Cellulose Plastics Market – Growth, Trends, Analysis, Size, Share & Forecasts, 2019 to 2027 | Daicel Chemical Industries, Celanese Corporation, Eastman Chemical Company, Solvay, Mitsubishi Rayon Company Limited
Cellulose Plastics |
Cellulose plastics are used in the production of cellophanes, thermoplastics, ophthalmic products, toys and plates, among others. Owing to the increased adoption of severe rules governing the use of traditional plastics due to environmental concerns, as well as the prohibition on the use of certain polymers, demand for cellulose-based plastics made from renewable raw materials is increasing. Another element driving market revenue growth is the biodegradability of cellulose-based polymers.
Traditional plastics, which make up the majority of components in electronic devices like phones and computers, are being replaced by cellulose plastics. Biodegradable, renewable, robust, and light, this material is ideal. Demand for sustainable plastics is also driving market expansion for components used in human–machine interface units, wearable medical–healthcare systems, personalised mobile equipment, and bionic intelligent robots.
On the strength of growing demand for cellulose acetate (esters) from all around the world, the worldwide cellulose plastics market is on the rise. Furthermore, the market is expected to benefit from an increased trend in key global sectors toward the usage of biodegradable and bio-based plastics.
Market Segmentation:
Type Outlook
- Cellulose Butyrate
- Cellulose Acetate
- Cellulose Propionate
- Others
Application Outlook
- Thermoplastic
- Extruded Films
- Rods
- Sheets
- Ophthalmic Goods
- Others (Toys, Sport Goods)
End-use Outlook
- Food Packaging
- Automotive
- Electronics
- Building/Construction
- Agriculture
- Sports & Leisure
- Consumer Goods
The global market for cellulose plastics is consolidated with a large number of domestic and international manufacturers. In order to extend their product range and increase their worldwide market share, international firms are turning to creative growth methods such as mergers and acquisitions (M&A), joint ventures, and partnerships. The supply chain, technical innovation, manufacturing capacity, and cost analysis are all factors that influence competitiveness among large rivals.
The major key players operating in the global cellulose plastics market are Daicel Chemical Industries, Celanese Corporation, Eastman Chemical Company, Solvay, Mitsubishi Rayon Company Limited, and SK Chemicals Co. Ltd. among others.
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