Kenneth Research recently added a report on the Global Cellulose Acetate Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for Global Cellulose Acetate Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Cellulose acetate Market is valued at approximately USD 4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2019-2026.
Cellulose acetate is a partial synthetic composite and is attained by acetylation of the plant constituent cellulose. Wood pulp and cotton linens are the two-common source of cellulose. Cellulose is a high-performance thermoplastic polymer that has numerous adaptable properties. It is widely used in medical gauze, home furnishing, ribbons, coffin linings, woven satins, woven velvets, and others. Growing demand for cellulose acetate in emerging economies, and technological advancement are two driving factors of the market growth. Moreover, growing demand for advanced cellulose acetate in reducing exposure to toxicants and growing export from APAC countries coupled with rapid industrialization are creating growth opportunity in the market over the forecast period. However, price volatility of raw material is expected to hamper market growth.
The regional analysis of global Cellulose acetate market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America also witnesses satisfactory growth in the global Cellulose acetate market owing to high demand from food packaging and textiles industry. Europe is also witnessing considerable growth owing to increasing cloth and textile industry. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to growing research and development in developing countries such as India, China and Japan. Further, market in the APAC region is expected to drive owing to increased technological & infrastructural developments.
Major market player included in this report 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
Sappi
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Fiber
Plastic
By Application:
Cigarette Filters
Textiles & Apparel
Photographic Films
Tapes & Labels
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2022 to 2031
Target Audience of the Global Cellulose acetate Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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