Cellulose Derivative Market, Global Outlook and Forecast 2023-2028

Report ID: 1570083 | Published Date: Jan 2025 | No. of Page: 72 | Base Year: 2024 | Rating: 4.6 | Webstory: Check our Web story
1 Introduction to Research & Analysis Reports
    1.1 Cellulose Derivative Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Cellulose Derivative Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Cellulose Derivative Overall Market Size
    2.1 Global Cellulose Derivative Market Size: 2021 VS 2028
    2.2 Global Cellulose Derivative Revenue, Prospects & Forecasts: 2017-2028
    2.3 Global Cellulose Derivative Sales: 2017-2028
3 Company Landscape
    3.1 Top Cellulose Derivative Players in Global Market
    3.2 Top Global Cellulose Derivative Companies Ranked by Revenue
    3.3 Global Cellulose Derivative Revenue by Companies
    3.4 Global Cellulose Derivative Sales by Companies
    3.5 Global Cellulose Derivative Price by Manufacturer (2017-2022)
    3.6 Top 3 and Top 5 Cellulose Derivative Companies in Global Market, by Revenue in 2021
    3.7 Global Manufacturers Cellulose Derivative Product Type
    3.8 Tier 1, Tier 2 and Tier 3 Cellulose Derivative Players in Global Market
        3.8.1 List of Global Tier 1 Cellulose Derivative Companies
        3.8.2 List of Global Tier 2 and Tier 3 Cellulose Derivative Companies
4 Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Cellulose Derivative Market Size Markets, 2021 & 2028
