Overview and Scope
The cellulose esters and ethers include cellulose ethers which are nothing but water-soluble polymers obtained from cellulose and cellulose esters. These polymers are very abundantly used for thickening paint in the paint industry and used as thickeners in the food and beverages industry. These polymers have also found application in the pharmaceuticals and cigarette industry recently.
Sizing and Forecast
The cellulose esters and ethers market size has grown strongly in recent years. It will grow from <b>$6.19 billion in 2023 to $6.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the historic period can be attributed to increased coating and paint industry, increased pharmaceutical applications, growing demand for food and beverage industry, increasing plastics and polymers sector, and growth of the textile industry.
The cellulose esters and ethers market size is expected to see strong growth in the next few years. It will grow to <b>$9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. </b> The growth in the forecast period can be attributed to emerging market growth, increasing research and development, growing specialty applications, increasing healthcare infrastructure, and increasing need for water-based formulations. Major trends in the forecast period include sustainable materials production, introduction of innovative solutions, technological advancements, and development of customized products
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Segmentation & Regional Insights
The cellulose esters and ethers market covered in this report is segmented –
1) By Product: Cellulose Acetate, Cellulose Nitrate, Carboxymethyl Cellulose, Methyl Cellulose, Ethyl Cellulose, Hydroxyethyl Cellulose, Hydroxypropyl Cellulose
2) By Process: Kraft Process, Sulphite Process
3) By End User Industry: Food And Beverages, Oil And Gas, Paper And Board, Paints And Adhesive, Detergents, Other End Users
<b>North America</b> was the largest region in the cellulose esters and ethers market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulose esters and ethers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth of the personal care industry is driving the growth of the cellulose esters and ethers market. Cellulose esters and ethers are employed in personal care products like body lotions, shampoos, face creams, and cold creams owing to their excellent binding, thickening, stabilizing, and moisturizing properties. For instance, according to the financial express data 2021, an Indian daily, India’s beauty and personal care market is estimated at $ 25.9 billion in 2020 and is projected to reach $ 32.7 billion by 2023. There has never been a better time to run a direct-to-consumer beauty and personal care brand in India. Therefore, the growth of the personal care industry is driving the cellulose esters and ethers market growth.
Key Industry Players
Major companies operating in the cellulose esters and ethers market include <b> Borregaard Group., Rayonier Advanced materials, Celanese Corporation, Eastman Chemical Company, Nouryon, Ashland Inc., Daicel Corporation, Dow Inc., Sappi Limited, Lamberti S.p.A, Asha Cellulose pvt ltd., Sichuan Push Acetati Co.Ltd., Acordis Cellulostic Fibres, J.M. Huber Corporation, Georgia-Pacific LLC, Akzo Nobel N.V., Rhodia Acetow International GmbH, Shandong Head Group Co Ltd., Lotte Group., Mikem Chemical, ChemPoint inc., CP Kelco U.S. Inc., Sichem LLC, Mitsubishi Chemical Corporation, Solvay SA., China Ruitai International Holdings Co Ltd., Huzhou Zhanwang Pharmaceutical Co Ltd. </b>
The cellulose esters and ethers market report table of contents includes:
1. Executive Summary
2. Cellulose Esters and Ethers Market Characteristics
3. Cellulose Esters and Ethers Market Trends And Strategies
4. Cellulose Esters and Ethers Market – Macro Economic Scenario
5. Global Cellulose Esters and Ethers Market Size and Growth
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31. Global Cellulose Esters and Ethers Market Competitive Benchmarking
32. Global Cellulose Esters and Ethers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cellulose Esters and Ethers Market
34. Cellulose Esters and Ethers Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Borregaard Group
Rayonier Advanced materials,
Celanese Corporation
Eastman Chemical Company
Nouryon
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