Global Cellulose Acetate Market Analysis, 2024-2030

Cellulose acetate is a synthetic polymer used in various products like cigarette filters, photographic films and textile industries. It exists in both fibre and plastic forms. Cellulose acetate is a non-flammable product derived from natural cellulose. Cellulose acetate displays certain characteristics such as transparency, flexibility and toughness, which makes it a popular product in many industries. The major uses of cellulose acetate can be enumerated as cigarette filters owing to non-flammability and low tar content, textile industry for the manufacture of cloth labels; lining of the garments, major component of photographic films, and other uses like toys, food packaging, mobile phones, spectacle frames, etc.

The report on global cellulose acetate market represent insight on current market scenario by conducting more than 320 hours of secondary and primary research. As per the report, the global cellulose acetate market was calculated at US $ xxx billion in 2017; the market is estimated to show a growth rate of xxx% annually. Thus, reaching the market value of US $ xxx billion by 2025.

One of the major growth drivers for cellulose acetate is increased consciousness towards health hazards resulting from smoking cigarettes. The cellulose acetate being health friendly has been preferred as a cigarette filter in the current scenario. Further, because of the increasing number of people smoking cigarettes, the production of cellulose acetate is expected to grow substantially. Further, the textile industry has started preferring cellulose acetate over polyester and rayon, as it provides a lustrous sheen to the garment. Betterment of the quality of lifestyle is bound to boost the growth of the textile industry. Thereby, affecting the cellulose acetate market as well. There are no major impediments to the growth of the cellulose acetate market other than the increased cost of productions.

The current manufacturers of cellulose acetate are spread across Europe, North America, Asia Pacific and South America. Asia Pacific is expected to emerge as a dominant manufacturer of cellulose acetate. Owing to increased production of textiles and cigarettes, countries like India, China and Japan are estimated to hold a major stake in the cellulose acetate market in the upcoming future scenario.

Celanese (US), Mitsubishi Chemicals (Japan), China Tobacco Corporation (China), Daicel (Japan), and Eastman Chemical Company (US), among others, are the leading manufactures in the current cellulose acetate market.

Our Approach

The research process begins with the bifurcation of different market segments of global cellulose acetate market, followed by identification of factors affecting the growth each segment. Then, the market forecasts were built based on the input shared by the business leaders across cellulose acetate industry value chain. Market Krystal have conducted more than 40 interviews for this study, details of which are mentioned below:

By company type:

Manufacturers (35%), Suppliers (10%), Consumers (25%), Researchers (20%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (40%), Europe (30%)

By designation:

Top level (40%), Operation level (40%), Mid-level (20%)

Contents of the report:

• Insight on the cellulose acetate industry dynamics
• Estimation of the current global cellulose acetate market size in terms of value and volume
• Global cellulose acetate market breakup based on type (plastic, fibre), application (cigarette filters, tapes & labels, photographic films, textiles & apparel) and geography (North America, Europe, Asia-Pacific, Middle-East, Africa, Latin America)
• Substantiated global cellulose acetate market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of cellulose acetate industry value chain