Cellulose Acetate Market Forecasts to 2028 – Global Analysis By Type (Fiber, Plastic), Product (Cellulose Acetate Tow, Cellulose Acetate Flakes), Application (Cigarette Filters, Coating) and By Geography
According to Stratistics MRC, the Global Cellulose Acetate Market is accounted for $4.39 billion in 2020 and is expected to reach $7.59 billion by 2028 growing at a CAGR of 7.1 during the forecast period. The rising number of cigarette consumers and increasing demand for cellulose from the textile & apparel industry are driving the market growth. However, stringent government rules and regulations relating to health risks linked with smoking is hampering the growth of the market.
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.
Based on the type, the fiber segment is going to have lucrative growth during the forecast period. The developing research ensuing in the inventive use of fiber is the main reason for the growth of this segment. Moreover, the ease of obtainability of fiber and extensive suitability in tobacco industries are further reasons for the anticipated growth.
By geography, Asia Pacific is going to have high growth during the forecast period, owing to the increasing industrialization with cheap labor accessibility and growing textile industry in the province is predictable to contribute towards the market growth.
Some of the key players profiled in Cellulose Acetate Market include Acordis Cellulostic Fibers, Arkema SA, BASF SE, Borregaard ASA, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Eastman Chemical Company, Ecolab, Kemira, Mitsubishi Chemical Holdings, Rayonier Advanced Materials Inc., Sappi Limited, Sichuan Push Acetati Co.,Ltd, Solvay.
Estimated Market Size in 2020:
USD 4.39 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 7.59 billion
Tables, Graphs & Figures
Type, Product, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Cellulose Acetate Tow
• Cellulose Acetate Flakes
• Cellulose Acetate Filament
• Cellulose Ester Plastics
• Cellulose Diacetate
• Cellulose Triacetate
• Cigarette Filters
• Consumer Goods
• Extrusion & Molding
• Film & Sheet Castings
• Liquid Crystal Display (LCD)
• Molded Plastics
• Photographic Films
• Spectacle Frames
• Surface Coatings
• Tapes & Labels
• Textiles & Apparel
• Water Treatment
• Inks & Reprographic Formulations
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 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
Key Questions Answered In The Report
The Global Cellulose Acetate Market is majorly driven by the growing applications as biodegradable plastic in various industries and increasing demand for cellulose from the textile & apparel industry.
The cigarette filter segment is growing at a highest CAGR owing to its possesses superior biodegradability, which is an advantage if the filters end up in the environment.
Europe market is growing at a highest CAGR due to factor such ashigh economic growth, growing end-use markets, and the global shift of production facilities from developed markets to developing markets.
Asia Pacific market is growing at a highest CAGR owing to the increasing cloth and textile industry across the province.
Key players Cellulose Acetate Market include Acordis Cellulostic Fibers, Arkema SA, BASF SE, Borregaard ASA, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Eastman Chemical Company, Ecolab, Kemira, Mitsubishi Chemical Holdings, Rayonier Advanced Materials Inc., Sappi Limited, Sichuan Push AcetatiCo., Ltd, Solvay.
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