United States Cellulose Acetate Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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

Market Overview:

The United States cellulose acetate market is currently witnessing steady growth. Cellulose acetate refers to a polymer manufactured from the naturally occurring cellulose found in the plant cell walls. It is made up of repeating glucose units that have the formula C₆H₇O₂(OH)₃. For manufacturing cellulose acetate, natural cellulose is reacted with acetic acid and acetic anhydride, which are then ground to form a fine powder. Cellulose acetate is biodegradable and a green alternative for plastics used across the globe. It can be processed by dissolving in a solvent and spinning or casting and can also be processed by standard plastics processing techniques in compounded form. It is extensively used in the production of various products such as cigarette filters, films that are used in photographs, sheets, fashion accessories, pen barrels, spectacle frames, and combs.

The United States cellulose acetate market is primarily driven by a rise in the number of smokers. Cellulose acetate is utilized to produce cigarette filter tow as it helps remove tar and nicotine and maintains a favorable taste for the smoker. In the textile and apparel industry, cellulose acetate is used due to its softness, heat-resistance and comfort. It is also used in home furnishing products and as biodegradable plastic in a wide range of industries, which, in turn, is propelling the market growth. Moreover, the US government has banned single-use plastics to reduce pollution. This has led to an increasing inclination toward bioplastics, resulting in high demand for cellulose acetate. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States cellulose acetate market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and application.

Breakup by Application:

Cigarette Filters
LCD
Yarn
Coating, Plastics and Films

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Questions Answered in This Report:

How has the United States cellulose acetate market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States cellulose acetate market?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States cellulose acetate market and who are the key players?
What is the degree of competition in the industry?