Cellulose esters are used in pharmaceutical sectors owing to their application in solid pharmaceutical dosage for controlled drug delivery
OREGON, PORTLAND, UNITED STATES, September 14, 2022 /EINPresswire.com/ — Rise in demand for cellulose ester in coating industry owing to its pigment wetting characteristic, excellent flow-out properties, compatibility, and rapid dry time is anticipated to increase the its requirement during the forecast period. Moreover, increase in demand for global cellulose ester in food & beverages, cigarette filter, and photographic films is expected to drive the cellulose esters market growth. In addition, rapid usage of cellulose ester in body lotion, shampoos, face, and cold cream is anticipated to escalate segment growth in personal care. However, rise in raw material prices and production cost of cellulose manufacturing are the factors expected to hamper the cellulose ester market growth over the projected timeframe.
The cellulose esters market is segmented by type, application, end user, and region. By type, it is divided into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate and cellulose nitrate. By application, it is differentiated into films and tapes, cigarette filter, enamels, plastic frame, inks, and others. Cellulose esters are widely used in cigarette filters as it helps to reduce the toxicity of tobacco smoke by decreasing the amount of smoke and tar. By end user, the market is divided into automotive, oil &gas, textile, paints &coatings, pharmaceutical, and others.
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The report presents in-depth insights into each of the leading Cellulose esters market end user verticals along with annual forecasts to 2029. The report provides revenue forecast with sales, and sales growth rate of the global Cellulose esters market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Top 10 leading companies in the global Cellulose esters market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and products and services. The key players operating in the global CELLULOSE ESTERS MARKET industry include Eastman Chemical Company, Daicel Corporation, j. Rettenmaier & Sohne GmbH, Sappi Limited, Mitsubishi Chemical Holding Corporation.
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
• The report provides a qualitative and quantitative analysis of the current Cellulose esters market trends, forecasts, and market size from 2022 to 2029 to determine the prevailing opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the Cellulose esters industry.
Highlights of the Report
– Competitive landscape of the Cellulose esters market.
– Revenue generated by each segment of the Cellulose esters market by 2029.
– Factors expected to drive and create new opportunities in the Cellulose esters industry.
– Strategies to gain sustainable growth of the market.
– Region that would create lucrative business opportunities during the forecast period.
– Top impacting factors of the Cellulose esters market.
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