        4.1.2 Cellulose Ether
        4.1.3 Cellulose Ester
        4.1.4 Cellulose Ether and Ester
    4.2 By Type - Global Cellulose Derivative Revenue & Forecasts
        4.2.1 By Type - Global Cellulose Derivative Revenue, 2017-2022
        4.2.2 By Type - Global Cellulose Derivative Revenue, 2023-2028
        4.2.3 By Type - Global Cellulose Derivative Revenue Market Share, 2017-2028
    4.3 By Type - Global Cellulose Derivative Sales & Forecasts
        4.3.1 By Type - Global Cellulose Derivative Sales, 2017-2022
        4.3.2 By Type - Global Cellulose Derivative Sales, 2023-2028
        4.3.3 By Type - Global Cellulose Derivative Sales Market Share, 2017-2028
    4.4 By Type - Global Cellulose Derivative Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
    5.1 Overview
        5.1.1 By Application - Global Cellulose Derivative Market Size, 2021 & 2028
        5.1.2 Food & Beverage
        5.1.3 Pharmaceutical
        5.1.4 Personal Care
        5.1.5 Construction
        5.1.6 Paint & Coating
        5.1.7 Others
    5.2 By Application - Global Cellulose Derivative Revenue & Forecasts
        5.2.1 By Application - Global Cellulose Derivative Revenue, 2017-2022
        5.2.2 By Application - Global Cellulose Derivative Revenue, 2023-2028
        5.2.3 By Application - Global Cellulose Derivative Revenue Market Share, 2017-2028
    5.3 By Application - Global Cellulose Derivative Sales & Forecasts
        5.3.1 By Application - Global Cellulose Derivative Sales, 2017-2022
        5.3.2 By Application - Global Cellulose Derivative Sales, 2023-2028
        5.3.3 By Application - Global Cellulose Derivative Sales Market Share, 2017-2028
    5.4 By Application - Global Cellulose Derivative Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
    6.1 By Region - Global Cellulose Derivative Market Size, 2021 & 2028
    6.2 By Region - Global Cellulose Derivative Revenue & Forecasts
        6.2.1 By Region - Global Cellulose Derivative Revenue, 2017-2022
        6.2.2 By Region - Global Cellulose Derivative Revenue, 2023-2028
        6.2.3 By Region - Global Cellulose Derivative Revenue Market Share, 2017-2028
    6.3 By Region - Global Cellulose Derivative Sales & Forecasts
        6.3.1 By Region - Global Cellulose Derivative Sales, 2017-2022
        6.3.2 By Region - Global Cellulose Derivative Sales, 2023-2028
        6.3.3 By Region - Global Cellulose Derivative Sales Market Share, 2017-2028
    6.4 North America
        6.4.1 By Country - North America Cellulose Derivative Revenue, 2017-2028
        6.4.2 By Country - North America Cellulose Derivative Sales, 2017-2028
        6.4.3 US Cellulose Derivative Market Size, 2017-2028
        6.4.4 Canada Cellulose Derivative Market Size, 2017-2028
        6.4.5 Mexico Cellulose Derivative Market Size, 2017-2028
    6.5 Europe
        6.5.1 By Country - Europe Cellulose Derivative Revenue, 2017-2028
        6.5.2 By Country - Europe Cellulose Derivative Sales, 2017-2028
        6.5.3 Germany Cellulose Derivative Market Size, 2017-2028
        6.5.4 France Cellulose Derivative Market Size, 2017-2028
        6.5.5 U.K. Cellulose Derivative Market Size, 2017-2028
        6.5.6 Italy Cellulose Derivative Market Size, 2017-2028
        6.5.7 Russia Cellulose Derivative Market Size, 2017-2028
        6.5.8 Nordic Countries Cellulose Derivative Market Size, 2017-2028
        6.5.9 Benelux Cellulose Derivative Market Size, 2017-2028
    6.6 Asia
        6.6.1 By Region - Asia Cellulose Derivative Revenue, 2017-2028
        6.6.2 By Region - Asia Cellulose Derivative Sales, 2017-2028
        6.6.3 China Cellulose Derivative Market Size, 2017-2028
        6.6.4 Japan Cellulose Derivative Market Size, 2017-2028
        6.6.5 South Korea Cellulose Derivative Market Size, 2017-2028
        6.6.6 Southeast Asia Cellulose Derivative Market Size, 2017-2028
        6.6.7 India Cellulose Derivative Market Size, 2017-2028
    6.7 South America
        6.7.1 By Country - South America Cellulose Derivative Revenue, 2017-2028
        6.7.2 By Country - South America Cellulose Derivative Sales, 2017-2028
        6.7.3 Brazil Cellulose Derivative Market Size, 2017-2028
        6.7.4 Argentina Cellulose Derivative Market Size, 2017-2028
    6.8 Middle East & Africa
        6.8.1 By Country - Middle East & Africa Cellulose Derivative Revenue, 2017-2028
        6.8.2 By Country - Middle East & Africa Cellulose Derivative Sales, 2017-2028
        6.8.3 Turkey Cellulose Derivative Market Size, 2017-2028
        6.8.4 Israel Cellulose Derivative Market Size, 2017-2028
        6.8.5 Saudi Arabia Cellulose Derivative Market Size, 2017-2028
        6.8.6 UAE Cellulose Derivative Market Size, 2017-2028
7 Manufacturers & Brands Profiles
