The global Cellulose
Acetate Butyrate Market is anticipated to reach USD 997.8 million by 2025,
driven by the growing consumer demand for paints & coatings, lacquers, and
printing inks. Increasing construction activities and growing automobile
production are expected to bolster the growth of the market further.
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 532 million by 2025.
Increasing
infrastructure spending coupled with increasing automobile production in Asia
Pacific is projected to drive the demand for paints & coatings, which in
turn is expected to influence the demand for CAB positively. The market is
anticipated to grow at a volume CAGR of 3.8% over the next eight years.
Printing inks are
expected to be another lucrative segment for the CAB market, with the
introduction and implementation of mandatory labelling regulations by various
regulatory authorities including FDA. Reducing the weight of a packaging
coupled with stringent regulations to print all the information regarding the
packed product is expected to augment the demand for printing inks that are not
affected by external environment conditions. The segment is expected to grow at
a volume CAGR of 3.2% over the projected period.
Browse Details of Report @ https://www.hexaresearch.com/research-report/cellulose-acetate-butyrate-cab-market
Some of the key
players in the market with a global presence include Eastman, Mitsubishi Rayon
and Diacel and Celanese. Other vendors in the market include Xiamen Hisunny Chemical
Co., Ltd., Chemos GmbH & Co. KG, Haihang Industry Corporation, and
Simagchem Corporation. With the relative growth in demand from the end-use
markets such as paints and coatings, lacquers, and printing inks, the market is
expected to witness an upward move over the forecast period.
Technology
advancement along with expansion in capacity and development in R&D
facility is expected to be a key trend in the CAB market over the coming years.
Companies are focusing on developing the product with properties such as
increased hardness, durability, low moisture absorption and high impact
strength. Product innovation is anticipated to result in increasing the
application scope of the product, thereby, propelling its growth over the next
few years.
Hexa Research has
segmented the global cellulose acetate butyrate (CAB) market on the basis of
application and region:
Segmentation by
application, 2014 – 2025 (Tons) (USD Million)
• Printing inks
• Paints &
Coatings
• Lacquers
• Others
Segmentation by
region, 2014 – 2025 (Tons) (USD Million)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• Japan
• Central and South
America
• Middle East and
Africa
Key players
analyzed:
• Eastman Chemical
• Mistubishi Rayon
• Diacel
• Celanese
• Xiamen Hisunny
Chemical Co., Ltd
• Chemos GmbH &
Co.KG
• Haihang Industry
Corporation
• Simagchem
Corporation
• Rotuba Extruders,
Inc.
• Nantong Acetate
Fiber Co., Ltd.
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