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Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

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  
  • LCD  
  • Yarn
  • Coating, Plastics and Films


Cigarette filters currently represent the largest application segment.

Breakup by Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


Region-wise, Asia Pacific currently represents the biggest market.

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Physical Properties
    4.3    Chemical Properties
    4.4    Key Industry Trends
5    Global Cellulose Acetate Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Market Breakup by Region
        5.4.1    Asia Pacific
           5.4.1.1    Market Trends
           5.4.1.2    Market Forecast
        5.4.2    North America
           5.4.2.1    Market Trends
           5.4.2.2    Market Forecast
        5.4.3    Europe
           5.4.3.1    Market Trends
           5.4.3.2    Market Forecast
        5.4.4    Middle East and Africa
           5.4.4.1    Market Trends
           5.4.4.2    Market Forecast
        5.4.5    Latin America
           5.4.5.1    Market Trends
           5.4.5.2    Market Forecast
    5.5    Market Breakup by Application
        5.5.1    Cigarette Filters 
           5.5.1.1    Market Trends
           5.5.1.2    Market Forecast
        5.5.2    LCD
           5.5.2.1    Market Trends
           5.5.2.2    Market Forecast
        5.5.3    Yarn 
           5.5.3.1    Market Trends
           5.5.3.2    Market Forecast
        5.5.4    Coatings, Plastics and Films
           5.5.4.1    Market Trends
           5.5.4.2    Market Forecast
    5.6    Price Analysis
        5.6.1    Price Indicators
        5.6.2    Price Structure
        5.6.3    Price Trends
        5.6.4    Price Forecast
    5.7    Market Forecast
6    SWOT Analysis
    6.1    Overview
    6.2    Strengths
    6.3    Weaknesses
    6.4    Opportunities
    6.5    Threats
7    Value Chain Analysis
    7.1    Raw Material
    7.2    Cellulose Acetate Manufacturers
    7.3    Distributors
    7.4    Exporters
    7.5    End Users
8    Porter’s Five Forces Analysis
    8.1    Bargaining Power of Suppliers
    8.2    Bargaining Power of Buyers
    8.3    Threat of New Entrants
    8.4    Degree of Rivalry
    8.5    Threat of Substitutes
9    Trade Data
    9.1    Imports 
    9.2    Exports 
10    Cellulose Acetate Manufacturing Process
    10.1    Product Overview
    10.2    Chemical Reactions Involved
    10.3    Detailed Process Flow
    10.4    Raw Material Requirement
    10.5    Mass Balance and Feedstock Conversion Rate
    10.6    Key Market Drivers and Success Factors
11    Cellulose Acetate: Feedstock Analysis
    11.1    Cellulose
        11.1.1    Market Analysis
        11.1.2    Price Analysis
        11.1.3    Market Forecast
    11.2    Acetic Acid
        11.2.1    Market Analysis
        11.2.2    Price Analysis
        11.2.3    Market Forecast
    11.3    Key Feedstock Suppliers
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Key Player Profiles
        12.3.1    Eastman Chemical Company
        12.3.2    Solvay
        12.3.3    Celanese Corporation
        12.3.4    Daicel Corporation
        12.3.5    China National Tobacco Corporation
        12.3.6    Mitsubishi Chemical Holdings
        12.3.7    Sichuan Push Acetati Co.,Ltd
        12.3.8    Rayonier Advanced Materials Inc.
        12.3.9    Sappi Limited

List of Figures

Figure 1: Global: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 - 2020
Figure 2: Global: Cellulose Acetate Market: Value Trends (in Billion US$), 2015 - 2020
Figure 3: Global: Cellulose Acetate Market: Breakup by Region (in %), 2020
Figure 4: North America: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 5: North America: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 6: Asia Pacific: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 7: Asia Pacific: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 8: Europe: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 9: Europe: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 10: Latin America: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 11: Latin America: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 12: Middle East and Africa: Cellulose Acetate Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 13: Middle East and Africa: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 14: Global: Cellulose Acetate Market: Breakup by Application (in %), 2020
Figure 15: Global: Cellulose Acetate Market (Cigarette Filters): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 16: Global: Cellulose Acetate Market Forecast (Cigarette Filters): Volume Trends (in ‘000 Tons), 2021-2026
Figure 17: Global: Cellulose Acetate Market (LCD): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 18: Global: Cellulose Acetate Market Forecast (LCD): Volume Trends (in ‘000 Tons), 2021-2026
Figure 19: Global: Cellulose Acetate Market (Yarn): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 20: Global: Cellulose Acetate Market Forecast (Yarn): Volume Trends (in ‘000 Tons), 2021-2026
Figure 21: Global: Cellulose Acetate Market (Coating, Plastics and Films): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 22: Global: Cellulose Acetate Market Forecast (Coating, Plastics and Films): Volume Trends (in ‘000 Tons), 2021-2026
Figure 23: Cellulose Acetate Market: Average Price Trends (in US$/Ton), 2015 & 2020
Figure 24: Cellulose Acetate Market: Average Price Forecast (in US$/Ton), 2021-2026
Figure 25: Global: Cellulose Acetate Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 26: Global: Cellulose Acetate Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 27: Global: Cellulose Acetate Industry: SWOT Analysis
Figure 28: Global: Cellulose Acetate Industry: Value Chain Analysis
Figure 29: Global: Cellulose Acetate Industry: Porter’s Five Forces Analysis
Figure 30: Global: Cellulose Acetate Market: Import Breakup by Country (in %), 2019
Figure 31: Global: Cellulose Acetate Market: Export Breakup by Country (in %), 2019
Figure 32: Cellulose Acetate Manufacturing: Detailed Process Flow
Figure 33: Global: Cellulose Market: Volume Trends (in Million Tons), 2015, 2020 & 2026
Figure 34: Global: Cellulose Market: Average Price Trends (in US$/Ton), 2015 & 2020
Figure 35: Global: Cellulose Market Forecast: Average Prices Trends (in US$/Ton), 2021-2026
Figure 36: Global: Acetic Acid Market: Volume Trends (in Million Tons), 2015, 2020 & 2026
Figure 37: Global: Acetic Acid Market: Average Price Trends (in US$/Ton), 2015 & 2020
Figure 38: Global: Acetic Acid Market Forecast: Average Price Trends (in US$/Ton), 2021-2026

List of Tables    
    
Table 1: Cellulose Acetate: Physical Properties
Table 2: Global: Global: Cellulose Acetate Market: Key Industry Highlights, 2020 and 2026
Table 3: Global: Cellulose Acetate Market: Import Data by Country, 2019
Table 4: Global: Cellulose Acetate Market: Export Data by Country, 2019
Table 5: Global: Cellulose Acetate: Manufacturing Process: Raw Material Requirements
Table 6: Global: Cellulose: Key Suppliers
Table 7: Global: Acetic Acid: Key Suppliers
Table 8: Global: Cellulose Acetate Industry: Market Structure
Table 9: Global: Cellulose Acetate Market: Key Players

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Key Question Answered in this Report

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.

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