Research Study on Global Cellulose Acetate Butyrate Market Size, Growth and Forecast to 2024

Cellulose Acetate Butyrate Market is Expected to Grow by 2025 due to Growing Consumer Demand for Paints & Coatings

27 September 2018, The global Cellulose Acetate Butyrate Market is anticipated to reach USD 997.8 million by 2025, driven by the growing consumer demand for paints & coatings, lacquers, and printing inks. Increasing construction activities and growing automobile production are expected to bolster the growth of the market further.

 

Paints & coatings made with cellulose acetate butyrate are used in various applications including automotive plastics, leather, plastic, wood, aviation, medical & healthcare, and architecture. The global CAB market for paints & coatings market is expected to reach USD 532 million by 2025.

 

Increasing infrastructure spending coupled with increasing automobile production in Asia Pacific is projected to drive the demand for paints & coatings, which in turn is expected to influence the demand for CAB positively. The market is anticipated to grow at a volume CAGR of 3.8% over the next eight years.

 

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Printing inks are expected to be another lucrative segment for the CAB market, with the introduction and implementation of mandatory labelling regulations by various regulatory authorities including FDA. Reducing the weight of a packaging coupled with stringent regulations to print all the information regarding the packed product is expected to augment the demand for printing inks that are not affected by external environment conditions. The segment is expected to grow at a volume CAGR of 3.2% over the projected period.