Cellulose Acetate Market Growth, Opportunity And Competitive Analysis 

IMARC Group has recently released a new research study titled “Cellulose Acetate Market Report by Application (Cigarette Filters, LCD, Yarn, Coating, Plastics and Films), and Region 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the cellulose acetate market?

The global cellulose acetate market size reached 2.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.4 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

What is cellulose acetate?

Cellulose acetate is a polymer manufactured by reacting natural cellulose with acetic anhydride and acetic acid in the presence of sulfuric acid (catalyst). It is biodegradable and widely used as a green alternative for plastics in various industries. It is primarily used to produce cigarette filters as it aids in smoke filtration by reducing tar and nicotine. Cellulose acetate also finds applications in photographic films, fashion accessories, tapes, coatings and diapers.

What are the growth prospects and trends in the industry?

The global cellulose acetate market is primarily driven by the increasing number of smokers and the growing inclination toward bioplastics. Additionally, the rising awareness regarding the adverse effects of prolonged exposure to tobacco smoke has escalated the demand for low tar cigarettes with longer filters, thereby contributing to the market growth. Furthermore, the widespread product adoption in the apparel and textile industry as an affordable silk fiber substitute has catalyzed the market growth. Other factors, including several product innovations, rapid industrialization, and stringent regulations against single-use plastics, are also anticipated to propel the market growth.

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Who are the key players operating in the industry?

The report covers the major market players including: 

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Application:

Breakup by Region:

Key Highlights of the Report:           

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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