Cigarettes filters along with logistics industry to boost the demand for cellulose acetate
- Himanshu Patni
- December 23, 2021
- CHEMICAL, NEWS
- Cellulose Acetate Market, Cellulose Acetate Market growth, Cellulose Acetate Market share, Cellulose Acetate Market size, Cellulose Acetate Market trends
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Global Cellulose Acetate Market was valued at around US$ 4 billion in 2020 and is likely to showcase growth of ~4% during the forecast period (2021-2027). The most abundant natural polymer cellulose is used to prepare cellulose acetate by cellulose acetylation. Cellulose acetate has wide applications in manufacturing cigarette filter, textile & apparel, photographic films, and tapes & labels. Over the decades logistics industry is growing significantly which uses tapes while packaging, sealing, and splicing. Cellulose tape is a clear or translucent cellulose acetate film coated with a rubber/resin-based solvent which is adhesive in nature.
Thus, with increasing demand of tapes in packaging and transport industry; supply for cellulose acetate would propel. Further, cellulose acetate is used in textiles because of its relatively low cost, draping quality, softness, comfort, luster, and natural feel. The material is also used as a substrate for motion picture camera film. Although, reducing demand for photographic films due to advanced technologies would hamper the cellulose acetate market growth.
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The COVID-19 pandemic severely impacted several markets across the globe, particularly in India, the U.S., Spain, and other Western European nations. The pandemic also had a significant impact on the market for cellulose acetate, majorly attributable to the shutdown of manufacturing facilities in compliance with government regulations, to reduce the spread of disease. The shutdown of factories and warehouses caused additional losses to cellulose manufacturers as the previously manufactured and stocked cellulose acetate could not be sold due to temporary trade bans and reduced demand.
For a detailed analysis of the Covid-19 Impact on the Market browse through – https://univdatos.com/report/cellulose-acetate-market/
Based on type, the cellulose acetate market is segmented into fiber and plastic. Fiber category holds a considerable market share owing to increasing demand for cigarette filter due to increasing number of cigarette smokers globally and increasing use of cellulose acetate in textiles and apparels industry due to changing trends in fashion industry.
Based on application, the cellulose acetate market is divided into cigarette filters, textiles & apparels, LCD & photographic films, tapes & labels and others. Among all, cigarettes filters holds a lucrative market share this is mainly owing to surging demand for cigarettes which is very common among the youth nowadays. For instance, in 2019, 8 of every 100 adults aged 18–24 years and 17 of every 100 adults aged 25–44 years smoked cigarette in US.
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Additionally, the report provides detailed initiatives that are being taken in the field of cellulose acetate market. The market is classified into distinct regions including North America, Europe, Asia Pacific, and the Rest of World. Asia Pacific is likely to witness high growth due to increasing use of biodegradable paper bags in the region.
Global Cellulose Acetate Market Segmentation
Market Insight, by Type
Market Insight, by Application
- Cigarette Filters
- Textiles & Apparel
- LCD & Photographic Films
- Tapes & Labels
Market Insight, by Region
- North America
- Asia Pacific
- Rest of World
Top Company Profiles
- Arkema SA
- Eastman chemical Company
- Cerdia International GmbH
- Solvay Celanese Corporation
- Daicel Corporation
- China National Tobacco Corporation
- Mitsubishi Chemical Corporation
- Sichuan Push Acetati Co. Limited
- Rayonier Advanced Materials Inc.
- Sappi Limited