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Global Cellulose Esters & Ethers Market 2021: By Drug Class (Prostacyclin and Prostacyclin Analogs, SGC Stimulators, ERA, PDE-5)The Global Cellulose Esters & Ethers market size was valued at USD $4.36 Billion in 2020, USD $4.53 Billion in 2021, forecasted to reach USD $4.7 Billion in 2022, and is projected to reach USD $6.33 Billion by 2030, and is anticipated to expand at a CAGR of 3.8% over the forecast period from 2020 to 2030. Global Cellulose Esters & Ethers Market is an upcoming report by Trusted Business Insights. The study and analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to ascertain various aspects of the global cellulose esters & ethers market. Apart from revenues for global, regional, and country-wise segments, market revenue segmentation will be anthologized in a fastidious manner for clear understanding and flow. The global cellulose esters & ethers market report will be segmented on the basis of product type, process as well as region and countries.Request Covid - 19 Impact
Overview:Cellulose esters are commonly derived from natural cellulose by reaction with anhydrides, organic acids, acid chlorides, etc. Cellulose ethers are water-soluble polymers that function as thickeners, stabilizers and viscosity modifiers in several industries including personal care products, pharmaceuticals, food, oil field chemicals, paper, construction, textiles, and adhesives.
Dynamics:Due to the increase in demand for bakery products, confectionery, processed foods, convenience foods, dairy products, and alcoholic beverages & juices the F& B industry is expected to register a high CAGR over the next 10 years. A factor that will contribute to the revenue growth of the global cellulose esters & ethers market is the increasing demand for cigarette filters. The increase in consumption of emulsifiers such as hydroxypropyl cellulose and carboxymethyl cellulose has surge demand for this product in recent years. This, coupled with the rise in consumer spending at eat-out locations is expected to contribute to the revenue growth of this market. Cellulose esters and ethers are extensively used in the cosmetic industry as they have outstanding moisturizing, binding, stabilizing and thickening properties. The increase in demand for products of the cellulose esters and ethers market can be attributed to the rise in popularity of personal care products. Robust growth in the construction sector has subsequently led to an increased demand for these products as they are used in building materials such as cement-based plasters, cement-based tile grouts, mortars for the skim coat, and tile adhesives. In terms of product, the cellulose acetate segment is expected to account for the largest revenue share over the coming years due to the high demand from the cigarette filters industry. Other factors that are contributing to the revenue growth of this market are the change in consumer lifestyles and an increase in per-capita incomes. The increasing adoption of acetate ester as a substitute for silk due to its lower cost is another factor that is fueling this markets revenue growth. With regard to process, the market is segmented into Kraft and sulphite methods. The Kraft process is expected to register the highest CAGR over the next 10 years due to its reduced cooking time and efficient waste recovery. Although the yield of Kraft pulping is lower than that of sulphite pulping, it is stronger when compared to sulphite fibers.
Regional Analysis:The Asia Pacific market is projected to register the highest CAGR in terms of revenue over the forecast period. This can be attributed to the increasing demand for cellulose esters and ethers from the pharmaceutical sector, the F&B as well as the cigarette filter industries. The market in North America is also expected to gain significant revenue growth due to the use of this product in several applications such as F&B, cosmetics, construction, and pharmaceuticals. The market in Europe account for considerable revenue growth in 2019 and is expected to continue to do so in the years to come. This can be attributed to a booming cosmetic industry in this region.
Below are the active patents related to Cellulose Esters & Ethers Market.Patent Number: US8349892B2 Solid formulations of prostacyclin analogs Abstract Moderate moisture levels, such as greater than 3% but no greater than 7%, may be beneficial for solid formulations of certain prostacyclin analogs. Accordingly, a solid formulation containing a prostacyclin analog may be packaged inside a pharmaceutical packaging with such amount of a desiccant or a drying agent that after the storage the solid formulation may have a moderate level of moisture in it. Type: Grant Filed: 2010-05-06 Date of Patent: 2013-01-08 Assignee : United Therapeutics Corp
Below are the leading companies profiled in this Cellulose Esters & Ethers Market Report:
Chapter 1 Methodology and Scope