Cellulose Acetate Market Size, Share & Analysis, By Type, By Product Type, By Application, By Region, Forecasts to 2027

Increasing consumption of cellulose acetate for various applications such as cigarette filters, textile & apparel, photographic films, plastics, and tapes and labels, among others is a key factor driving market revenue growth.

Market Size - USD 4,617.6 Million in 2020, Market Growth - CAGR of 5.3%, Market Trends - Key players are actively involved in technological developments and product advancements.

The global cellulose acetate market size is expected to reach USD 7,027.0 Million in 2028, and register a CAGR of 5.3% during the forecast period. Rapid industrialization, rapidly growing textile & apparel industry, constant developments in cellulose acetate products, and rising need for superior quality cigarette filters are some of the major factors expected to drive market growth.

Cellulose acetate has remarkable properties such as high flexibility, high dielectric constant, transparency, high mechanical strength, and increased durability, due to which it has been in high demand from various end-use industries such as cigarette filters, textiles, films and tapes, coatings, etc., which is another major factor expected to boost growth of the global cellulose acetate market.

Some Key Findings From the Report:

• Among the type segments, the fiber segment accounted for the largest revenue share of 67.1% in 2020.
• Among the product type segments, the tow segment accounted for the largest revenue share in 2020, followed by the flakes segment, in terms of revenue share.
• Among the application segments, the textile and apparel segment accounted for major revenue share in 2020, due to increasing use of cellulose acetate as a substitute to silk, and increasing demand for silk-based clothes among people.
• The Asia Pacific market was valued at USD 2,447.4 Million in 2020, and is expected to dominate in the global cellulose acetate market over the forecast period, due to rapidly increasing production and sales of cigarettes, growing textile industry, and high sales of cellulose acetate-based films and tapes in the region.
• Key players profiled in the report include Eastman Chemical Company, Solvay, Acordis Cellulostic Fibers, Rayonier Advanced Materials, Daicel Corporation, Tobacco Corporation, Celanese Corporation, Mitsubishi Chemical, Sichuan Push Acetati Co. Ltd., and Sappi. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

For the purpose of this report, the global cellulose acetate market is segmented on the basis of type, product type, application, and region:

Type Outlook

• Fiber
• Plastic

Product Type Outlook

• Tow
• Flakes
• Filament
• Others

Application Outlook

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

Region Outlook

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Benelux
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa

Reasons to Buy the Report

• A robust analysis and estimation of the Cellulose Acetate Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
• A holistic competitive landscape of the all the major players in Cellulose Acetate Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
• Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
• Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
• Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization