The global Cellulose Acetate Market size was estimated at $ 5.52 billion in 2021 and supposed to reach $ 7.36 billion in 2026, at an annual rate of 7.12% between 2021 and 2026.
Several manufacturer companies are implementing massive strategies and funding to improve effective cellulose acetate cigarette filters and other applications. It is a natural plastic that is developed from purified natural cellulose. However, in primary form, it cannot be treated as a thermoplastic. For this, it must be dissolved in a solvent while in a compound form, it can be treated by normal techniques for the treatment of plastics. Cellulose acetate is broadly employed in photography as a film base, offerings coatings and as a material for spectacle frames.
Concentric LLC, a United States-based company, has come up with an innovative idea to shape the future. The company has designed a compostable cup which is grown using mushrooms and then a coat of cellulose acetate to finish the cups. The cup is made from a base organic material, mycelium organism and coat of cellulose acetate. This is proving to replace many of the current options of disposable glasses.
The main growth drivers identified in the global cellulose acetate market are the increased demand for cellulose acetate, growth in emerging economies and technological advances in various applications. The increased demand for natural plastic due to its properties, which include good toughness, glossy shine, glossy texture and high transparency, should stimulate market growth in the coming years. Furthermore, the material is perfectly suitable for textile application because it is comfortable and absorbent and can also be easily dyed in many different colors. All these factors are at the origin of its demand, driving the general growth of the market. The increasing demand for cellulose acetate due to the increasing demand for environmentally friendly, biodegradable, cost-effective and versatile cellulose acetate is an important factor that is supposed to stimulate growth in the world market for cellulose acetate during the prognosis period.
Also, the growing demand for pulp from the textile and clothing industry is another factor that should drive growth in the target market in the coming years. In addition, technological advances and the rising preference for cellulose acetate in applications in emerging economies are among some factors that are expected to stimulate growth in the potential market during the outlook period. The increase in high cigarette consumption worldwide is the main driver of the global cellulose acetate market. Growing demand from the textile and clothing industry, along with growing demand for cellulose acetate, is supposed to fuel market growth in the coming years. The increase in disposable income and the change to a modern lifestyle for consumers in developing countries is determined to rise the call for cigarettes, textiles and plastics, simultaneously affecting the market in a positive way.
Increased awareness of the health problems associated with smoking should be a major obstacle to the growth of the cellulose acetate market. Moreover, the government regulations that ban smoking in public along with the presence of alternatives like electronic cigarettes in is predicted to impede the growth potential in the worldwide market.
Increased industrialization is supposed to create immense growth potential for industry players in the global cellulose acetate market. This is due to the fact that increased industrialization will increase market demand for the product for various applications, which will push manufacturers to produce products in large quantities, thereby creating opportunities. The increasing adoption of advanced cellulose acetate to reduce vulnerability to toxic products during smoking is a factor that should create a lucrative opportunity for the growth of the global cellulose acetate market during the projection period.
Strict government rules and regulations regarding the health risks associated with smoking are some of the factors that may restrict demand for cellulose acetate and slow growth in the global cellulose acetate market during the assessment period.
Market Size Available
2020 – 2025
2021 - 2026
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Primester (US), Rotuba Extruders, Inc. (the US), Celanese Corporation (US), Albemarle Corporation (US), Rhodia GmbH & Solvay P & S GmbH (Germany), Mitsubishi Chemicals Corporation (Japan), Borregaard (Norway), China Tobacco (China), Tembec, Inc. (Canada), Sappi (South Africa), Daicel (Japan), Philip Morris International (US), Imperial Brands plc (UK), Eastman Chemical Company (US), SK Chemicals (South Korea), Buckeye Technologies, Inc. (US)
Cellulose Acetate Market Growth Based on Segmentation as per the research report until 2026.
Cellulose Acetate Market - By Type
Of the mentioned types the fiber segment has accounted for the largest share in the global cellulose acetate market. The evolving research resulting in the innovative use of fiber is the main reason for the growth of this segment. Also, the ease of availability of fiber and wide acceptability in tobacco industries are some other reasons for the projected growth of the fibers segment.
Cellulose Acetate Market - By Application
Textiles & Apparel
Tapes & Labels
Among the mentioned applications the Textiles & apparel is calculated to be the application with the fastest growth rate in the forecast period. Technological advancements and the rising demand in the textile industry is considered to be the reason for its rapid growth in the global cellulose acetate market. This segment is currently leading the cellulose acetate market and is anticipated to lead the market during the forecast period.
Cellulose Acetate Market - By Region
Middle-East & Africa
The Asia Pacific region is the leading the global cellulose acetate market both in terms of value and volume. The situation of manufacturing centers of significant market leaders is the leading cause of Asia’s dominance over the cellulose acetate market. The regional advantages offered by this region such as cheap labor and ease of resource availability is the primary reason for the interest of the key market participants to invest in this region. This makes the companies have higher profits as the production costs are minimized. The high potential in the Asia Pacific region for future opportunities caused due to the fast industrialization and urbanization mainly in countries like India, Japan, and China is the primary reason for its booming market values in the global cellulose acetate market.
North America is next in the lead for the global cellulose acetate market followed by Europe. The well-established companies which hold the majority of the market share are centered in North America. In other words, they have their headquarters in North America and manufacturing centers in the Asia Pacific region. On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Metallized film Market in these regions is slow growing in nature.
By the end of 2018 Primester (US), Rotuba Extruders, Inc. (the US), Celanese Corporation (US), Albemarle Corporation (US), Rhodia GmbH & Solvay P & S GmbH (Germany), Mitsubishi Chemicals Corporation (Japan), Borregaard (Norway), China Tobacco (China), Tembec, Inc. (Canada), Sappi (South Africa), Daicel (Japan), Philip Morris International (US), Imperial Brands plc (UK), Eastman Chemical Company (US), SK Chemicals (South Korea), Buckeye Technologies, Inc. (US), and Rayonier Inc. (US) are the leading shareholders of the Global Cellulose Acetate Market. There is a constant competition between these companies regarding the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1. Y-o-Y Growth Analysis, By Type
5.1. Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.2 Cigarette Filters
5.2.3 Textiles & Apparel
5.2.4 Photographic Films
5.2.5 Tapes & Labels
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Application
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Application
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Rotuba Extruders, Inc.
8.4 Celanese Corporation
8.5 Albemarle Corporation
8.6 Rhodia GmbH & Solvay P & S GmbH
8.7 Mitsubishi Chemicals Corporation
8.9 China Tobacco
8.10 Tembec, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by Type, by Application, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Cellulose Acetate Market By Region, From 2021-2026(USD Billion)
Global Cellulose Acetate Market By Type, From 2021-2026(USD Billion)
Global Fiber Market By Region, From 2021-2026(USD Billion)
Global Plastic Market By Region, From 2021-2026(USD Billion)
Global Cellulose Acetate Market By Application, From 2021-2026(USD Billion)
Global Cigarette Filters Market By Region, From 2021-2026(USD Billion)
Global Textiles & Apparel Market By Region, From 2021-2026(USD Billion)
Global Photographic Films Market By Region, From 2021-2026(USD Billion)
Global Tapes & Labels Market By Region, From 2021-2026(USD Billion)
Global Others Market By Region, From 2021-2026(USD Billion)