Data Bridge Market Research has recently added a concise research on Global Cellulose Esters Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Nitro Química, Synthesia a.s., sichuan nitrocell Co. LTD., Hangzhou Dayangchem Co.Ltd., NOBEL NC, Hagedorn AG, Novartis AG, F. Hoffmann-La Roche Ltd, Abott, Johnson & Johnson Services Inc., Bayer AG, Zhejiang Honghao Technology Co. Ltd., and SK chemicals.
Cellulose is an organic compound that is majorly found in the cell walls of plants, occurring naturally in fibrous products like cotton, wood and dried hemp. It is majorly applied in a number of industries and products due to its abundance as an organic polymer. This organic compound is integrated with reagents and cellulose esters are formed. These esters are majorly used as film and fibre coating materials.
Analysis of Global Cellulose Esters Market report:
Global Cellulose Esters Market is set to rise from its initial estimated value of USD 9.20 billion in 2018 to an estimated value of USD 14.38 billion by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand of its applications in the cigarette filters market and coatings market.
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- Increasing demand from the industries located in the Asia-Pacific region is expected to drive the market growth
- Advancements and developments in the market for the application of cellulose esters is expected to drive the market growth
- Unstable and unreliable raw material prices are expected to restrain the market growth
- Rising awareness and health concerns regarding the consumption of cigarettes which is one of the major applications for cellulose ester is expected to restrain the market growth
Top Manufacturers Profiles Operating in the Global Cellulose Esters Market:
Few of the major competitors currently working in the cellulose esters market are Eastman Chemical Company, Solvay, Daicel Corporation, Celanese Corporation, Sappi, Mitsubishi Chemical Holdings Corporation, Rayonier Advanced Materials, Sichuan Push Acetati Co.Ltd., Rotuba, DowDuPont, Nitrex Chemicals India Ltd
Global Cellulose Esters Market Segmentation:
- Cellulose Acetate
- Cellulose Acetate Propionate
- Cellulose Acetate Butyrate
- Cellulose Nitrate
- Films & Tapes
- Cigarette Filters
- North America
- South America
- Asia Pacific
- Middle-east and africa
Global cellulose esters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cellulose esters market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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