Cellulose Acetate Market: Increasing cigarette consumption across the globe fuel the global industry, finds ZMR

02-May-2017 | Zion Market Research

Cellulose acetate is a type of thermoplastic polymer that is non-flammable and generated by acetylation of cellulose along with acetic acid with the use of sulfuric acid. It is obtained in several types such as powder, granules, and granules of fiber. It also gained from wood pulp. It is extensively utilized in the photography industry as a film base as well as in the production of eyeglasses as a frame material. Cellulose acetate is used in several applications such as tapes & labels, textile & apparel, cigarette filters, extrusion & molding, and photographic films. As per the report, the worldwide cellulose acetate market was priced at around USD 4.82 Billion in 2015 and is anticipated to achieve USD 7.01 Billion in 2021, developing at a 3.6 % CAGR between 2016 and 2021.

The increasing cigarette consumption across the globe has resulted in the elevated demand of cellulose acetate in the last few years is projected to persist within the forecast period. The rise in expendable income and alterations in the lifestyle of customers in developing countries such as Brazil, India, and China are anticipated to elevate the requirement for cellulose acetate in textiles, plastics, and cigarette industry. Furthermore, the use of cellulose acetate in food packaging and eyewear frames applications is expected to fuel the market for cellulose acetate during the coming period. Nevertheless, the growing health awareness about cigarette utilization in developed regions may hamper the growth of the market.

Based on the product type, the cellulose acetate market can be diversified into cellulose acetate filament and cellulose acetate tow. The cellulose acetate tow was the biggest product segment and accounted for a major share of the worldwide cellulose acetate market in 2015. The cellulose acetate tow is a vital element in the production of water purification media, extruded plastics, and cigarette filters. On the basis of applications segment, the market is classified into textile & apparel, cigarette filters, extrusion & molding, tapes & labels, photographic films, and other.

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According to a study published in the Journal of Desalination and Water Treatment, a new modified cellulose acetate membrane was synthesized with the use of functionalized multi-walled carbon nanotubes by phase inversion using immersion precipitation method. Carboxylated functionalized M multi-walled carbon nanotubes were utilized as additives into the 1, 4-dioxane, casting solution of CA, lactic acid, methanol, and acetone to improve the forward osmosis membranes performance.

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