Cellulose Ester Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman Chemical
14.3.2 Membrane Solutions
14.3.3 Zhejiang Honghao Technology
14.3.4 Mitsubishi Rayon
14.3.5 Daicel Chemical
14.3.6 Solvay
14.3.7 SK Chemicals
14.3.8 Celanese
14.3.9 Eastman Chemical
