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Cellulose Esters And Ethers Market Is Expected to Represent USD 7.12 Billion By 2025: Grand View Research, Inc.

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Cellulose Esters And Ethers Market Is Expected to Represent USD 7.12 Billion By 2025: Grand View Research, Inc.

September 16
08:33 2019
Cellulose Esters And Ethers Market Is Expected to Represent USD 7.12 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,Growing wood coatings and oil and gas industries is expected to trigger demand for cellulose esters and ethers. Additionally, rising demand from end-user industries such as printing inks and food and beverages industries is expected to drive growth in Asia Pacific.

According to a report, “Cellulose Esters & Ethers Market Size, Share & Trends Analysis Report By Product (Cellulose Acetate, Cellulose Nitrate, Carboxymethyl, Cellulose), By Process, By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global cellulose esters and ethers market size is expected to reach USD 7.12 billion by 2025, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 5.0% during the forecast period. Growing wood coatings and oil and gas industries is expected to trigger demand for cellulose esters and ethers. Additionally, rising demand from end-user industries such as printing inks and food and beverages industries is expected to drive growth in Asia Pacific.

Manufacturers are focusing on flavored tobacco products owing to their increasing popularity worldwide. Flavored tobacco products include e-cigarettes, flavored smokeless tobacco, hookah, and cigarillos. Factors such as strong distribution network and growing popularity of flavored cigarettes are expected to drive the growth of the market.

Food and beverage, cosmetics, pharmaceutical, and oil and gas industries are the major markets for cellulose esters and ethers in Europe. Upsurge in the usage of personal care products countries such as U.K., Germany, France, and Italy is projected to have a positive impact on the market growth over the forecast period.

Significant companies are more inclined towards mergers and acquisitions to expand their reach worldwide. In November 2017, Rayonier Advanced Materials announced the acquisition of Tembec and combined two high-purity cellulose businesses, which resulted in the expansion of the company’s product offerings with the addition of paper, integrated forest products, paperboard, and newsprint businesses.

In January 2019, Celanese Corporation successfully acquired Next Polymers Ltd., which is India’s prominent thermoplastic compounder. This acquisition expanded the company’s global presence with the addition of 10 production lines.

Global cellulose esters & ethers market

Further key findings from the report suggest:

  • The food and beverage segment is anticipated to witness significant growth over the forecast period, owing to rise in consumer spending on eating outdoors such as fast-food outlets and full service restaurants increases the number of F&B operators in retail destinations

  • Surging popularity of skincare products owing to increasing consumer concerns regarding the harmful effects of pollution on the skin is anticipated to stimulate the demand for cellulose esters and ethers in personal care and cosmetics products

  • Chitosan is the substitute for cellulose acetate phthalate. It is cheap, available in abundance, and has several properties similar to that of cellulose acetate phthalate, which is likely to hamper growth of cellulose esters and ethers market

  • Major cellulose esters & ethers market players include J.M. Huber Corporation, J.M. Huber Corporation, Rayonier Advanced Materials, Georgia-Pacific, Borregaard, Daicel Corporation, Celanese Corporation, Rhodia Acetow International GmbH, AkzoNobel N.V., Ashland, Eastman Chemical Company, Lamberti S.p.A, and The Dow Chemical Company

Process Insights

The kraft process is widely utilized manufacturing process and it produces the strongest fiber-based paper and paperboard products. The major goal of these pulping processes is to produce easily bleachable pulps with low lignin content and high strength properties.

Sulfite process is an acidic process whereas the kraft process is an alkaline one. The principle of these two processes is to separate the cellulose from impurities present in the wood. The pulp obtained requires more bleaching in the kraft process as compared to the pulp obtained in the sulfite process.

Global cellulose esters & ethers market

The paper produced using the kraft process has better strength than that obtained from other pulping processes. Various wastes are obtained throughout this process and are considered as by-products depending on their further utilization. The vital by-products obtained during the kraft process include tall oil, turpentine, soap, and rosin.

Request A Free Sample Copy Of Cellulose Esters & Ethers Market Report At: www.grandviewresearch.com/industry-analysis/cellulose-ester-market/request/rs1

Kraft 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 the product.

Regional Insights

Growing pharmaceutical sector in U.S. due to increasing expenditure on medicines by local customers is anticipated to have a positive impact on the cellulose esters and ethers market. U.S. has a well-established cosmetic sector coupled with the presence of leading cosmetic manufacturers such as Johnson & Johnson, Procter & Gamble, and Unilever, which, in turn, is projected to fuel the consumption over the forecast period.

Food and beverage, cosmetics, pharmaceutical, and oil and gas industries are the major market drivers in Europe. Increasing use of personal care products in major countries such as U.K., Germany, France, and Italy is projected to have a positive impact on the growth over the forecast period. Increasing use of natural and synthetic personal care products is also expected to boost the regional expansion.

Cosmetics is predicted to be the fastest growing application segment in U.K. on account of high product consumption for improving the viscosity of cosmetic formulations such as skin care products, makeup products, and shampoos. In addition, rise in pharmaceutical expenditure, especially in R&D, is anticipated to fuel the demand for naturally derived ingredients in the country.

Asia Pacific is predicted to be one of the promising markets on account of favorable government regulations for promoting investments in manufacturing sectors. This is expected to fuel the demand in paints, coatings, and adhesives applications over the forecast period.

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Grand View Research has segmented the cellulose esters and ethers market on the basis of product, application, and regions:

Cellulose Esters and Ethers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2025)

  • 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

Cellulose Esters and Ethers Process Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 – 2025)

  • Kraft Process

  • Sulfite Process

  • Others

Cellulose Esters and Ethers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/cellulose-ester-market

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