Cellulose Acetate Market, By Type (Fiber, Plastic, and Others), By Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.

Report Code: PMI490922 | Publish Date: March 2024 | No. of Pages: 170

Cellulose Acetate Market Overview

Cellulose Acetate market size accounted for US$ 4.8 billion in 2020 and is estimated to be US$ 7.39 Billion by 2030 and is anticipated to register a CAGR of 4.5%.

Cellulose acetate is an insoluble cellulose derivative known to be a nontoxic, nonirritant and biodegradable material. Cellulose acetate is a biodegradable polymer known for its nonirritant, heat resistant, nontoxic and relatively low hygroscopic nature. Cellulose acetate is obtained by acetylation of cellulose. Cellulose in its native form can be largely digested by microorganisms as it is a familiar natural product Cellulose acetate is biodegradable and used as a plastic substitute in various industries. The product is mainly used in the manufacture of cigarette filters, as it helps remove tar and nicotine while maintaining a smoker-friendly test. Cellulose acetate is an amorphous, colorless, transparent, glossy, and moderately hard thermoplastic with good clarity but only moderate chemical resistance and UV stability. Increasing demand for environment-friendly, biodegradable, cost-effective and versatile cellulose acetate is also expected to drive the market growth.

Cellulose Acetate Market Dynamics

Rising number of smoke

cellulose acetate market are the rise demand in cellulose acetate, growth in emerging economics, and technological advances. The rising demand for natural plastics due to its properties including good stiffness, glossy texture and high transparency has fueled the market growth in recent years. An important factor driving the market is the increasing number of smokers, especially in emerging markets such as China and India. Some of the other major drivers include increasing demand for textiles and apparel, increasing use of cellulose acetate in home furnishing products, and its increasing use as a biodegradable plastic in various other industries. All these factors are contributing to the overall growth of the market rising awareness about the health issues associated with smoking is expected to stand as a major restraint in the growth of the cellulose acetate market.

Technological advancement

Cellulose acetate is primarily used in the manufacture of cigarettes to reduce the toxicity of smoke. Cellulose acetate as a filter material provides excellent filtration properties without altering the flavor of the cigarette. Cellulose acetate is obtained from the acetylation of plant material cellulose. This cellulose acetate spins into textile fibers called acetate rayon, acetate or triacetate. Cellulose acetate in the form of solid plastic parts and this part is used for various purposes such as food wrapping, and handles in others. Technological advancements in the textile industry and increasing demand for specialty cellulose acetate for textiles and apparel are anticipated to the market growth in the forecast period.

In July 2022, Benefits of MAX Phase Additive Material in Cellulose Membrane Explored, Membrane technology is a promising technique for water treatment, MAX phase was used for the first time in a cellulose acetate polymeric membrane as an inorganic additive to improve its (cellulose acetate membrane) performance as a dye absorbent from water. Cellulose acetate membrane is a porous material made from natural cellulose.

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Cellulose Acetate Market Segmentation

The Cellulose Acetate Market is segmented based on type, application, and region.

On the basis of type, the Cellulose Acetate Market is segmented into Fiber, Plastic, and Others On the basis of application, the target market is classified into Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels, and Others. cellulose acetate is used in textiles industry. The textile industry uses this product in the manufacture of garments. Also, since the material is smooth, rich and satiny, it serves as an inexpensive alternative to silk with similar qualities.

Regional Insights:

On region the Cellulose Acetate Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be the largest and fastest growing market attributed to economic growth and rapid industrialization. Additionally, a major factor driving growth in the Asia region is lower labor costs.

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Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Billion & CAGR from 2020 to 2030
Market Segmentation	By Type – Fiber, Plastic, and Others By Application – Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels, and Others
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at , regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Cellulose Acetate Market report based on test, application, and region:

Cellulose Acetate Market, By Type:

Fiber
Plastic
Others

Cellulose Acetate Market, By Application:

Cigarette Filters
Textiles & Apparel
Photographic Films
Tapes & Labels
Others

Cellulose Acetate Market, By Region:

- - North America
    - - U.S.
      - Canada
  - Europe
    - - Germany
      - UK
      - France
      - Russia
      - Italy
      - Rest of Europe
  - Asia Pacific
    - - China
      - India
      - Japan
      - South Korea
      - Rest of Asia Pacific
  - Latin America
    - - Brazil
      - Mexico
      - Rest of Latin America
  - Middle East & Africa
    - - GCC
      - Israel
      - South Africa
      - Rest of Middle East & Africa

