Cellulose Acetate Market Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2020–2027

 The rising number of cigarette consumers and the rise in demand for cellulose acetate from the textile & apparel sector are propelling the market growth.

Market Size – USD 4.11 Billion in 2018, Market Growth - CAGR of 5.6%, Market Trends – Preference for eco-friendly acetate filter tow with enhanced biodegradability.

The global cellulose acetate market is forecast to reach USD 6.33 Billion by 2026, according to a new report by Reports and Data. Cellulose acetate is a semi-synthetic compound which is manufactured from purified natural cellulose. In the manufacturing of this semi-synthetic compound, natural cellulose is reacted with acetic anhydride. The primary sources of these natural cellulose are cotton linens and wood pulp. Some of the prominent trends that are happening in the market include rising industrialization which provides vast opportunities for the market growth and the expanding textile and apparel industries in the Asia Pacific region and technological developments for cellulose acetate.

The market for cellulose acetate is influenced by the rising number of cigarette consumers all over the world. Preference for low tar cigarettes with a consumer shift towards longer cigarette filters contributes to the market growth. 

The above-mentioned factors create opportunities for market growth while factors such as volatility of raw material prices, and stringent regulations pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the cellulose acetate market owing to innovative efforts have enhanced the efficiency of cellulose acetate.

The demography of Asia Pacific has been shifting towards the young population, and the purchasing potential of this young population is also increasing. Most of the developing countries are looking at India and China as the global market. These countries consist of over 40% population across the globe, and application of cellulose acetate in the apparels and cigarette filters will grow at a very high rate.

Request A Free Sample : https://www.reportsanddata.com/sample-enquiry-form/2138

Further key findings from the report suggest

• The fiber type segment of cellulose acetate held a larger market share of 67.6% in the year 2018. The growth is due to its easy availability and high demand from the textile & apparel industries and cigarette manufacturers.
• Cellulose Acetate Tow segment held a larger market share of 41.9% in the year 2018. Cellulose acetate tow are largely used in cigarette filters, which reduces the overall tar and nicotine intake while cigarette consumption. As this is comparatively efficient than paper, cotton, and polypropylene, they have a high demand from the cigarette manufacturers.
• Textile & Apparel segment is forecasted to grow with the highest CAGR of 5.9% during the forecast period. The product is used in the textile & apparel industries in the manufacturing of garments. As the material is cheaper in comparison to silk and possesses similar qualities and hence have high demand from the textile and apparel sector.
• The Asia Pacific region is forecasted to grow with the highest CAGR of 6.1% during the forecast period. Rising industrialization with cheap labor availability and expanding textile industry in the region is expected to contribute towards the cellulose acetate market growth in the forecast period.
• Key participants Eastman Chemical Company, Solvay, Celanese Corporation, China National, Tobacco Corporation, Daicel Corporation, Acordis Cellulostic Fibers, Mitsubishi Chemical, Holdings Corporation, Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials, and Sappi among others.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cellulose-acetate-market

For the purpose of this report, Reports and Data have segmented into the global Cellulose Acetate market on the basis of type, product type, application, and region:

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Fiber
• Plastic

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Cellulose Acetate Tow
• Cellulose Acetate Flakes
• Cellulose Acetate Filament
• Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Cigarette Filters
• Textile & Apparel
• Photographic Films
• Tapes & Labels
• Others

Reasons to buy the report:

• Extensive analysis of the market on both global and regional levels.
• Major changes in the competitive landscape.
• Segmentation on the basis of type, application, geography, and others.
• Historical and future market forecast in terms of size, share, growth, volume & sales.
• Key changes in the market’s overall dynamics & developments.
• Industry size & share analysis along with growth trends.
• New emerging segments and regions.
• Prevalent business strategies by key market players.

Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.