According to a recent report by Reports and Data, the global demand for cellulose acetate is expected to hit USD 6.33 trillion by 2026. A semi-synthetic compound that is derived from distilled natural cellulose is cellulose acetate. Normal cellulose reacts with acetic anhydride when producing this semi-synthetic compound. Wood pulp and cotton linen are the main suppliers of natural cellulose. Growing industrialization, which presents massive opportunities for business growth, the expanding garment and apparel industries in the Asia Pacific region and technical advancement related to cellulose acetate are some of the prominent market trends.
A growing number of tobacco users worldwide will bring traction to the demand for cellulose acetate. Penchant adds to the cellulose acetate demand growth for low tar cigarettes with longer cigarette filters by customers. The expanded use of cellulose acetate as a silk alternative is expected to fuel demand development.
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Such factors create business growth potential, while factors such as raw material price fluctuations and tight regulations face market restrictions.
There is a relatively younger demographic in the Asia Pacific zone, and this young population’s buying capacity is also growing. A substantial share of the global market is owned by China and India. These countries make up more than 40 percent of the world’s population, and the use of cellulose acetate in clothing and cigarette filters will rise at a very high rate.
Over the projected era, the Asia Pacific region is forecast to rise at a CAGR of 6.1 percent. It is anticipated that rising industrialization with cheap labour supply and the development of the textile industry in the area will lead to the growth of the cellulose acetate market in the coming years.
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Key participants in the cellulose acetate market include:
Eastman Chemical Company
Solvay
Celanese Corporation
China National
Tobacco Corporation
Daicel Corporation
Acordis Cellulostic Fibers
Mitsubishi Chemical
Holdings Corporation
Sichuan Push Acetati Co., Ltd.
Rayonier Advanced Materials
Sappi
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Cellulose Acetate Market: Segmentation
For the purpose of this report, Reports and Data has segmented into the global Cellulose Acetate market on the basis of type, product type, application, and region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017–2027)
Fiber
Plastic
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017–2027)
Cellulose Acetate Tow
Cellulose Acetate Flakes
Cellulose Acetate Filament
Others
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017–2027)
Cigarette Filters
Textile & Apparel
Photographic Films
Tapes & Labels
Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017–2027)
North America
Europe
Asia Pacific
MEA
Latin America
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