The global Cellulose Esters And Ethers Market size is expected to reach USD 7.12 billion by 2025, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 5.0% during the forecast period. Growing wood coatings and oil and gas industries is expected to trigger demand for cellulose esters and ethers. Additionally, rising demand from end-user industries such as printing inks and food and beverages industries is expected to drive growth in Asia Pacific.
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Manufacturers are focusing on flavored tobacco products owing to their increasing popularity worldwide. Flavored tobacco products include e-cigarettes, flavored smokeless tobacco, hookah, and cigarillos. Factors such as strong distribution network and growing popularity of flavored cigarettes are expected to drive the growth of the market.
Food and beverage, cosmetics, pharmaceutical, and oil and gas industries are the major markets for cellulose esters and ethers in Europe. Upsurge in the usage of personal care products countries such as U.K., Germany, France, and Italy is projected to have a positive impact on the market growth over the forecast period.