DUBLIN--(BUSINESS WIRE)--The "Cellulose Esters Market by Type (Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate), by Application (Coatings, Plasticizers, Cigarette Filters, Films & tapes, Inks), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The cellulose esters market is projected to grow from 9.27 billion in 2018 to USD 12.43 billion by 2023, at a CAGR of 6% from 2018 to 2023.
The growing use of cellulose esters in various applications, increasing demand for cellulose esters from the Asia Pacific region, and ongoing technological advancements in various applications are leading to the growth of the cellulose esters market across the globe.
Moreover, the increasing demand for cellulose esters from major markets such as India and China is also fueling the growth of the cellulose esters market.
However, the rising awareness among masses regarding the health risks posed by smoking is expected to hamper the growth of the cellulose esters market across the globe.
The cellulose acetate type segment is projected to lead the cellulose esters market during the forecast period in terms of both, value and volume. The growth of this segment of the market can be attributed to the wide applicability of cellulose acetate esters in various applications such as cigarette filters, coatings, plasticizers, and films & tapes as these esters offer excellent mechanical and physical properties.
The coatings application segment is projected to lead the cellulose esters market during the forecast period, in terms of value. The growth of this segment of the market can be attributed to the increased use of cellulose esters in coatings required by the automotive and oil & gas industries.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Cellulose Esters Market, By Type
7 Cellulose Esters Market, By Application
8 Cellulose Esters Market, By Region
9 Competitive Landscape
10 Company Profiles
- Eastman Chemical Company
- Celanese Corporation
- China National Tobacco Corporation
- Daicel Corporation
- Acordis Cellulostic Fibers
- Mitsubishi Chemical Holdings Corporation
- Sichuan Push Acetati
- Rayonier Advanced Materials
- Nitrex Chemicals India
- Nitro Qumica
- Sichuan Nitrocell
- Hangzhou Dayangchem
- Nobel NC
- Hagedorn AG
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