The global cellulose esters market is forecasted to reach USD 15.82 Billion by 2028, according to a new report by Reports and Data. Cellulose is a renewable organic material which has several properties like biocompatibility, alterable optical appearance, and good mechanical strength. The cellulose ester is produced by the process of esterification and acylation.
The market for such esters is influenced by rising industries due to urbanization. The rising applications of coatings, films, and plasticizers are driving the market of cellulose esters. The automotive sector is depended on this market for the manufacturing of films, coatings, plasticizers, and many others. The cost price of the raw materials continuously fluctuates, and the introduction of strict government regulations are creating market restraints.
The factors mentioned above jointly create opportunities for the market growth while factors such as critical effects of cigarette filters manufacturing add limitations in the market. However, each element would have a specific impact on the market during the forecast period. Consistent developments in the market of polysaccharide esters used for industrial purposes owing to innovative efforts have improved the efficiency of cellulose esters.
Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/2006
Key participants Eastman Chemical Company, Celanese Corporation, DowDuPont, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co.Ltd., Nitro Química, Hangzhou Dayangchem Co.Ltd., Zhejiang Honghao Technology Co. Ltd., Johnson & Johnson Services Inc., and SK chemicals, among others.
In the Asia Pacific region due to the sudden rise in population and rapid urbanization, the market for such fabrics is propelling at a swift rate. The rising economy in counties like China and Japan due to favorable political, social, and economic conditions are helping the market to grow. Construction, transportation and automotive, and retail industries of the APAC region are using these materials for the coating, and manufacturing films & tapes used in vehicles, and buildings. China is the highest manufacturer and consumer of such materials.
Further key findings from the report suggest
- Construction industries held the largest market share of 38.1% in the year 2018. The expanding population and developing economies in countries like China and India are boosting the construction industries market. This, in turn, is benefiting the market for cellulose esters.
- The coatings segment is forecasted to witness the highest CAGR of 6.6% during the forecast period. This segment is rising since these materials are used in automotive, textile, oil & gas, and construction, among others.
- Cellulose Acetate segment held the largest market share of 39.6% in the year 2018. China became the largest consumer of this segment owing to the ever-growing construction and automotive industries along with the aerospace industry in this region because of the growing urbanization and industrialization. China became a leader in the world for production and consumption of cellulose products because of its low-cost labor, and the rise in urbanization with expanding economy compared with other countries.
- Asia Pacific is expected to witness the highest CAGR of 7.1% during the forecast period. Countries like India, China, Taiwan, Indonesia, and Japan are rapidly catching up with the growth in the cellulose ester market. The countries in this region have undertaken various measures towards the automotive project, which is propelling the market growth.
For the purpose of this report, Reports and Data have segmented into the global Cellulose Esters market on the basis of type, application, end-users and region:
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Coatings
- Films & Tapes
- Cigarette Filters
- Inks
- Plasticizers
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cellulose-esters-market
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Cellulose Acetate
- Cellulose Acetate Propionate
- Butyrate
- Cellulose Nitrate
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Automotive & Transportation
- Construction
- Apparels
- Others
Request For Customization: https://www.reportsanddata.com/request-customization-form/2006
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:
Non-Phthalate Plasticizers Market Analysis
Phthalic Anhydride Market Growth Rate
Butyl Acetate Market Manufacture
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Read More Related Reports:
Chlorhexidine Gluconate Solution Market Analysis
Chlorhexidine Gluconate Solution Market Demands
The global polyester staple fiber and filament yarns market is expected to reach USD 126.00 Billion by 2027, according to a new report by Reports and Data.Reports and Data has recently published a new report in the Global Polyester Staple Fiber & Filament Yarns Market with key focus on market size, share, recent and emerging trends, technological and product developments, mergers and acquisitions, revenue growth, and forecast estimation for the period of 2016-2027.
The global Polyester Staple Fiber & Filament Yarns market report is an exhaustive analysis of the chemicals and materials industry and offers key insights into the market dynamics, drivers, restraints, current and emerging trends, and growth opportunities in the Polyester Staple Fiber & Filament Yarns market.
The market size and share has been estimated and validated by implementing both top-down and bottom-up approaches.
