About Cellulose Acetate
Cellulose acetate is a natural thermoplastic polymer made from raw materials including acetate ester and cellulose. It is non-flammable and easy to produce and widely used in cigarette filters, textiles, and packaging. It is used as an artificial fiber and as plastics. The unique properties of acetate make it suitable for the production of attractive and comfortable fabrics, when used individually or mixed with other natural or synthetic yarns or fibers, which enhances the final product.
Technavio’s analysts forecast the global cellulose acetate market to grow at a CAGR of 3.71% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cellulose acetate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cellulose Acetate Market 2017-2021
Technavio recognizes the following companies as the key players in the global cellulose acetate market: Celanese, Daicel, Eastman Chemical Company, Solvay, and Tembec.
Other Prominent Vendors in the market are: Borregaard, Jiujiang Celluloid Industrial, Mitsubishi Chemical Holdings, Philip Morris International, Rayonier, Rotuba, Sappi, Sichuan Yibin PUSH, and SK chemicals.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rise in the demand from BRIC nations in apparels. The BRIC (Brazil, Russia, India, and China) economies have been identified as some of the fastest economies and are estimated to account for more than 45% of the global textile industry. China and India are the leading producers of textile. Factors such as the low manufacturing cost and low labor cost have led to significant investments in the textile sector, which is contributing to the increasing consumption of cellulose acetate on a large-scale basis in the textile industry.”
According to the report, one of the major drivers for this market is Rise in the demand from the cigarette industry. Cellulose acetate is largely used in the cigarette industry. It is widely used in manufacturing filter tow, which is used to filter tar and nicotine. The filter tow provides a favorable taste and provides a desired firmness for the smoker, which a smoker seeks. Cigarette filter tow accounts for the major share in the consumption of cellulose acetate. The global cigarette market is growing significantly despite the decline in the consumption of cigarettes.
Further, the report states that one of the major factors hindering the growth of this market is Rising health awareness. Smoking cigarette causes serious health effects. On an average, more than one billion people above the age of 15 years of age are smokers. The rapid increase in the number of smokers has led to an increase in the number of deaths caused due to smoking. Many economies have come up with campaigns for public awareness of smoking and its effects, which has led to the increase in awareness of smoking and its effects. Due to health concerns, many smokers are shifting toward the consumption of less harmful nicotine content, which is hindering the consumption of cigarettes, thereby affecting the demand for cellulose acetate in the cigarette segment.
Celanese, Daicel, Eastman Chemical Company, Solvay, Tembec, Borregaard, Jiujiang Celluloid Industrial, Mitsubishi Chemical Holdings, Philip Morris International, Rayonier, Rotuba, Sappi, Sichuan Yibin PUSH, and SK chemicals.
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