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有機化合物

市場調查報告書

商品編碼

1622962

纖維素酯市場（按產品類型、應用和地區劃分）2024 年至 2031 年

Cellulose Esters Market By Product Type (Cellulose Acetate, Cellulose Acetate Propionate, Cellulose Acetate Butyrate, Cellulose Nitrate), Application (Coatings, Films & Tapes, Cigarette Filters, Inks, Plasticizers), & Region for 2024-2031

出版日期: 2024年09月24日 | 出版商:

Verified Market Research | 英文 202 Pages | 商品交期: 2-3個工作天內

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簡介目錄

纖維素酯市場評估，2024-2031

食品和飲料、攝影膠片、香菸過濾嘴以及紡織服裝業等各領域對纖維素酯的需求不斷增加，尤其是亞太地區的新興經濟體，是市場的主要推動力。據 Verified Market Research 分析師稱，纖維素酯市場規模預計在 2024 年達到 122.3 億美元，預計到 2031 年將達到 183.7 億美元的估值。

對環保和可生物降解產品的需求不斷增長也是推動纖維素酯市場發展的主要因素。纖維素酯來自可再生資源，比合成聚合物提供了更永續的選擇。這將促使市場從 2024 年到 2031 年的複合年增長率達到 5.76%。

纖維素酯市場定義/概述

纖維素酯是一種由天然多醣纖維素酯化而成的化合物。纖維素酯通常由纖維素與有機酸、酸酐或醯氯反應形成。纖維素酯用途廣泛，可透過改質獲得所需的物理、化學和功能特性，因而可成為各領域中有用的材料。

哪些因素推動了纖維素酯市場的成長？

塗料和油漆中纖維素酯的使用量增加是市場發展的主要驅動力。根據世界油漆和塗料工業協會 (WPCIA) 的數據，預計 2020 年至 2027 年全球油漆和塗料市場的複合年增長率為 4.3%，2027 年將達到 2,320 億美元。這種擴張對纖維素酯的需求產生了直接影響，纖維素酯在這些產品中充當黏合劑和成膜劑。

此外，纖維素酯通常用於製藥應用，特別是在控制藥物傳輸系統中。根據 IQVIA 人類數據科學研究所的數據，到 2023 年全球醫藥市場規模預計將達到 1.5 兆美元，複合年增長率為 3-6%。這種增長推動了藥物配方和塗料對纖維素酯的需求。

阻礙市場成長的主要課題是什麼？

環保意識的增強和許多行業對化學品使用的更嚴格的監管法律給纖維素酯製造商帶來了問題。一些生產方法涉及危險化學品，引發對環境影響和工人安全的擔憂。遵守日益嚴格的環境標準和廢棄物管理法規會增加營運成本，並需要在清潔技術上投入大量資金，這可能會阻礙一些公司的市場擴張。

此外，纖維素酯在各個應用領域面臨來自替代材料日益激烈的競爭。例如，在油漆領域，水性塗料和粉末塗料由於對環境的影響較小而越來越受歡迎。在製藥領域，合成聚合物可以更精確地控制藥物釋放曲線。天然和合成替代品的競爭限制了纖維素酯在某些細分市場的成長潛力。

The growing demand for cellulose esters from various sectors such as food and beverage, photographic films, cigarette filters, and the textile and apparel industry, particularly in Asia Pacific's emerging economies, is the primary driver of the market. According to the analyst from Verified Market Research, the cellulose esters market is estimated to reach a valuation of USD 18.37 Billion by 2031 over the forecast subjugating around USD 12.23 Billion valued in 2024.

The rising demand for environmentally friendly and biodegradable products is another major factor propelling the cellulose esters market. Derived from renewable resources, cellulose esters provide a more sustainable option than synthetic polymers. It enables the market to grow at a CAGR of 5.76% from 2024 to 2031.

Cellulose Esters Market: Definition/ Overview

Cellulose esters are a class of chemical compounds formed by the esterification of cellulose, a naturally occurring polysaccharide. They are often formed by reacting cellulose with organic acids, anhydrides, or acid chlorides. Cellulose esters are versatile because they may be changed to obtain desired physical, chemical, and functional properties, making them useful materials in a variety of sectors.

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What Factors Drive Growth of the Cellulose Esters Market?

The increased usage of cellulose esters in coatings and paints is a significant market driver. According to the World Paint & Coatings Industry Association (WPCIA), the global paints and coatings market is expected to reach USD 232 Billion by 2027, expanding at a CAGR of 4.3% between 2020 and 2027. This expansion has a direct impact on the demand for cellulose esters, which serve as binders and film-formers in these products.

