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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, 2021 – 2028

Published Date: 14-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 130 Report Code: ZMR-121 Status : Published

The global cellulose acetate market accounted for USD 6.15 Billion in 2020 and is expected to reach USD 10.25 Billion by 2028, expanding at a CAGR of 7.9% from 2021 to 2028.

Description

Market Overview

The global cellulose acetate market accounted for USD 6.15 Billion in 2020 and is expected to reach USD 10.25 Billion by 2028, expanding at a CAGR of 7.9% from 2021 to 2028.

Cellulose Acetate is a compound that is used for a broader range of applications. For instance, it is widely used in photography as a film glass. Scientifically, it is insoluble and nontoxic biodegradable material. Partially, cellulose acetate contains acetyl content. It is mostly employed as a semipermeable coating on medicinal drugs and tablets.

COVID-19 Impact Analysis:

The outbreak of COVID-19 has made it difficult for the cellulose acetate market to pull through. With partial/total lockdown being inflicted all over the world, the production of cellulose acetate has hampered big time. Also, demand from the end-users like textile & apparel and cigarette manufacturing industries has come down. Staying at home, consumers are less onto the shopping spree and have cut down on smoking due to the risk of catching Corona. This scenario is expected to continue till atleast mid-2022, when majority will supposedly get vaccinated against COVID-19.

Growth Factors:

The exponential demand for cellulose acetate from textile and cigarette manufacturing industry is the major driving factor for cellulose acetate market. Several research institutions are tying up with several key players for developing effective cigarette filters from cellulose acetate. Also, biodegradable plastic is being asked for, which in turn is driving the usage of cellulose acetate plastic in the matured markets like Europe and North America. However, the Asia-Pacific is expected to be the flag bearer on this count in the next decade with the increasing applications of cellulose acetate in tapes & labels.

Report Scope:

Product Segment Analysis Preview:

Cellulose acetate tow and cellulose acetate filament are the key product segments of the cellulose acetate market. Cellulose tow held a significant market share in 2019 owing to heightened demand and consumption. Cellulose acetate tow is a key component in the manufacturing of cigarette filters, water purification media and extruded plastics. Cellulose acetate filament is expected to grow in the coming years owing to high demand.

Application Segment Analysis Preview:

On the basis of applications segment, cellulose acetate market is segmented into cigarette filters, textile & apparel, photographic films, tapes & labels, extrusion & molding and other. Cigarette filter stood out as the leading application segment and it accounted for over 80% of the market share  in the past few years. Besides, it is anticipated to account for a higher share in the near future due to its functionality. Textile & Apparel accounted for a second leading position in the global market as the popularity is likely to increase in the production of velvet fabrics.

Regional Segment Analysis Preview:

Asia Pacific is likely to account for a significant market share owing to high dominance in the past few years. Presence of key players and significant growth in textiles and cigarette industries is anticipated to propel the market growth in the coming years. Europe is the second leading market for cellulose acetate in the forecast period. The demand is likely to grow due to the constant pace of production and presence of distribution channels.

Key Market Players and Competitive Landscape:

Some of the key players in cellulose acetate market are Celanese Corporation, Daicel Chemical Industries, Eastman Chemical Company, Mitsubishi Rayon Company Limited, Rhodia Acetow GmbH, SK Chemicals Co. Ltd, Borregaard, Rayonier, Sappi, Tembec, Chinese National Tobacco Corp, Imperial Tobacco Group, Rotuba Extruders, Philip Morris International, Acordis Acetate and Primester.

The Global Cellulose Acetate Market is segmented into,

By Product

  • Cellulose Acetate Tow
  • Cellulose Acetate Filament

By Application

  • Cigarette Filters
  • Textile & Apparel
  • Photographic Films
  • Tapes & Labels
  • Extrusion & Molding
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Cellulose Acetate Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID -19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Cellulose Acetate Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Cellulose Acetate Tow
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Cellulose Acetate Filament
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Cellulose Acetate Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Cigarette Filters
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Textile & Apparel
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Photographic Films
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Tapes & Labels
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Extrusion & Mulding
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Others
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No.6 Cellulose Acetate Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.6. Rest of Middle-East Africa
        • 6.6.6.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7 Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8 Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Cellulose Acetate Market: Company Market Share, 2019
      • 8.1.2. Global Cellulose Acetate Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Cellulose Acetate Market, Company Y-o-Y Growth, 2016 – 2019 (%)
      • 8.1.4. Global Cellulose Acetate Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9 : Company Profiles
    • 9.1. Diacel Chemical Industries
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Celanese Corporation
    • 9.3. Eastman Chemical Company
    • 9.4. Rhodia Acetow GmbH
    • 9.5. SK Chemicals Co Ltd
    • 9.6. Borregard
    • 9.7. Rayonier
    • 9.8. Sappi
    • 9.9. Tembec
    • 9.10. National Tobacco Corp
    • 9.11. Rotuba Extruders
    • 9.12. Philip Morris International
    • 9.13. Primester
    • 9.14. Acordis Acetate
  • Chapter No. 10 : Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11 : Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Cellulose Acetate market. Zion Research has collected and analyzed key data belong to the global Cellulose Acetate market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Cellulose Acetate across the world has been calculated through primary and secondary research.

Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Cellulose Acetate industry. Primary research makes up major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Cellulose Acetate market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Cellulose acetate is obtained by acetylation of cellulose with acetic acid by using sulfuric acid as the catalyst. It is a non-flammable thermoplastic polymer, which is obtained from wood pulp. Cellulose acetate is available in the various forms such as granules of fiber and powder. Cellulose acetate is extensively used in photography as a film base, and provide coatings, and as a frame material for eyeglasses. Cigarette filters, textile & apparel, photographic films, tapes & labels and extrusion & molding are the other application areas in which cellulose acetate is used.

Increasing high consumption of cigarette worldwide is the key driver for cellulose acetate market. Increasing demand from textile & apparel industry coupled with growing demand for cellulose acetate is expected to drive the market growth in the years to come. Increasing disposable income and shift towards modern lifestyle of consumers in developing countries are expected to increase demand for cigarettes, textiles, and plastics which simultaneously affect the market positively. However, increasing health awareness regarding cigarette consumption is expected to hamper the market growth in the years to come.

Global Cellulose Acetate Market

Cellulose acetate tow and cellulose acetate filament are the key product segments of the cellulose acetate market. Cellulose acetate tow dominated the global cellulose acetate market in 2015 owing to the strong demand from an application like cigarette filters. Cellulose acetate tow accounted for over significant share of the total cellulose acetate volumes consumed in 2015. Cellulose acetate tow is a key component in the manufacturing of cigarette filters, water purification media and extruded plastics due to this cellulose acetate tow dominated the cellulose acetate market.

On the basis of applications segment, cellulose acetate market is segmented into cigarette filters, textile & apparel, photographic films, tapes & labels, extrusion & molding and other. Cigarette filter was the leading application segment and it accounted for over 80% of the market share in 2015. It is estimated to increase market share over the next few years. Additionally, textile & apparel accounted for the second-largest share of the global cellulose acetate market in 2015. Cellulose acetate is also used in apparel linings and velvet fabrics and is also blended with other synthetic fibers such as rayon and polyester which is expected to growth cellulose acetate market.

Asia Pacific was the largest regional cellulose acetate market and is expected to continue dominance over the forecast period. It accounted for over 50% of the share in 2015. Growth in textiles and cigarette industries is anticipated to boost the cellulose acetate market in this region. Europe and North America is a mature market for cellulose acetate and is estimated to witness sluggish growth rate over the forecast period. Latin America is expected to witness the significant rise in cellulose acetate market due to large demand.  

Global cellulose acetate market is highly competitive, with the presence of well-established global market participants. Celanese Corporation, Daicel Chemical Industries, Eastman Chemical Company, Mitsubishi Rayon Company Limited, Rhodia Acetow GmbH, SK Chemicals Co. Ltd, Borregaard, Rayonier, Sappi, Tembec, Chinese National Tobacco Corp, Imperial Tobacco Group, Rotuba Extruders, Philip Morris International, Acordis Acetate and Primester are some of the key vendors in the market.


Frequently Asked Questions

The global cellulose acetate market was valued at USD 6.15 Billion in 2020.

The global cellulose acetate market is expected to reach USD 10.25 Billion by 2028, expanding at a CAGR of 7.9% between 2021 to 2028.

Some of the key factors driving the global cellulose acetate market growth comprise The exponential demand for cellulose acetate from textile and cigarette manufacturing industry is the major driving factor for cellulose acetate market.

Asia Pacific held a substantial share of the cellulose acetate market in 2020. This is attributable to the presence of top companies. China is world’s largest manufacturer and the consumer of cellulose acetate owing it to the large population and the raw material available.

Some of the major companies operating in global cellulose acetate market are Celanese Corporation, Daicel Chemical Industries, Eastman Chemical Company, Mitsubishi Rayon Company Limited, Rhodia Acetow GmbH, SK Chemicals Co. Ltd, Borregaard, Rayonier, Sappi, Tembec, Chinese National Tobacco Corp, Imperial Tobacco Group, Rotuba Extruders, Philip Morris International, Acordis Acetate and Primester.
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