IMARC Group, a leading Market research company, has recently releases report titled “Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global Cellulose Acetate Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the cellulose acetate market?

The global cellulose acetate market size reached 1.9 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2027, exhibiting a growth rate (CAGR) of 3.67% during 2022-2027.

What is cellulose acetate?

Cellulose acetate is a polymer manufactured by reacting natural cellulose with acetic anhydride and acetic acid in the presence of sulfuric acid (catalyst). It is biodegradable and widely used as a green alternative for plastics in various industries. It is primarily used to produce cigarette filters as it aids in smoke filtration by reducing tar and nicotine. Cellulose acetate also finds applications in photographic films, fashion accessories, tapes, coatings and diapers.

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Market Trends:

The global cellulose acetate market is primarily driven by the increasing number of smokers and the growing inclination toward bioplastics. Additionally, the rising awareness regarding the adverse effects of prolonged exposure to tobacco smoke has escalated the demand for low tar cigarettes with longer filters, thereby contributing to the market growth. Furthermore, the widespread product adoption in the apparel and textile industry as an affordable silk fiber substitute has catalyzed the market growth. Other factors, including several product innovations, rapid industrialization, and stringent regulations against single-use plastics, are also anticipated to propel the market growth.

Cellulose Acetate Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:                                   

The competitive landscape of the cellulose acetate market has been studied in the report with the detailed profiles of the key players operating in the market.

Cellulose Acetate Market Key Players:

Eastman Chemical Company (NYSE: EMN)
Solvay (OTCMKTS: SLVYY)
Celanese Corporation (NYSE: CE)
Daicel Corporation (TYO: 4202)
China National Tobacco Corporation
Mitsubishi Chemical Holdings
Sichuan Push Acetati Co.,Ltd
Rayonier Advanced Materials Inc.
Sappi Limited

Cellulose Acetate Market Segmentation:

The report has segmented the cellulose acetate market on the basis of application and region.

Breakup by Application:

Ciggeraette Filters
LCD
Yarn
Coatings, Plastics and Films
Price Analysis

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Explore Full Report Description At: https://www.imarcgroup.com/cellulose-acetate-market

Key highlights of the report:               

Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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