    7.1 Shin-Etsu Chemical
        7.1.1 Shin-Etsu Chemical Corporate Summary
        7.1.2 Shin-Etsu Chemical Business Overview
        7.1.3 Shin-Etsu Chemical Cellulose Derivative Major Product Offerings
        7.1.4 Shin-Etsu Chemical Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.1.5 Shin-Etsu Chemical Key News
    7.2 LOTTE Fine Chemical
        7.2.1 LOTTE Fine Chemical Corporate Summary
        7.2.2 LOTTE Fine Chemical Business Overview
        7.2.3 LOTTE Fine Chemical Cellulose Derivative Major Product Offerings
        7.2.4 LOTTE Fine Chemical Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.2.5 LOTTE Fine Chemical Key News
    7.3 Dow Chemical
        7.3.1 Dow Chemical Corporate Summary
        7.3.2 Dow Chemical Business Overview
        7.3.3 Dow Chemical Cellulose Derivative Major Product Offerings
        7.3.4 Dow Chemical Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.3.5 Dow Chemical Key News
    7.4 Daicel Corporation
        7.4.1 Daicel Corporation Corporate Summary
        7.4.2 Daicel Corporation Business Overview
        7.4.3 Daicel Corporation Cellulose Derivative Major Product Offerings
        7.4.4 Daicel Corporation Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.4.5 Daicel Corporation Key News
    7.5 Akzo Nobel N.V.
        7.5.1 Akzo Nobel N.V. Corporate Summary
        7.5.2 Akzo Nobel N.V. Business Overview
        7.5.3 Akzo Nobel N.V. Cellulose Derivative Major Product Offerings
        7.5.4 Akzo Nobel N.V. Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.5.5 Akzo Nobel N.V. Key News
    7.6 Ashland
        7.6.1 Ashland Corporate Summary
        7.6.2 Ashland Business Overview
        7.6.3 Ashland Cellulose Derivative Major Product Offerings
        7.6.4 Ashland Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.6.5 Ashland Key News
    7.7 CP Kelco
        7.7.1 CP Kelco Corporate Summary
        7.7.2 CP Kelco Business Overview
        7.7.3 CP Kelco Cellulose Derivative Major Product Offerings
        7.7.4 CP Kelco Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.7.5 CP Kelco Key News
    7.8 Shandong Head
        7.8.1 Shandong Head Corporate Summary
        7.8.2 Shandong Head Business Overview
        7.8.3 Shandong Head Cellulose Derivative Major Product Offerings
        7.8.4 Shandong Head Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.8.5 Shandong Head Key News
    7.9 Zhejiang Haishen New Materials
        7.9.1 Zhejiang Haishen New Materials Corporate Summary
        7.9.2 Zhejiang Haishen New Materials Business Overview
        7.9.3 Zhejiang Haishen New Materials Cellulose Derivative Major Product Offerings
        7.9.4 Zhejiang Haishen New Materials Cellulose Derivative Sales and Revenue in Global (2017-2022)
        7.9.5 Zhejiang Haishen New Materials Key News
8 Global Cellulose Derivative Production Capacity, Analysis
    8.1 Global Cellulose Derivative Production Capacity, 2017-2028
    8.2 Cellulose Derivative Production Capacity of Key Manufacturers in Global Market
    8.3 Global Cellulose Derivative Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
    9.1 Market Opportunities & Trends
    9.2 Market Drivers
    9.3 Market Restraints
10 Cellulose Derivative Supply Chain Analysis
    10.1 Cellulose Derivative Industry Value Chain
    10.2 Cellulose Derivative Upstream Market
    10.3 Cellulose Derivative Downstream and Clients
    10.4 Marketing Channels Analysis
        10.4.1 Marketing Channels
        10.4.2 Cellulose Derivative Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
    12.1 Note
    12.2 Examples of Clients
    12.3 Disclaimer
List of Tables
    Table 1. Key Players of Cellulose Derivative in Global Market
    Table 2. Top Cellulose Derivative Players in Global Market, Ranking by Revenue (2021)
    Table 3. Global Cellulose Derivative Revenue by Companies, (US$, Mn), 2017-2022
    Table 4. Global Cellulose Derivative Revenue Share by Companies, 2017-2022
    Table 5. Global Cellulose Derivative Sales by Companies, (K MT), 2017-2022
    Table 6. Global Cellulose Derivative Sales Share by Companies, 2017-2022
    Table 7. Key Manufacturers Cellulose Derivative Price (2017-2022) & (USD/MT)
    Table 8. Global Manufacturers Cellulose Derivative Product Type
    Table 9. List of Global Tier 1 Cellulose Derivative Companies, Revenue (US$, Mn) in 2021 and Market Share
    Table 10. List of Global Tier 2 and Tier 3 Cellulose Derivative Companies, Revenue (US$, Mn) in 2021 and Market Share
    Table 11. By Type – Global Cellulose Derivative Revenue, (US$, Mn), 2021 & 2028
    Table 12. By Type - Global Cellulose Derivative Revenue (US$, Mn), 2017-2022
    Table 13. By Type - Global Cellulose Derivative Revenue (US$, Mn), 2023-2028