Furthermore, cellulose esters are commonly employed in pharmaceutical applications, especially controlled drug delivery systems. According to the IQVIA Institute for Human Data Science, the worldwide pharmaceutical market is predicted to approach USD 1.5 Trillion by 2023, with a 3-6% compound annual growth rate. This increase is increasing the need for cellulose esters in medication formulations and coatings.

What are the Primary Challenges that Hinder the Growth of the Market?

The growing environmental consciousness and stricter laws governing the use of chemicals in numerous industries present problems for cellulose ester makers. Some production methods contain hazardous chemicals, which raises issues regarding environmental impact and worker safety. Compliance with rising environmental standards and waste management rules raises operational costs and necessitates large expenditures in cleaner technology, which may hinder market expansion for some businesses.

Furthermore, cellulose esters are under increased competition from alternative materials in a variety of applications. For example, in the coatings sector, water-based and powder coatings are becoming more popular due to their lower environmental effect. In pharmaceuticals, synthetic polymers allow for more exact control over medication release characteristics. The competition from natural and synthetic alternatives limits the growth potential of cellulose esters in certain market segments.

Category-Wise Acumens

How Does Versatility in Applications Influence the Demand for Cellulose Acetate?

According to VMR analysis, the cellulose acetate segment is estimated to hold the largest market share during the forecast period. Cellulose acetate is widely used in many industries, including textiles, films, cigarette filters, and coatings. Its versatility originates from its superior optical characteristics, great strength, and chemical resistance. Because of its extensive applicability, cellulose acetate maintains a leading position in the market, catering to a wide range of industrial and consumer items.

Furthermore, despite global anti-smoking initiatives, the cigarette business is still a major consumer of cellulose acetate, particularly for filters. According to the World Health Organization, there are still more than a billion smokers worldwide. The ongoing demand for cigarette filters, combined with rigorous rules on filter biodegradability, drives the consumption of cellulose acetate.

What are the Factors that Contribute to Growth for the Coatings Industry?

The coating segment is estimated to dominate the cellulose esters market during the forecast period. Cellulose esters have good film-forming capabilities, endurance, and chemical resistance, making them suitable for coatings in a variety of sectors. Their adaptability makes them suitable for use in automotive, furniture, construction, and industrial applications. This diverse range of end-uses ensures steady demand and contributes significantly to the segment's market leadership.

The global construction and automobile industries are steadily expanding, particularly in developing economies. Cellulose ester-based coatings are widely employed in various industries due to their protective and cosmetic qualities. The growth of these industries is directly proportional to the rising demand for high-quality coatings, which boosts the segment's market share.

Furthermore, stringent environmental restrictions are driving companies to adopt low-VOC (Volatile Organic Compound) and eco-friendly coating solutions. Cellulose esters are ideal for creating low-VOC coatings that meet regulatory criteria while yet providing great performance. This conformance to environmental regulations boosts the coatings segment's position in the cellulose esters market.

Country/Region-wise Acumens

How Does the Advanced Food Retail Industry Support the Growth in North America?

According to VMR analyst, North America is estimated to exhibit the highest growth within the cellulose esters market during the forecast period. The construction and automotive industries are important users of cellulose esters, particularly in coatings and paints. According to the US Census Bureau, total construction investment in the United States reached $1.57 trillion in 2021, up 8.2% from 2020. Also, the US Bureau of Economic Analysis reported that the automobile industry generated 3.5% of the US GDP in 2020, with a total output of $732.3 billion. This rise in both industries is increasing demand for cellulose esters in a variety of applications.

Furthermore, the region has a sizable and expanding pharmaceutical industry that extensively employs cellulose esters in medicine formulations and controlled release systems. According to the Pharmaceutical Research and Manufacturers of America (PhRMA), the US biopharmaceutical industry invested an estimated $91 billion in research and development in 2020. Also, the Centers for Medicare & Medicaid Services estimates that healthcare spending in the United States increased by 9.7% in 2020, reaching $4.1 trillion. The rise of the healthcare and pharmaceutical sectors is driving up demand for cellulose esters in the region.

What are the Key Drivers Influencing Cellulose Esters in the Asia Pacific Region?

The Asia Pacific region is estimated to dominate the market during the forecast period. The Asia Pacific region's coatings and paints business is expanding rapidly, increasing demand for cellulose esters. The Asian Paint Report 2021 by the Asian Paint Industry Council (APIC) predicts that the region's paint and coatings industry will reach $93.5 billion by 2024, rising at a CAGR of 5.2%. China alone accounts for approximately 30% of the worldwide coatings market, which significantly increases demand for cellulose esters in the region.