The research report provides a comprehensive assessment of the top companies operating in the market to offer a clear understanding of the competitive landscape of the Polyester Staple Fiber & Filament Yarns market on a global and regional scale.Extensive primary and secondary research has been carried out to identify and screen the key players of the industry along with their market share, market reach, global position, revenue and gross profit margins, and overall company overview.
The report also offers insights into the recent mergers and acquisitions, joint ventures, collaborations, partnerships, licensing and manufacturing agreements, and product launches, among others.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2703 Key Companies Operating in the Polyester Staple Fiber & Filament Yarns Market are:Key participants include Tongkun Group Co. Ltd., Shenghong Corp., Xin Feng Ming Group, Reliance Industries Ltd., Reliance Industries Ltd., William Barnet & Son LLC, Sarla Performance Fibers, Indorama Ventures Public Company Limited, Polyfibre Industries, Toray Industries Inc., and GreenFiber International SA, among others.Rapid adoption of digital technologies to improve efficiency and production, prioritization of environment sustainability, enhancement of global supply chain, and rising import/export of chemicals and materials have significantly contributed to the revenue growth of the market.
Increasing demand for personal care and consumer products such as soaps and other materials, growing focus on the production of petrochemicals, increasing capital expenditures, and rising emphasis on decarbonization have further fueled the revenue growth of the materials and chemicals industry.The report offers a key assessment of the major geographical regions in the Polyester Staple Fiber & Filament Yarns market along with focus on factors such as regulatory framework, , manufacturing and product policies, cost analysis, import and export ratio, supply and demand dynamics, trends, global revenue generation, and profit margins.
Endoscopy Devices Market Insights and Trend Analysis By Treatment & Procedure (Abdominal, Pelvic Organ Conditions and Gynecologic), Type, (Flexible Endoscopes), Therapy (Gastroscopy), Application, (Gastrointestinal Endoscopy), Accessory & Processor, Technology, End User, Size Analysis, Share Growth and Segmentation Till 2023
The Global Endoscopy Devices Market size will grow at a CAGR of 6.3% during the forecast period of 2017-2023, asserts Market Research Future (MRFR).
An endoscope is a medical instrument used to examination of interior parts of organs and this process is called as endoscopy.
Endoscopic procedures are helpful in diagnosis and treatment of bile duct stones gastric cancer and Barrett’s esophagus.
Endoscopy Devices Market is expected to witness significant growth due to occurrence of chronic diseases and growing popularity of minimally invasive medical procedures.
Request Free Sample Report at: https://www.marketresearchfuture.com/sample_request/1967
The global Jewelry Market size is expected to showcase a considerable growth by reaching USD 266.53 billion, while exhibiting a CAGR of 3.7% between 2020 and 2027.
This is attributable to the increasing adoption of technology and the remarkable emergence of digital media platforms that propel the demand for luxury jewelry globally.
Fortune Business Insights, published this information in its latest report, titled, “Jewelry Market Size, Share Impact Analysis, By Product (Necklace, Earrings, Ring, Bracelet, and Others), Material Type (Gold, Platinum, Diamond, and Others), End-user (Men and Women), and Regional Forecast, 2020-2027.”The report further mentions that the market stood at USD 330.0 billion in 2019 and is projected to gain momentum in the forthcoming years.Browse Summary of This Research:https://www.fortunebusinessinsights.com/jewelry-market-102107
New York, NY 19 May 2021: Global nitrous oxide market is expected to grow from USD 789.2 million in 2017 to USD 1,441.2 million by 2026, at a CAGR of 6.2% during the forecast period according to a study published by Polaris Market Research.
Higher definition new display technologies including the ultra high definition and OLED require higher amounts of nitrous oxide and this has been a new expansion in its demand.
Its use as food & beverage propellant such as for whipped creams, industrial agents and foaming agents, as fuel oxidizer in race cars and rockets are some of its promising application sectors.
But, it has been consider as a global warming compounds by Kyoto protocol.
Almost most of the warming contributions globally arise from secondary reaction of fertilizers in solids and other agriculture sources.
Hence, this fact has been a major restraint in the industry growth till now.
