Report Code: A12628 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cellulose Acetate Market
Request Now !Cellulose Acetate Market Outlook – 2030
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.
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
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Questions answered in the Cellulose Acetate Market Report
Cellulose Acetate Market Report Highlights
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Key Market Players | China National Tobacco Corporation, Company 10, Eastman chemical Company, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Solvay, Rayonier Advanced Materials Inc., Celanese Corporation, Daicel Corporation, Sappi Limited |
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