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Cellulose Acetate Market

Cellulose Acetate Market Size ans Segment By Type (Plastics, Fiber) By Application (Cigarette Filters, Tapes & Labels, Textiles & Apparel, Photographic Films, Others), by Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2387 | July 2022 | Region: Global | 131 Pages

Report Scope & Overview:

Cellulose Acetate Market Size was valued at USD 5.2 billion in 2021, and is expected to reach USD 7.33 billion by 2028, and grow at a CAGR of 4.9% over the forecast period 2022-2028.

When cellulose reacts with acetic acid and acetic anhydride in the presence of a catalyst, the resultant compound is cellulose acetate. Biodegradable cellulose acetate is utilized in a number of sectors to replace plastic. Since it assists in eliminating tar and nicotine while preserving good test for the smoker, the substance is largely utilized in the creation of cigarette filters. The primary element driving the market is an increase in smokers, particularly in developing nations like China and India. Other significant factors are the growing need for cellulose acetate in textiles and apparel, the expanding usage of the material in home furnishings, and the growing demand for it as a biodegradable plastic in a variety of other industries. However, there are certain difficulties for the sector.

Cellulose Acetate Market Revenue Graph

Market Dynamics:

Drivers:

  • Growing Textile and Apparel Industry Demand

  • Application of Technological Advancements

  • Growing Uses of Biodegradable Plastic in a Range of Industries

  • An increase in industrialization presents opportunities for market expansion

Restraints:

  • Declining Demand for Products in Markets Like Photographic Films and Cigarette Filters

Opportunity:

  • Rise in Emerging Market Demand

Challenge:

  • Price volatility for raw materials

  • strict laws and regulation

Impact of Covid-19:

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.

Demand for cellulose acetate has decreased as a result of COVID-19 and pre-existing regulatory concerns like drawn-out permitting procedures. However, it is anticipated that in 2021, cellulose acetate consumption would increase. China was the first nation to be impacted by COVID-19, which caused a disruption in the supply chain for cellulose acetate globally and curtailed industrial activity in a number of end-use industries. The demand for cellulose acetate has increased as a result of the textile and garment, cigarette, and other industries having resumed manufacturing activities and being expected to quickly recover from the effects.

Key Players:

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

Market Segment:

By Type

  • Plastics

  • Fiber

By Application

  • Cigarette Filters

  • Tapes & Labels

  • Textiles & Apparel

  • Photographic Films

  • Others

Cellulose Acetate Market Segment Pie Chart

Regional Analysis:

Asia Pacific, Europe, and North America are the three regions that make up the cellulose acetate market. The majority of shares are in the Asia Pacific, a crucial region. The necessity in the textile market is one of the demand-roving market elements. Additionally, this region produces more biodegradable plastics than other regions. This expands the market's potential for rapid expansion.

The second-largest market with the fastest growth is Europe. High demand will be generated in this market as the textile and apparel industries expand. The European cellulose acetate market has a higher turnover than markets in other continents.The next-largest market is found in North America. In this area, the presence of important players is quite important. A remarkable development is brought on by the rising demand for cellulose acetate in the textile and food packaging industries. The textile sector in Latin America is seeing growing demand. Latin America, specifically Peru, Brazil, Mexico, and Columbia, is a major contributor to the area.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Cellulose Acetate Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 5.2 Billion
Market Size by 2028 US$ 7.33 Billion
CAGR CAGR of 4.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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


Frequently Asked Questions (FAQ) :

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: Cellulose Acetate Market Size was valued at USD 5.2 billion in 2021, and expected to reach USD 7.33 billion by 2028, and grow at a CAGR of 4.9 % over the forecast period 2022-2028.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Cellulose Acetate Market Segment, By Type

8.1 Plastics

8.2 Fiber

 

9.Cellulose Acetate Market Segment, By Application

9.1 Cigarette Filters

9.2 Tapes & Labels

9.3 Textiles & Apparel

9.4 Photographic Films

9.5 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profile

11.1  Cerdia International GmbH

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Sichuan Push Acetati Co Ltd

11.3 Rayonier Advanced Materials, Inc

11.4 Eastman Chemical Company

11.5 Celanese Corporation

11.6 Mitsubishi Chemical Holdings Corporation

11.7 China National Tobacco Corporation

11.8 Sappi Ltd

11.9 Rotuba Extruders, Inc

11.10 Daicel Corporation

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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