The Cellulose Acetate Market Size was valued at USD 6.2 billion in 2023, and is expected to reach USD 8.88 billion by 2031, and grow at a CAGR of 4.6% over the forecast period 2024-2031
The Cellulose acetate is formed by combining cellulose with acetic acid and anhydrous under a catalyst, offers a biodegradable alternative to plastic in various industries. Its ability to filter tar and nicotine without affecting taste makes it a popular choice for cigarette filters, with rising smoker numbers in developing nations like China and India driving demand. The market is further fueled by the growing use of cellulose acetate in textiles, apparel, home furnishings, and as a biodegradable plastic alternative across various sectors. However, the industry faces certain challenges not mentioned here.
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Drivers
Growing Demand among consumers in Textiles and Apparel for cellulose acetate
Increasing focus on sustainability and alternatives in the market
Cellulose acetate is experiencing a popularity among consumers for its unique blend of style, sustainability, and affordability in the textile and apparel industry. Cellulose acetate resonates with environmentally conscious shoppers who want to make responsible choices without compromising on style. Cellulose acetate offers a comfortable and breathable wear experience. Unlike some synthetic fabrics that trap heat, cellulose acetate allows for good air circulation and moisture absorption, making it ideal for warmer climates or active lifestyles.
Restraint:
Growing public awareness of the health hazards of smoking
The Decline of Photographic Film in the cellulose acetate market
The decline of photographic film has had a cascading effect on various industries, and the cellulose acetate market is no exception. Cellulose acetate was once a prominent material used in film bases, but the shift towards digital photography has significantly reduced this application. Reduction in film cameras being manufactured and used, the demand for film base, including cellulose acetate, plummeted. This significantly reduced the market share of cellulose acetate in this application.
Opportunities
Growing demand of cellulose acetate in 3D printing market
Developing environmentally friendly packaging solutions with the use of Cellulose acetate
The future of cellulose acetate is bright, brimming with possibilities beyond its current uses, cellulose acetate become a game-changer in 3D printing. Ongoing studies are investigating its potential in this rapidly evolving field. Cellulose acetate can be processed into filaments suitable for 3D printing. These filaments offer a significant advantage – they are biodegradable! This translates to printed products that decompose naturally at the end of their lifespan, reducing environmental impact compared to traditional non-biodegradable materials commonly used in 3D printing, like ABS plastic.
Challenges
Competition with the petrochemical-based polymers in cellulose acetate market
Impact on the overall production cost and market stability of cellulose acetate
Advancements in cellulose acetate production can bring down the cost to a level closer to petrochemical-based polymers, it could become a more viable option across various applications. Governments around the world are increasingly implementing regulations for plastic pollution. The use of biodegradable alternatives like cellulose acetate. however, its sustainability credentials and unique properties offer significant advantages. By addressing cost concerns, capitalizing on growing environmental awareness, and exploring new applications, cellulose acetate can carve out a strong position in the future of sustainable materials.
The Impact of the Russia-Ukraine conflict has uncertainty on various industries, and the cellulose acetate market is no exception. Russia and Ukraine are significant players in the wood pulp export market, a crucial raw material for cellulose acetate. The war could disrupt the flow of wood pulp, leading to potential shortages and price hikes for cellulose acetate. Cellulose acetate is a prominent material in cigarette filters. The war might impact cigarette production in certain regions, affecting the demand for cellulose acetate in those areas.
The economic downturn has affected the Cellulose Acetate Market. Consumer spending habits are likely to shift, with a focus on essential purchases. This could lead to a decline in demand for cellulose acetate used in a variety of consumer products like apparel and carpets. Infrastructure projects might also face delays or cancellations, further dampening the demand for cellulose acetate in construction materials like tapes and labels. The textile industry, a major consumer of cellulose acetate, could also experience a slowdown due to decreased demand for textiles, particularly luxury fabrics where cellulose acetate is sometimes used as a substitute for wool.
By Type
Plastics
Fiber
The fiber sub-segment holds the leading position in 2023. This dominance can be attributed to the surging demand for fiber-based cellulose acetate in the textile industry. This material is widely used in a variety of consumer goods, including apparel, carpets, linings, umbrellas, furniture, felts, and even cigarette filters. Cellulose acetate fiber stands out as a prominent synthetic fiber prized for its beautiful drape and affordability. Furthermore, staple acetate fibers, with their wool-like qualities, serve as a cost-effective substitute for wool in various knitwear and luxury fabrics. This widespread adoption in textiles is expected to propel the fiber segment's growth in the coming years.
By Application
Cigarette Filters
Tapes & Labels
Textiles & Apparel
Photographic Films
Others
The Cigarette filters Sub-segment currently holds the largest market share in 2023 by application, and this dominance is projected from cellulose acetate's exceptional filtering properties and its eco-friendly nature as a biodegradable material in the Cellulose Acetate Market . The increasing number of smokers in developing countries like India and China presents a potential growth opportunity for the cigarette filter segment. The increasing number of smokers in developing countries like India and China presents a potential growth opportunity for the cigarette filter segment.
The Asia pacific region holding the largest market share in 2023, and is projected to witness the fastest growth during the forecast period. This dominance is driven by several factors increasing use of cellulose acetate in various applications, including cigarette filters, textiles & apparel, photographic films, and tapes & labels, fuels market expansion. Strong government initiatives and ongoing infrastructure projects provide a tailwind for the APAC market. Europe secures the second-largest market share, primarily driven by the robust demand from its thriving textile industry. Germany currently holds the top spot within Europe for cellulose acetate consumption, while the UK exhibits the fastest growth rate, suggesting promising potential for the future.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players listed in the Cellulose Acetate Market are Solvay (Belgium), Celanese Corporation (U.S.), Daicel Corporation (Japan), Accords Cellulosic Fibers Inc. (U.S.), China National Tobacco Corporation (China), SK Chemicals (South Korea), Sappi (South Africa), Rayonier Advanced Materials (U.S.), Sichuan Push Acetate Co. Ltd.(China), Borregaard (Norway),Eastman Chemical Company (U.S.), Mitsubishi Chemical Holdings and other players.
In August 2023, Eastman Chemical Company, a key player in cellulose acetate production, revealed plans to develop a new, specialized grade of this material. This innovation is expected to hit the market in 2024, offering a material specifically formulated for 3D printing applications.
In November 2022, Celanese Corporation, a U.S. materials leader, acquired DuPont de Nemours Inc.'s Mobility & Materials division for $11 billion. This acquisition allows Celanese to streamline its offerings and focus resources on high-growth sectors. While DuPont, another U.S. chemical company, remains a prominent player in cellulose acetate production, this divestiture reflects their evolving focus.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.2 Billion |
| Market Size by 2031 | US$ 8.88 Billion |
| CAGR | CAGR of 4.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Plastics, Fiber) • By Application (Cigarette Filters, Tapes & Labels, Textiles & Apparel, Photographic Films, Others) |
| Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America |
| Company Profiles | Cerdia International GmbH, Sichuan Push Acetati Co Ltd, Rayonier Advanced Materials, Inc, Eastman Chemical Company, Celanese Corporation, Mitsubishi Chemical Holdings Corporation, China National Tobacco Corporation, Sappi Ltd, Rotuba Extruders, Inc, Daicel Corporation |
| DRIVERS | • Growing Textile and Apparel Industry Demand • Application of Technological Advancements • Growing Uses of Biodegradable Plastic in a Range of Industries |
| Restraints | • Declining Demand for Products in Markets Like Photographic Films and Cigarette Filters |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Due to the COVID-19 pandemic, the market for cellulose acetate is anticipated to experience a drop in 2020. The entire world has suffered because of this terrible illness, but mainly the APAC and European regions. Companies shut down their operations and production facilities, and the government stopped construction activity to stop the virus from spreading further. This has caused a decrease in the use of cellulose acetate across all applications.
Ans: Rise in Emerging Market Demand are the opportunity for Cellulose Acetate Market.
Ans: Growing Textile and Apparel Industry Demand, Application of Technological Advancements and Growing Uses of Biodegradable Plastic in a Range of Industries are the drivers for Cellulose Acetate Market.
