Cellulose ester is known as theester of cellulose nitrate or cellulose acetate.Inorganic and organic cellulose esters are produced through esterification of cellulose. Cellulose is derived from natural cellulosethrough reaction with organic acids, anhydrides, or acidic chlorides. Due to excellent mechanical, physical properties, biocompatibility, hydrophilicity, optical appearance, superior flow-out properties and pigment wetting characteristics, these are widely used in building &construction, automotive, and electronics industries.

Rise in demand for cellulose ester in coating industry owing to its pigment wetting characteristic, excellent flow-out properties, compatibility, and rapid dry time is anticipated to increase the its requirement during the forecast period. Moreover, increase in demand for global cellulose ester in food & beverages, cigarette filter, and photographic films is expected to drive the cellulose esters market growth. In addition,rapid usage of cellulose ester in body lotion, shampoos, face, and cold cream is anticipated to escalate segment growth in personal care. However, rise in raw material pricesand production cost of cellulose manufacturing are the factors expected to hamper the cellulose estermarket growth over the projected timeframe. Nonetheless, advancement of nanomaterials with esterification of cellulose is anticipated to provide new opportunities in plastics, lacquers, coatings, explosives, and propellants industry. 

The celluloseesters market is segmented by type, application, enduser, and region. By type, it is divided into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate and cellulose nitrate. By application, it is differentiated into films and tapes, cigarette filter, enamels, plastic frame, inks, and others. Cellulose esters are widely used in cigarette filters as it helps to reduce the toxicity of tobacco smoke by decreasing the amount of smoke and tar. By enduser, the market is divided into automotive, oil &gas, textile, paints &coatings, pharmaceutical, and others. Cellulose esters are used in pharmaceutical sectors owing to their application in solid pharmaceutical dosage for controlled drug delivery.By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).

Some of the key players operating in the global cellulose esters market are Eastman Chemical Company, Daicel Corporation, j. Rettenmaier&Sohne GmbH, Sappi Limited, Mitsubishi Chemical Holding Corporation, Celanese Corporation, Sichuan Push Acetati Co., Limited, Rayonier Advanced Materials, Rotuba, and others.

Key Benefits for Stakeholders:

• The global cellulose esters market size has been analyzed across four major regions.

• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the market for strategy building.

• The report outlines the current market trends and future scenario of the market size from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets. 

• Major countries in each region have been mapped according to their individual revenue contribution to the regional cellulose esters market.

• The key drivers, restraints, opportunities,and market trends along with their detailed impact analysis are elucidated in the study.

• The global cellulose esters market analysis covers in-depth information of the major industry participants.

Scope of the Report:

Key Market Segmentation:

      Questions answered in the global cellulose esters marketresearch report:

• What is the growth rate of the market during the forecast period?

• What will be the global cellulose esters market size from 2020 to 2027?

• Who are the leading manufacturing companies in the global cellulose esters market?

• How the major current trends will shape the market in the future?

• What are the driving factors and opportunities in the market?

• Which will be the niches at which players profiling with thorough plans, financials, and recent advancements should set a presence?