Cellulose Acetate Market
Cellulose Acetate Market Forecasts to 2028 – Global Analysis By Product (Cellulose Acetate Flakes, Cellulose Acetate Tow), Type (Fiber, Plastic), Application (Extrusion & Molding, Fabrics) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $3.70 BN |
|
Projected Year Value (2028) |
US $5.91 BN |
|
CAGR (2021 - 2028) |
6.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cellulose Acetate Market is accounted for $3.70 billion in 2021 and is expected to reach $5.91 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Cellulose acetate is a natural type of plastic composed of natural cellulose, resulting from acetylation of cellulose from two sources such as cotton linters or wood pulp. Cellulose acetate is a high-performance thermoplastic used for numerous applications due to its distinctive blend of properties such as high dielectric constant, good chemical resistance, high impact and mechanical strength, and similarity with human skin.
Market Dynamics:
Driver:
Increasing demand in growing textiles and apparels industry
The changing trends in the fashion industry are preferably one of the major factors responsible for the growth of the global cellulose acetate market. Cellulose acetate is considered to be suitable for textile application as it is comfortable and absorbent as well as can be easily dyed in many different colors. Therefore, increase in demand in the clothing sector due to changes in preferences of the consumers in order to keep themselves trendy and upgraded to the ongoing fashion changes has created a surge in demand and is responsible for the robust growth of the textiles and apparel industry.
Restraint:
Increased awareness of the health problems
Increased awareness of the health problems associated with smoking should be a major obstacle to the growth of the cellulose acetate market. Moreover, the government regulations that ban smoking in public along with the presence of alternatives like electronic cigarettes in is predicted to impede the growth potential in the worldwide market.
Opportunity:
Increased industrialization
Increased industrialization is supposed to create immense growth potential for industry players in the global cellulose acetate market. This is due to the fact that increased industrialization will increase market demand for the product for various applications, which will push manufacturers to produce products in large quantities, thereby creating opportunities. The increasing adoption of advanced cellulose acetate to reduce vulnerability to toxic products during smoking is a factor that should create a lucrative opportunity for the growth of the global cellulose acetate market during the projection period.
Threat:
Strict government rules
Strict government rules and regulations regarding the health risks associated with smoking are some of the factors that may restrict demand for cellulose acetate and slow growth in the global cellulose acetate market during the assessment period.
The plastic segment is expected to have the highest CAGR during the forecast period
The plastic segment is growing at the highest CAGR in the market due to the growth in the product requirements, the growth in developing economies, and the technological developments in different applications. The increasing demand for natural plastics is expected to drive the industry growth in the coming years owing to its characteristics, including strong durability, glistened shine, lustrous texture, and high transparency.
The fiber segment is expected to be the largest during the forecast period
The fiber segment is expected to be the largest share in the market. Acetate is considered to be a very valuable manufactured fiber that is low in cost and has good draping qualities. The fiber-based cellulose type is majorly used in the production of general consumer articles including lining, felts, clothing, upholstery, carpets, umbrellas, and cigarette filters. The staple acetate fibers are also used as partial substitutes for wool in the manufacture of fine fabrics and various kinds of knitwear.
Region with highest share:
The Asia Pacific is projected to hold the largest share in the market. The situation of manufacturing centers of significant market leaders is the leading cause of Asia’s dominance over the cellulose acetate market. The regional advantages offered by this region such as cheap labor and ease of resource availability are the primary reason for the interest of the key market participants to invest in this region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR in the market during the forecast period due to the high economic growth and rapid industrialization. Additionally, lower labor cost is one of the prime factors driving the growth in Asian region. This makes the companies have higher profits as the production costs are minimized.
Key players in the market:
Some of the key players profiled in the Cellulose Acetate Market include Kemira, Mitsubishi Chemical Holdings, Rayonier Advanced Materials Inc., Sappi Limited, Sichuan Push Acetati Co.,Ltd, Solvay, Arkema SA, BASF SE, Borregaard ASA, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Eastman Chemical Company, Ecolab, and Acordis Cellulostic Fibers.
Key developments:
In November 2020: Sappi which is the leading company in dissolving pulp has announced a partnership with Birla Cellulose which is a leading manufacturer of the textile value chain. The partnership is aimed at providing a forest-to-garment traceability solution for the brand owners. This partnership will strengthen the company’s sustainability credentials in the textile industry.
In October 2020: Celanese Corporation launched a breakthrough cellulose-based material, BlueRidge Cellulosic Pellets which aligns with ESG and circular economy objectives with a product that is both, bio-based and broadly compostable.
In May 2020: Eastman has announced the collaboration with Rotuba in order to manufacture face shields for medical personnel during the coronavirus pandemic. Under this partnership, Rotuba will be using Eastman’s cellulose acetate in order to manufacture nearly 75,000–100,000 splash guards per week.
In February 2020: Eastman announced the expansion of its Naia fiber portfolio. With the introduction of its new cellulosic staple fiber, Naia offers another versatile, eco-conscious material choice for sustainable fashion.
