USD 5.24 billion
Cellulose Acetate Market Size, Share, Growth Analysis, By Product type,(Fiber Grade Cellulose Acetate, Film Grade Cellulose Acetate, and Molding Grade Cellulose Acetate), By Application(Cigarette Filters, Textiles, Film & Sheet, Photographic Films), By Processing Method(Acetate Flakes, and Acetate Tow), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2391 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
94
|Figures:
76
Cellulose Acetate Market Insights
Global Cellulose Acetate Market size was valued at USD 5.24 billion in 2022 and is poised to grow from USD 5.49 billion in 2023 to USD 7.92 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
In recent years, the global Cellulose Acetate market has experienced an extensive boom, pushed through its various applications across various industries. Cellulose Acetate, a spinoff of herbal cellulose, reveals good sized use inside the production of cigarette filters, textiles, films, and various purchaser items. Its biodegradable and green nature contributes to its recognition in sustainable packaging answers.
The pharmaceutical and car sectors additionally make contributions to the market's boom, with Cellulose Acetate being applied in packages together with drug shipping systems and automotive interiors. Additionally, improvements in production tactics and the increasing demand for environmentally pleasant substances keep to shape the Cellulose Acetate market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fiber Grade
Fastest Growth
Film Grade
Growth Rate
4.7% CAGR
Global Cellulose Acetate Market ($ Bn)
Country Share for Asia Pacific Region (%)
To get more reports on the above market click here to Buy The Report
Cellulose Acetate Market Segmental Analysis
The global Cellulose Acetate market is segmented into four major segments i.e. by Product Type, Application, Processing Method, and region. Based on Type, it is divided into Fiber Grade Cellulose Acetate, Film Grade Cellulose Acetate, Molding Grade Cellulose Acetate. Based on Application, it is bifurcated as Cigarette Filters, Textiles, Film & Sheet, Photographic Films, Extrusion & Molding Products, Coatings & Inks, Others (Including Electronics, Pharmaceuticals). Based on the Processing Method it is segregated into Acetate Flakes, Acetate Tow. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa..
Analysis by Type
Fiber Grade Cellulose Acetate is probable to dominate the marketplace. This dominance may be attributed to its tremendous utility within the fabric and clothing enterprise. The demand for fiber-grade cellulose acetate within the production of textiles, together with yarns and fabrics, is large, using its dominance inside the usual market.
Film Grade Cellulose Acetate is poised for a fast boom. This is driven via the growing demand for sustainable and green packaging solutions. Film-grade cellulose acetate's biodegradable nature makes it a favored desire for environmentally aware packaging programs, contributing to its speedy-paced market growth.
Analysis by Distribution Channel
The cigarette filters software phase is likely to dominate the Cellulose Acetate market. This dominance is attributed to the huge use of cellulose acetate inside the production of cigarette filters. Its acceptable houses, consisting of excessive filtration performance and structural integrity, make it a desired cloth in the tobacco industry.
The packaging application segment is poised for rapid growth. The increasing emphasis on sustainable and biodegradable packaging solutions fuels the demand for cellulose acetate in packaging substances. Its green houses and versatility make a contribution to its adoption in diverse packaging packages.
Global Cellulose Acetate Market By Type
To get detailed analysis on other segments, Request For Free Sample Report
Cellulose Acetate Market Regional Insights
Asia-Pacific is poised to dominate the Cellulose Acetate marketplace. The vicinity's dominance is driven by the big presence of key industries, together with textiles, packaging, and electronics, where cellulose acetate reveals widespread applications. Rapid industrialization, population growth, and increasing purchaser call for merchandise utilising cellulose acetate contribute to the area's market dominance.
Latin America is expected to be the quickest-growing region. The place's increase is fueled via the growing adoption of eco-friendly and sustainable substances in industries like textiles, packaging, and prescribed drugs. The demand for cellulose acetate in these applications, coupled with a growing cognizance of environmental sustainability, contributes to the location's fast market growth.
Global Cellulose Acetate Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Cellulose Acetate Market Dynamics
Drivers
Increasing Demand in the Textile Industry
- The increasing demand of the textile industry is driving the market forward, as cellulose acetate is widely used in fiber manufacturing, if not for its combined durability and comfort, packaging materials are gaining the increase is a key driver of its biodegradable and environmentally friendly More and more demands are being made, with consumer demand for packaging solutions that will continue permanent existence meets.
