Market Size of United States Cellulose Acetate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Cellulose Acetate Market Analysis
The US cellulose acetate market is estimated to reach 208.33 kilotons by the end of this year. It is projected to reach 222.44 kilotons in the next five years, registering a CAGR of 1.32% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020 due to nationwide lockdowns, which led to supply chain disruptions and restrained the exports of cellulose acetate yarns from the country. The production of cellulose acetate declined during the year as several responsible factories were shut down during the pandemic in the country. However, the ease of restrictions and improved industrial activities from 2021 helped recover the market and its growth.
- The growing demand for cellulose acetate from the textile industry is the major factor contributing to the growth of the market studied in the country.
- On the contrary, the market's growth is hindered by stringent government regulations on tobacco usage and the declining demand for cellulose acetate in photographic films.
- Nevertheless, the increasing use of cellulose acetate for water treatment is likely to create opportunities for cellulose acetate in the United States over the coming years.
- Cellulose acetate demand from the fiber segment is expected to remain robust as these fibers are largely used in the textile industry and as cigarette filters, the largest application segment for cellulose acetate.
United States Cellulose Acetate Industry Segmentation
Cellulose acetate is a biodegradable polymer obtained by the acetylation of cellulose. There has been no direct production process for producing cellulose acetate to date. It is manufactured using a two-step synthesis process.
The US cellulose acetate market is segmented by type and application. 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 (cosmetics, healthcare, etc.). For each segment, the market sizing and forecasts have been done based on volume (tons).
| Type | |
| Fibers | |
| Plastics |
| Application | |
| Cigarette Filters | |
| Photographic Films | |
| Plastics | |
| Textiles | |
| Other Applications (Cosmetics, Healthcare, etc.) |
United States Cellulose Acetate Market Size Summary
The United States cellulose acetate market is experiencing a gradual recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's expansion is primarily driven by the increasing demand from the textile industry, where cellulose acetate fibers are valued for their high sheen, breathability, and comfort, making them a preferred choice for top designers. These fibers are extensively used in easy-care garments and inner linings, and their ability to be dyed in various colors and blended with other materials like cotton and silk enhances their appeal. Despite the challenges posed by stringent government regulations on tobacco usage and a decline in demand for cellulose acetate in photographic films, the market finds opportunities in the growing application of cellulose acetate for water treatment. The fiber segment, particularly for use in cigarette filters, remains a significant application, although the overall smoking rate in the United States is on a decline due to health concerns and regulatory measures.
The market is characterized by its consolidated nature, with major players such as Daicel Corporation, RYAM, Eastman Chemical Company, Rotuba, and Celanese Corporation playing pivotal roles. The United States stands as a leading exporter of cellulose acetate filament yarn, reflecting its robust production capabilities. The cigarette filter application continues to dominate, despite the declining smoking rates, as these filters are essential for tar removal and maintaining taste. The market dynamics are influenced by both domestic consumption patterns and international trade, with the United States maintaining a strong position in the global market. The interplay of regulatory frameworks, industry demand, and export activities shapes the future outlook of the cellulose acetate market in the United States.
United States Cellulose Acetate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing Usage in Textile Industry
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1.1.2 Growing Number of Youth Smokers in the Country
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1.1.3 Other Drivers
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1.2 Market Restraints
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1.2.1 Stringent Government Regulations Regarding Tobacco Usage
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1.2.2 Declining Demand for Photographic Films
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Type
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2.1.1 Fibers
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2.1.2 Plastics
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2.2 Application
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2.2.1 Cigarette Filters
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2.2.2 Photographic Films
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2.2.3 Plastics
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2.2.4 Textiles
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2.2.5 Other Applications (Cosmetics, Healthcare, etc.)
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United States Cellulose Acetate Market Size FAQs
What is the current United States Cellulose Acetate Market size?
The United States Cellulose Acetate Market is projected to register a CAGR of 1.32% during the forecast period (2024-2029)
Who are the key players in United States Cellulose Acetate Market?
RYAM, Eastman Chemical Company, Daicel Corporation, Celanese Corporation and Rotuba are the major companies operating in the United States Cellulose Acetate Market.
