Natural plastics are expected to fuel industry expansion over the projected period due to their qualities such as high durability, glistened shine, lustrous texture, and high transparency.
JERSEY CITY, N.J., Sept. 21, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Cellulose Acetate Market" By Type (Plastic, Fiber), By Application (Photographic Films, Cigarette Filters, Tapes And Labels, Textiles And Apparel), and By Geography.
According to the extensive research done by Verified Market Research experts, the Cellulose Acetate Market size was valued at USD 4.03 Billion in 2020 and is projected to reach USD 5.93 Billion by 2028, growing at a CAGR of 5.08 % from 2021 to 2028.
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Browse in-depth TOC on "Cellulose Acetate Market"
202 - Pages
126 - Tables
37 - Figures
Key Developments
Product Launches and Product Expansions
- In November 2020, Sappi which is the leading company in dissolving pulp has announced a partnership with Birla Cellulose which is a leading manufacturer of the textile value chain. The partnership is aimed at providing a forest-to-garment traceability solution for the brand owners. This partnership will strengthen the company's sustainability credentials in the textile industry.
Partnerships, Collaborations and Agreements
- In October 2020, BlueRidge Cellulosic Pellets which is a naturally transparent material based on Cellulose Acetate has been launched by Celanese Corporation. In addition, it is a solution that is economic, attractive, and sustainable alternatives to recycle single-use plastics.
Global Cellulose Acetate Market Overview
Cellulose acetate is a chemical product produced by reacting cellulose with acetic acid and anhydride in the presence of a catalyst (sulphuric acid). A cellulose ester is a natural plastic made from purified natural cellulose. This natural plastic and natural cellulose are reacted with an anhydride in the manufacturing process, which results in flake form, which is then crushed to a fine powder. It cannot, however, be converted into thermoplastic processing while in its original state. While it may be processed using standard plastics processing methods when it is in compound form, it must be dissolved in a solvent for this. As a biodegradable alternative to plastics, cellulose ester is used in a variety of sectors.
People who smoke are becoming more prevalent, especially in developing nations like those mentioned. Its growing demand in textiles and apparel, growing use of cellulose acetate in home furnishings goods, and its expanding use as a biodegradable plastic in numerous other industries are a few of the other considerations. Additionally, cellulose acetate, which is biodegradable and reduces overall nicotine and tar intake, played a significant role in the creation of cigarette filters. A growing inclination for natural plastic and recent technological advancements in cellulose acetate are favourably expected in boosting the expansion of the global cellulose acetate market. Rapid industrialisation around the globe is giving enormous potential opportunities. Technology development, the need for enhanced cellulose acetate to lessen cigarette smoke's hazardous effects, and undiscovered potential in emerging countries all present favorable growth prospects.
Key Players
The major players in the market are Eastman Chemical Company, Solvay, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulostic Fibers, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials and Sappi limited.
Verified Market Research has segmented the Global Cellulose Acetate Market On the basis of Type, Application, and Geography.
- Cellulose Acetate Market, by Type
- Plastic
- Fiber
- Cellulose Acetate Market, by Application
- Photographic Films
- Cigarette Filters
- Tapes & Labels
- Textiles & Apparel
- Cellulose Acetate Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Top 5 Nanocellulose Manufacturers applying high-impact force for getting final product
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