Cellulose Acetate Butyrate Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
The Global Cellulose Acetate Butyrate (CAB) Market Size accounted for USD 694.3 Million in 2021 and is projected to occupy a market size of USD 1,010.3 Million by 2030 growing at a CAGR of 4.3% from 2022 to 2030.
Cellulose acetate butyrate (CAB) is an amorphous, transparent thermoplastic material that has applications ranging from automobile trim to tool handles, pens, and blister packaging. CAB can be melted and remodeled without changing its molecular structure. Rising construction activities and increasing automobile production are expected to foster the growth of the market further. Additionally, paints & coatings made with cellulose acetate butyrate are used in various applications including automotive plastics, leather, plastic, wood, aviation, medical & healthcare, and architecture. Growing infrastructure expenditure coupled with rising automobile production in Asia-Pacific is projected to drive the demand for paints & coatings, which in turn is expected to influence the demand for cellulose acetate butyrate.
-Market-2.jpg "Cellulose Acetate Butyrate (CAB) Market Report Statistics")
Cellulose Acetate Butyrate (CAB) Market Report Statistics
- Global cellulose acetate butyrate (CAB) market revenue is projected to reach USD 1,010.3 million by 2030 with a CAGR of 4.3% from 2022 to 2030
- Asia-Pacific cellulose acetate butyrate (CAB) market share generated over US$ 333.3 million revenue in 2021
- North America cellulose acetate butyrate (CAB) market growth will record noteworthy CAGR from 2022 to 2030
- Based on growing application, paints & coatings sub-segment gathered 55% shares in 2021
- Growing chemical industry is a popular cellulose acetate butyrate (CAB) market trend that fuels the industry demand
-Market-1.jpg "Cellulose Acetate Butyrate (CAB) Market Dynamics")
Global Cellulose Acetate Butyrate (CAB) Market Dynamics
Market Drivers
- Growing demand for paints & coatings
- Rising consumption of cigarette
- Rapidly growing construction activities in emerging nations
- Surging demand for infrastructure and transportation facilities
Market Restraints
- High cost than its alternatives
- High reactivity when mixed with solvent
Market Opportunities
- Growth in spending on renovation and reconstruction or roads and buildings
- Technological advancements and growth in R&D
Cellulose Acetate Butyrate (CAB) Market Report Coverage
| Market | Cellulose Acetate Butyrate (CAB) Market |
| Cellulose Acetate Butyrate (CAB) Market Size 2021 | USD 694.3 Million |
| Cellulose Acetate Butyrate (CAB) Market Forecast 2030 | USD 1,010.3 Million |
| Cellulose Acetate Butyrate (CAB) Market CAGR During 2022 - 2030 | 4.3% |
| Cellulose Acetate Butyrate (CAB) Market Analysis Period | 2018 - 2030 |
| Cellulose Acetate Butyrate (CAB) Market Base Year | 2021 |
| Cellulose Acetate Butyrate (CAB) Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Growing Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | 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. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Cellulose Acetate Butyrate (CAB) Market Growth Factors
Expanding utilization of cigarettes in low to middle-income countries, for example, China and India, the presentation of longer cigarette filters, and inclination towards low-tar cigarettes are driving the interest for cellulose acetate butyrate. The absence of stringent government guidelines with respect to cigarette utilization and interest in the lesser discharge of nicotine in the smoke is additionally quickening the interest for cellulose acetate butyrate in rising economies.
Cellulose Acetate Butyrate (CAB) Market Segmentation
The global cellulose acetate butyrate (CAB) market is segmented based on growing application, and geography.
Cellulose Acetate Butyrate (CAB) Market By Growing Application
- Paints & Coatings
- Lacquers
- Printing Inks
- Others
-Market-3.jpg "Cellulose Acetate Butyrate (CAB) Market Growth Factors")
Cellulose acetate butyrate includes growing applications such as paints & coatings, lacquers, printing inks, and others. According to the cellulose acetate butyrate (CAB) industry analysis, the paints & coatings sub-segment accounted for a significant market share in 2021 and is estimated to do so in the coming years. Printing inks are projected to be another profitable segment for the cellulose acetate butyrate market, with the development of mandatory labeling regulations by various regulatory authorities including the FDA. Decreasing the weight of packaging coupled with stringent regulations to print all the information regarding the packed product is anticipated to increase the demand for printing inks that are not affected by external environment conditions.
Cellulose Acetate Butyrate (CAB) Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
-Market-4.jpg "Cellulose Acetate Butyrate (CAB) Market Size")
Cellulose Acetate Butyrate (CAB) Market Regional Analysis
Currently, Asia-Pacific is the largest market for cellulose acetate butyrate and is expected to maintain its dominance throughout the forecast period. Rapid growth in this region mainly driven by the growing production of filter tow. China is the biggest market for infilter utilization and new cellulose acetate butyrate distribution channel tow generation offices and expanding limits are relied upon to be built in China in the coming years. What's more, there is additionally a move of material creation offices from western nations towards China that supports the development of the residential market. Also, Europe and the U.S. market are growing exponentially due to consciousness of the well-being risks of smoking and stringent government guidelines. Interest in cellulose acetic acid derivation butyrate is ascending in Eastern and Central Europe, India, China, and Latin America as cigarette utilization is developing in these districts.
Cellulose Acetate Butyrate (CAB) Market Players
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.
Frequently Asked Questions
What is the size of global cellulose acetate butyrate (CAB) market in 2021?
The market size of cellulose acetate butyrate (CAB) market in 2021 was accounted to be USD 694.3 Million.
What is the CAGR of global cellulose acetate butyrate (CAB) market during forecast period of 2022 to 2030?
The projected CAGR of cellulose acetate butyrate (CAB) market during the analysis period of 2022 to 2030 is 4.3%.
Which are the key players operating in the market?
The prominent players of the global cellulose acetate butyrate (CAB) 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.
Which region held the dominating position in the global cellulose acetate butyrate (CAB) market?
North America held the dominating cellulose acetate butyrate (CAB) during the analysis period of 2022 to 2030.
Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?
Asia-Pacific region exhibited fastest growing CAGR for cellulose acetate butyrate (CAB) during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global cellulose acetate butyrate (CAB) market?
Growing demand for paints & coatings, rising consumption of cigarette, and rapidly growing construction activities in emerging nations drives the growth of global cellulose acetate butyrate (CAB) market.
Which Growing Application held the maximum share in 2021?
Based on growing application, paints & coatings segment is expected to hold the maximum share of the cellulose acetate butyrate (CAB) market.
Select Licence Type
Connect with our sales team
Why Acumen Research And Consulting
100%
Customer Satisfaction
24x7
Availability - we are always there when you need us
200+
Fortune 50 Companies trust Acumen Research and Consulting
80%
of our reports are exclusive and first in the industry
100%
more data and analysis
1000+
reports published till date
