The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global cellulose acetate market reached a value of US$ 4.02 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 4.47 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cellulose acetate is a chemical product produced by the reaction of cellulose with acetic acid and acetic anhydride in the presence of a catalyst (sulphuric acid). Cellulose acetate is biodegradable and is used as a replacement of plastics in various industries. The product is primarily used in the production of cigarette filter tow, as it helps in removing tar and nicotine while maintaining favorable taste to the smoker.
Rising number of smokers, particularly in emerging markets such as China and India represents a key factor driving the market. Some of the other major drivers include its rising demand in textiles and apparels, growing usage of cellulose acetate in home furnishing products and its rising application as a biodegradable plastic in various other industries. The industry, however, faces some challenges as well. This includes its declining demand in photographic films and in its major end-application i.e. cigarette filters as a result of the rising awareness on the negative health impacts of smoking.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cellulose acetate market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on application.
Breakup by Application
Cigarette filters currently represent the largest application segment.
Breakup by Region
Region-wise, Asia Pacific currently represents the biggest market.
The report has also examined the competitive landscape of the Global Cellulose Acetate market. Some of the major players include: Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Rayonier Advanced Materials Inc., Sappi Limited, etc.
|Base Year of the Analysis||2020|
|Units||‘000 Tons, US$ Billion|
|Segment Coverage||Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Rayonier Advanced Materials Inc. and Sappi Limited|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global cellulose acetate market was valued at US$ 4.02 Billion in 2020.
The extensive usage of cellulose acetate in the production of cigarette filter tow as it helps in removing tar and nicotine while maintaining favorable taste, is currently driving the global cellulose acetate market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of end-use industries for cellulose acetate.
Based on the application, the global cellulose acetate market can be divided into cigarette filters, LCD, yarn, and coating, plastics and films. Among these, cigarette filters currently represent the largest segment.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global cellulose acetate market include Eastman Chemical Company, Solvay Group, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials, Sappi Limited, etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at