Cellulose Acetate Market to Receive Highest Growth USD 7.05 billion by 2029, at a 4.6% CAGR

Exactitude Consultancy Market Research analyses that the Cellulose Acetate Market will witness a CAGR of 4.6% for the forecast period of 2023-2029 and is likely USD 4.7 billion in 2022 to reach at USD 7.05 billion by 2029.

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 represent a key factor driving the market. Cellulose Acetate Fiber are used widely in furnishings and home bedding as well as in women apparels. Furnishings & home bedding such as upholstery, carpets, linen, bedspreads, curtains, others are produced with the use of these Fibers.

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Growth Factors

Growth in the global cigarette production industry is anticipated to be primarily boost the global cellulose acetate market during the next couple of years. During the production of cigarettes, cellulose acetate filter tow is incorporated as a filter at the closed cigarette tip or bud. Cigarette filters are used to cut down on the overall tar and nicotine content from getting inhaled during cigarette consumption. Cellulose acetate is suitably used in cigarette filters application as it provides greater efficiency as compared to other materials such as polypropylene, paper, and cotton. Furthermore, on the basis of socio-economic factors, cigarette consumption is rising in developing regions, primarily Asia Pacific and Latin America. Increasing population coupled with changes in consumer lifestyle and high per capita income of consumers are likely to boost cigarette consumption in the next few years. This increased consumption is projected to boost demand for cellulose acetate by the end of 2023.

Prominent Key players of the Cellulose Acetate Market survey report:

Historical data available in the report elaborates on the development of the Cellulose Acetate on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - BASF SE, Kemira, Ecolab, Solenis, Mitsubishi Chemical Holdings Corporation, Akzo Nobel N.V., Sappi Europe SA, Baker Hughes Company, Solvay, Dow, SNF, SUEZ, Eastman Chemical Company, Celanese Corporation, Chembond Chemicals Limited, China Tobacco., Samco.

Cellulose Acetate Market Recent Developments

In September 2021, Daicel Croprotaion announced that its Cabflotm cellulose acetate product recived the "OK biodegradable MARINE" certification

Cellulose Acetate Market Segmentation:

Cellulose Acetate Market by Type, 2023-2029, (USD Million), (Thousand Units)

» Fibre

» Plastic

Cellulose Acetate Market by Product, 2023-2029, (USD Million), (Thousand Units)

» Cellulose Acetate Filament

» Cellulose Ester Plastics

» Cellulose Acetate Tow

» Cellulose Acetate Flakes

» Others

Cellulose Acetate Market by Application, 2023-2029, (USD Million), (Thousand Units)

» Cigarette Filters

» Textiles And Apparel

» Photographic Films

» Tapes And Labels

» Extrusion & Molding

» Film And Sheet Castings

» Surface Coatings

» Spectacle Frames

» Packaging

» Filtration

» Water Treatment

» Others

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Cellulose Acetate Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Cellulose Acetate industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Cellulose Acetate industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Cellulose Acetate Market Research Report 2023-2029

1 Cellulose Acetate Market Overview

1.1 Product Overview and Scope of Cellulose Acetate

1.2 Cellulose Acetate Segment by Type (Product Category)

1.3 Global Cellulose Acetate market Segment by Application

1.4 Global Cellulose Acetate Market by Region (2023-2029)

1.4.1 Global Cellulose Acetate Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Cellulose Acetate (2023-2029)

1.5.1 Global Cellulose Acetate Revenue Status and Outlook (2023-2029)

1.5.2 Global Cellulose Acetate Capacity, Production Status and Outlook (2023-2029)

…

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