United States Cellulose Acetate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Cellulose Acetate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3061
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Market Overview:

The United States cellulose acetate market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028. 

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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States cellulose acetate market report, along with forecasts at the country and regional levels from 2023-2028. Our report has categorized the market based on 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Application, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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)

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 are the key regional markets?
  • 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?

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United States Cellulose Acetate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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