Market Overview

Cellulose esters are derived from renewable resources, which is has been used in many coating applications, including: automotive coatings that enable faster manufacturing and a seamless shine; industrial coatings that reduce sag and facilitate faster dry times; and semipermeable membranes used in osmotic drug delivery systems for the pharmaceutical industry.

 

Cellulose Esters Market is segmented by type, application and geography. By type market is segmented into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate, cellulose nitrate, and others. By application the market is further segmented by coatings, plasticizers, cigarette filters, films & tapes, inks, and others. Whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and Rest of the World.

 

The cellulose esters market has witnessed significant growth in the recent years, owing to the increasing use of cellulose esters in various applications such as cigarette filters, films & tapes, coatings, and plasticizers. The demand for cellulose esters is increasing in these applications due to the excellent biodegradability profile and filtration properties offered by them.     

Global Cellulose Esters Market Value (USD Million), 2018-2026

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The cellulose esters market has witnessed significant growth in the recent years, owing to the increasing use of cellulose esters in various applications such as cigarette filters, films & tapes, coatings, and plasticizers. The demand for cellulose esters is increasing in these applications due to the excellent biodegradability profile and filtration properties offered by them.                  

Also, cellulose esters are found in many coating applications, including automotive coatings that enable faster manufacturing and a seamless shine, industrial coatings that reduce sag and facilitate faster dry times, and semi permeable membranes used in osmotic drug delivery systems for the pharmaceutical industry.

Hence therefore use of cellulose ether into broad range of end user industries, followed by the robust growth and investment flow t0 the Asia Pacific construction industry and consistent global automobile sales to drive the demand of cellulose ester market.   

Global Commercial vehicles and Passenger Cars Sales, 2005-2018 (Million Units)

Source: International Organization of Motor Vehicle Manufacturers

Type segment Analysis

Based on type, Cellulose Esters market is classified into Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate, and others. Currently, Cellulose Acetate Butyrate is the dominant coating type segment and it accounts for approximately XX% of the market.

Cellulose acetate butyrate(CAB) is widely soluble and compatible with resins and plasticizers. hence it serves in many coating applications for many years that includes wood finishes, automotive topcoats, rubber and plastic coatings, textile coatings, glass coatings, flexographic gravure, screen printing inks, hot melts and adhesives. CAB is often an integral component in achieving desired color effects, particularly through consistent metallic flake orientation in automotive base coats

In addition, cellulose acetate butyrate is stable to ultraviolet light and do not react with dyes, fluorescent colors or metallic pigments. because of this property CAB is used in different types of coatings. Whereas films made of using CAB are optically clear, strong, and possess a high degree of ultraviolet stability.

Owing the user-friendly properties of this cellulose ether type and range of applications it has in end user industries has made CAB a most used cellulose ether type.

3

Source: International Organization of Motor Vehicle Manufacturers

Application segment Analysis

Based on application, Cellulose Esters market is classified into coatings, plasticizers, cigarette filters, films & tapes, inks, and others. currently coatings application is the dominant segment and it accounts for approximately XX% of the market.

Consumption of automotive paints is directly related to the production of vehicles, especially passenger cars. Increased vehicle interior applications and growing demand of paints and coatings.

 

At the same time, rising sales of premium passenger cars are expected to drive the demand for eco-friendly, low VOC coatings in near future. Hence biodegradable, environmental friendly cellulose ester raw material to witness better growth in future than the current demand.

Global Passenger Car sales, 2005-2018, (Million Units)

  Source: International Organization of Motor Vehicle Manufacturers

Cellulose Esters Market Share, By Application, 2018

Source: DataM Intelligence Analysis

Geographical Analysis

 

The Asia Pacific Cellulose Esters  Market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the strong growth in the construction and automobile industry in this region.  

Asia Pacific region represents the largest segment for consumption of automotive coatings in the world, accounting around half a percent of global demand. Also compared to the other parts of the globe, automotive  OEM coatings to grow at a higher rate compared to the other regions.

 

Moving forward automotive industry in the region to further expand with the flow of investments into the automobile industry for instance. On January 29, 2019  KIA motors have  initiated car production at the newly constructed car manufacturing facility with an annual production capacity of up to 300,000 units.

