$ 6.3 Billion Cellulose Acetate Markets by Type (Fiber, Plastic), Application (Cigarette Filters, Textiles & Clothing, Photographic Films, Tapes & Labels) – Global Forecast to 2026 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The report “Cellulose Acetate Market by Type (Fiber, Plastic), Application (Cigarette Filters, Textiles & Clothing, Photographic Films, Tapes & Labels) and Region – Global Forecast to 2026” has been added to ResearchAndMarkets.com offer.

Global cellulose acetate is expected to grow from $ 5.0 billion in 2021 to $ 6.3 billion by 2026, at a CAGR of 4.7% during the forecast period.

The growing demand for cigarette filter applications is the main driver of market growth. Cellulose acetates are used in cigarette filters, textiles and clothing, photographic films, tapes and labels, the medical sector, coatings and various other applications. However, the negative impact of the COVID-19 pandemic on end-use industries has negatively affected the cellulose acetate market.

Plastics are the fastest growing segment by cellulose type in terms of value and volume.

The plastic-based cellulose market is expected to experience strong growth owing to growing product requirements, growth in developing economies, and technological developments in different applications. The increasing demand for natural plastics is expected to drive the growth of the industry in the coming years due to its characteristics, including high durability, sparkling shine, glossy texture and high transparency.

In addition, with the growing concern of consumers about pollution and environmental degradation, various measures are being taken by the government around the world to ensure the safety and integrity of the environment. For this reason, the traditional use of non-biodegradable plastic is replaced by biodegradable cellulose acetate plastics and hence the market is expanding.

The application of cigarette filters dominates the global cellulose acetate market in 2020

The demand for cellulose acetate in the application of cigarette filters is expected to increase mainly due to the increase in the young population and the increase in disposable income in the regions. The product is widely used in the production of cigarette filters because it reduces the overall intake of nicotine and tar and is biodegradable. Rising consumer demand for low tar cigarettes across the globe is likely to increase the market growth during the forecast period.

In addition to this, the use of cigarettes is increasing in developing countries, mainly in Asia-Pacific and Latin America. The increase in population combined with changes in the lifestyle of customers and high disposable income of buyers are likely to support cigarette use over the next two years.

APAC will lead cellulose acetate during the forecast period

APAC is expected to hold the largest share of cellulose acetate and will grow significantly by 2026. This dominance is attributed to growing demand from domestic industries in the region. The demand for cellulose acetate is growing, especially in APAC and Latin America. The markets in these regions are expected to register high growth compared to other regions.

The growth of cellulose acetate market in APAC region is also driven by high economic growth, increase in manufacturing industries, availability of cheap labor force, growth of user markets. final and the global shift of production facilities from developed to developing markets.

The report provides a comprehensive analysis of the company profiles listed below:

  • Eastman Chemical Company (United States)

  • Daicel Corporation (Japan)

  • Celanese Corporation (United States)

  • Mitsubishi Chemical Holdings Corporation (Japan)

  • Sappi Ltd (South Africa)

  • Rayonier Advanced Materials, Inc (US)

  • China National Tobacco Corporation (China)

  • Sichuan Push Acetati Co Ltd (China)

  • Cerdia International GmbH (Switzerland)

  • Rotuba Extruders, Inc (US)

Premium previews

  • Attractive Opportunities in Cellulose Acetate Market: Strong Demand for Cigarette Filters Application to Drive the Market

  • Cellulose Acetate Market, By Type: Fiber-type cellulose acetate has dominated the overall market

  • Cellulose Acetate Market, By Application: Cigarette Filter Applications Segment Driven the Demand for Cellulose Acetate

  • Cellulose Acetate Market, By Key Countries: India market is expected to grow at the highest CAGR during the forecast period

Market dynamics

Conductors

  • Growing demand in the growing textile and clothing industry

  • Technological advances in applications

  • Rising applications as biodegradable plastic in various industries

  • Increased industrialization offers potential for market growth

Constraints

  • Decreased demand in applications such as cigarette filters and photographic films

Opportunities

  • Growing demand in emerging markets

Challenges

  • Commodity price volatility

  • Strict rules and regulations

Value chain analysis

  • Selection of raw materials

  • Manufacturing

  • Distribution and applications

Patent analysis

  • Document type

  • Knowledge

  • Figure 25 Analysis of patent jurisdictions, 2020

  • Main patent applicants

  • List of patents of Daicel Corporation

  • Celanese Acetate LLC Patent List.

  • Patent List of Fujiyan Lgcellulose Chemical Co Ltd

  • Dow Global Technologies LLC Patent List

  • Top ten patent owners (United States) over the past 10 years

Company Profiles

  • Biosynth Carbosynth

  • Carbomer, Inc

  • Celanese Company

  • Cerdia International GmbH

  • Chemo

  • Chemvalve Industries Pvt Ltd

  • Chinese National Tobacco Society

  • Daicel Corporation

  • Dayang Chem (Hangzhou) Co. Ltd

  • Dongguan He-Hong Plastic Co Ltd

  • Eastman Chemical Company

  • Haihang Industry Co.

  • Junsei

  • Mazzucchelli Spa 1849

  • Mil-Spec Industries Corp

  • Mitsubishi Chemical Holdings

  • Rayonier Advanced Materials Inc.

  • Rotuba Extruders Inc.

  • SAE manufacturing

  • Sappi Ltd.

  • Sichuan Push Acetati Co. Ltd.

  • Simagchem

  • Taylor Scientist (Samco)

  • Vasu chemicals

For more information on this report, visit https://www.researchandmarkets.com/r/amme6i

About William G. Patrick

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