March 11, 2019: The global cellulose acetate butyrate market size is projected at USD 940 million by 2025, according to Adroit Market Research. The company launched a research study titled, “Global Cellulose Acetate Butyrate (CAB) Market Size 2017, By Application (Paints & Coatings, Lacquers, Printing Inks, Others), By Region and Forecast 2018 to 2025”. The study covers the global cellulose acetate butyrate market size, in terms of value and volume, for a timeline from 2015-2025. The report encompasses the global cellulose acetate butyrate market share and trends for the stipulated time period.
The global cellulose acetate butyrate market sales have been growing due to its unique properties such as high impact strength, low moisture absorption, and high UV radiation resistance among others. Increasing usage of cellulose acetate butyrate in the manufacture of paints, coatings and inks is expected to augment the global CAB market size. Cellulose acetate butyrate is an amorphous and thermoplastic material similar to cellulose acetate but is priced higher and exhibits more weathering resistance and low moisture absorption. The application of CAB is varied ranging from panels for illuminated signs, goggles, and decorative trim for cars, tool handles, steering wheels, blister packaging, pneumatic traps and laminating with aluminum foils among others. Steady growth of the global paints & coatings industry coupled with widespread use across numerous sectors is expected to surge the global cellulose acetate butyrate market demand in the near future.
Paints & coatings was the largest application segment of cellulose acetate butyrate in 2017. Technological advancements due to increasing research & development on cellulose acetate butyrate is expected to fuel the growth of the global market. Moreover, the rising demand for paints & coatings is expected to boost market growth. Paints & coatings are anticipated to account for 55.2% of the global cellulose acetate butyrate market share, in terms of volume, by 2025.
The global cellulose acetate butyrate market is dominated by Asia Pacific and a similar trend is projected to be witnessed in the forecast period. China is the dominating region in Asia Pacific owing to the presence of a robust paint & coating manufacturing industry with an approximate market size of USD 137.00 billion. The rising sales of paints & coatings in the region is expected to fuel the growth of the cellulose acetate butyrate market in the forecast period.
Eastman Chemical Company, Daicel Corporation, Mitsubishi Chemical Corporation, Haihang Industry Co., Ltd., SIMAGCHEM, Celanese Corporation, Rotuba, Xiamen Hisunny Chemical Co. Ltd., and Chemos among others are the leading players present within the global cellulose acetate butyrate market.
Key segments of the global cellulose acetate butyrate (CAB) market
Application Overview, 2015-2025 (USD Million)
- Printing Inks
- Paints & Coatings
Regional Overview, 2015-2025 (USD Million)
- North America
- Asia Pacific
- Central and South America
- Middle East & Africa