Global Cellulose Acetate Market is expected to reach USD 5.7 billion by 2025, from USD 4.3 billion in 2017 growing at a CAGR of 6.9 % during the forecast period of 2018 to 2025. The Cellulose Acetate market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Cellulose Acetate is a thermo plastic polymer manufactured from natural cellulose.it is a non-flammable natural plastic with an extensive range of applications such as textile & apparel, photographic films, tapes & labels, cigarette filters, and so on. During manufacturing of cellulose acetate, natural cellulose reacts with acetic anhydride and produces cellulose acetate. It has various physical properties that make it is an ideal choice for many applications. These properties are transparency, toughness, high flexibility and high dielectric constant. Some of the major players operating in the market are
- Baker Hughes Incorporated
- The Dow Chemical Company
- SNF Group
Others: Chembond Chemicals Limited, SAMCO, VASU Chemicals, Johnson Matthey Fine Chemicals among others. The global cellulose acetate industry is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in Cellulose Acetate market.
- Rising number of cigarette consumers, preference for low tar cigarettes, and growing textile industry are projected to propel the growth of the.
- Major Key players have formulated strategic alliances, partnerships, and collaborations to fuel the growth of the market and sustain the competition.
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Major Market Drivers and Restraints:
- Rise in demand for cellulose acetate in Asia-Pacific
- Rising number of cigarette consumers
- Technological advancements
- Growth in emerging economies
- Increasing awareness regarding health risks associated with smoking.
Market Segmentation: Global Cellulose Acetate Market
The cellulose acetate market is segmented into type, end user and geography.
- Based on type the market is segmented into
- On the basis of application the market is classified into
- Cigarette filters
- Textiles & apparel
- Photographic films
- Tapes & labels
- Based on geography the global cellulose acetate market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-pacific and, middle east & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, turkey, Russia, china, India, south Korea, japan, Australia, Singapore, Saudi Arabia, south Africa and, brazil among others.
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