Cellulose Acetate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023
Cellulose acetate is produced by acetylation of cellulose with acetic acid by using sulfuric acid as the catalyst. Cellulose acetate is extensively consumed in various end-user applications such as cigarette filters, textile & apparel, photographic films, tapes & labels, and extrusion & molding. Cigarette filters was the largest application segment of the cellulose acetate market in 2014. Furthermore, it is likely to be one of the fastest-growing segments of the global cellulose acetate market from 2015 to 2023. Cellulose acetate tow was the largest product segment that held major share of the global cellulose market in 2014. Threat of substitutes is low in the global cellulose acetate market as it is derived from natural raw material sources and is highly biodegradable.
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The report estimates and forecasts the cellulose acetate market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).
The study offers a comprehensive view of the cellulose acetate market by dividing it into product segments such as cellulose acetate tow and cellulose acetate filament. In terms of application, the global cellulose acetate market has been segmented into cigarette filters, textile & apparel, photographic films, tapes & labels, extrusion & molding, and others. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for cellulose acetate in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Additionally, the report includes country-level analysis in terms of volume and revenue for product and end-user segments. Key countries such as the U.S., the U.K., France, Russia, Italy, Germany, China, India, Brazil, South Africa as well as ASEAN and GCC are included in the study. Market segmentation includes demand for individual products and applications in all regions and countries.
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The report comprises a comprehensive value chain analysis, which provides a broad view of the market. Value chain analysis also provides detailed information about value addition at each stage of the value chain. The report covers drivers and restraints for the cellulose acetate market along with their impact on demand during the forecast period. Additionally, it includes the study of opportunities in the cellulose acetate market at the global level.
The report includes Porter’s Five Forces Model to gauge the degree of competition in the cellulose acetate market. The report encompasses a qualitative write-up on market attractiveness analysis, wherein applications have been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated to derive general attractiveness of the market. The report includes price trend analysis of raw materials (acetic anhydride and wood pulp) and cellulose acetate from 2014 to 2023.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and reinforcing our secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.
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The report covers a detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Celanese Corporation, Daicel Corporation, Mitsubishi Rayon Co., Ltd., Eastman Chemical Company, Solvay Acetow GmbH, and Sichuan Push Acetati Co., Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
This report segments the global cellulose acetate market as follows:
Cellulose Acetate Market – Product Analysis
- Cellulose acetate tow
- Cellulose acetate filament
Cellulose Acetate Market – Application Analysis
- Cigarette filters
- Textile & apparel
- Photographic films
- Tapes & labels
- Extrusion & molding
- Others (Including printing ink formulations, etc.)
Cellulose Acetate Market – Regional Analysis
- Rest of North America
- Rest of Europe
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
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