In its latest report on Cellulose Acetate Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Global Cellulose Acetate Market is valued at USD 4.28 Billion in 2019 and expected to reach USD 5.72 Billion by 2026 with the CAGR of 4.95% over the forecast period.
Scope of Global Cellulose Acetate Market Report–
Cellulose acetate is a natural plastic is prepared from purified natural cellulose. In the manufacturing process of Cellulose Acetate, natural cellulose is reacted with acetic anhydride to produce Cellulose Acetate, which comes out in a flake form. This flake is then ground to a fine powder. Commercially, cellulose acetate is made from processed wood pulp. The pulp is processed using acetic anhydride to form acetate flake from which products are made. Hence, the coming from wood pulp means that unlike most man-made fibres, it comes from a renewable resource and is biodegradable. The cellulose acetate is used as a film base in photography, as a component in some coatings, and as a frame material for eyeglasses. It is also used as a synthetic fiber in the manufacture of cigarette filters and playing cards. This tow is widely used in manufacturing of cigarette filters that reduces overall tar and nicotine intake during cigarette consumption. The cellulose acetate growing adoption of the tow in the cigarette is expected to boost the market as it is comparatively more efficient than cotton, paper, and polypropylene.
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Additionally, the cellulose acetate is a high performance thermoplastic used for many applications owing to its unique combination of properties such as high transparency and aesthetic appeal good chemical resistant, high impact and mechanical strength high dielectric constant, excellent machine ability, and compatibility with human skin.This cellulose acetate fiber is used in clothing and related accessories. These fibers are used in women’s formal wear, nightgowns, knitwear, one-piece, coats, accessories in Japanese dresses, etc. Furthermore, they are also used in neckties, scarves and sweaters. Due to its thermo elasticity they are also used in pleat skirts as well. Cellulose acetate fiber is also used in the cigarettes, wherein they are used for producing citrate filters. Due to the quick drying and ideal water absorption tendency, cellulose acetate fibers are used in the making of umbrellas and rain suits. The cellulose acetate (CA) was the first high performance asymmetric membranecellulose acetate (CA) and its derivatives are suitable as membrane materials because of the advantages such as moderate flux, high salt rejection properties, cost effectiveness, relatively easy manufacture, renewable resource of raw material and non-toxicity.
Global Cellulose AcetateMarket report is segmented on the basis of type, application, and by region& country level. Based on type, global cellulose acetate market is classified as the fiber and plastic. Based upon application, global cellulose acetateis classified into Cigarette filters, textiles & apparel, photographic films and tapes & labels.
The regions covered in this Global Cellulose Acetate Marketreport are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Global Cellulose Acetate Marketis sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Cellulose Acetate Drug Market Reports-
Some major key players for Global Cellulose Acetate Drug Market are Eastman Chemical Company, Solvay, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulostic Fibers, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials, Sappi and others.
Cellulose Acetate and Producing Method Therefore in Patent Application Approval Process (USPTO 20190218312): Daicel Corporation.
June 17th, 2019:The news reporter staff news Editor at Japan daily report a patent application by the inventors TSUDA, Maiko,HIGUCHI, Akihiro filed was made available online according to news reporting originating from Washington, D.C. by NewsRx correspondents. This patent application is assigned to Daicel Corporation (Osaka-shi, Osaka, Japan). Hence, the subsequent quote was obtained by the news editors from the background information supplied by the inventors Cellulose derivatives such as cellulose acetate (particularly cellulose triacetate) have been used as materials for various photographic materials and optical films because they have high optical isotropy, and are excellent in toughness and flame retardancy.
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Global Cellulose Acetate Market Dynamics–
The rising demand of the natural plastic due to its properties including good toughness, glossy shine, lustrous texture, and high transparency are expected to drive the market growth in the coming years. In addition, technological advancements and increasing preference of cellulose acetate in applications in the emerging economies are among some of the major factors estimated to drive the growth of the potential market over the forecast period. According to World Organization(WHO) in 2015, the number of plastic microfibers entering the ocean between could accumulate to an excess of 22 million tonnes,the release of plastic microfibers into the ocean due to the washing of textiles could grow to 0.7 million tonnes per year, this material equivalent of around 4 billion polyester tops accumulated amount entering the ocean between 2015 and 2050 would exceed 22 million tonnes about two thirds of the plastic-based fibers used to produce garments annually.
However, increasing awareness regarding the health issues related to smoking is expected to pose as a main restraint for the market growth. Also, with the implementation of governmental regulations to ban public smoking in countries as well as presence of alternatives such as electronic cigarettes in the market, are expected to hinder the growth potential of the market. In spite of that, the growing industrialization is expected to provide huge growth opportunity to industry players operating in the cellulose acetate market. This is owing to the fact that rising industrialization will increase the demand of the product in the market for various applications, which will push the manufacturers to produce product in large quantity, and thereby creating opportunities. Increasing adoption of advanced cellulose acetate in order to reduce vulnerability to toxicants during smoking is a factor expected to create a lucrative opportunity for growth of the global cellulose acetate market over the forecast period. In recent years, thevarious countries and regions were gradually introduced no-smoking policy, cellulose acetate industry also been affected. In order to offset the weakening consumption trend in cigarettes market, major companies are redirecting R&D efforts towards improving the functionality of cellulose acetate.
Global Cellulose Acetate Market Regional Analysis–
The cellulose acetate market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Europe and North America are likely to exhibit stable growth for cellulose acetate fiber market over the next few years. However, these fibers are likely to expect stiff competition from polyester fabrics which are relatively positioned at lower prices than acetate fibers. According to World Organization (WHO) in U.S, the textiles industry is highly reliant on non-renewable resources across all stages of the value chain. The industry relies on 98 million tonnes in total of non-renewable resources per year, producing plastic-based fibres for textiles uses an estimated 342 million barrels of oil every year and the production of cotton is estimated to require 200,000 tonnes of pesticides and 8 million tonnes of fertilizers annually. In addition, increasing demand for cellulose from the textile & apparel industry is another factor anticipated to fuel growth of the target market in the next coming years.
The cellulose acetate market in the Asia Pacific is expected to contribute major revenue share in the target market and is expected to maintain its dominance over the forecast period. The Asia Pacific was leading consumer of cellulose acetate fibers in past few years. China had the largest consumption of cellulose acetate market in the region. Countries such as Japan, ASEAN, and India are also likely to exhibit excellent growth over the coming years. According to World Organization (WHO) in 2050, the increasing demand for textile and fibers continue to grow quickly, driven particularly by emerging markets in Asia and South America. Rapid industrialization coupled with growing textile & apparel, cigarette filters, and other applications in the region due to changing living standards of consumers are expected to drive the revenue growth of Asia Pacific cellulose acetate market over the forecast period.
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Key Benefits for Global Cellulose Acetate Market Report–
Global Cellulose Acetate Market report covers in depth historical and forecast analysis.
Global Cellulose Acetate Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Cellulose Acetate Market report helps to identify opportunities in market place.
Global Cellulose Acetate Market report covers extensive analysis of emerging trends and competitive landscape.
Global Cellulose Acetate Market Segmentation:–
Global Cellulose Acetate Market: By Type
Global Cellulose Acetate Market: By Application
Textiles & Apparel
Tapes & Labels
Global Cellulose Acetate Drug Market: By Regional & Country Analysis (North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Cellulose Acetate Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Cellulose Acetate Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Cellulose Acetate Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Cellulose Acetate Market Overview: Quantitative Analysis
4. Chapter – Global Cellulose Acetate Market Analysis: Segmentation By Type
5. Chapter – Global Cellulose Acetate Market Analysis: Segmentation By Application
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