Cellulose Acetate Market Size, Share, Revenue and Forecast, 2018-2023
Global Cellulose Acetate Market is expected to grow at a CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Cellulose acetate is a synthetic compound obtained from the acetylation of the plant substance cellulose. It is spun into textile fibers termed as triacetate, acetate rayon, or acetate.
Global Cellulose Acetate Market is expected to grow at a CAGR of 5.78% in the upcoming period as the scope and its applications are rising enormously across the globe. Cellulose acetate is a synthetic compound obtained from the acetylation of the plant substance cellulose. It is spun into textile fibers termed as triacetate, acetate rayon, or acetate.
- No tags were found...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Plastic <strong>and</strong> fiber are the types that could be explored in cellulose acetate in the forecast period. The<br />
fiber type sector accounted for the substantial market share of cellulose acetate <strong>and</strong> is estimated to<br />
lead the overall market in the years to come. The reason could be the high dem<strong>and</strong> from end-users<br />
like textiles & apparels <strong>and</strong> cigarette manufacturing <strong>and</strong> its easy availability.<br />
The market could be categorized based on application like tapes & labels, cigarette filters,<br />
photographic films, textiles & apparel, <strong>and</strong> others could be explored in the forecast period. Textile<br />
<strong>and</strong> apparel sector is estimated to grow at the fastest pace in the years to come. The reason could<br />
be a rising dem<strong>and</strong> for specialty cellulose acetate <strong>and</strong> technological enhancement in the textile<br />
industry.<br />
Globally, Asia Pacific accounted for the substantial market share of cellulose acetate <strong>and</strong> is<br />
estimated to lead the overall market in the years to come. The reason behind the overall market<br />
growth could be increasing the use of cellulose acetate in tapes & labels, cigarette filters,<br />
photographic films, <strong>and</strong> textiles & apparel.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/cellulose-acetate-market-outlook<br />
Also, the availability of cheap labor in developing countries, high economic growth, <strong>and</strong> developing<br />
manufacturing industries are another factors boosting overall market growth in the years to come.<br />
The developing countries like India <strong>and</strong> China are the major consumers of cellulose acetate in this<br />
region.<br />
North America <strong>and</strong> Europe are also estimated to have a positive influence on future growth. North<br />
America is the second largest region with significant market share. However, Europe is estimated to<br />
grow at the highest CAGR in the forecast period. The key players of the cellulose acetate market are<br />
Eastman Chemical Company, Celanese, Daicel, Mitsubishi Chemicals, <strong>and</strong> China Tobacco<br />
Corporation. These players are concentrating on inorganic growth to sustain themselves amidst<br />
fierce competition.
Change language