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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:
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.
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.
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
Accelerate at a CAGR of 3.76%
APAC, North America, Europe, MEA, and South America
China, US, Japan, Russian Federation, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 03: Value chain analysis for diversified chemicals
Exhibit 04: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
Exhibit 08: Five forces analysis 2020 & 2025
Exhibit 09: Bargaining power of buyers
Exhibit 10: Bargaining power of suppliers
Exhibit 11: Threat of new entrants
Exhibit 14: Market condition - Five forces 2020
The segments covered in this chapter are:
Exhibit 15: Application - Market share 2020-2025 (%)
5.3 Filtration - Market size and forecast 2020-2025
Exhibit 17: Filtration - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Filtration - Year-over-year growth 2020-2025 (%)
5.4 Electronics - Market size and forecast 2020-2025
Exhibit 19: Electronics - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Electronics - Year-over-year growth 2020-2025 (%)
5.5 Textile and consumer goods - Market size and forecast 2020-2025
Exhibit 21: Textile and consumer goods - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Textile and consumer goods - Year-over-year growth 2020-2025 (%)
5.6 Packaging - Market size and forecast 2020-2025
Exhibit 23: Packaging - Market size and forecast 2020-2025 ($ million)
Exhibit 24: Packaging - Year-over-year growth 2020-2025 (%)
5.7 Others - Market size and forecast 2020-2025
Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
Exhibit 27: Market opportunity by Application
The segments covered in this chapter are:
Exhibit 28: Type - Market share 2020-2025 (%)
6.3 Fiber - Market size and forecast 2020-2025
Exhibit 30: Fiber - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Fiber - Year-over-year growth 2020-2025 (%)
6.4 Plastics - Market size and forecast 2020-2025
Exhibit 32: Plastics - Market size and forecast 2020-2025 ($ million)
Exhibit 33: Plastics - Year-over-year growth 2020-2025 (%)
Exhibit 34: Market opportunity by Type
Exhibit 36: Market share by geography 2020-2025 (%)
8.3 APAC - Market size and forecast 2020-2025
Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
8.4 North America - Market size and forecast 2020-2025
Exhibit 40: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 41: North America - Year-over-year growth 2020-2025 (%)
8.5 Europe - Market size and forecast 2020-2025
Exhibit 42: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 43: Europe - Year-over-year growth 2020-2025 (%)
8.6 MEA - Market size and forecast 2020-2025
Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
8.7 South America - Market size and forecast 2020-2025
Exhibit 46: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 47: South America - Year-over-year growth 2020-2025 (%)
Exhibit 49: Market opportunity by geography ($ million)
9.1.1 Growth of textile industry in APAC
9.1.2 Increase in demand for glass fibers from developing countries
9.1.3 Rise in demand for cellulose acetate for cigarette filter production
9.2.2 Growth in awareness about health risks associated with cigarettes
9.2.3 Increase in raw material prices
Exhibit 50: Impact of drivers and challenges
9.3.1 Product development of acetate filter tow
9.3.2 Innovation and product development in the cigarettes industry
9.3.3 Growing demand for cellulose acetate for additive manufacturing
Exhibit 55: Market positioning of vendors
Exhibit 56: Borregaard ASA - Overview
Exhibit 57: Borregaard ASA - Business segments
Exhibit 58: Borregaard ASA - Key offerings
Exhibit 59: Borregaard ASA - Segment focus
Exhibit 60: Celanese Corp. - Overview
Exhibit 61: Celanese Corp. - Business segments
Exhibit 62: Celanese Corp.-Key news
Exhibit 63: Celanese Corp. - Key offerings
Exhibit 64: Celanese Corp. - Segment focus
Exhibit 65: Daicel Corp. - Overview
Exhibit 66: Daicel Corp. - Product and service
Exhibit 67: Daicel Corp. - Key offerings
Exhibit 68: Eastman Chemical Co. - Overview
Exhibit 69: Eastman Chemical Co. - Business segments
Exhibit 70: Eastman Chemical Co. – Key news
Exhibit 71: Eastman Chemical Co. - Key offerings
Exhibit 72: Eastman Chemical Co. - Segment focus
Exhibit 73: Merck and Co. Inc. - Overview
Exhibit 74: Merck and Co. Inc. - Business segments
Exhibit 75: Merck and Co. Inc. – Key news
Exhibit 76: Merck and Co. Inc. - Key offerings
Exhibit 77: Merck and Co. Inc. - Segment focus
Exhibit 78: Mitsubishi Chemical Holdings Corp. - Overview
Exhibit 79: Mitsubishi Chemical Holdings Corp. - Business segments
Exhibit 80: Mitsubishi Chemical Holdings Corp. – Key news
Exhibit 81: Mitsubishi Chemical Holdings Corp. - Key offerings
Exhibit 82: Mitsubishi Chemical Holdings Corp. - Segment focus
Exhibit 83: Rayonier Advanced Materials Inc. - Overview
Exhibit 84: Rayonier Advanced Materials Inc. - Business segments
Exhibit 85: Rayonier Advanced Materials Inc. – Key news
Exhibit 86: Rayonier Advanced Materials Inc. - Key offerings
Exhibit 87: Rayonier Advanced Materials Inc. - Segment focus
Exhibit 88: Rotuba Extruders - Overview
Exhibit 89: Rotuba Extruders - Product and service
Exhibit 90: Rotuba Extruders - Key offerings
Exhibit 91: Sappi Ltd. - Overview
Exhibit 92: Sappi Ltd. - Product and service
Exhibit 93: Sappi Ltd. – Key news
Exhibit 94: Sappi Ltd. - Key offerings
Exhibit 95: Solvay SA - Overview
Exhibit 96: Solvay SA - Business segments
Exhibit 97: Solvay SA – Key news
Exhibit 98: Solvay SA - Key offerings
Exhibit 99: Solvay SA - Segment focus
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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