Cellulose Acetate Market by Type, Application, and Region

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.

New York, September 10, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of “Cellulose Acetate Market by Type, Application and Region – Global Forecast to 2026” – https: //www.reportlinker .com / p05377120 /? utm_source = GNW
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 growing demand for natural plastics is expected to drive the growth of the industry in the coming years. years due to its characteristics, including strong 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 increasing, especially in the APAC region 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 of manufacturing industries, availability of cheap labor force, growth of user markets. final and the global shift of production facilities from developed to developing markets.
This study was validated by primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:
• By type of business: level 1 at 40%, level 2 at 33% and level 3 at 27%
• By designation – level C – 50%, manager level – 30% and executives – 20%
• By region – North America – 15%, Europe – 50%, Asia-Pacific (APAC) – 20%, Latin America – 5%, Middle East and Africa (MEA) – 10%,

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 (United States)
• China National Tobacco Corporation (China)
• Sichuan Push Acetati Co Ltd (China)
• Cerdia International GmbH (Switzerland)
• Rotuba Extruders, Inc (United States)

Research coverage
This report covers the global Cellulose Acetate market and forecasts the market size till 2026. It includes the following market segmentation: by type of magnet (fiber, plastic), end use (cigarette filters, textiles and Apparel, Photographic Films, Tapes and Labels, and Others) and Region (North America, Europe, APAC, MEA, Latin America) – Global Forecast to 2026.

Porter’s analysis of five forces, along with the drivers, restraints, opportunities, and challenges, were discussed in the report. It also provides company profiles and competitive strategies adopted by major players in the global Cellulose Acetate market.

Main advantages of purchasing the report:

The report is expected to assist the market leaders / new entrants in this market in the following ways:
1. This report comprehensively segments Cellulose Acetate global. It provides the closest approximations to revenue for the overall market and sub-segments across different verticals and regions.
2. The report helps stakeholders understand the pulse of Cellulose Acetate and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more information to improve their position in their business. The competitive landscape section includes the ecosystem of competitors, development, expansion and acquisition of new products.

Reasons to buy the report:
The report will help the leaders / new entrants in this market by providing them with the closest approximations of revenue for all Cellulose Acetate and sub-segments. This report will help stakeholders to understand the competitive landscape, gain more insight, and better position their companies and market strategies.
Read the full report: https://www.reportlinker.com/p05377120/?utm_source=GNW

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About William G. Patrick

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