Cellulose Acetate Market by Industry Analysis, Size, Share, Key Players, Overview, Application – Foretcast Through 2019-2023

“cellulose acetate market”
Growing demand from the textiles & apparels industry is majorly driving the global cellulose acetate market growth. This growth is attributed to various properties that the product offer such as soft nature, heat-resistance, and comfort.

Cellulose Acetate Market is majorly driven by the product demand from textiles & apparel industry in Asia Pacific region. The demand for cellulose acetate in photographic films is likely to decline on account of the substitution by other low-cost effective products such as polyesters.

Top Key Players:

Some of the manufacturers operating in the Cellulose Acetate Market are Eastman Chemical Company (U.S.), Solvay (Belgium), Mitsubishi Chemicals Holdings Corporation (Japan), Celanese Corporation (U.S.), Daicel Corporation (Japan), China National Tobacco Corporation (China), Accordis Cellulosic Fibers, Inc. (U.S.), SK Chemicals (South Korea), Sichuan Push Acetati Co., Ltd. (China), Sappi (South Africa), Rayonier Advanced Materials (U.S.), and Borregaard (Norway).

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Market scenario:

Cellulose acetate is a synthetically derived compound through the acetylation of cellulose. Cellulose acetate is made from processed wood pulp. This pulp is processed using acetic anhydride to form acetate flake, which used in the synthesis of cellulose acetate. Cellulose acetate is biodegradable. It can also be produced by treating cotton with acetic acid, using sulfuric acid as a catalyst.

Cellulose acetate is available in two types namely fiber and plastics. The fiber segment dominated the market in 2016 owing to its easy availability. The fiber type cellulose acetate held major of the global market share in 2016 due to its extensive use in the manufacturing of cigarette tows and textiles. Acetate fibers are fast-drying, wrinkle resistant, and soft used for dresses, draperies, carpets, umbrellas, and others. It is used in the manufacturing of cigarette tows due to its high heat stability, high absorptivity, and biodegradability. The biodegradable nature of cellulose acetate is likely to offer substantial opportunities to the plastic type cellulose acetate in the mature markets such as the U.S.

The application segment includes textiles & apparels, cigarette filters, photographic films, tapes & labels, spectacle frames, and others. Growing demand from the textiles & apparels industry is majorly driving the Cellulose Acetate Market. This growth is attributed to various properties that the product offer such as soft nature, heat-resistance, and comfort. The increasing use of cellulose acetate as a replacement of silk owing to its low cost is expected to fuel the growth of the textile industry. The product demand from ophthalmology industry for manufacturing frame-wears is expected to fuel the market growth during the review period. 

Segmental Insights:

The Cellulose Acetate Market is segmented on the basis of the type, application, and region.

On the basis of the type, the global cellulose acetate market is segmented into fiber and plastic.

Based on the application, the market is segmented into textiles & apparels, cigarette filters, photographic films, tapes & labels, spectacle frames, and others.

Intended Audience

  • Cellulose Acetate Manufacturers
  • Traders and distributors of Cellulose Acetate
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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Regional Analysis:

Regionally, the global cellulose acetate market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the global cellulose acetate market in 2016 on account of the high demand from the textiles & apparels industry. The changing lifestyle in the emerging countries such as India and China is likely to fuel the market growth

Textiles & clothing is a diverse sector playing an important role in European manufacturing industry, which is expected to drive the global cellulose acetate market. Italy, Germany, France, Spain, and the U.K are major contributor to the textiles and fashion goods that produce a wide range of products such as carpets, home textiles, cellulosic fibers, and technical textiles.

High demand from the food packaging and textiles industry is expected to drive the cellulose acetate market in the North American region during the forecast period, 2018-2023.

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