 

Maruti Suzuki India plans to increase its capacity to 0.75 million units at its unit in Gujarat plant by 2020, taking the total capacity to over 2.25 million units a year. While Thailand, wants to raise annual automobile production to 3.5 million units by 2025.

 

Therefore, the growing population, improving economies and rising middle class income  levels, investments flow into the region to further propel the development of automotive industry in the region, and thus to contribute to the demand of Cellulose Esters.

 

While Urban development in the region will have an important positive impact on the architectural coatings industry. For instance, one of the fast-growing economies in the region such as India have witnessed immense demand in commercial space such as office spaces, hotels, retail, entertainment units. Annual absorption of office space in India crossed 42 mn sq ft in 2017.

 

Furthermore, new construction activities, housing projects, airport development projects in the region are expected to drive the demand for coatings and hence cellulose esters demand in the Asia Pacific countries.

 Global Cellulose Esters Market, By Region 2018 (%)

Source: DataM Intelligence Analysis (2019)

Competitive Analysis:

Some of the major players in the global Cellulose Esters  Market includes Eastman Chemical Company, Solvay S.A., China National Tobacco Corp, Daicel Corporation, Celanese Corporation, Acordis Cellulosic Fibers, Inc, Sappi Limited, Mitsubishi Chemical Holdings Corporation, Rayonier Advanced Materials, Sichuan Push Acetati Co.,Ltd.

The Cellulose Esters market is a moderately consolidated market with the presence of many major players in the market. Key players in the market are implementing mergers and acquisition, product launches, expansions strategy in order to improve the market share.

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  • Visualize the composition of the Cellulose Esters  Market in terms of type, and application highlighting the key commercial assets and players.
  • Identify commercial opportunities in Cellulose Esters Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Cellulose Esters  Market - level 4/5 segmentation.
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The global Cellulose Esters  Market report would provide an access to an approx., 53 data table, 47 figures and 190 pages

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. Cellulose Esters Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2.  Cellulose Esters Market– Market Definition and Overview

  3.  Cellulose Esters Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4.  Cellulose Esters  Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Broad end-user industries and their growth to contribute cellulose esters demand.
    2. Restraints
      1. Low environmental regulations in developing economies.
    3. Opportunity
    4. Impact Analysis
  5.  Cellulose Esters Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Patent Analysis
  6. Cellulose Esters Market– By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Cellulose Acetate*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Cellulose Acetate Butyrate
    4. Cellulose Acetate Propionate
    5. Cellulose Nitrate
    6. Others
  7. Cellulose Esters Market– By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Coatings *
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Plasticizers
    4. Cigarette Filters
    5. Films & Tapes
    6. Inks
    7. Others
  8. Cellulose Esters  Market- By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
  9. Cellulose Esters Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10.  Cellulose Esters Market Company Profiles

