Cellulose Ester Market, By Type (Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate and Others), By Application (Coatings, Films & Tapes, Inks, Cigarette Filters, Plasticizers and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI89219 | Publish Date: March 2024 | No. of Pages: 170

Global Cellulose Ester Market By Overview

Introduction:

Cellulose Ester Market was valued at US$ 6.8 billion in 2024 and is projected to grow at a CAGR of 7% to reach US$ 12.5 billion by 2034.

Cellulose ester is a naturally occurring cellulose nitrate ester that is mostly present in plant cell walls and may be found in fibrous materials such as cotton, wood, and dried hemp. It can also contain an organic or inorganic acid. Natural cellulose is often reacted with acid chlorides, organic acids, or anhydrides to produce cellulose esters. Commonly, cellulose is esterified by reacting it with acid anhydrides in the presence of mineral acid catalysts to create common cellulose esters, such as cellulose acetate, on a commercial scale.

Their outstanding pigment wetting capabilities, exceptional flow properties, and rapid drying or curing time make them widely employed in the chemicals and materials industries. Because cellulose esters may take on a variety of shapes and are resistant to tough working conditions, they are utilized in the production of tooth brushes and tool handles, which improves ergonomics. In addition, the expansion of the cellulose esters market is anticipated to be driven by the rise in demand for cellulose ester worldwide in food and beverage products, cigarette filters, and photographic films. Furthermore, it is projected that the fast adoption of cellulose ester in face, body, and cold cream products would accelerate the growth of the personal care market.

Over the anticipated timeframe, rising costs for cellulose manufacturing and raw material procurement are anticipated to impede the expansion of the cellulose ester market. However, it is anticipated that the development of nanomaterials by cellulose esterification would open up new possibilities for the plastics, lacquers, coatings, explosives, and propellants industries. The need for environmentally friendly solutions for films, coatings, and other applications is driving the cellulose ester industry. Despite obstacles, there are chances for expansion in the form of bio-based substitutes, technology breakthroughs, and broader application areas. It is anticipated that the market would expand significantly throughout the projected timeframe.

Cellulose Ester Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Cellulose Ester Market By Dynamics

Cellulose Ester Market Key Drivers:

  • Demand for filtered cigarettes

The increased incidence of lung cancer in the population has led to a change in cigarette design from unfiltered to filtered cigarettes. As per the information disclosed by the American Cancer Society, an approximate of 238,340 cases of lung cancer (117,550 males and 120,790 females) were diagnosed in 2023, and the disease was responsible for 127,070 fatalities.  As a result, the market for cellulose esters is primarily driven by the high utilization of cellulose esters in cigarette filters since they help to accumulate smoke particles and absorb vapors. The market for cellulose esters is influenced by the increasing use of filtered cigarettes, which reduces the amount of chemicals inhaled during smoking, as well as by developments in cellulose esters use.

  • Increasing use in the textile industry

the rise of demand for the fiber from the textile and apparel industries, which produce absorbent, breathable, and comfortable garment materials. The textile industry uses cellulose esters, such cellulose acetate and triacetate, because of their breathability, durability, and silk-like look. This need is a result of the fashion industry's ongoing efforts to find premium, environmentally friendly materials. The product's versatility in being blended with other fibers such as silk, wool, cotton, and rayon, along with its multicolored dyeing capabilities, are further reasons propelling the expansion of the cellulose ester market.

Cellulose Ester Market Restrains:

The market for cellulose esters is significantly constrained by the price volatility of raw materials. Important raw materials utilized in the synthesis of cellulose esters, including as wood, caustic soda, and cotton, have variable prices because of characteristics like supply and demand dynamics, restricted availability, and variations in climate. The existence of a more affordable substitute with comparable qualities, chitosan acetate phthalate, poses a challenge for the cellulose ester market. As a thickener, emulsifier, and stabilizer, carboxymethyl cellulose (CMC) is essential to the food and beverage industry and is used in a wide range of food items. This replacebility factor of the target market may hinder the growth of the market in the forecast period.

