Cellulose Esters and Ethers Market: Key Drivers, Analysis, Trends, Overview, and Forecast to 2033

"The Business Research Company recently released a comprehensive report on the Global Cellulose Esters and Ethers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The cellulose esters and ethers market size has grown strongly in recent years. It will grow from $6.19 billion in 2023 to $6.73 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to increased coating and paint industry, increased pharmaceutical applications, growing demand for food and beverage industry, increasing plastics and polymers sector, and growth of the textile industry.

The cellulose esters and ethers market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to emerging market growth, increasing research and development, growing specialty applications, increasing healthcare infrastructure, and increasing need for water-based formulations. Major trends in the forecast period include sustainable materials production, introduction of innovative solutions, technological advancements, and development of customized products
.

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Market Drivers and Trends:

The growth of the personal care industry is driving the growth of the cellulose esters and ethers market. Cellulose esters and ethers are employed in personal care products like body lotions, shampoos, face creams, and cold creams owing to their excellent binding, thickening, stabilizing, and moisturizing properties. For instance, according to the financial express data 2021, an Indian daily, India's beauty and personal care market is estimated at $ 25.9 billion in 2020 and is projected to reach $ 32.7 billion by 2023. There has never been a better time to run a direct-to-consumer beauty and personal care brand in India. Therefore, the growth of the personal care industry is driving the cellulose esters and ethers market growth.

The development of innovative products is shaping the cellulose esters and ethers market. Advancements in technology and the increasing trend of cellulose esters and ethers technology are also encouraging market demand. For instance, in 2021, CHIRALPAK IK, a new selectivity capability added to the Daicel portfolio, was introduced by Daicel Chiral Technologies. Daicel Chiral Technologies is a US-based pharmaceutical company. This novel immobilized selector builds on the success of CHIRALPAK IG, which is one of the most widely used chiral chromatography phases in laboratories throughout the world. CHIRALPAK IK uses the same chemical derivatization as CHIRALPAK IG, but with cellulose instead of amylose as the polymer. Daicel Chiral Technologies President Joseph M. Barendt, Ph.D., stated, CHIRALPAK IK promises to add novel separations of molecules that may be examined with Daicel's line of Immobilized columns.

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Major Key Players of the Market:

Borregaard Group., Rayonier Advanced materials, Celanese Corporation, Eastman Chemical Company, Nouryon, Ashland Inc., Daicel Corporation, Dow Inc., Sappi Limited, Lamberti S.p.A, Asha Cellulose pvt ltd., Sichuan Push Acetati Co.Ltd., Acordis Cellulostic Fibres, J.M. Huber Corporation, Georgia-Pacific LLC, Akzo Nobel N.V., Rhodia Acetow International GmbH, Shandong Head Group Co Ltd., Lotte Group., Mikem Chemical, ChemPoint inc., CP Kelco U.S. Inc., Sichem LLC, Mitsubishi Chemical Corporation, Solvay SA., China Ruitai International Holdings Co Ltd., Huzhou Zhanwang Pharmaceutical Co Ltd.

Cellulose Esters and Ethers Market 2024 Key Insights:

• The cellulose esters and ethers market size is expected to see strong growth in the next few years. It will grow to $9.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
• Personal Care Industry Expansion Catalyst For Growth In The Cellulose Esters And Ethers Market
• Innovative Products And Technology Advancements Shaping The Cellulose Esters And Ethers Market
• North America was the largest region in the cellulose esters and ethers market in 2023

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