Cellulose Acetate Market To Record Lucrative Growth, Revenue To Surge To US$ 7.01 Bn By 2021

31-Aug-2018 | Zion Market Research

With the presence of a large pool of participants, the global cellulose acetate market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Celanese Corporation, Mitsubishi Rayon Company Limited, Philip Morris International, Chinese National Tobacco Corporation, and Rhodia Acetow GmbH are some of the key vendors of cellulose acetate across the world. These players across cellulose acetate market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the market study.

Citing an instance, in October 2017, researchers at MIT proposed the use of cellulose acetate for 3D printing, owing to its beneficial features such as quick evaporation and recyclability. This will further augment cellulose acetate market size.

This review is based on a report by Zion Market Research, titled "Cellulose Acetate Market (Cellulose Acetate Tow and Cellulose Acetate Filament) for Cigarette Filters, Textile & Apparel, Photographic Films, Tapes & Labels, Extrusion & Molding and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021"- Report at http://www.zionmarketresearch.com/report/cellulose-acetate-market

As estimated in this report, the global cellulose acetate market stood at US$ 4.82 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this market is expected to reach US$ 7.01 billion by the end of the forecast period. The main products available in the cellulose acetate market are cellulose acetate tow and cellulose acetate filament. Among the two, the demand for cellulose acetate tow is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Global Cellulose Acetate Market

Rise in Disposable Incomes & Changing Lifestyles To Drive Market Growth

“Escalating application in cigarette filters, photographic films, plastics, textiles & apparels, extrusion & moldings and tapes & labels will boost the cellulose acetate market demand in the years ahead,” says the author of this study. Apart from this, rise in purchasing capacity of consumers along with transition towards modern lifestyle among the population of emerging economies such as Brazil, India, and China will further propel the progress of cellulose acetate market in the near future.  Furthermore, the rampant product use in food packaging and eyewear frames sectors is anticipated to spur the cellulose acetate market expansion over the forthcoming years.

Surging awareness about the health hazards due to smoking of cigarettes in the developed countries, however, is likely to inhibit the cellulose acetate market development in the near future. With antitrust authorities across the globe increasingly investigating the mergers & acquisitions across the chemical domain, it is likely to adversely impact the growth of cellulose acetate market in the coming years.

Wide Applications In Textile & Cigarette Sectors To Boost APAC Dominance

Regionally, Asia Pacific has been leading the worldwide cellulose acetate market and is anticipated to continue on the dominant position in the years to come, states the market study. For the record, APAC contributed more than 50% towards overall cellulose acetate market share in 2015. Humungous product popularity in textile & cigarette industries is the main factor behind the dominance of the Asia Pacific cellulose acetate market.  

The global cellulose acetate market is segmented as follows:

By Product

  • Cellulose acetate tow
  • Cellulose acetate filament

By Application

  • Cigarette filters
  • Textile & apparel
  • Photographic films
  • Tapes & labels
  • Extrusion & molding
  • Other

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Accept

We have secured system to process your transaction.

We Are On Social