The cellulose acetate market is witnessing steady growth due to its widespread applications in cigarette filters, textiles, and packaging. Its eco-friendly and biodegradable properties make it an attractive choice in sustainable packaging. Additionally, it is used in fabrics for its silky texture and in consumer goods like eyeglass frames. Increased focus on reducing plastic waste and innovations in cellulose-based materials further propel market expansion.
Global Cellulose Acetate Market size and share is currently valued at 1,276.16 kiloton in 2023 and is anticipated to generate an estimated revenue of 1,921.14 kiloton by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Cellulose Acetate Market – Key Trends and Drivers
- Rising Demand in Cigarette Filters: Dominant application due to its effective filtration properties.
- Increased Use in Textiles: Growing adoption in fabrics for its lightweight and silky texture.
- Expansion in Packaging Industry: Use in sustainable packaging materials aligns with environmental regulations.
- Advancements in Biodegradable Materials: Preference for eco-friendly cellulose acetate in various applications like films and coatings.
- Growing Cosmetic and Personal Care Applications: Utilized in hairbrush bristles, eyeglass frames, and other consumer goods.
- Biosynth Carbosynth
- Carbomer, Inc
- Celanese Corporation
- Cerdia
- Chemos
- Daicel corporation
- Dongguan He-Hong Plastic Co Ltd
- Eastman Chemical Company
- Mitsubishi Chemical Group Corporation
- Rotuba
- Sappi
- Sichuan Push Acetate Co., Ltd.
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Cellulose Acetate market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Cellulose Acetate Market Segmentation:
The cellulose acetate market is segmented by type, application, and region. By type, the market includes cellulose acetate flakes, filaments, and others. Cellulose acetate flakes dominate due to their widespread use in cigarette filters and textile applications. By application, the major segments are cigarette filters, textiles, packaging, and others. The cigarette filter segment holds the largest share, driven by the widespread use of cellulose acetate in tobacco products. By region, Asia-Pacific is the largest market, due to the significant consumption of cigarette filters and textiles, particularly in China and India. North America and Europe follow, driven by demand in high-end textiles and packaging applications.
Cellulose Acetate Market, Type Outlook (Revenue – USD Kiloton, 2019-2032)
- Fiber
- Plastics
Cellulose Acetate Market, Application Outlook (Revenue – USD Kiloton, 2019-2032)
- Cigarette Filters
- Textiles & Apparel
- Photographic Films
- Tapes & Labels
- Others
Cellulose Acetate Industry Developments:
August 2023: Eastman Chemical Company, a major player in cellulose acetate production, announced plans to develop a new grade of cellulose acetate specifically designed for 3D printing applications. This innovative material is expected to be available in commercial volumes by 2024, marking a significant step in expanding the material’s use in additive manufacturing.
July 2023: Mitsubishi Chemical Group, Masdar, and INPEX unveiled plans to establish the world’s first commercial-scale polypropylene production facility powered by CO2 and green hydrogen. This groundbreaking initiative aims to reduce carbon emissions in the production of polypropylene, driving sustainability in the plastics industry.
April 2023: Eastman Chemical Co revealed its intention to launch additional products in the coming years, further strengthening its market presence in the region. This move is part of Eastman’s broader strategy to expand its product portfolio and enhance its competitive position in key markets.
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