Global Cellulose acetate Market is valued at approximately USD 4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2019-2026.
Cellulose acetate is a partial synthetic composite and is attained by acetylation of the plant constituent cellulose. Wood pulp and cotton linens are the two-common source of cellulose. Cellulose is a high-performance thermoplastic polymer that has numerous adaptable properties. It is widely used in medical gauze, home furnishing, ribbons, coffin linings, woven satins, woven velvets, and others. Growing demand for cellulose acetate in emerging economies, and technological advancement are two driving factors of the market growth. Moreover, growing demand for advanced cellulose acetate in reducing exposure to toxicants and growing export from APAC countries coupled with rapid industrialization are creating growth opportunity in the market over the forecast period. However, price volatility of raw material is expected to hamper market growth.
The regional analysis of global Cellulose acetate market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America also witnesses satisfactory growth in the global Cellulose acetate market owing to high demand from food packaging and textiles industry. Europe is also witnessing considerable growth owing to increasing cloth and textile industry. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to growing research and development in developing countries such as India, China and Japan. Further, market in the APAC region is expected to drive owing to increased technological & infrastructural developments.
Major market player included in this report are:
- Eastman Chemical Company
- Celanese Corporation
- China National Tobacco Corporation
- Daicel Corporation
- Acordis Cellulostic Fibers
- Mitsubishi Chemical Holdings Corporation
- Sichuan Push Acetati Co., Ltd.
- Rayonier Advanced Materials
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Cigarette Filters
- Textiles & Apparel
- Photographic Films
- Tapes & Labels
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Cellulose acetate Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers