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Cellulose Esters Market Share

Report ID: GMI8211
Published Date: Feb 2024
Report Format: PDF

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Cellulose Esters Market Share

Cellulose Esters Market Company Share, (2023)

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Major players operating in the cellulose esters industry include:

Acordis Cellulosic Fibers
AkzoNobel
Ashland
Borregaard
Celanese
China National Tobacco Corporation
Daicel
Eastman Chemical
J.M. Huber
Mitsubishi Chemical Holdings
Rayonier Advanced Materials
Rhodia Acetow International
Sappi
Sichuan Push Acetati
Solvay

In the competitive landscape of the cellulose esters market, several key players hold significant market share. Eastman Chemical, a leading global specialty chemical company, stands out with its comprehensive portfolio of cellulose ester products catering to various industries such as coatings, films, textiles, and personal care. Solvay, another major player, leverages its expertise in specialty chemicals to offer high-performance cellulose ester solutions, contributing to its substantial market presence. China National Tobacco Corporation commands a notable share, particularly in the cigarette fillers segment, owing to its extensive distribution network and focus on meeting regulatory requirements for reduced-risk tobacco products. Daicel, a prominent Japanese chemical company, holds a significant share through its diverse cellulose ester product offerings and strong presence in key markets. Celanese, a global leader in specialty materials and chemicals, solidifies its market position with its innovative cellulose ester solutions tailored to meet the evolving needs of various end-use industries, further enhancing its competitive edge in the market. Overall, these market players play pivotal roles in driving the industry expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for cellulose esters was USD 13 billion in 2023 and is set to expand at over 5.7% CAGR between 2024 and 2032 driven by the growing demand for eco-friendly and sustainable materials across various industries.

Cellulose esters market from the coatings application segment accounted for 34% revenue share in 2023 and is anticipated to grow at a notable CAGR through 2032 owing to increasing use in coatings, film and tapes, textiles, and cigarette fillers industries due to their unique properties and versatile applications.

North America industry size for cellulose esters generated USD 4.23 billion in 2023 and is estimated to record substantial growth through 2032 attributed to the presence of mature industrial infrastructure and advanced manufacturing capabilities in the region.

Some of the top firms engaged in the cellulose esters industry are Acordis Cellulosic Fibers, AkzoNobel, Ashland, Borregaard, Celanese, China National Tobacco Corporation, Daicel, Eastman Chemical, J.M. Huber, Mitsubishi Chemical Holdings, Rayonier Advanced Materials, Rhodia Acetow International, Sappi, Sichuan Push Acetati, and Solvay.