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.
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?
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
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Cellulose Acetate Market
6 SWOT Analysis
7 Value Chain Analysis
8 Porter’s Five Forces Analysis
9 Trade Data
10 Cellulose Acetate Manufacturing Process
11 Cellulose Acetate: Feedstock Analysis
12 Competitive Landscape
List of Figures
List of Tables
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value in 2022 | 2 Million Tons |
| Forecasted Market Value by 2028 | 2.4 Million Tons |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
