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 forecast to reach USD 6.33 Billion by 2026,
according to a new report by Reports and Data. 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.
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| Cellulose Acetate Market | Reports and Data |
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.
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.
To
identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cellulose-acetate-market
- 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.
- 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.
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
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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
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, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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Reports and Data | Web: www.reportsanddata.com
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