Restraints
High Fluctuation in the Cost
- One of the major market constraints is the volatility of raw material prices, especially wood chips. Cellulose acetate as a derivative of natural cellulose is sensitive to price and availability fluctuations of its primary sources, affecting production costs, and subsequent market development affecting regulatory challenges if it prevents backlash, including changing environmental standards that require industry players to constantly adapt.
Request Free Customization of this report to help us to meet your business objectives.
Cellulose Acetate Market Competitive Landscape
The competitive landscape of the Cellulose Acetate market is dynamic and characterized by a mix of established players and emerging competitors, contributing to a dynamic and growing industry environment. Market leading companies actively participate in various schemes such as mergers, acquisitions and collaborations to strengthen their market presence and enhance their products Prominent manufacturers with their R&D the extensive capacity is used to introduce reformed cellulose acetate, which is used in a variety of textile, packaging and boro applications
Top Player’s Company Profiles
- Celanese Corporation (US)
- Eastman Chemical Company (US)
- Chongqing Huacheng Chemical Co., Ltd. (China)
- Sanyo Kasei Corporation (Japan)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Nippon Gohsei Corporation (Japan)
- Hubei Sanmu Chemical Co., Ltd. (China)
- Shenzhen Chenguang Huafeng New Materials Co., Ltd. (China)
- Shaoxing Shengda Cellulose Acetate Co., Ltd. (China)
- Shandong Sunliang Chemical Co., Ltd. (China)
- Chongqing Sanmu Chemical Co., Ltd. (China)
- Sichuan Xinde Chemical Co., Ltd. (China)
- Jiangsu Sailon Chemical Industry Co., Ltd. (China)
- Fujifilm Corporation (Japan)
- Acetatos de Celulosa Española, S.A. (Spain)
- Daicel Corporation (Japan)
- Shenzhen Huamao Chemical Co., Ltd. (China)
- Shanxi Guangwei Chemical Co., Ltd. (China)
- Jilin Chemical Industry Group Co., Ltd. (China)
- Shandong Xinfeng Chemical Co., Ltd. (China)
Recent Developments
- September 2023: IMCD India has signed an agreement to purchase two business lines from CJ Shah & Company. These trades include cellulose acetate butyrate, compounds, polyolefin polymers, and a variety of chemicals with primary applications in paints, coatings, adhesives, and life sciences
- September 2023: Celanese Corporation (NYSE:CE), a global specialty chemicals company, raised its stake in Mitsui & Co., Ltd. by 5.3% in the first quarter. (NASDAQ:MISU) by 0.1% during the 1st quarter. successfully completed the establishment of the Food Ingredients joint venture (JV) Nutrinova Celanese transferred assets, technology and personnel from the food ingredients business to the JV, retaining a 30 percent stake.Mitsui acquired 100 shares each of the remaining 70 shares for $472.5 million, implying a company value of 15 times 2022 EBITDA.
- In August 2023 A major producer of cellulose acetate, Eastman Chemical Company, said that it will create a new grade of cellulose acetate especially for use in 3D printing. This new grade of cellulose acetate is expected to be widely accessible in commercial volumes by 2024.
Cellulose Acetate Key Market Trends
- Rising Consumer Preferences and Sustainability Considerations: The enterprise's reaction to evolving client preferences and sustainability issues. One prominent fashion is the growing emphasis on sustainable and green practices, with a growing demand for cellulose acetate as a biodegradable alternative in numerous programs, which include packaging and textiles. Technological improvements are using innovations in cellulose acetate production processes, selling electricity efficiency and decreased environmental effect.
Cellulose Acetate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Cellulose Acetate marketplace analysis exhibits a dynamic marketplace with a number of standout tendencies and problems. The market is propelled by means of sturdy demand from the textile and packaging sectors, driven by its durability and eco-friendly characteristics. However, the industry grapples with raw fabric value fluctuations and regulatory demanding situations.
Fiber-grade Cellulose Acetate dominates, pushed with the aid of the textile enterprise. Asia-Pacific leads the marketplace because of business boom, whilst Latin America emerges as the fastest-growing area, buoyed by using sustainability trends. Key traits encompass a focus on sustainable practices, technological advancements, and expanding programs in electronics and prescription drugs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.24 billion |
| Market size value in 2031 | USD 7.92 billion |
| Growth Rate | 4.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cellulose Acetate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cellulose Acetate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cellulose Acetate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cellulose Acetate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cellulose Acetate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cellulose Acetate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