Products Covered:
• Cellulose Acetate Filament
• Cellulose Acetate Flakes
• Cellulose Acetate Tow
• Cellulose Diacetate
• Cellulose Ester Plastics
• Cellulose Triacetate
Types Covered:
• Fiber
• Plastic
Applications Covered:
• Cigarette Filters
• Coating
• Consumer Goods
• Extrusion & Molding
• Fabrics
• Film & Sheet Castings
• Filtration
• Inks & Reprographic Formulations
• Liquid Crystal Display (LCD)
• Molded Plastics
• Packaging
• Photographic Films
• Spectacle Frames
• Surface Coatings
• Tapes & Labels
• Textiles & Apparel
• Water Treatment
• Yarn
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cellulose Acetate Market, By Product
5.1 Introduction
5.2 Cellulose Acetate Filament
5.3 Cellulose Acetate Flakes
5.4 Cellulose Acetate Tow
5.5 Cellulose Diacetate
5.6 Cellulose Ester Plastics
5.7 Cellulose Triacetate
6 Global Cellulose Acetate Market, By Type
6.1 Introduction
6.2 Fiber
6.3 Plastic
7 Global Cellulose Acetate Market, By Application
7.1 Introduction
7.2 Cigarette Filters
7.3 Coating
7.4 Consumer Goods
7.5 Extrusion & Molding
7.6 Fabrics
7.7 Film & Sheet Castings
7.8 Filtration
7.9 Inks & Reprographic Formulations
7.10 Liquid Crystal Display (LCD)
7.11 Molded Plastics
7.12 Packaging
7.13 Photographic Films
7.14 Spectacle Frames
7.15 Surface Coatings
7.16 Tapes & Labels
7.17 Textiles & Apparel
7.18 Water Treatment
7.19 Yarn
8 Global Cellulose Acetate Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Kemira
10.2 Mitsubishi Chemical Holdings
10.3 Rayonier Advanced Materials Inc.
10.4 Sappi Limited
10.5 Sichuan Push Acetati Co.,Ltd
10.6 Solvay
10.7 Arkema SA
10.8 BASF SE
10.9 Borregaard ASA
10.10 Celanese Corporation
10.11 China National Tobacco Corporation
10.12 Daicel Corporation
10.13 Eastman Chemical Company
10.14 Ecolab
10.15 Acordis Cellulostic Fibers
List of Tables
1 Global Cellulose Acetate Market Outlook, By Region (2020-2028) ($MN)
2 Global Cellulose Acetate Market Outlook, By Product (2020-2028) ($MN)
3 Global Cellulose Acetate Market Outlook, By Cellulose Acetate Filament (2020-2028) ($MN)
4 Global Cellulose Acetate Market Outlook, By Cellulose Acetate Flakes (2020-2028) ($MN)
5 Global Cellulose Acetate Market Outlook, By Cellulose Acetate Tow (2020-2028) ($MN)
6 Global Cellulose Acetate Market Outlook, By Cellulose Diacetate (2020-2028) ($MN)
7 Global Cellulose Acetate Market Outlook, By Cellulose Ester Plastics (2020-2028) ($MN)
8 Global Cellulose Acetate Market Outlook, By Cellulose Triacetate (2020-2028) ($MN)
9 Global Cellulose Acetate Market Outlook, By Type (2020-2028) ($MN)
10 Global Cellulose Acetate Market Outlook, By Fiber (2020-2028) ($MN)
11 Global Cellulose Acetate Market Outlook, By Plastic (2020-2028) ($MN)
12 Global Cellulose Acetate Market Outlook, By Application (2020-2028) ($MN)
13 Global Cellulose Acetate Market Outlook, By Cigarette Filters (2020-2028) ($MN)
14 Global Cellulose Acetate Market Outlook, By Coating (2020-2028) ($MN)
15 Global Cellulose Acetate Market Outlook, By Consumer Goods (2020-2028) ($MN)
16 Global Cellulose Acetate Market Outlook, By Extrusion & Molding (2020-2028) ($MN)
17 Global Cellulose Acetate Market Outlook, By Fabrics (2020-2028) ($MN)
18 Global Cellulose Acetate Market Outlook, By Film & Sheet Castings (2020-2028) ($MN)
19 Global Cellulose Acetate Market Outlook, By Filtration (2020-2028) ($MN)
20 Global Cellulose Acetate Market Outlook, By Inks & Reprographic Formulations (2020-2028) ($MN)
21 Global Cellulose Acetate Market Outlook, By Liquid Crystal Display (LCD) (2020-2028) ($MN)
22 Global Cellulose Acetate Market Outlook, By Molded Plastics (2020-2028) ($MN)
23 Global Cellulose Acetate Market Outlook, By Packaging (2020-2028) ($MN)
24 Global Cellulose Acetate Market Outlook, By Photographic Films (2020-2028) ($MN)
25 Global Cellulose Acetate Market Outlook, By Spectacle Frames (2020-2028) ($MN)
26 Global Cellulose Acetate Market Outlook, By Surface Coatings (2020-2028) ($MN)
27 Global Cellulose Acetate Market Outlook, By Tapes & Labels (2020-2028) ($MN)
28 Global Cellulose Acetate Market Outlook, By Textiles & Apparel (2020-2028) ($MN)
29 Global Cellulose Acetate Market Outlook, By Water Treatment (2020-2028) ($MN)
30 Global Cellulose Acetate Market Outlook, By Yarn (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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