Furthermore, the pharmaceutical business in the Asia Pacific is quickly expanding, increasing demand for cellulose esters in medicinal formulations. According to the IQVIA Institute for Human Data Science, the Asia Pacific pharmaceutical market is predicted to increase at an 8.4% CAGR from 2021 to 2026, reaching $485 billion in 2026. This growth rate is much higher than the global average, resulting in increased usage of cellulose esters in pharmaceutical applications throughout the region.

Competitive Landscape

The competitive landscape of the cellulose esters market is marked by fierce competition among several industry participants. The market is a mix of established industry leaders and agile, new companies competing for market share.

Some of the prominent players operating in the cellulose esters market include:

Eastman Chemical Company

Solvay

China National Tobacco Corporation

Daicel Corporation

Celanese Corporation

AkzoNobel

Ashland

Borregaard

M. Huber Corporation

Mitsubishi Chemical Holdings Corporation

Rayonier Advanced Materials

Rhodia Acetow International

Sappi Limited

Sichuan Push Acetati Co. Ltd.

Latest Developments

In February 2024, Eastman announced a collaboration with Cargill to create bio-based packaging materials. This could have an impact on the use of cellulose esters in sustainable packaging solutions.

In January 2024, Daicel announced an expansion of its cellulose acetate butyrate (CAB) production capacity in Thailand. This development is intended to fulfill the increased demand for CAB in the automotive and electronics industries.

In November 2023, Solvay announced a collaboration with IKEA to create bio-based alternatives to typical plastics in IKEA products. This collaboration could boost demand for cellulose esters, a potential bio-based alternative.

In October 2023, Celanese announced a collaboration with IKEA to create sustainable furniture made from bio-based materials. This may increase the use of cellulose esters in the furniture business.

1 INTRODUCTION OF GLOBAL CELLULOSE ESTERS MARKET

1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL CELLULOSE ESTERS MARKET OUTLOOK

4.1 Overview
4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL CELLULOSE ESTERS MARKET, BY TYPE

5.1 Overview
5.2 Cellulose Acetate
5.3 Cellulose Acetate Propionate
5.4 Cellulose Acetate Butyrate
5.5 Cellulose Nitrate
5.6 Others

6 GLOBAL CELLULOSE ESTERS MARKET, BY APPLICATION

6.1 Overview
6.2 Coatings
6.3 Films & Tapes
6.4 Cigarette Filters
6.5 Inks
6.6 Plasticizers
6.7 Others

7 GLOBAL CELLULOSE ESTERS MARKET, BY GEOGRAPHY

7.1 Overview
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.2.3 Mexico
7.3 Europe
- 7.3.1 Germany
- 7.3.2 U.K.
- 7.3.3 France
- 7.3.4 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Rest of Asia Pacific
7.5 Rest of the World
- 7.5.1 Latin America
- 7.5.2 Middle East and Africa

8 GLOBAL CELLULOSE ESTERS MARKET COMPETITIVE LANDSCAPE

8.1 Overview
8.2 Company Market Ranking
8.3 Vendor Landscape
8.4 Key Development Strategies

9 COMPANY PROFILES

9.1 Eastman Chemical Company
- 9.1.1 Overview
- 9.1.2 Financial Performance
- 9.1.3 Product Outlook
- 9.1.4 Key Developments
9.2 Solvay
- 9.2.1 Overview
- 9.2.2 Financial Performance
- 9.2.3 Product Outlook
- 9.2.4 Key Developments
9.3 China National Tobacco Corporation
- 9.3.1 Overview
- 9.3.2 Financial Performance
- 9.3.3 Product Outlook
- 9.3.4 Key Developments
9.4 Daicel Corporation
- 9.4.1 Overview
- 9.4.2 Financial Performance
- 9.4.3 Product Outlook
- 9.4.4 Key Developments
9.5 Celanese Corporation
- 9.5.1 Overview
- 9.5.2 Financial Performance
- 9.5.3 Product Outlook
- 9.5.4 Key Developments
9.6 AkzoNobel
- 9.6.1 Overview
- 9.6.2 Financial Performance
- 9.6.3 Product Outlook
- 9.6.4 Key Developments
9.7 Ashland
- 9.7.1 Overview
- 9.7.2 Financial Performance
- 9.7.3 Product Outlook
- 9.7.4 Key Developments
9.8 Borregaard
- 9.8.1 Overview
- 9.8.2 Financial Performance
- 9.8.3 Product Outlook
- 9.8.4 Key Developments
9.9 J.M. Huber Corporation
- 9.9.1 Overview
- 9.9.2 Financial Performance
- 9.9.3 Product Outlook
- 9.9.4 Key Developments
9.10 Mitsubishi Chemical Holdings Corporation
- 9.10.1 Overview
- 9.10.2 Financial Performance
- 9.10.3 Product Outlook
- 9.10.4 Key Developments