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Cellulose Acetate Market Size (2024 - 2029)

The cellulose acetate market is projected to experience growth over the forecast period, driven by increasing demand from the textile and furniture industries, as well as ongoing tobacco usage. Despite the negative impact of the COVID-19 pandemic, which disrupted supply chains and production, the market is recovering to pre-pandemic levels. The decline in demand for photographic films poses a challenge, while the rising application of cellulose acetate in water treatment presents new opportunities. The Asia-Pacific region is anticipated to lead the market and exhibit the most significant growth rate during this period.

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Market Size of Cellulose Acetate Industry

Cellulose Acetate Market Summary
Study Period 2019 - 2029
Market Volume (2024) 835.94 kilotons
Market Volume (2029) 922.49 kilotons
CAGR (2024 - 2029) 1.99 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Cellulose Acetate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Cellulose Acetate Market Analysis

The Cellulose Acetate Market size is estimated at 835.94 kilotons in 2024, and is expected to reach 922.49 kilotons by 2029, growing at a CAGR of 1.99% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020. The COVID-19 pandemic affected the cellulose acetate market because of disruption in the supply chain. During the pandemic, many factories responsible were shut down, leading to a decline in production. However, the market is returning to pre-COVID levels.

  • Over the short term, the growing demand for cellulose acetate from the textile industry, furniture industry, and continued tobacco usage are some driving factors stimulating the market demand.
  • The declining demand for cellulose acetate for photographic films hinders market growth.
  • The increasing use of cellulose acetate for water treatment will likely create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Cellulose Acetate Industry Segmentation

Cellulose acetate is a biodegradable polymer obtained by the acetylation of cellulose. There is yet to be a direct production process for the production of cellulose acetate to date. Cellulose acetate is manufactured using a two-step synthesis process. The cellulose acetate market is segmented by type, application, and geography. By type, the market is segmented into fiber and plastics. The market is segmented by application into cigarette filters, photographic films, plastics, textiles, and other applications. The report also covers the market size and forecasts for cellulose acetate in 11 countries across major regions. Each segment's market sizing and forecasts are based on volume (kilo tons).

Type
Fiber
Plastics
Application
Cigarette Filtres
Photographic Films
Plastics
Textiles
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Cellulose Acetate Market Size Summary

The cellulose acetate market is poised for steady growth, driven by its diverse applications across various industries. The textile and furniture sectors, along with the persistent demand in the tobacco industry, are key contributors to the market's expansion. Despite the challenges posed by the decline in demand for photographic films, the market is witnessing a resurgence as it recovers from the disruptions caused by the COVID-19 pandemic. The Asia-Pacific region is anticipated to lead the market, benefiting from its robust textile industry and significant tobacco consumption. Countries like China and India play pivotal roles in this growth, with their large populations of smokers and thriving textile sectors.

The market's competitive landscape is characterized by the presence of major players such as Celanese Corporation, Daicel Corporation, and Eastman Chemical Company, who are actively investing in research and development to enhance product offerings. Innovations in cigarette filter technologies, including flavored options, are expected to further drive demand. Additionally, the increasing use of cellulose acetate in water treatment presents new opportunities for market expansion. The region's dominance is further supported by its leading position in the paints and coatings market, driven by rising construction activities and consumer spending. Overall, the cellulose acetate market is set to experience consistent growth, with Asia-Pacific at the forefront of this trajectory.

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Cellulose Acetate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Textiles Industry

      2. 1.1.2 Continued Usage of Tobacco

      3. 1.1.3 Growing Demand from Furniture Industry

    2. 1.2 Restraints

      1. 1.2.1 Declining Demand for Photographic Films

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Fiber

      2. 2.1.2 Plastics

    2. 2.2 Application

      1. 2.2.1 Cigarette Filtres

      2. 2.2.2 Photographic Films

      3. 2.2.3 Plastics

      4. 2.2.4 Textiles

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Cellulose Acetate Market Size FAQs

The Cellulose Acetate Market size is expected to reach 835.94 kilotons in 2024 and grow at a CAGR of 1.99% to reach 922.49 kilotons by 2029.

In 2024, the Cellulose Acetate Market size is expected to reach 835.94 kilotons.

Cellulose Acetate Market Report Snapshots

Cellulose Acetate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)