Connect with us

Hi, what are you looking for?

Cellulose Acetate Market Size to Enlarge with Growing Revenue at 8.48% of CAGR till 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.

Cellulose Acetate 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 estimated to reach a valuation of USD 6.33 Billion by the end of 2026, growing at a CAGR of 8.48% CAGR through the forecast timeline. 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.

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 Get Sample Copy of Report visit @ https://www.reportsanddata.com/sample-enquiry-form/2138

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.

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

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

  • North America
    • U.S.
  • Europe
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Browse Full Report @ https://www.reportsanddata.com/report-detail/cellulose-acetate-market

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.

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2138

Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Cellulose Acetate Market Segmentation & Impact Analysis
4.1. Cellulose Acetate Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising number of cigarette consumers
4.2.2.2. Rise in demand for cellulose acetate in Asia-Pacific
4.2.3. Market restraints analysis
4.2.3.1. Increasing awareness regarding health risks associated with smoking
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Continued…

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2138

Thank you for reading our report. To receive further information on the report or to enquire about its customization, please get in touch with us and get your report tailored according to your needs.

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Sodium Chlorite Market Size, Share & Analysis, By Application (Disinfectant, Bleaching Agent, Others), By Distribution Channel (Online, Offline), By End-Use (Water Treatment, Paper, Textile, Medical, Others), And Region, Segment Forecasts To 2027

UV Photoinitiators Market Size, Trends & Analysis, By Type (Free-Radical Type Photoinitiator, Cationic Type Photoinitiator), By Application (Paints, Inks, Adhesives) And Regional Forecast Over 2017-2027

Rare Earth Hydrogen Storage Materials Market Size, Trends & Analysis, By Product (Magnesium, Rare Earth, Titanium), By Application (NiMH Batteries, Purify Hydrogen, Manufacturing Heat Pump, Catalyst, Others), By Region, Forecast To 2027

Specialty Printing Consumables Market Size, Growth & Analysis, By Product, By Distribution Channel (Offline Stores, Online Stores), And By End User (Corporates, Commercial, Educational Institutes), Forecasts To 2027

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-cellulose-acetate-market

Browse More Reports –

UV Photoinitiators Market Size

Double Diaphragm Forming (DDF) Technology Market Share

Transit Packaging Market Outlook

Humic Acid Water Soluble Fertilizers Market Demand

Volatile Corrosion Inhibitors Packaging Market Growth

Source – HeraldKeepers
Note: The Heraldkeepers News Department was not involved in the creation of this content.

If you have any problem with this press release? Contact the source provider Heraldkeepers.com, you can contact them here.

comtex tracking

COMTEX_390165026/2758/2021-07-21T03:26:38

Written By

You may also like:

Social Media

Wanna buy some ignorance? You’re in luck.

Tech & Science

Under new legislation that passed the House of Representatives last week, TikTok could be banned in the United States.

Life

Platforms like Instagram and Pinterest often suggest travel destinations based on your likes and viewing habits.

Social Media

From vampires and wendigos to killer asteroids, TikTok users are pumping out outlandish end-of-the-world conspiracy theories.