A12628 | Pages: NA | Sep 2022 | 958 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Cellulose acetate is a chemical product produced by the reaction of cellulose with acetic acid and acetic anhydride in the presence of a catalyst. Cellulose acetate is biodegradable and is used as a replacement of plastic in various industries. The product is primarily used in the production of cigarette filter, as it helps in removing tar and nicotine while maintaining favorable test to the smoker. Rising number of smokers particularly in emerging markets such as China and India, represent the key factor driving the market. Some of the other major drivers include its rising demand in textiles and apparels, growing uses of cellulose acetate in home furnishing products, and its rising application as biodegradable plastic in various other industries. The industry however faces some challenges like declining demand for photographic films and raising awareness of negative health impacts of smoking.
Market scope and Structure Analysis
Report Metric | Detail |
Market size available for years | Â 2020-2030 |
 Base year considered |  2020 |
 Forecast period |  2021-2030 |
 Forecast unit |  Value (USD) |
 Segments Covered |  Type and Application |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Rayonier Advanced Materials Inc. and Sappi Limited |
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Covid-19 Impact Analysis
Top Impacting Factors
The main growth drivers identified in the global cellulose acetate market are the increased demand for cellulose acetate, growth in emerging economics, and technological advances in various applications. The increased demand for natural plastic due to its properties which includes good toughness, glossy texture, and high transparency stimulated market growth in the recent years. For other this material is perfectly suitable for textile application because it is comfortable and absorbent and can be easily dyed in many different colors. The increasing demand for cellulose acetate is due to the increasing demand for environment friendly, biodegradable, and cost-effective nature.
Market trends
Key Segments Covered
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Key PlayersÂ
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Key Benefits of the Report
Questions answered in the Cellulose Acetate Market Report
Key Market Segments & Key Market Players
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