Cellulose Acetate Market Size Worth 1,921.14 Kiloton By 2032 | CAGR: 4.6%

The global cellulose acetate market is expected to reach 1,921.14 kiloton by 2032, according to a new study by Polaris Market Research. The report, “Cellulose Acetate Market Share, Size, Trends, Industry Analysis Report, By Type (Fiber, Plastics); By Application; By Region; Segment Forecast, 2024- 2032,” provides detailed insight into current market dynamics and provides analysis on future market growth.

The increase in cigarette consumption is poised to drive the cellulose acetate market's CAGR forward. Cigarette consumption is projected to rise significantly in numerous low- and middle-income countries, driven by rapid economic progress and population expansion. Cellulose acetate plays a predominant role in manufacturing cigarette filters and is present in the vast majority of filters globally. These filters aid in the removal of tar and nicotine while preserving a desirable taste for smokers.

Moreover, the anticipated increase in demand from the textiles and apparel sectors is poised to propel industry growth in the forthcoming years. With its soft and absorbent properties, cellulose acetate is well-suited for various textile applications and can be easily dyed in a multitude of colors. Consequently, the projected rise in demand from the apparel industry, driven by evolving consumer preferences and the desire to keep up with ongoing fashion trends, is expected to result in a significant upsurge in cellulose acetate demand within the industry.

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Additionally, the increasing number of advancements made by diverse companies is projected to stimulate industry expansion. For instance, in February 2020, Eastman upgraded its Naia fiber line by introducing a novel cellulose staple fiber, offering a versatile and environmentally conscious material choice suitable for sustainable fashion. This development contributes to the revenue growth of the cellulose acetate market.

Cellulose Acetate Market Report Highlights

• In 2023, the fiber segment commands the largest market share, primarily driven by increased demand for fiber-based cellulose acetate, notably within the textile sector. This material is widely used in the production of diverse consumer goods, including cigarette filters, furniture, linings, felts, apparel, umbrellas, and carpets, showcasing its versatility and adaptability.
• In 2023, the cigarette filters category took the lead in the cellulose acetate market and is anticipated to maintain its dominant position in the industry moving forward. Cellulose acetate is extensively employed as a filtration material in cigarette filters due to its effective filtration properties and eco-friendly characteristics.
• In 2023, the Asia Pacific region dominated in the global market, boasting the largest market share. This dominance is fueled by demand across multiple sectors, including consumer goods, packaging, and textiles. Rising environmental consciousness among North American consumers is driving a preference for eco-friendly products, resulting in increased utilization of cellulose acetate in various consumer goods.
• The global key market players include Biosynth Carbosynth, Carbomer Inc, Celanese Corporation, Cerdia, Chemos, Daicel Corporation, Dongguan He-Hong Plastic Co Ltd, Eastman Chemical Company, Mitsubishi Chemical Group Corporation, Rotuba, Sappi, Sichuan Push Acetate Co., Ltd.

Polaris Market Research has segmented the Cellulose Acetate market report based on type, application, and region:

Cellulose Acetate, Type Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

• Fiber
• Plastics

Cellulose Acetate, Application Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

• Cigarette Filters
• Textiles & Apparel
• Photographic Films
• Tapes & Labels
• Others

Cellulose Acetate, Regional Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Cellulose Acetate Market Report Scope