The Cellulose Acetate Market is Segmented By Type (Fiber, Plastic), By Product(Cellulose Acetate Filament, Cellulose Ester Plastics, Cellulose Acetate Tow, Cellulose Acetate Flakes, Others), By Chemistry (Cellulose diacetate (CDA), Cellulose triacetate (CTA), Cellulose acetate-butyrate (CAB), Cellulose acetate-propionate (CAP)), By Application(Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Cellulose Acetate Market Overview
The Global Cellulose Acetate Market reached USD 4.78 billion in 2022 and is expected to reach USD 7.75 billion by 2030 growing with a CAGR of 5.2% during the forecast period 2023-2030. The global cellulose acetate market is growing significantly due to increases in demand for various sectors such as Textiles, Eyewear, Packaging, Filters membranes, and Consumer Goods.
The growth in cellulose acetate is from eco-friendly materials as it provides sustainable solutions when compared with traditional plastics. As consumer shift towards eco-friendly products where the use of renewable and biodegradable materials increases, this factor leads to an increase in the demand for the cellulose acetate market.
Asia Pacific is witnessing continuous growth in cellulose acetate market. Countries such as China, Japan, and India witnessed major growth, as consumption of cellulose acetate increased in these countries. For instance, on 29 Sep 2021, Daicel Corporation japan based company announced that their product Cafblotm got certification and validation for marine biodegradability. A large number of plastic waste is produced daily which majorly pollutes oceans. To solve this problem cafblotm product is launched which leads to promote the growth of cellulose acetate. Factors as such will drive cellulose acetate market.
Cellulose Acetate Market Scope
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Metrics |
Details |
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CAGR |
5.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Product, Chemistry, Application and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights |
Cellulose Acetate Market Dynamics
Driving Innovation in the Fashion and Jewelry Industry
Cellulose acetate has major applications in the fashion industry. Its versatile materials offer unique properties, which is a major driver of the cellulose acetate market. The rising consumer preference for comfortable clothing has led to an increased demand for fabrics made from cellulose acetate. This material offers excellent dyeability, providing fashion designers with a wide range of colors to create vibrant and stylish garments.
Cellulose acetate market blooms in the jewelry industry as it offers sustainable and fashionable materials. These materials can be reshaped and colored from various natural materials. It offers a unique and eco-friendly solution when compared to traditional accessories. These factors lead to an increase in the demand for cellulose acetate market.
Cellulose in Biodegradable Plastics a Sustainable Solution for a Greener Future
Cellulose plays a significant role in the development and production of biodegradable plastics. For the growth and production of biodegradable plastics, there is a combination between cellulose and biopolymers that creates materials that have enhanced biodegradable properties. Cellulose offers various advantages in biodegradable plastics, with the aim of creating an eco-friendly environment that includes soil and water.
The rise in environmental concerns over plastic pollution and its impact on ecosystems there is a growing need to shift toward sustainable materials. Cellulose-based biodegradable plastics address this concern by breaking down naturally over time which leads to reduced plastic waste in the environment.
Lower Mechanical Strength
Cellulose acetates have lower mechanical strength and durability when compared to traditional plastics which limits its use in applications where high resistance to impact or stress is required. The lower mechanical strength is due to the natural origin of cellulose acetate, which lacks the same degree of structural rigidity and long-chain polymerization found in some synthetic plastics.
In various applications such as engineering components, automotive parts or heavy-duty packaging where materials need to withstand substantial loads or harsh environmental conditions cellulose acetate is not the preferable choice. It may be prone to deformation, breakage or wear under continuous stress or impact, potentially leading to reduced product lifespan and performance.
Cellulose Acetate Market Segment Analysis
The global cellulose acetate is segmented based on type, product, chemistry, application, and region.
Sustainable Solution for Fiber Production
Cellulose acetate offers sustainable alternative solutions when compared with traditional synthetic fibers. They naturally decompose in the environment and also lead to reduce their impact on landfills and ecosystems. The production of cellulose acetate involves fewer carbon emissions compared to other synthetic fibers.
For instance, on 19 April 2023, Technical fiber product which is a leading manufacturer of nonwovens has launched its product Ecoveil, new sustainable nonwovens which are naturally derived from recycled fibers. Ecoveil nonwoven manufacture includes bio-derived polyamide fibers, modified cellulose acetate, and recycled carbon. These kinds of developments are analyzed to drive the market.
Cellulose Acetate Market Geographical Penetration
Rising Environmental Awareness in Asia-Pacific
Increasing environmental consciousness and mounting apprehensions regarding plastic pollution have spurred both consumers and industries in the Asia-Pacific region to search for more sustainable alternatives. The biodegradability and reduced environmental impact of cellulose acetate align perfectly with the region's escalating emphasis on eco-friendly practices.
For intance on 5th June 2023, Pearl Academy, an Indian university, introduced an innovative concept of creating sneakers from cigarette butts using cellulose acetate. This approach not only makes the sneakers ideal for recycling but also helps in lowering chemical toxicity levels. Consequently, these advantages are expected to propel the cellulose acetate market.
Major Key Players
The major global players in the market include Eastman Chemical Company, Daicel Corporation, Celanese Corporation, Mitsubishi Chemical Holdings Corporation, Sappi Ltd, Rayonier Advanced Materials, Inc, China National Tobacco Corporation, Sichuan Push Acetati Co Ltd, Cerdia International GmbH.
COVID-19 Impact Analysis On Cellulose Acetate Market
COVID Impact
As pandemic increases it affects the supply chain management system of the cellulose acetate market. Due to restrictions on traveling the textile industry was majorly got affected as retail stores were closed and there is cancellations of events. Manufacturers face many challenges due to logistics constraints. Due to this, the production of raw materials got delayed. As the delay in production, many investors revoke their investments which causes a major downfall in the market.
Due to the lockdown, consumer shifts their demand for more sustainable products. As public gatherings were restricted during covid so it impact the clothing industry, Stores were closed which leads to the downfall of the market of cellulose acetate. During the pandemic government and business focuses more on public health. So, priorities towards other sectors downfall.
Russia-Ukraine War Impact
Russia-Ukraine war impacts global supply chains of the cellulose acetate market. Due to the increase in conflict, there is a travel disruption in transportation routes and trade restrictions. Due to this uncertain geopolitical situation, impacts businesses which leads to delays in investment that cause economic instability in both countries.
Due to conflict, many investors have taken back their investments in the cellulose acetate sector. Delay in investment which cause a delay in projects that includes setting up chemical factories for the cellulose acetate market. Due to the war market phases geopolitical issues which slows down the growth and development of the cellulose acetate market.
Scope
Key Developments
- For instance on 15 Mar 2023, a collaboration between Nanollose and Birla Cellulose develops a bacterial cellulose named Nullarbor, and this innovation was awarded as cellulose fiber innovation 2023. Other products followed by Renewcell cellulose fiber won the third prize.
- For instance on 22 Oct 2020, Celanese launches an alternative for single-use plastics named Blue Ridge which is cellulosic pellets. The material is completely recycled and well-rooted.
- For instance on 23 May 2023, D and W launches an eco-friendly food packaging solution named Earth Smart. It consists of Bioresin rigid containers these containers are recyclable and free from pfa.
Why Purchase the Report?
- To visualize the global cellulose acetate market segmented based on type, product, chemistry, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of cellulose acetate market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key product of all the major players.
The global cellulose acetate market report would provide approximately 69 tables, 70 figures, and 195 Pages
