According to the latest report by IMARC Group, titled "Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global cellulose acetate market size reached 1.9 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2027, exhibiting a growth rate (CAGR) of 3.67% during 2022-2027.
Cellulose acetate is a polymer manufactured by reacting natural cellulose with acetic anhydride and acetic acid in the presence of sulfuric acid (catalyst). It is biodegradable and widely used as a green alternative for plastics in various industries. It is primarily used to produce cigarette filters as it aids in smoke filtration by reducing tar and nicotine. Cellulose acetate also finds applications in photographic films, fashion accessories, tapes, coatings and diapers.
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The global cellulose acetate market is primarily driven by the increasing number of smokers and the growing inclination toward bioplastics. Additionally, the rising awareness regarding the adverse effects of prolonged exposure to tobacco smoke has escalated the demand for low tar cigarettes with longer filters, thereby contributing to the market growth. Furthermore, the widespread product adoption in the apparel and textile industry as an affordable silk fiber substitute has catalyzed the market growth. Other factors, including several product innovations, rapid industrialization, and stringent regulations against single-use plastics, are also anticipated to propel the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the cellulose acetate market has been studied in the report with the detailed profiles of the key players operating in the market.
Cellulose Acetate Market Key Players:
- Eastman Chemical Company (NYSE: EMN)
- Solvay (OTCMKTS: SLVYY)
- Celanese Corporation (NYSE: CE)
- Daicel Corporation (TYO: 4202)
- China National Tobacco Corporation
- Mitsubishi Chemical Holdings
- Sichuan Push Acetati Co.,Ltd
- Rayonier Advanced Materials Inc.
- Sappi Limited
Cellulose Acetate Market Segmentation:
The report has segmented the cellulose acetate market on the basis of application and region.
Breakup by Application:
- Ciggeraette Filters
- Coatings, Plastics and Films
- Price Analysis
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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