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Cellulose Esters Market (Cellulose Acetate, Cellulose Acetate Butyrate, Cellulose Acetate Propionate, Cellulose Nitrate) Market - Global Forecast to 2023

10-08-2018 01:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

Cellulose Esters Market Forecast Analysis

Cellulose Esters Market Forecast Analysis

The cellulose esters market is projected to grow from 9.27 billion in 2018 to USD 12.43 billion by 2023,at a CAGR of 6.0% from 2018 to 2023. The growing use of cellulose esters in various applications, increasing demand for cellulose esters from the Asia Pacific region, and ongoing technological advancements in various applications are leading to the growth of the cellulose esters market across the globe.

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Moreover, the increasing demand for cellulose esters from major markets such as India and China is also fueling the growth of the cellulose esters market. However, the rising awareness among masses regarding the health risks posed by smoking is expected to hamper the growth of the cellulose esters market across the globe.

The main objective of this study is to define, describe, and forecast the cellulose esters market based on type, application, and region. The report includes detailed information about the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the cellulose esters market.

This cellulose esters market with respect to the individual growth trends, future growth prospects, and their contribution to the overall market. Based on type, the cellulose esters market has been classified into cellulose acetate, cellulose acetate butyrate, cellulose acetate propionate, cellulose nitrate, and others. Based on application, the market has been classified into coatings, cigarette filters, plasticizers, films & tapes, inks, and others.

The cellulose esters market has been studied in Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The size of the cellulose esters market has been estimated, in terms of both, value and volume.

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The breakdown of primary interviews has been given below:
1. By Company Type: Tier 1 –43%, Tier 2 – 36%, and Tier 3–21%
2. By Designation: C Level –21%, Director Level –29%, and Others – 50%
3. By Region: North America – 31%, Europe –25%, Asia Pacific–17%, and South America –17%, and the Middle East & Africa- 10%

Key Target Audience:
• Manufacturers of Cellulose Esters
• Raw Material Suppliers
• Providers of Technologies for Manufacturing Cellulose Esters
• Traders, Distributors, and Suppliers of Cellulose Esters
• End-use Industries
• Government and Regional Agencies and Research Organizations
• Investment Research Firms

Cellulose esters are mainly used for filter tow in cigarettes. China has the largest tobacco industry with around 40% of the global tobacco production and the presence of the world’s one-third smokers. Many cigarette manufacturers in other regions such as North America and Europe are shifting their manufacturing facilities to APAC due to the adequate availability of raw materials, cheap labor, and lenient environmental regulations. The growing population and strong economic conditions are supporting the growth of the cellulose esters market in the region.

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The report is expected to help the market leaders/new entrants in the cellulose esters market in the following ways:

This report segments the cellulose esters market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different verticals and regions.

It is expected to help the stakeholders understand the pulse of the market, and provide them with detailed information on the key drivers, restraints, challenges, and opportunities for the cellulose esters market.

It is expected to help the stakeholders understand their competitors and gain insights to improve their position in the cellulose esters market.

The competitive landscape section contains information on various developments such as new product launches, mergers& acquisitions, agreements, and expansions undertaken by these leading players in the market.

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