Cellulose Acetate Market Key Players

The key players operating the Cellulose Acetate Market includes Solvay (Belgium), Celanese Corporation (U.S.), Daicel Corporation (Japan), Accords Cellulosic Fibers Inc. (U.S.), China National Tobacco Corporation (China), SK Chemicals (South Korea),Sappi (South Africa), Rayonier Advanced Materials (U.S.), Sichuan Push Acetate Co. Ltd. (China), Eastman Chemical Company (U.S.). Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In May 2022, Delhi: Can’t help butt recycle, Code Effort deals with toxic cigarette waste, The collected cigarette butts are processed after separating them into three parts – paper, residual tobacco and cellulose acetate (filter).

Cellulose Acetate Market Company Profile

Solvay (Belgium) *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Celanese Corporation (U.S.)
Daicel Corporation (Japan)
Accords Cellulosic Fibers Inc. (U.S.)
China National Tobacco Corporation (China)
SK Chemicals (South Korea)
Sappi (South Africa)
Rayonier Advanced Materials (U.S.)
Sichuan Push Acetate Co. Ltd. (China)
Eastman Chemical Company (U.S.)

“*” marked represents similar segmentation in other categories in the respective section

Cellulose Acetate Market Table of Contents

Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
Research Methodology
- Research data
- Primary Data
  - Primary Interviews
  - Primary Breakdown
  - Key data from Primary Sources
  - Key Thickness Insights
- Secondary Data
  - Major Secondary Sources
  - Secondary Sources
- Market Estimation
- Top-Down Approach
  - Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
  - Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
  - Key Questions this Study will Answer
  - Market Snippet, By Type
  - Market Snippet, By Application
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
  - Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
Market Segmentation, By Type
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
  - Y-o-Y Growth Analysis (%), 2020 – 2030
  - Segment Trends
- Fiber
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Plastic
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
GMarket Segmentation, By Application, 2020 – 2030, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
  - Y-o-Y Growth Analysis (%), 2020 – 2030
  - Segment Trends
- Cigarette Filters
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Textiles & Apparel
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Photographic Films
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Tapes & Label
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
  - Overview
  - Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
  - Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
  - Y-o-Y Growth Analysis (%), 2020 – 2030
  - Regional Trends
- North America
  - Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
    - U.S.
    - Canada
- Europe
  - Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
    - UK
    - France
    - Germany
    - Russia
    - Italy
    - Rest of Europe
- Asia Pacific
  - Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
    - India
    - Japan
    - South Korea
    - China
    - Rest of Asia Pacific
- Latin America
  - Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
    - Brazil
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
  - Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
    - GCC
    - Israel
    - South Africa
    - Rest of Middle East
Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
Company Profiles

Solvay (Belgium)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Celanese Corporation (U.S.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

Daicel Corporation (Japan)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Accords Cellulosic Fibers Inc. (U.S.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
China National Tobacco Corporation (China)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
SK Chemicals (South Korea)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Sappi (South Africa)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Rayonier Advanced Materials (U.S.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Sichuan Push Acetate Co. Ltd. (China)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Eastman Chemical Company (U.S.)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies

The Last Word
- Future Impact
- About Us
- Contact

FAQs

What is the scope of the market research report?

The Cellulose Acetate Market is segmented into basis of on type, application, and region.

What are the growing factors related with the market Cellulose Acetate Market growth?

The rising demand for natural plastics due to its properties including good stiffness, glossy texture and high transparency has fueled the market growth in recent years.

What are the regions considered in the report & which region will dominate the market?

By region, Asia Pacific is expected to be the largest and fastest growing market attributed to economic growth and rapid industrialization. Additionally, a major factor driving growth in the Asia region is lower labor costs.

What are the leading Key players in the Cellulose Acetate Market?

The Key players operating in the Cellulose Acetate Market includes Solvay (Belgium), Celanese Corporation (U.S.), Daicel Corporation (Japan), Accords Cellulosic Fibers Inc. (U.S.), China National Tobacco Corporation (China), SK Chemicals (South Korea),Sappi (South Africa), Rayonier Advanced Materials (U.S.), Sichuan Push Acetate Co. Ltd. (China), Eastman Chemical Company (U.S.).

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