Dublin, Sept. 02, 2021 (GLOBE NEWSWIRE) -- The "Cellulose Acetate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global cellulose acetate market reached a value of US$ 4.02 Billion in 2020. Looking forward, the publisher expects the market to exhibit stable growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cellulose acetate is a chemical product produced by the reaction of cellulose with acetic acid and acetic anhydride in the presence of a catalyst (sulphuric acid). Cellulose acetate is biodegradable and is used as a replacement of plastics in various industries. The product is primarily used in the production of cigarette filter tow, as it helps in removing tar and nicotine while maintaining favorable taste to the smoker.
Rising number of smokers, particularly in emerging markets such as China and India represents a key factor driving the market. Some of the other major drivers include its rising demand in textiles and apparels, growing usage of cellulose acetate in home furnishing products and its rising application as a biodegradable plastic in various other industries. The industry, however, faces some challenges as well. This includes its declining demand in photographic films and in its major end-application i.e. cigarette filters as a result of the rising awareness on the negative health impacts of smoking.
Report Scope
Market Break by Application
- Cigarette Filters
- LCD
- Yarn
- Coating, Plastics and Films
Cigarette filters currently represent the largest application segment.
Market Break by Region
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Region-wise, Asia Pacific currently represents the biggest market.
Competitive Landscape:
The report has also examined the competitive landscape of the Global Cellulose Acetate market. Some of the major players include: Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, China National Tobacco Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd., Rayonier Advanced Materials Inc., Sappi Limited, etc.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Physical Properties
4.3 Chemical Properties
4.4 Key Industry Trends
5 Global Cellulose Acetate Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Region
5.4.1 Asia Pacific
5.4.1.1 Market Trends
5.4.1.2 Market Forecast
5.4.2 North America
5.4.2.1 Market Trends
5.4.2.2 Market Forecast
5.4.3 Europe
5.4.3.1 Market Trends
5.4.3.2 Market Forecast
5.4.4 Middle East and Africa
5.4.4.1 Market Trends
5.4.4.2 Market Forecast
5.4.5 Latin America
5.4.5.1 Market Trends
5.4.5.2 Market Forecast
5.5 Market Breakup by Application
5.5.1 Cigarette Filters
5.5.1.1 Market Trends
5.5.1.2 Market Forecast
5.5.2 LCD
5.5.2.1 Market Trends
5.5.2.2 Market Forecast
5.5.3 Yarn
5.5.3.1 Market Trends
5.5.3.2 Market Forecast
5.5.4 Coatings, Plastics and Films
5.5.4.1 Market Trends
5.5.4.2 Market Forecast
5.6 Price Analysis
5.6.1 Price Indicators
5.6.2 Price Structure
5.6.3 Price Trends
5.6.4 Price Forecast
5.7 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
7.1 Raw Material
7.2 Cellulose Acetate Manufacturers
7.3 Distributors
7.4 Exporters
7.5 End Users
8 Porter's Five Forces Analysis
8.1 Bargaining Power of Suppliers
8.2 Bargaining Power of Buyers
8.3 Threat of New Entrants
8.4 Degree of Rivalry
8.5 Threat of Substitutes
9 Trade Data
9.1 Imports
9.2 Exports
10 Cellulose Acetate Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Detailed Process Flow
10.4 Raw Material Requirement
10.5 Mass Balance and Feedstock Conversion Rate
10.6 Key Market Drivers and Success Factors
11 Cellulose Acetate: Feedstock Analysis
11.1 Cellulose
11.1.1 Market Analysis
11.1.2 Price Analysis
11.1.3 Market Forecast
11.2 Acetic Acid
11.2.1 Market Analysis
11.2.2 Price Analysis
11.2.3 Market Forecast
11.3 Key Feedstock Suppliers
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Player Profiles
12.3.1 Eastman Chemical Company
12.3.2 Solvay
12.3.3 Celanese Corporation
12.3.4 Daicel Corporation
12.3.5 China National Tobacco Corporation
12.3.6 Mitsubishi Chemical Holdings
12.3.7 Sichuan Push Acetati Co.,Ltd
12.3.8 Rayonier Advanced Materials Inc.
12.3.9 Sappi Limited
For more information about this report visit https://www.researchandmarkets.com/r/blyfmn