Global Cellulose Ester Market By Segmentation

Cellulose Ester Market is segmented based on Type, Application and region:

Type Insights:

  • Cellulose Acetate:

Cellulose Acetate is synthesized by acetylating cellulose. It is an adaptable ester with film-forming capabilities, making it ideal for trapping tar particles in wood, metal, and automotive coatings, films, and cigarette filters.

  • Cellulose Acetate Butyrate:

Cellulose Acetate Butyrate has excellent weatherability, impact resistance, and transparency. Its superior adherence and durability make it a popular choice for coatings on metal, plastic, and wood surfaces. They also serve as a plasticizer in formulations including polymers.

  • Cellulose Acetate Propionate:

Cellulose Acetate Propionate is a very compatible compound with other resins and possesses low toxicity and odor. It finds use in plastics to increase adhesion and flexibility, coatings to improve adhesion, and inks to improve printability.

  • Cellulose Nitrate:

Cellulose nitrate is often traditionally utilized in film and photography, cellulose nitrate is very combustible and has few uses in current times because of safety issues. Safer substitutes have essentially taken its place.

  • Others:

Others include types of cellulose esters that contain similar characteristics with unique applications and uses in the market.

Among the above mentioned segments the one that dominates the market the most is the cellulose acetate segment due to its wide applications and versatility in various end-use industries textiles, and healthcare.

Application Insights:

  • Coatings:

Cellulose esters are widely employed in coatings on a variety of surfaces to provide adhesion, durability, and weather resistance. Applications of cellulose esters in coatings include wood and metal coatings, as well as automobile finishes.

  • Films & Tapes:

Cellulose acetate is an important component in the creation of films and tapes, providing clarity, flexibility, and stickiness. These films find application in packaging, photography, and sticky tapes.

  • Inks:

Cellulose esters help to formulate inks by controlling viscosity, adherence, and improving printability. They are utilized in a variety of printing methods as it provides with advanced printability.

  • Cigarette Filter:

Cellulose Acetate is a popular material for cigarette filters because of its ability to capture tar and particles. Its porous structure allows efficient filtering.

  • Plasticizers:

Specific cellulose esters, such as cellulose acetate butyrate, work as plasticizers in polymer formulations, increasing flexibility and impact resistance.

  • Others:

Other areas of cellulose ester’s applications include in cosmetics, pharmaceuticals, textiles and other specialty applications. 

Among the segments mentioned above the one dominating the market the most is the coatings segment due to their brilliant film-forming capability, adhesion, and toughness making them suitable for protective and decorative coatings in diverse end-use sectors.

Regional Insights:

Cellulose Ester Market-Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Cellulose Ester Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the sophisticated industrial infrastructure and technological expertise, which are expected to contribute to the region's substantial revenue share during the outlook period. High standards and effective manufacturing processes that are appealing to domestic and foreign customers are made possible by this infrastructure.
  • Asia Pacific market is estimated to witness fastest revenue share because of the robust demand for cellulose esters from a range of sectors, including textiles, plastics, pharmaceuticals, and food packaging. The region's economic growth is increasing consumption and solidifying its position as the market leader.
  • Europe market is steadily growing due to the strong focus on environmental preservation and sustainability, the demand for eco-friendly and biodegradable products. Natural sources of cellulose esters support these endeavors, especially in the packaging, textile, and disposable product sectors.
  • Latin America market is an emerging region due to factors like growing infrastructure and building projects. Ink usage including cellulose esters is also expanding in the area.
  • Middle East & Africa market is in its developmental stages due to the rising demand of cellulose esters in coatings and films.

Report Scope:

Attribute

Details

Market Size 2024

US$ 6.8 billion

Projected Market Size 2034

US$ 12.5 billion

CAGR Growth Rate

7.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate and Others.

