Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global cellulose acetate market size reached 2.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

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 represents a key factor driving the market. Some of the other major drivers include its rising demand in textiles and apparels, growing usage of cellulose acetate in home furnishing products and its rising application as a biodegradable plastic in various other industries. The industry, however, faces some challenges as well. This includes its declining demand in photographic films and in its major end-application i.e. cigarette filters as a result of the rising awareness on the negative health impacts of smoking.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cellulose acetate market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application.

Breakup by Application:

Cigarette Filters
Coating, Plastics and Films

Cigarette filters currently represent the largest application segment.

Breakup by Region:

Asia Pacific
North America
Middle East and Africa
Latin America

Region-wise, Asia Pacific currently represents the biggest market.

Competitive Landscape:
The report has also examined the competitive landscape of the Global Cellulose Acetate market. Some of the major players include Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Rayonier Advanced Materials Inc., Sappi Limited, etc.

Key Questions Answered in This Report

1. What is the size of the global cellulose acetate market 2022?
2. What are the key factors driving the global cellulose acetate market?
3. What has been the impact of COVID-19 on the global cellulose acetate market?
4. What is the breakup of the global cellulose acetate market based on the application?
5. What are the key regions in the global cellulose acetate market?
6. Who are the key companies/players in the global cellulose acetate market?

1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.2Physical Properties
4.3Chemical Properties
4.4Key Industry Trends
5 Global Cellulose Acetate Market
5.1Market Overview
5.2Market Performance
5.2.1Volume Trends
5.2.2Value Trends
5.3Impact of COVID-19
5.4Market Breakup by Region
5.4.1Asia Pacific Trends Forecast
5.4.2North America Trends Forecast
5.4.3Europe Trends Forecast
5.4.4Middle East and Africa Trends Forecast
5.4.5Latin America Trends Forecast
5.5Market Breakup by Application
5.5.1Cigarette Filters Trends Forecast
5.5.2LCD Trends Forecast
5.5.3Yarn Trends Forecast
5.5.4Coating, Plastics and Films Trends Forecast
5.6Price Analysis
5.6.1Price Indicators
5.6.2Price Structure
5.6.3Price Trends
5.6.4Price Forecast
5.7Market Forecast
6 SWOT Analysis
7 Value Chain Analysis
7.1Raw Material
7.2Cellulose Acetate Manufacturers
7.5End Users
8 Porter’s Five Forces Analysis
8.1Bargaining Power of Suppliers
8.2Bargaining Power of Buyers
8.3Threat of New Entrants
8.4Degree of Rivalry
8.5Threat of Substitutes
9 Trade Data
10 Cellulose Acetate Manufacturing Process
10.1Product Overview
10.2Chemical Reactions Involved
10.3Detailed Process Flow
10.4Raw Material Requirement
10.5Mass Balance and Feedstock Conversion Rate
10.6Key Market Drivers and Success Factors
11 Cellulose Acetate: Feedstock Analysis
11.1.1Market Analysis
11.1.2Price Analysis
11.1.3Market Forecast
11.2Acetic Acid
11.2.1Market Analysis
11.2.2Price Analysis
11.2.3Market Forecast
11.3Key Feedstock Suppliers
12 Competitive Landscape
12.1Market Structure
12.2Key Players
12.3Key Player Profiles
12.3.1Eastman Chemical Company
12.3.3Celanese Corporation
12.3.4Daicel Corporation
12.3.5China National Tobacco Corporation
12.3.6Mitsubishi Chemical Holdings
12.3.7Sichuan Push Acetati Co. Ltd
12.3.8Rayonier Advanced Materials Inc.
12.3.9Sappi Limited

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