Cellulose Esters and Ethers Market Thrives, Projected to Reach $8.24 Billion by 2027

The Business Research Company’s Cellulose Esters And Ethers Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 23, 2023 /EINPresswire.com/ -- The global cellulose esters and ethers market has experienced significant growth, escalating from $5.68 billion in 2022 to $6.12 billion in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 7.7%. Projections indicate sustained expansion, with the market size expected to reach a substantial $8.24 billion by 2027, maintaining a robust CAGR of 7.7%.

Personal Care Industry Fuels Market Growth
The cellulose esters and ethers market are propelled by the burgeoning personal care industry. These compounds find extensive use in personal care products such as body lotions, shampoos, face creams, and cold creams due to their exceptional binding, thickening, stabilizing, and moisturizing properties. The robust growth of the beauty and personal care market in India, reaching an estimated $25.9 billion in 2020 and projected to hit $32.7 billion by 2023, exemplifies the significant role of cellulose esters and ethers in this industry. The thriving personal care sector continues to drive the growth of the cellulose esters and ethers market.

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Key Players Shaping the Market Landscape
Major players influencing the cellulose esters and ethers market include Borregaard, Rayonier Advanced Materials, Celanese Corporation, Eastman Chemical Company, Nouryon, Ashland, Daicel Corporation, Dow, Sappi, Lamberti S.p.A, Asha Cellulose Pvt Ltd., Sichuan Push Acetate, Acordis Cellulostic Fibers, J.M. Huber Corporation, and Georgia-Pacific.

Innovative Products Drive Market Dynamics
The development of innovative products is a defining factor in shaping the cellulose esters and ethers market. Technological advancements and the increasing trend of cellulose esters and ethers technology contribute to market demand. A notable example is the introduction of CHIRALPAK^® IK in 2021 by Daicel Chiral Technologies, a US-based pharmaceutical company. This novel immobilized selector, utilizing cellulose instead of amylose as the polymer, promises to add novel separations of molecules, expanding Daicel's line of immobilized columns and showcasing the market's commitment to innovation.

Regional Dynamics and Market Segmentation
North America emerged as the largest region in the cellulose esters and ethers market in 2022, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The comprehensive market analysis report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The global cellulose esters and ethers market is segmented -
1) By Product: Cellulose Acetate, Cellulose Nitrate, Carboxymethyl Cellulose, Methyl Cellulose, Ethyl Cellulose, Hydroxyethyl Cellulose, Hydroxypropyl Cellulose
2) By Process: Kraft Process, Sulphite Process
3) By End User Industry: Food And Beverages, Oil And Gas, Paper And Board, Paints And Adhesive, Detergents, Other End Users

Access the complete report for an in-depth analysis and strategic insights into the cellulose esters and ethers market:
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Cellulose Esters and Ethers Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Cellulose Esters and Ethers Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on cellulose esters and ethers market size, cellulose esters and ethers market drivers and trends, cellulose esters and ethers market major players, competitors' revenues, market positioning, and market growth across geographies. The cellulose esters and ethers market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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