    Table 14. By Type - Global Cellulose Derivative Sales (K MT), 2017-2022
    Table 15. By Type - Global Cellulose Derivative Sales (K MT), 2023-2028
    Table 16. By Application – Global Cellulose Derivative Revenue, (US$, Mn), 2021 & 2028
    Table 17. By Application - Global Cellulose Derivative Revenue (US$, Mn), 2017-2022
    Table 18. By Application - Global Cellulose Derivative Revenue (US$, Mn), 2023-2028
    Table 19. By Application - Global Cellulose Derivative Sales (K MT), 2017-2022
    Table 20. By Application - Global Cellulose Derivative Sales (K MT), 2023-2028
    Table 21. By Region – Global Cellulose Derivative Revenue, (US$, Mn), 2021 VS 2028
    Table 22. By Region - Global Cellulose Derivative Revenue (US$, Mn), 2017-2022
    Table 23. By Region - Global Cellulose Derivative Revenue (US$, Mn), 2023-2028
    Table 24. By Region - Global Cellulose Derivative Sales (K MT), 2017-2022
    Table 25. By Region - Global Cellulose Derivative Sales (K MT), 2023-2028
    Table 26. By Country - North America Cellulose Derivative Revenue, (US$, Mn), 2017-2022
    Table 27. By Country - North America Cellulose Derivative Revenue, (US$, Mn), 2023-2028
    Table 28. By Country - North America Cellulose Derivative Sales, (K MT), 2017-2022
    Table 29. By Country - North America Cellulose Derivative Sales, (K MT), 2023-2028
    Table 30. By Country - Europe Cellulose Derivative Revenue, (US$, Mn), 2017-2022
    Table 31. By Country - Europe Cellulose Derivative Revenue, (US$, Mn), 2023-2028
    Table 32. By Country - Europe Cellulose Derivative Sales, (K MT), 2017-2022
    Table 33. By Country - Europe Cellulose Derivative Sales, (K MT), 2023-2028
    Table 34. By Region - Asia Cellulose Derivative Revenue, (US$, Mn), 2017-2022
    Table 35. By Region - Asia Cellulose Derivative Revenue, (US$, Mn), 2023-2028
    Table 36. By Region - Asia Cellulose Derivative Sales, (K MT), 2017-2022
    Table 37. By Region - Asia Cellulose Derivative Sales, (K MT), 2023-2028
    Table 38. By Country - South America Cellulose Derivative Revenue, (US$, Mn), 2017-2022
    Table 39. By Country - South America Cellulose Derivative Revenue, (US$, Mn), 2023-2028
    Table 40. By Country - South America Cellulose Derivative Sales, (K MT), 2017-2022
    Table 41. By Country - South America Cellulose Derivative Sales, (K MT), 2023-2028
    Table 42. By Country - Middle East & Africa Cellulose Derivative Revenue, (US$, Mn), 2017-2022
    Table 43. By Country - Middle East & Africa Cellulose Derivative Revenue, (US$, Mn), 2023-2028
    Table 44. By Country - Middle East & Africa Cellulose Derivative Sales, (K MT), 2017-2022
    Table 45. By Country - Middle East & Africa Cellulose Derivative Sales, (K MT), 2023-2028
    Table 46. Shin-Etsu Chemical Corporate Summary
    Table 47. Shin-Etsu Chemical Cellulose Derivative Product Offerings
    Table 48. Shin-Etsu Chemical Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 49. LOTTE Fine Chemical Corporate Summary
    Table 50. LOTTE Fine Chemical Cellulose Derivative Product Offerings
    Table 51. LOTTE Fine Chemical Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 52. Dow Chemical Corporate Summary
    Table 53. Dow Chemical Cellulose Derivative Product Offerings
    Table 54. Dow Chemical Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 55. Daicel Corporation Corporate Summary
    Table 56. Daicel Corporation Cellulose Derivative Product Offerings
    Table 57. Daicel Corporation Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 58. Akzo Nobel N.V. Corporate Summary
    Table 59. Akzo Nobel N.V. Cellulose Derivative Product Offerings
    Table 60. Akzo Nobel N.V. Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 61. Ashland Corporate Summary
    Table 62. Ashland Cellulose Derivative Product Offerings
    Table 63. Ashland Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 64. CP Kelco Corporate Summary
    Table 65. CP Kelco Cellulose Derivative Product Offerings
    Table 66. CP Kelco Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 67. Shandong Head Corporate Summary
    Table 68. Shandong Head Cellulose Derivative Product Offerings
    Table 69. Shandong Head Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 70. Zhejiang Haishen New Materials Corporate Summary
    Table 71. Zhejiang Haishen New Materials Cellulose Derivative Product Offerings
    Table 72. Zhejiang Haishen New Materials Cellulose Derivative Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
    Table 73. Cellulose Derivative Production Capacity (K MT) of Key Manufacturers in Global Market, 2020-2022 (K MT)
    Table 74. Global Cellulose Derivative Capacity Market Share of Key Manufacturers, 2020-2022
    Table 75. Global Cellulose Derivative Production by Region, 2017-2022 (K MT)