By Application - Coatings, Films & Tapes, Inks, Cigarette Filters, Plasticizers and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Cellulose Ester Market report based on Type, Application and region:

Cellulose Ester Market, By Type:

  • Cellulose Acetate
  • Cellulose Acetate Butyrate
  • Cellulose Acetate Propionate
  • Cellulose Nitrate
  • Others

Cellulose Ester Market, By Application:

  • Coatings
  • Films & Tapes
  • Inks
  • Cigarette Filter
  • Plasticizers
  • Others

Cellulose Ester Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Cellulose Ester Market By Key Players

The key players operating the Cellulose Ester Market includes, Eastman Chemical Company, Solvay, China National Tobacco Corporation, Daicel Corporation, Celanese Corporation, Acordis Cellulostic Fibers, Sappi, Mitsubishi Chemical Holdings Corporation, Rayonier Advanced Materials and Sichuan Push Acetati.

Global Cellulose Ester Market By Key Issues Addressed

Recent Development:

  • In January 2024, Daicel reported that it will increase the amount of cellulose acetate butyrate (CAB) it could produce in Thailand. The goal of this invention is to meet the growing demand for CAB in the electronics and automotive sectors.
  • In January 2023, A novel cellulose acetate tow called TOWPHAN® was introduced by Celanese Corporation. It is intended for use in cigarette filters and offers better filtering performance together with a smaller environmental effect.
  • In November 2023, IKEA and Solvay established a partnership to develop bio-based substitutes for common polymers used in IKEA goods. The market for cellulose esters, a possible bio-based substitute, may increase as a result of this partnership.
  • In January 2022, the RhodiaTM Celanese CA 765 film, a new high-performance cellulose acetate film created especially for food packaging applications, was introduced by Solvay. This film is a great sustainable substitute for conventional plastic packaging materials for a variety of food goods since it has better barrier qualities, is machinable and printable,
  • In September 2022, Mitsubishi Chemical Corporation expanded its product line and solidified its position in the cellulose esters market by purchasing a controlling share in Mitsubishi Chemical Cellulosic Products (MCCP).

Global Cellulose Ester Market By Company Profile

  • Eastman Chemical Company*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay
  • China National Tobacco Corporation
  • Daicel Corporation
  • Celanese Corporation
  • Acordis Cellulostic Fibers
  • Sappi
  • Mitsubishi Chemical Holdings Corporation
  • Rayonier Advanced Materials
  • Sichuan Push Acetati

“*” marked represents similar segmentation in other categories in the respective section

Global Cellulose Ester Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Cellulose Ester Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Cellulose Acetate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cellulose Acetate Butyrate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cellulose Acetate Propionate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cellulose Nitrate
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Cellulose Ester Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Coatings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Films & Tapes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Inks
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cigarette Filters
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Plasticizers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Cellulose Ester Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Eastman Chemical Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Solvay
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • China National Tobacco Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Daicel Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Celanese Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Acordis Cellulostic Fibers
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sapp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mitsubishi Chemical Holdings Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Rayonier Advanced Materials
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sichuan Push Acetati.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Cellulose Ester Market was valued at US$ 6.8 Billion in 2024 and is projected to grow at a CAGR of 7.00% to reach US$ 12.5 Billion by 2034.

Cellulose Ester Market is segmented based on Type, Application and Region.

Factors driving the Industrial Cellulose Ester Market include the growing demand for sustainable products in industries like coatings, films, and textiles, as well as their eco-friendly and versatile nature.

Recruitment Marketing in the Industrial Cellulose Ester Market encounters challenges such as a specialized skill set requirement and limited awareness among potential candidates about opportunities in the cellulose ester industry.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Key players operating in the global cellulose ester market includes Eastman Chemical Company, Solvay, China National Tobacco Corporation, Daicel Corporation, Celanese Corporation, Acordis Cellulostic Fibers, Sappi , Mitsubishi Chemical Holdings Corporation, Rayonier Advanced Materials and Sichuan Push Acetati.