Press release
Cellulose Acetate Derivatives Market to See Huge Growth by 2030 |
According to Report Increasing number of cigarette smokers globally and use cellulose acetate in cigarette manufacturing industry to make effective cigarette filters to reduce toxicants during smoking are factors propelling the growth of the market. Similarly, use of cellulose acetate in the packaging, textile & fabric industries adds to growth of the global cellulose acetate derivatives market. Similarly extensive research & development activities carried out by major companies & universities to introduce newer technologies in the manufacturing process of cellulose acetate that provide maximum safety and precision are expected to contribute to the market growth.The global cellulose acetate derivatives market is moderately fragmented:
Few of the manufacturers are Eastman Chemical Company, Celanese Corporation, Daicel Corporation, Sichuan Push AcetatiCo, Ltd., and Mitsubishi Chemical Corporation among others.
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Segmentation Overview:
By Application:
Cigarette Filters
Photographic Films
Extrusion & Molding
Coatings
Tapes & Labels
Other Application
Cellulose acetate is derived from the acetylation of the plant substance cellulose. This cellulose acetate spun into textile fibers known as acetate rayon, acetate, or triacetate. Cellulose acetate molded in the form of solid plastic parts can be used for various purposes such as food wrapping, and handles among others. Technological advancement in the textile industry and rising demand of special cellulose acetate for the textiles & apparel is anticipated to further drive the market growth in the coming years. However, stringent government regulations, volatility in the prices of raw materials and rising awareness regarding risks factors associated with smoking are likely to restrain the growth of the market to a certain extent.
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Table of Contents
INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
Currency Used
RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecasting Model
Limitations/Assumptions of the Study
ABSTRACT OF THE STUDY
MARKET DYNAMICS ASSESMENT
Overview
Drivers
Barriers/Challenges
Opportunities
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