Ans. The projected market size for the Cellulose Acetate Market is USD 8.88 Billion by 2031.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact Of Russia Ukraine War
5.2 Impact of Economic Slowdown
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa
10. Cellulose Acetate Market Segmentation, By Type
10.1 Introduction
10.2 Trend Analysis
10.3 Plastics
10.4 Fiber
11. Cellulose Acetate Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Cigarette Filters
11.4 Tapes & Labels
11.5 Textiles & Apparel
11.6 Photographic Films
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Cellulose Acetate Market by Country
12.2.3 North America Cellulose Acetate Market By Type
12.2.4 North America Cellulose Acetate Market By Application
12.2.5 USA
12.2.5.1 USA Cellulose Acetate Market By Type
12.2.5.2 USA Cellulose Acetate Market By Application
12.2.6 Canada
12.2.6.1 Canada Cellulose Acetate Market By Type
12.2.6.2 Canada Cellulose Acetate Market By Application
12.2.7 Mexico
12.2.7.1 Mexico Cellulose Acetate Market By Type
12.2.7.2 Mexico Cellulose Acetate Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Cellulose Acetate Market by Country
12.3.2.2 Eastern Europe Cellulose Acetate Market By Type
12.3.2.3 Eastern Europe Cellulose Acetate Market By Application
12.3.2.4 Poland
12.3.2.4.1 Poland Cellulose Acetate Market By Type
12.3.2.4.2 Poland Cellulose Acetate Market By Application
12.3.2.5 Romania
12.3.2.5.1 Romania Cellulose Acetate Market By Type
12.3.2.5.2 Romania Cellulose Acetate Market By Application
12.3.2.6 Hungary
12.3.2.6.1 Hungary Cellulose Acetate Market By Type
12.3.2.6.2 Hungary Cellulose Acetate Market By Application
12.3.2.7 Turkey
12.3.2.7.1 Turkey Cellulose Acetate Market By Type
12.3.2.7.2 Turkey Cellulose Acetate Market By Application
12.3.2.8 Rest of Eastern Europe
12.3.2.8.1 Rest of Eastern Europe Cellulose Acetate Market By Type
12.3.2.8.2 Rest of Eastern Europe Cellulose Acetate Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe Cellulose Acetate Market by Country
12.3.3.2 Western Europe Cellulose Acetate Market By Type
12.3.3.3 Western Europe Cellulose Acetate Market By Application
12.3.3.4 Germany
12.3.3.4.1 Germany Cellulose Acetate Market By Type
12.3.3.4.2 Germany Cellulose Acetate Market By Application
12.3.3.5 France
12.3.3.5.1 France Cellulose Acetate Market By Type
12.3.3.5.2 France Cellulose Acetate Market By Application
12.3.3.6 UK
12.3.3.6.1 UK Cellulose Acetate Market By Type
12.3.3.6.2 UK Cellulose Acetate Market By Application
12.3.3.7 Italy
12.3.3.7.1 Italy Cellulose Acetate Market By Type
12.3.3.7.2 Italy Cellulose Acetate Market By Application
12.3.3.8 Spain
12.3.3.8.1 Spain Cellulose Acetate Market By Type
12.3.3.8.2 Spain Cellulose Acetate Market By Application
12.3.3.9 Netherlands
12.3.3.9.1 Netherlands Cellulose Acetate Market By Type
12.3.3.9.2 Netherlands Cellulose Acetate Market By Application
12.3.3.10 Switzerland
12.3.3.10.1 Switzerland Cellulose Acetate Market By Type
12.3.3.10.2 Switzerland Cellulose Acetate Market By Application
12.3.3.11 Austria
12.3.3.11.1 Austria Cellulose Acetate Market By Type
12.3.3.11.2 Austria Cellulose Acetate Market By Application
12.3.3.12 Rest of Western Europe
12.3.3.12.1 Rest of Western Europe Cellulose Acetate Market By Type
12.3.2.12.2 Rest of Western Europe Cellulose Acetate Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia Pacific Cellulose Acetate Market by Country
12.4.3 Asia Pacific Cellulose Acetate Market By Type
12.4.4 Asia Pacific Cellulose Acetate Market By Application
12.4.5 China
12.4.5.1 China Cellulose Acetate Market By Type
12.4.5.2 China Cellulose Acetate Market By Application
12.4.6 India
12.4.6.1 India Cellulose Acetate Market By Type
12.4.6.2 India Cellulose Acetate Market By Application
12.4.7 Japan
12.4.7.1 Japan Cellulose Acetate Market By Type
