According to a new report published by Acumen Research and Consulting titled “Cellulose Acetate Butyrate (CAB) Market (By Growing Application: Paints & Coatings, Lacquers, Printing Inks, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”, the global market for cellulose acetate butyrate is estimated to grow at a significant rate and reach the market value of over $6 billion by 2026. Among the major factors responsible for this astounding growth are 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.
Asia-Pacific is expected to lead the cellulose acetate butyrate market throughout the forecast period on account of rising awareness towards the importance of alternative methods of farming to meet the demand of rapidly growing population.
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Cellulose acetate butyrate uses less water and is highly efficient compared to traditional farming practices
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 labelling 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.
The different cellulose acetate butyrate applicationincludes, lacquers, printing inks, others. Among these, Printing inks are projected to be another profitable segment for cellulose acetate butyrate market, with the development of mandatory labelling regulations by various regulatory authorities including FDA.
Printing inks is the most preferred growing application in cellulose acetate butyrate. This segment accounted for more than half of the total market revenue in 2014 and the dominance of this segment is expected to continue over the forecast period. Paints & coatingsuses subsequently made with cellulose acetate butyrate are used in various applications including automotive plastics, leather, plastic, wood, aviation, medical & healthcare, and architecture.
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The demand for cellulose acetate butyrate has been high due to its use as an stabilizer in coating preparations as it offers exceptional coating properties such as hardness, clarity, solvent resistance, and providing a glossy look. Because of these properties, CAB (cellulose acetate butyrate) has been in high demand by the manufacturers of flexographic inks in paints industry, industrial and automotive coatings, wood and metal coatings.
Technology innovation along with expansion in capacity and development in Research and development facility is anticipated to be a key trend in the cellulose acetate butyrate market during the forecast period.Most of the companies are focusing on developing the product with properties such as increased durability, low moisture absorption, hardness, and high impact strength. In addition, product develoment is expected to result in growing the application scope of the product, thereby, propelling its growth over the next few years.
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.
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