Cellulose Acetate Butyrate Market: Overview
Cellulose acetate butyrate is a thermoplastic ester with high content of butyryl. It offers various characteristics such as low viscosity, intercoating adhesive ability, high transparency and surface gloss. Also, these act as barrier to moisture and ultraviolet light. These can also be used with various resin systems such as acrylics, polyesters, phenolics, and isocyanates. Furthermore, these are not used with melamine, urea-formaldehyde and many alkyds due to less content of butyryl then above mentioned products general. With the addition of cellulose acetate butyrate into coating formulations, they improve properties of coatings such as hardness, leveling, resistance to solvent, clarity and gloss. These also reduces the drying time of the coatings. Due to these properties, these are mainly used in coating of metals and wood co, gravure and flexographic printing inks, graphic arts, ink jet printing inks, nail lacquer topcoats, automotive clear and base coats.
Cellulose Acetate Butyrate Market: Trends & Demands
With the increase in demand for infrastructure and housing facilities across the globe, there has been increase in demand for paints & coatings across the globe. This increase in demand is due to the changes in lifestyle and rise in standard of living of the people. Additionally, there has been a rise in demand for automotive, mostly two wheelers across developing nation such as China. All these factors are boosting the demand for cellulose acetate butyrate market across the globe.
Cellulose Acetate Butyrate Market: Key Segments
Based on end use, the global cellulose acetate butyrate market can be divided into paints & coatings, printing inks, lacquers and others. The paints & coating segment is expected to expand at a significant pace during the forecast period due to the consistent usage of paints in manufacturing of automotive and aerospace body parts across the globe. Cellulose acetate butyrate are extensively employed on coating tool handles, panels for illuminated signs, steering wheels, goggles, bathroom fittings, decorative trim for cars and consumer durables. Also these are used for drawing stencils, pens, pneumatic system traps, and blister packaging.
Cellulose Acetate Butyrate Market: Regional Outlook
In terms of region, the global cellulose acetate butyrate market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. China & India are anticipated to constitute major share of the global market during the forecast period. With the increase in per capita income of the people, there has been increase in spending power of the people across the globe. China and India being highly populated countries, there has been a rise in demand for housing & infrastructure facilities. This, in turn, is estimated to propel the demand for paints & coatings in Asia Pacific. Middle East & Africa is expected to be a lucrative region of the global cellulose acetate butyrate market during the forecast period, led by the increase in demand for transportation and infrastructural facilities in the region. Also, increase in spending on reconstruction and renovation of roads and buildings across North America is fueling the global market of cellulose acetate butyrate.
Cellulose Acetate Butyrate Market: Key Players
Prominent players operating in the global cellulose acetate butyrate market include Eastman Chemical Company, Mitsubishi Chemical Corporation, Daicel Corporation, Haihang Industry Co., Ltd., Celanese Corporation, SIMAGCHEM, Chemos GmbH&Co.KG, Rotuba, and Xiamen Hisunny Chemical Co. Ltd. These players engage in research & development activities, strategic alliances, and mergers & acquisitions to gain market share.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.