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.

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

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

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)

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.

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