Global Cellulose Acetate Butyrate Market 2017-2021

Overview of the global cellulose acetate butyrate market

Cellulose acetate butyrate is used as lacquer to provide an excellent finish to wood-based products. These lacquers are classified under the acrylic lacquer category. Acrylic lacquers are extensively preferred over nitrocellulose lacquer and catalyzed lacquer. Research analysis on the global cellulose acetate butyrate market identifies that the increased demand for cellulose acetate butyrate from the wood and furniture industry will be one of the major factors that will have a positive impact on the growth of the market. The wood industry highly prefers cellulose acetate butyrate as topcoats and basecoats because it exhibits an excellent resistance to UV rays. It protects the surface from cratering, prevents the yellowing of the substance, and provides a clear-coat. It is also used in white paints, antique whitewash, and normal whitewash as a proper coating material. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 830 million by 2021.

The growing demand for cellulose acetate butyrate in the printing ink application is identified as one of the key trends in the global cellulose acetate butyrate market. Cellulose acetate butyrate is increasingly preferred in the printing ink industry due to its resistance to UV radiations, improvement in the impact strength, and lower moisture absorption rate. The labeling and the mandatory policy introduced by various agencies, including the Food and Drug Administration (FDA) to reduce the weight of packaging materials will further propel the market’s growth.

Competitive landscape and key vendors

The cellulose acetate butyrate market is moderately concentrated and characterized by the presence of few global and regional vendors. These vendors are experiencing growth opportunities due to the rising demand for cellulose acetate butyrate in end-user applications such as paints and coatings, printing inks, and lacquers. The established players are competing against their competitors based on technological advancement and increase in the research and developmental activities.

Key vendors in this market are -

• Eastman Chemical
• Hangzhou Dayangchem
• HAIHANG INDUSTRY
• Rotuba
• Merck

Other prominent vendors in the market include elkamet, Emco Industrial Plastics, Hefei TNJ Chemical Industry, NAGASE, P J CHEMICALS, and Sichuan Nitrocell.

Segmentation by application and analysis of the cellulose acetate butyrate market

• Paints and coatings applications
• Lacquer applications

The adoption of cellulose acetate butyrate is increasing in the paints and coatings segment due to the rising demand from the automobile and construction industries. The cellulose acetate butyrate market will continue to witness growth in this segment due to the increasing demand for paints and coatings in applications such as the textile industry, automobile industry, automotive plastics, leather, medical applications, and aviation industry.

Segmentation by geography and analysis of the cellulose acetate butyrate market

• APAC
• Europe
• North America
• ROW

In terms of the overall consumption of cellulose acetate butyrate and cellulose acetate membrane, countries such as China and India are the major contributors to the growth of the cellulose acetate butyrate market in APAC. The demand for paints and coatings will continue to increase in the region throughout the predicted period due to the increased production of automobiles. Furthermore, the rapid growth of the construction industry and the increased expenditure on infrastructure development, will also propel the market’s growth prospects in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cellulose acetate butyrate market?
• What are the key market trends impacting the growth of the global cellulose acetate butyrate market?
• What are the challenges to market growth?
• Who are the key vendors in the global cellulose acetate butyrate market?
• What are the market opportunities and threats faced by the vendors in the global cellulose acetate butyrate market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global cellulose acetate butyrate market?

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