Cellulose Acetate Butyrate Market: Overview
Cellulose acetate butyrate is a thermoplastic ester with high substance of butyryl. It offers different qualities, for example, low thickness, intercoating glue capacity, high straightforwardness and surface shine. Likewise, these go about as obstruction to dampness and bright light. These can likewise be utilized with different gum frameworks, for example, acrylics, polyesters, phenolics, and isocyanates. Moreover, these are not utilized with melamine, urea-formaldehyde and numerous alkyds because of less substance of butyryl then previously mentioned items general. With the expansion of cellulose acetate butyrate into covering plans, they improve properties of coatings, for example, hardness, leveling, protection from dissolvable, clearness and sparkle. These likewise lessens the drying time of the coatings. Because of these properties, these are primarily utilized in covering of metals and wood co, gravure and flexographic printing inks, realistic expressions, ink fly printing inks, nail polish topcoats, car 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.