    Table 76. Global Cellulose Derivative Production by Region, 2023-2028 (K MT)
    Table 77. Cellulose Derivative Market Opportunities & Trends in Global Market
    Table 78. Cellulose Derivative Market Drivers in Global Market
    Table 79. Cellulose Derivative Market Restraints in Global Market
    Table 80. Cellulose Derivative Raw Materials
    Table 81. Cellulose Derivative Raw Materials Suppliers in Global Market
    Table 82. Typical Cellulose Derivative Downstream
    Table 83. Cellulose Derivative Downstream Clients in Global Market
    Table 84. Cellulose Derivative Distributors and Sales Agents in Global Market
List of Figures
    Figure 1. Cellulose Derivative Segment by Type
    Figure 2. Cellulose Derivative Segment by Application
    Figure 3. Global Cellulose Derivative Market Overview: 2021
    Figure 4. Key Caveats
    Figure 5. Global Cellulose Derivative Market Size: 2021 VS 2028 (US$, Mn)
    Figure 6. Global Cellulose Derivative Revenue, 2017-2028 (US$, Mn)
    Figure 7. Cellulose Derivative Sales in Global Market: 2017-2028 (K MT)
    Figure 8. The Top 3 and 5 Players Market Share by Cellulose Derivative Revenue in 2021
    Figure 9. By Type - Global Cellulose Derivative Sales Market Share, 2017-2028
    Figure 10. By Type - Global Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 11. By Type - Global Cellulose Derivative Price (USD/MT), 2017-2028
    Figure 12. By Application - Global Cellulose Derivative Sales Market Share, 2017-2028
    Figure 13. By Application - Global Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 14. By Application - Global Cellulose Derivative Price (USD/MT), 2017-2028
    Figure 15. By Region - Global Cellulose Derivative Sales Market Share, 2017-2028
    Figure 16. By Region - Global Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 17. By Country - North America Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 18. By Country - North America Cellulose Derivative Sales Market Share, 2017-2028
    Figure 19. US Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 20. Canada Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 21. Mexico Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 22. By Country - Europe Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 23. By Country - Europe Cellulose Derivative Sales Market Share, 2017-2028
    Figure 24. Germany Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 25. France Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 26. U.K. Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 27. Italy Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 28. Russia Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 29. Nordic Countries Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 30. Benelux Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 31. By Region - Asia Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 32. By Region - Asia Cellulose Derivative Sales Market Share, 2017-2028
    Figure 33. China Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 34. Japan Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 35. South Korea Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 36. Southeast Asia Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 37. India Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 38. By Country - South America Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 39. By Country - South America Cellulose Derivative Sales Market Share, 2017-2028
    Figure 40. Brazil Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 41. Argentina Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 42. By Country - Middle East & Africa Cellulose Derivative Revenue Market Share, 2017-2028
    Figure 43. By Country - Middle East & Africa Cellulose Derivative Sales Market Share, 2017-2028
    Figure 44. Turkey Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 45. Israel Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 46. Saudi Arabia Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 47. UAE Cellulose Derivative Revenue, (US$, Mn), 2017-2028
    Figure 48. Global Cellulose Derivative Production Capacity (K MT), 2017-2028
    Figure 49. The Percentage of Production Cellulose Derivative by Region, 2021 VS 2028
    Figure 50. Cellulose Derivative Industry Value Chain
    Figure 51. Marketing Channels
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Companies Included in Reports:
72
Frequently Asked Questions
Cellulose Derivative Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Cellulose Derivative Market report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Cellulose Derivative Market report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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