12.4.7.2 Japan Cellulose Acetate Market By Application
12.4.8 South Korea
12.4.8.1 South Korea Cellulose Acetate Market By Type
12.4.8.2 South Korea Cellulose Acetate Market By Application
12.4.9 Vietnam
12.4.9.1 Vietnam Cellulose Acetate Market By Type
12.4.9.2 Vietnam Cellulose Acetate Market By Application
12.4.10 Singapore
12.4.10.1 Singapore Cellulose Acetate Market By Type
12.4.10.2 Singapore Cellulose Acetate Market By Application
12.4.11 Australia
12.4.11.1 Australia Cellulose Acetate Market By Type
12.4.11.2 Australia Cellulose Acetate Market By Application
12.4.12 Rest of Asia-Pacific
12.4.12.1 Rest of Asia-Pacific Cellulose Acetate Market By Type
12.4.12.2 Rest of Asia-Pacific Cellulose Acetate Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Cellulose Acetate Market by Country
12.5.2.2 Middle East Cellulose Acetate Market By Type
12.5.2.3 Middle East Cellulose Acetate Market By Application
12.5.2.4 UAE
12.5.2.4.1 UAE Cellulose Acetate Market By Type
12.5.2.4.2 UAE Cellulose Acetate Market By Application
12.5.2.5 Egypt
12.5.2.5.1 Egypt Cellulose Acetate Market By Type
12.5.2.5.2 Egypt Cellulose Acetate Market By Application
12.5.2.6 Saudi Arabia
12.5.2.6.1 Saudi Arabia Cellulose Acetate Market By Type
12.5.2.6.2 Saudi Arabia Cellulose Acetate Market By Application
12.5.2.7 Qatar
12.5.2.7.1 Qatar Cellulose Acetate Market By Type
12.5.2.7.2 Qatar Cellulose Acetate Market By Application
12.5.2.8 Rest of Middle East
12.5.2.8.1 Rest of Middle East Cellulose Acetate Market By Type
12.5.2.8.2 Rest of Middle East Cellulose Acetate Market By Application
12.5.3 Africa
12.5.3.1 Africa Cellulose Acetate Market by Country
12.5.3.2 Africa Cellulose Acetate Market By Type
12.5.3.3 Africa Cellulose Acetate Market By Application
12.5.3.4 Nigeria
12.5.3.4.1 Nigeria Cellulose Acetate Market By Type
12.5.3.4.2 Nigeria Cellulose Acetate Market By Application
12.5.3.5 South Africa
12.5.3.5.1 South Africa Cellulose Acetate Market By Type
12.5.3.5.2 South Africa Cellulose Acetate Market By Application
12.5.3.6 Rest of Africa
12.5.3.6.1 Rest of Africa Cellulose Acetate Market By Type
12.5.3.6.2 Rest of Africa Cellulose Acetate Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Cellulose Acetate Market by Country
12.6.3 Latin America Cellulose Acetate Market By Type
12.6.4 Latin America Cellulose Acetate Market By Application
12.6.5 Brazil
12.6.5.1 Brazil Cellulose Acetate Market By Type
12.6.5.2 Brazil Cellulose Acetate Market By Application
12.6.6 Argentina
12.6.6.1 Argentina Cellulose Acetate Market By Type
12.6.6.2 Argentina Cellulose Acetate Market By Application
12.6.7 Colombia
12.6.7.1 Colombia Cellulose Acetate Market By Type
12.6.7.2 Colombia Cellulose Acetate Market By Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Cellulose Acetate Market By Type
12.6.8.2 Rest of Latin America Cellulose Acetate Market By Application
13. Company Profiles
13.1 Solvay (Belgium)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Celanese Corporation (U.S.)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Daicel Corporation (Japan)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Accords Cellulosic Fibers Inc. (U.S.)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 China National Tobacco Corporation (China)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 SK Chemicals (South Korea)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Sappi (South Africa)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Rayonier Advanced Materials (U.S.)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Sichuan Push Acetate Co. Ltd.(China)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Borregaard (Norway)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases And Best Practices
16. Conclusion
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