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Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • July 2023
  • Region: Global
  • IMARC Group
  • ID: 5401539

Quick Summary:

In the world of material science, cellulose acetate stands as an innovative player, growing steadily in its significance and application. Positioned as a biodegradable alternative to plastics, this versatile chemical product is attractive in various industries, notably for cigarette filter tow production, textiles, and home furnishing products. Its growth is propelled by a prevalence of smokers, primarily in emerging markets, encouraging a rise in its demand.

Despite facing industry challenges such as declining demand in photographic films and cigarette filters, the global cellulose acetate market continues to forge ahead. This market research report provides a comprehensive analysis of trends, potential, segmentation and competitive landscape - vital intelligence for your strategic planning. Whether it is for gaining insights into the largest application segment, or understanding the predominant market regionally, this report offers valuable, tailored knowledge to help navigate this dynamic market with ease.

The global cellulose acetate market size reached 2.0 Million Tons in 2022. Looking forward, the publisher expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

Cellulose acetate is a chemical product produced by the reaction of cellulose with acetic acid and acetic anhydride in the presence of a catalyst (sulphuric acid). Cellulose acetate is biodegradable and is used as a replacement of plastics in various industries. The product is primarily used in the production of cigarette filter tow, as it helps in removing tar and nicotine while maintaining favorable taste to the smoker.

Rising number of smokers, particularly in emerging markets such as China and India represents a key factor driving the market. Some of the other major drivers include its rising demand in textiles and apparels, growing usage of cellulose acetate in home furnishing products and its rising application as a biodegradable plastic in various other industries. The industry, however, faces some challenges as well. This includes its declining demand in photographic films and in its major end-application i.e. cigarette filters as a result of the rising awareness on the negative health impacts of smoking.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global cellulose acetate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

  • Cigarette Filters
  • LCD
  • Yarn
  • Coating, Plastics and Films
Cigarette filters currently represent the largest application segment.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
Region-wise, Asia Pacific currently represents the biggest market.

Competitive Landscape:

The report has also examined the competitive landscape of the Global Cellulose Acetate market. Some of the major players include 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, etc.

