Cellulose Esters Market

Cellulose Esters Market Size (2023-2028):

The cellulose esters market will grow from US$ 11.3 billion in 2022 to $ 14.62 billion in 2028, recording a compound annual growth rate of above 8.3% over the forecast period from 2023 to 2028.

Cellulose is a highly present renewable organic material obtained in the biosphere. It has major properties like high mechanical strength, biocompatibility, hydrophilicity, and a substitutable optical look. Cellulose can be highly utilized in several uses. For example, it can be employed in the chemical industry. Nevertheless, it is challenging to utilize cellulose in the chemical industry owing to its not-so-good solubility. In order to get over this problem, cellulose is transformed into its derivatives like cellulose ester. They are obtained from the esterification and acylation getting from the reaction of cellulose with organic and inorganic acids. Cellulose esters are employed in several applications like cigarette filters, films & tapes, and plasticizers. Esterification of cellulose by the reaction of it with acid anhydrides in the availability of mineral acid catalyst is a generally utilized procedure, mainly for the making of cellulose acetate on commercial measurement.

Cellulose ester is called the ester of cellulose nitrate or cellulose acetate. Inorganic and organic cellulose esters are obtained through the esterification of cellulose. Cellulose is obtained from natural cellulose through a reaction with organic acids, and acidic chlorides. 

Drivers & Restraints in the Cellulose Esters Market:

The expansion of the cellulose esters industry across the world is driven by the rising employment of cellulose esters in coatings, films & tapes, and cigarette filters applications. Due to an increase in the cases of lung cancer (highest in males), cigarette firms started a shift in cigarette design from unfiltered to filtered kind. Cellulose acetate is mainly utilized in the production of cigarette filter tow that is utilized as cigarette filters. Cigarette filters are mainly made to collect smoke components and absorb vapors. They assist in reducing the number of chemical particles and the smoke intake by smokers. Cellulose fibers are utilized in clothing and textiles since they make the material breathable and absorbent. They can be collaborated with different varieties of fibers like wool, cotton, and silk, and can also be dyed in various colors. Cellulose acetate is also utilized throughout the injection molding procedure for the making of spectacle frames. It assists in offering proper color blends and an impact on the spectacle frames. The developments in the applications act as a key driving factor for the cellulose esters industry.

The raw materials utilized in the making of cellulose esters involve wood pulp and purified plant-obtained cellulose. The most general source of cellulose is pulp obtained from trees grown in responsibly cared forests. Some of the wood pulp is derived from third-party forest certification. Cellulose is also made with raw materials having acetyl groups to make cellulose acetate polymers. The raw materials utilized to make these polymers are acetic acid and acetic anhydride. Acetic acid is one of the simplest organic acids and a major component of vinegar and can be obtained by either natural or artificial chemical procedures.

Changes in the costs of these raw materials, owing to downstream call and spot availability, are known to be a challenge for cellulose ester makers. The increasing awareness among people relating to the health risks posed by smoking is estimated to hamper the expansion of the global cellulose esters market.

CELLULOSE ESTERS MARKET REPORT COVERAGE:

This research report includes the segmentation of the Cellulose Esters Market as per the latest studies. 

Cellulose Esters Market - By Type:

• Cellulose acetate

• Cellulose acetate butyrate

• Cellulose acetate propionate

• Cellulose nitrate

• Others

Cellulose acetate and cellulose nitrate have major features like versatility and transparency. Hence, cellulose acetate and cellulose nitrate are broadly utilized in the production of artifacts. Cellulose acetate also has high qualities like solubility, turbidity, and a high degree of alteration.

Cellulose Esters Market - By Application:

• Coatings

• Plasticizers

• Films & Tapes

• Automotive

• Packaging

• Oil & Gas

This is estimated to propel the call for the overall cellulose esters industry in the future. Call for cellulose esters is expected to escalate in the cigarette industry, as cellulose esters are utilized in filters of cigarettes.

Cellulose Esters Market - By Region:

• North America Cellulose Esters Industry includes the US and Canada.

• Europe Cellulose Esters Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Cellulose Esters Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Cellulose Esters Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• Middle East & Africa Cellulose Esters Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

China has the biggest tobacco industry in the world. On the basis of production, the country accounts for approximately 40% share of the cellulose esters industry. Several key cigarette makers from North America and Europe are shifting to the Asia Pacific owing to the presence of raw materials at low costs, ease of presence of industrial land, availability of low-cost labor, and increasing population. Hence, the cellulose esters industry in North America and Europe is estimated to expand at a slow pace during the foreseen period. On the other hand, the cellulose esters industry in the Asia Pacific is probable to develop higher in the future. Latin America and Middle East & Africa account for a relatively lower share of the worldwide cellulose esters industry. Nevertheless, the rise in technological advancements in these areas is estimated to create more opportunities for the cellulose esters industry.

Recent Developments:

• Eastman introduces the latest portfolio of cellulose esters for food contact uses. Eastman is happy to declare the introduction of the latest portfolio of 13 cellulose esters for employment in food contact uses like inks, adhesives, tapes and labels, internal cans, and other coatings.

• Rayonier Advanced Materials is in a plan to take over Tembec, creating a diversified worldwide dominator in high-purity cellulose, packaging, paper, good-yield pulp, and forest goods.

Major Key Players:

DowDupont (US), Eastman Chemical Company (US), SK Chemicals Co. Ltd. (South Korea), Solvay (Belgium), Nitrex Chemicals India Ltd. (India),China National Tobacco Corporation (China), Hangzhou Dayangchem Co. Ltd. (China), Daicel Chemical Company (Japan), Celanese Corporation (US), Nitro Química (Brazil), Acordis Cellulosic Fibers (US), Sichuan Nitrocell (China), Sappi (South Africa), Mitsubishi Chemical Holdings Corporation (Japan), Hagedorn AG (Switzerland), Zhejiang Honghao Tech. Co. Ltd. (China), Nobel NC Co. Ltd. (Thailand), Rayonier Advanced Materials (US), and Sichuan Push Acetati (China) are the leading shareholders of the Global Cellulose Esters Market. There is constant competition between these companies based on the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.