USD 1.07 Bn growth expected in Cellulose Acetate Market — Driven by growth of the textile industry in APAC – QNT Press Release


NEW YORK , Aug. 24, 2022 /PRNewswire/ — The “Cellulose Acetate Market by Type, Application, and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to increase by USD 1.07 billion between 2020 and 2025. The market observed a YOY growth of 2.23% in 2021 and the growth momentum is expected to accelerate at a CAGR of 3.76% during the forecast period. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report

Technavio categorizes the global cellulose acetate market as a part of the global diversified chemicals market within the global chemicals market. The global diversified chemicals market covers companies engaged in the manufacturing of a diverse range of chemical products that are not included in the categories of industrial gases , commodity chemicals, specialty chemicals or fertilizers, and agricultural chemicals.

The global cellulose acetate market is fragmented. The market comprises many regional and international players. The report identifies Borregaard ASA, Celanese Corp., Daicel Corp., Eastman Chemical Co., Merck and Co. Inc., Mitsubishi Chemical Holdings Corp., Rayonier Advanced Materials Inc., Rotuba Extruders, Sappi Ltd., and Solvay SA as some of the major market participants. Although the growth of the textile industry in APAC will offer immense growth opportunities, stringent regulations and policies will challenge the growth of the market participants . To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The competitive landscape of the cellulose acetate market provides details of competitors. Details include company profile, company finances, revenue, market potential, R&D investment, new market initiatives, global footprint, manufacturing locations and facilities, manufacturing capabilities, company strengths and weaknesses, product launches, and products. Request Sample Report Here

The global cellulose acetate market is segmented as below:

  • Type
    • Fiber
    • Plastics

The fiber segment accounted for the maximum market share in 2021. Factors such as easy availability, low cost, and the wide acceptability of cellulose acetate among end-user industries are driving the growth of the segment. Also, the growing demand for cellulose acetate fibers from the cigarette industry is contributing to the segment growth.

  • Application
    • Filtration
    • Electronics
    • Textile and Consumer Goods
    • Packaging
    • Others

Filtration was the largest segment of the market in 2021 and will continue to be the largest segment of the market during the forecast period. The increasing use of cellulose acetate in the production of cigarette filters is the key factor driving the growth of the segment.

  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

APAC will emerge as the key market, occupying 57% of the global market share. The expansion of the textile industry is the key factor driving the growth of the regional market. In addition, the availability of skilled labor and the presence of several global and regional cellulose acetate manufacturers are expected to further aid in the growth of the cellulose acetate market in APAC.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our cellulose acetate market report covers the following areas:

Cellulose Acetate Market 2021-2025: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the cellulose acetate market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research reports on the cellulose acetate market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Cellulose Acetate Market 2021-2025: Key Highlights
  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist cellulose acetate market growth during the next five years
  • Estimation of the cellulose acetate market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the cellulose acetate market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cellulose acetate market vendors
Related Reports:

Cellulose Acetate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.76%

Market growth 2021-2025

USD 1.07 billion

Market structure

Concentrated

YoY growth (%)

2.23

Regional analysis

APAC, North America, Europe, MEA, and…

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