The global cellulose acetate butyrate market is expected to grow at a CAGR of 3.8% over the time frame 2018 to 2026 and to reach over $532 Million by 2026.
Growing consumer demand for paints & coatings, lacquers, and printing inks. Rising construction activities and increasing automobile production are expected to foster the growth of the market further. Additionally, paints & coatings made with cellulose acetate butyrate are used in various applications including automotive plastics, leather, plastic, wood, aviation, medical & healthcare, and architecture. The global CAB market for paints & coatings market is expected to reach USD 998 million by 2026.Growing infrastructure expenditure coupled with rising automobile production in Asia Pacific is projected to drive the demand for paints & coatings, which in turn is expected to influence the demand for cellulose acetate butyrate. The market is expected to grow at a CAGR of 3.8% over during the forecast period. Cellulose Acetate Butyrate is a transparent, amorphous thermoplastics material with uses from pen and blister packaging, automobiles to tool handles among others. Moreover, the melted and remodeled into new shapes without altering its molecular structure.
The market research study on “Cellulose Acetate Butyrate (CAB) Market (By Growing Application: Paints & Coatings, Lacquers, Printing Inks, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global cellulose acetate butyrate market. The report also analyzes the key players operating in cellulose acetate butyrate market and identifies the key strategies deployed by them along with the market share of leading players. The global cellulose acetate butyrate market is segmented as below:
Cellulose Acetate Butyrate Market by Growing Application
Cellulose Acetate Butyrate Market by Geography
Expanding utilization of cigarette in low to middle income countries, for example, China and India, presentation of longer cigarette filters, inclination towards low tar cigarettes is driving the interest for cellulose acetate butyrate. Absence of stringent government guidelines with respect to cigarette utilization and interest for lesser discharge of nicotine in the smoke is additionally quickening the interest for cellulose acetate butyrate in rising economies.
Cellulose acetate butyrate includes growing application such as paints & coatings, lacquers, printing inks, others. Printing inks are projected to be another profitable segment for cellulose acetate butyrate market, with the development of mandatory labeling regulations by various regulatory authorities including FDA. Decreasing the weight of a packaging coupled with stringent regulation to print all the information regarding the packed product is anticipated to increase the demand for printing inks which are not affected by external environment conditions.
Currently, Asia-Pacific is the largest market for cellulose acetate butyrate and is expected to maintain its dominance throughout the forecast period. Rapid regions for cellulose acetate butyrate, mainly driven by filter tow market. China is the biggest market infilter utilization and new cellulose acetate butyrate distribution channel tow generation offices and expanding limit are relied upon to be built in China in the coming years. What's more, there is additionally a move of material creation offices from western nations towards China that supports the development of residential market. Also, Europe and the U.S due to developing consciousness of wellbeing risks of smoking and stringent government guidelines. Interest for cellulose acetic acid derivation butyrate is ascending in Eastern and Central Europe, India, China and Latin America as cigarette utilization is developing in these districts.
Some of the leading companies operating in the global cellulose acetate butyrate market include Daicel Corporation, Hangzhou Dayangchem Co., Celanese Corporation, RhodiaAcetow GmbH, Mitsubishi Rayon Co. Ltd, Celanese Acetate, SK Chemicals Co. Ltd, Simagchem Corporation, Eastman Chemical Company, Primester, and Haihang Industry Co. Ltd among others.