Cellulose-Based Plastics Market Business Scenario Analysis By Global Industry Size, Share, Demand, Segments and Opportunity Assessment till 2028
Cellulose-Based Plastics Market Size – USD 48.3
Million in 2020, Market Growth – at a CAGR of 17.5%, Market Trends – Increasing
environmental concerns
Cellulose-based plastics are used to produce cellophane,
thermoplastic products, ophthalmic goods, toys, and sheets, among others.
Increase in implementation of stringent regulations regarding use of
conventional plastics due to environmental concerns and ban on use of various
plastics has created rising demand for cellulose-based plastics that are
produced from renewable raw materials. Cellulose-based plastics are also
biodegradable, which is ano3ther factor driving market revenue growth.
The Global
Cellulose-Based Plastics Market report assesses the historical and current data
along with a thorough analysis of the market dynamics. The report also sheds
light on the significant market growth driving and restraining factors that are
anticipated to influence the market growth through the forecast period.
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Key
Market Dynamics: The global Cellulose-Based Plastics
market research report details on the ongoing market trends, development
outlines, and several research methodologies. It illustrates the key factors
that directly manipulate the market, for instance, production strategies,
development platforms, and product portfolio. According to our researchers,
even minor changes within the product profiles could result in huge disruptions
to the above-mentioned factors. Each of these factors has been elaborately
discussed in the initial segment of the study.
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Some
Key Highlights From the Report
·
Cellulose acetate is a plastic
manufactured from purified natural cellulose. It has high transparency and
aesthetic appeal, high mechanical strength, good resistance to chemicals, and
can be produced in a range of colors. Cellulose acetate dominated other type
segments in terms of revenue share in the global market in 2020 as it is widely
produced and readily available.
·
Cellulose-based plastics are commonly used
in ophthalmic goods. They are premium materials used in the production of
eyeglasses, and are highly durable, resistant to change in temperature,
renewable, hypoallergenic, comfortable for extended period of time, are ideal
for dye absorption, and can also be crafted into various geometric forms.
·
Cellulose-based plastics are an
alternative to traditional plastics that make up most components in electronic
devices, including mobile phones and computers. The material is biodegradable,
renewable, strong, and lightweight. Major demand for sustainable plastics for
manufacture of components used in human–machine interface units, wearable
medicalâ€healthcare systems, personalized mobile equipment, and bionic
intelligent robots is also driving market growth.
·
Europe accounted for largest revenue share
in 2020 due to increasing concerns for the environment, stringent laws banning
the use of single-use plastics, and increasing investment in research &
development to develop advanced and more cost-effective materials and products.
·
Key
players in the market include Celanese Corporation,
Solvay, Daicel Chemical Industries, Mitsubishi Rayon Company Limited, Eastman
Chemical Company, SK Chemicals Co. Ltd., Rayonier Advanced Materials, Sappi,
Merck Millipore, and Haihang Industry.
The findings of the
report explain various aspects of the market, such as market status, developmental
prospects, key regional segments, renowned market players, product offerings,
end-use industries.
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Geographical
Terrain of the Global Cellulose-Based Plastics Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Cellulose-Based Plastics market is segmented based on product types
offered in the market, their applications, end-user industries, different types
of technologies, and key regions of the market.
·
Type Outlook (Revenue, USD
Million; 2018–2028)
o Cellulose
Butyrate
o Cellulose
Acetate
o Cellulose
Propionate
o Others
·
Application Outlook (Revenue, USD
Million; 2018–2028)
o Thermoplastic
o Extruded
Films
o Rods
o Sheets
o Ophthalmic
Goods
o Others
(Toys, Sport Goods)
·
End-use Outlook (Revenue, USD
Million; 2018–2028)
o Food
Packaging
o Automotive
o Electronics
o Building/Construction
o Agriculture
o Sports
& Leisure
o Consumer
Goods
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Key
Questions You Asked:
·
What is the growth rate of the Cellulose-Based
Plastics market? What is the anticipated market valuation of the
Cellulose-Based Plastics industry by 2028?
·
What are the key growth driving and
restraining factors of the Cellulose-Based Plastics market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Cellulose-Based Plastics industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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