CELLULOSE PAINTS MARKET ANALYSIS

Regional Analysis

Market Outlook

The global cellulose paints market is segmented into North America, Europe, Asia Pacific, and Latin America. Asia Pacific has dominated the cellulose paints market over the past few years, and the trend is expected to continue over the forecast period, owing to increasing focus by key players such as BASF SE on expanding their presence to untapped markets in the region. Moreover, presence of emerging economies such as China and India is expected to propel demand for cellulose paints in the region. North America is expected to account for the second largest market share owing to growing demand for low VOC coatings, as well as increasing number of research and development activities in the region to meet the demand for non-toxic and environmentally sustainable products.