IMARC Group has recently released a new research study titled “Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the cellulose acetate market?
The global cellulose acetate market size reached 2.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
What is cellulose acetate?
Cellulose acetate is a polymer manufactured by reacting natural cellulose with acetic anhydride and acetic acid in the presence of sulfuric acid (catalyst). It is biodegradable and widely used as a green alternative for plastics in various industries. It is primarily used to produce cigarette filters as it aids in smoke filtration by reducing tar and nicotine. Cellulose acetate also finds applications in photographic films, fashion accessories, tapes, coatings and diapers.
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What are the growth prospects and trends in the industry?
The global cellulose acetate market is primarily driven by the increasing number of smokers and the growing inclination toward bioplastics. Additionally, the rising awareness regarding the adverse effects of prolonged exposure to tobacco smoke has escalated the demand for low tar cigarettes with longer filters, thereby contributing to the market growth. Furthermore, the widespread product adoption in the apparel and textile industry as an affordable silk fiber substitute has catalyzed the market growth.
Other factors, including several product innovations, rapid industrialization, and stringent regulations against single-use plastics, are also anticipated to propel the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Eastman Chemical Company
- Solvay
- Celanese Corporation
- Daicel Corporation
- China National Tobacco Corporation
- Mitsubishi Chemical Holdings
- Sichuan Push Acetati Co.,Ltd
- Rayonier Advanced Materials Inc.
- Sappi Limited
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Application:
- Ciggeraette Filters
- LCD
- Yarn
- Coatings, Plastics and Films
- Price Analysis
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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