New York, March 29, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Cellulose Esters and Ethers Global Market Report 2023" - https://www.reportlinker.com/p06316980/?utm_source=GNW
p.A, Asha Cellulose Pvt ltd., Sichuan Push Acetati, Acordis Cellulostic Fibres, J.M. Huber Corporation, and Georgia-Pacific.
The global cellulose esters and ethers market grew from $5.68 billion in 2022 to $6.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The cellulose esters and ethers market is expected to grow to $8.24 billion in 2027 at a CAGR of 7.7%.
The cellulose esters and ethers market consists of sales of carboxymethylcellulose CMC, hydroxyethylcellulose (HEC) and hydroxylpropylcellulose (HPC).Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The cellulose esters and ethers include cellulose ethers which are nothing but water-soluble polymers obtained from cellulose and cellulose esters.These polymers are very abundantly used for thickening paint in the paint industry and used as thickeners in the food and beverages industry.
These polymers have also found application in the pharmaceuticals and cigarette industry recently.
North America was the largest region in the cellulose esters and ethers market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the cellulose esters and ethers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of cellulose esters and ethers are cellulose acetate, cellulose nitrate, carboxymethyl cellulose, methyl cellulose, ethyl cellulose, hydroxyethyl cellulose, hydroxypropyl cellulose.Cellulose acetate, also referred to as synthetic compound is obtained from the acetylation of the plant substance cellulose.
Cellulose acetate is revolved into textile fibers, which is addressed in different names such as acetate rayon, acetate, or triacetate. Cellulose esters and ethers can be processed by various methods such as the kraft process, sulfite process that can be used by food and beverages, oil and gas, paper and board, paints and adhesive, detergents, other industries.
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 growth of the cellulose esters and ethers market.
The development of innovative products are 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.
In 2021, Polyplastics Co., Ltd. headquartered in Tokyo, manufactures and sells various types of polymers and plastics has acquired Daicel-Evonik Ltd. for an undisclosed amount. With this acquisition, Polyplastics Co., Ltd. expands the product portfolio and promotes co-creation with Evonik Industries AG to grow the business and create synergy. Daicel-Evonik Ltd. Headquarters in Germany is involved in the development of Polyamide 12, PEEK, and other high-quality, high-performance polymers including cellulose esters and ethers.
The countries covered in the Cellulose Esters and Ethers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The cellulose esters and ethers market research report is one of a series of new reports that provides cellulose esters and ethers market statistics, including cellulose esters and ethers industry global market size, regional shares, competitors with a cellulose esters and ethers market share, detailed cellulose esters and ethers market segments, market trends and opportunities, and any further data you may need to thrive in the cellulose esters and ethers industry. This cellulose esters and ethers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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