Key Questions Answered in This Report

1. What is the size of the global cellulose acetate market 2022?
2. What are the key factors driving the global cellulose acetate market?
3. What has been the impact of COVID-19 on the global cellulose acetate market?
4. What is the breakup of the global cellulose acetate market based on the application?
5. What are the key regions in the global cellulose acetate market?
6. Who are the key companies/players in the global cellulose acetate market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Physical Properties
4.3 Chemical Properties
4.4 Key Industry Trends
5 Global Cellulose Acetate Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Region
5.4.1 Asia Pacific
5.4.1.1 Market Trends
5.4.1.2 Market Forecast
5.4.2 North America
5.4.2.1 Market Trends
5.4.2.2 Market Forecast
5.4.3 Europe
5.4.3.1 Market Trends
5.4.3.2 Market Forecast
5.4.4 Middle East and Africa
5.4.4.1 Market Trends
5.4.4.2 Market Forecast
5.4.5 Latin America
5.4.5.1 Market Trends
5.4.5.2 Market Forecast
5.5 Market Breakup by Application
5.5.1 Cigarette Filters
5.5.1.1 Market Trends
5.5.1.2 Market Forecast
5.5.2 LCD
5.5.2.1 Market Trends
5.5.2.2 Market Forecast
5.5.3 Yarn
5.5.3.1 Market Trends
5.5.3.2 Market Forecast
5.5.4 Coating, Plastics and Films
5.5.4.1 Market Trends
5.5.4.2 Market Forecast
5.6 Price Analysis
5.6.1 Price Indicators
5.6.2 Price Structure
5.6.3 Price Trends
5.6.4 Price Forecast
5.7 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
7.1 Raw Material
7.2 Cellulose Acetate Manufacturers
7.3 Distributors
7.4 Exporters
7.5 End Users
8 Porter’s Five Forces Analysis
8.1 Bargaining Power of Suppliers
8.2 Bargaining Power of Buyers
8.3 Threat of New Entrants
8.4 Degree of Rivalry
8.5 Threat of Substitutes
9 Trade Data
9.1 Imports
9.2 Exports
10 Cellulose Acetate Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Detailed Process Flow
10.4 Raw Material Requirement
10.5 Mass Balance and Feedstock Conversion Rate
10.6 Key Market Drivers and Success Factors
11 Cellulose Acetate: Feedstock Analysis
11.1 Cellulose
11.1.1 Market Analysis
11.1.2 Price Analysis
11.1.3 Market Forecast
11.2 Acetic Acid
11.2.1 Market Analysis
11.2.2 Price Analysis
11.2.3 Market Forecast
11.3 Key Feedstock Suppliers
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Player Profiles
12.3.1 Eastman Chemical Company
12.3.2 Solvay
12.3.3 Celanese Corporation
12.3.4 Daicel Corporation
12.3.5 China National Tobacco Corporation
12.3.6 Mitsubishi Chemical Holdings
12.3.7 Sichuan Push Acetati Co. Ltd
12.3.8 Rayonier Advanced Materials Inc.
12.3.9 Sappi Limited
List of Figures
Figure 1: Global: Cellulose Acetate Market: Major Drivers and Challenges
Figure 2: Global: Cellulose Acetate Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Cellulose Acetate Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Cellulose Acetate Market: Breakup by Region (in %), 2022
Figure 5: North America: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 6: North America: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 7: Asia Pacific: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 8: Asia Pacific: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 9: Europe: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 10: Europe: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 11: Latin America: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 12: Latin America: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 13: Middle East and Africa: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 14: Middle East and Africa: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 15: Global: Cellulose Acetate Market: Breakup by Application (in %), 2022
Figure 16: Global: Cellulose Acetate Market (Cigarette Filters): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 17: Global: Cellulose Acetate Market Forecast (Cigarette Filters): Volume Trends (in ‘000 Tons), 2023-2028
Figure 18: Global: Cellulose Acetate Market (LCD): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 19: Global: Cellulose Acetate Market Forecast (LCD): Volume Trends (in ‘000 Tons), 2023-2028
Figure 20: Global: Cellulose Acetate Market (Yarn): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 21: Global: Cellulose Acetate Market Forecast (Yarn): Volume Trends (in ‘000 Tons), 2023-2028
Figure 22: Global: Cellulose Acetate Market (Coating, Plastics and Films): Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 23: Global: Cellulose Acetate Market Forecast (Coating, Plastics and Films): Volume Trends (in ‘000 Tons), 2023-2028
Figure 24: Global: Cellulose Acetate Market: Average Price Trends (in US$/Ton), 2017 & 2022
Figure 25: Global: Cellulose Acetate Market Forecast: Average Price Trends (in US$/Ton), 2023-2028
Figure 26: Global: Cellulose Acetate Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 27: Global: Cellulose Acetate Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 28: Global: Cellulose Acetate Industry: SWOT Analysis
Figure 29: Global: Cellulose Acetate Industry: Value Chain Analysis
Figure 30: Global: Cellulose Acetate Industry: Porter’s Five Forces Analysis
Figure 31: Global: Cellulose Acetate Market: Import Breakup by Country (in %), 2021
Figure 32: Global: Cellulose Acetate Market: Export Breakup by Country (in %), 2021
Figure 33: Cellulose Acetate Manufacturing: Detailed Process Flow
Figure 34: Global: Cellulose Market: Volume Trends (in Million Tons), 2017, 2022 & 2028
Figure 35: Global: Cellulose Market: Average Price Trends (in US$/Ton), 2017 & 2022
Figure 36: Global: Cellulose Market Forecast: Average Price Trends (in US$/Ton), 2023-2028
Figure 37: Global: Acetic Acid Market: Volume Trends (in Million Tons), 2017, 2022 & 2028
Figure 38: Global: Acetic Acid Market: Average Price Trends (in US$/Ton), 2017 & 2022
Figure 39: Global: Acetic Acid Market Forecast: Average Price Trends (in US$/Ton), 2023-2028
List of Tables
Table 1: Cellulose Acetate: Physical Properties
Table 2: Global: Cellulose Acetate Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Cellulose Acetate Market Forecast: Breakup by Application (in ‘000 Tons), 2023-2028
Table 4: Global: Cellulose Acetate Market Forecast: Breakup by Region (in ‘000 Tons), 2023-2028
Table 5: Global: Cellulose Acetate Market: Import Data by Country, 2021
Table 6: Global: Cellulose Acetate Market: Export Data by Country, 2021
Table 7: Global: Cellulose Acetate: Manufacturing Process: Raw Material Requirements
Table 8: Global: Cellulose: Key Suppliers
Table 9: Global: Acetic Acid: Key Suppliers
Table 10: Global: Cellulose Acetate Industry: Market Structure
Table 11: Global: Cellulose Acetate Market: Key Players

Companies Mentioned

  • 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

Methodology

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