    1. Eastman Chemical Company*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Solvay S.A.
    3. China National Tobacco Corp
    4. Daicel Corporation
    5. Celanese Corporation
    6. Acordis Cellulosic Fibers, Inc.
    7. Sappi Limited
    8. Mitsubishi Chemical Holdings Corporation
    9. Rayonier Advanced Materials
    10. Sichuan Push Acetati Co.,Ltd. (*List not exhaustive)
  11.  Cellulose Esters  Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 1 Global Cellulose Esters Market Value, By Type, 2018,2022 & 2026 ($ Million)
Table 2 Global Cellulose Esters Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 3 Global Cellulose Esters Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 4 Global Cellulose Esters Market Value, By Type, 2018,2022 & 2026 ($ Million)
Table 5 Global Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 6 Global Cellulose Esters Market Value, By Application, 2018,2022 & 2026 ($ Million)
Table 7 Global Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 8 Global Cellulose Esters Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 9 Global Cellulose Esters Market Value, By Region, 2017-2026 ($ Million)
Table 10 North America Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 11 North America Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 12 North America Cellulose Esters Market Value, By Country, 2017-2026 ($ Million)
Table 13 South America Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 14 South America Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 15 South America Cellulose Esters Market Value, By Country, 2017-2026 ($ Million)
Table 16 Europe Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 17 Europe Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 18 Europe Cellulose Esters Market Value, By Country, 2017-2026 ($ Million)
Table 19 Asia-Pacific Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 20 Asia-Pacific Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 21 Asia-Pacific Cellulose Esters Market Value, By Country, 2017-2026 ($ Million)
Table 22 Middle East & Africa Cellulose Esters Market Value, By Type, 2017-2026 ($ Million)
Table 23 Middle East & Africa Cellulose Esters Market Value, By Application, 2017-2026 ($ Million)
Table 24 Eastman Chemical Company: Overview
Table 25 Eastman Chemical Company: Product Portfolio
Table 26 Eastman Chemical Company: Key Developments
Table 27 Solvay S.A.: Overview
Table 28 Solvay S.A.: Product Portfolio
Table 29 Solvay S.A.: Key Developments
Table 30 China National Tobacco Corp: Overview
Table 31 China National Tobacco Corp: Product Portfolio
Table 32 China National Tobacco Corp: Key Developments
Table 33 Daicel Corporation: Overview
Table 34 Daicel Corporation: Product Portfolio
Table 35 Daicel Corporation: Key Developments
Table 36 Celanese Corporation: Overview
Table 37 Celanese Corporation: Product Portfolio
Table 38 Celanese Corporation: Key Developments
Table 39 Acordis Cellulosic Fibers, Inc.: Overview
Table 40 Acordis Cellulosic Fibers, Inc.: Product Portfolio
Table 41 Acordis Cellulosic Fibers, Inc.: Key Developments
Table 42 Sappi Limited: Overview
Table 43 Sappi Limited: Product Portfolio
Table 44 Sappi Limited: Key Developments
Table 45 Mitsubishi Chemical Holdings Corporation: Overview
Table 46 Mitsubishi Chemical Holdings Corporation: Product Portfolio
Table 47 Mitsubishi Chemical Holdings Corporation: Key Developments
Table 48 Rayonier Advanced Materials: Overview
Table 49 Rayonier Advanced Materials: Product Portfolio
Table 50 Rayonier Advanced Materials: Key Developments
Table 51 Sichuan Push Acetati Co.,Ltd: Overview
Table 52 Sichuan Push Acetati Co.,Ltd: Product Portfolio
Table 53 Sichuan Push Acetati Co.,Ltd: Key Developments


LIST OF FIGURES:
Figure 1 Global Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 2 Global Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 3 Global Cellulose Esters Market Share, By Region, 2018 & 2026 (%)
Figure 4 Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 5 Global Cellulose Esters Market Y-o-Y Growth, By Type, 2018-2026 (%)
Figure 6 Cellulose Acetate: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 7 Cellulose Acetate Butyrate: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 8 Cellulose Acetate Propionate: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 9 Cellulose Nitrate: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 10 Others: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 11 Global Cellulose Esters Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 12 Coatings: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 13 Plasticizers: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 14 Cigarette Filters: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 15 Films & Tapes: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 16 Inks: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 17 Others: Global Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 18 Global Cellulose Esters Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 19 North America Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 20 North America Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 21 North America Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 22 North America Cellulose Esters Market Share, By Country, 2018 & 2026 (%)
Figure 23 South America Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 24 South America Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 25 South America Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 26 South America Cellulose Esters Market Share, By Country, 2018 & 2026 (%)
Figure 27 Europe Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 28 Europe Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 29 Europe Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 30 Europe Cellulose Esters Market Share, By Country, 2018 & 2026 (%)
Figure 31 Asia-Pacific Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 32 Asia-Pacific Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 33 Asia-Pacific Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 34 Asia-Pacific Cellulose Esters Market Share, By Country, 2018 & 2026 (%)
Figure 35 Middle East & Africa Cellulose Esters Market Value, 2017-2026 ($ Million)
Figure 36 Middle East & Africa Cellulose Esters Market Share, By Type, 2018 & 2026 (%)
Figure 37 Middle East & Africa Cellulose Esters Market Share, By Application, 2018 & 2026 (%)
Figure 38 Eastman Chemical Company: Financials
Figure 39 Solvay S.A.: Financials
Figure 40 China National Tobacco Corp: Financials
Figure 41 Daicel Corporation: Financials
Figure 42 Celanese Corporation: Financials
Figure 43 Acordis Cellulosic Fibers, Inc.: Financials
Figure 44 Sappi Limited: Financials
Figure 45 Mitsubishi Chemical Holdings Corporation: Financials
Figure 46 Rayonier Advanced Materials: Financials
Figure 47 Sichuan Push Acetati Co.,Ltd: Financials

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