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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

4.7 (20 reviews)
Published: March 2022 ID: SMRC20971
4.7 (20 reviews)
Published: March 2022 ID: SMRC20971

This report covers the impact of COVID-19 on this global market
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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

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.        

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