iCrowdNewswire Jan 8, 2021 11:00 PM ET
Increasing demand for the Cellulose Acetate Fiber selling through online sales channels, coupled with high investments in R&D of the Cellulose Acetate Fiber market, are fueling the market growth.
Market Size – USD 2.26 Billion in 2018, Market Growth – CAGR of 7.4%, Market Trends – Increase in demand for Cellulose Acetate Fiber in the manufacture of cigarette filters and women’s easy wear items.
Cellulose acetate fiber is a synthetic fiber made from cellulose sources. Raw cellulose extracted from cotton lint or wood pulp is purified and added with acetic anhydride and acetic acid for acetylation. The product formed is acetate flakes, are further hydrolysed to manufacture diacetate fibers or triacetate. These cellulose acetates are used to produce easy case garments, cigarette filters, dye, etc. The Cellulose Acetate Fiber market size is projected to grow at a rate of 7.4% in terms of value from 2019 to reach USD 4.33 billion by 2027.
Key participants include Celanese Corporation, Eastman Chemical Company, DuPont de Nemours, Inc., Mitsubishi Rayon, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulosic Fibers, Inc., Rayonier Advanced Materials, Solvay S.A., and Rayonier Advanced Materials, among others.
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The Global Cellulose Acetate Fiber market is driven by the fact that acetate fibers have demand in various commercial and industrial markets. The wide range of uses of dye, cigarette filters, acetate fiber-based inner-garments, less-shrinking clothes, synthetic fiber, easy-case garments, less-shrinking clothes, etc., is considered to be the major driving factor through the forecasted period. Though offline retail shops are dominating the market for the current time, it is estimated that in the online retailing segment will experience a high growth rate in the forecast period
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Processing Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Acetylation & Hydrolysis
- Dry Spinning Method
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Cigarette Filters
- Textile & Apparel
- Membrane Filters
- Pigment & Dye
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The Asia Pacific has the largest market share owing to the increasing number of smokers in this region. More than 40% of male smokers are from this region. The growing number of female smokers is the driving factor for its significant presence in the upcoming years. This region is forecasted to have a growth rate of 8.75% through 2027. Europe is projected to exhibit a CAGR of 6.4% in the forecasted period. With France and Netherland growing in cellulose acetate consumption, Europe is expected to retain significant market share in the forecasted period. Other than these regions, North America is also estimated to have a substantial presence in the cellulose acetate market owing to the developing apparel and textile sector.
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- North America
- Asia Pacific
- Latin America
Key Coverage of the Cellulose Acetate Fiber Market:
- Insightful information regarding the global Cellulose Acetate Fiber market
- Identification of growth in various segments and sub-segments of the Cellulose Acetate Fiber market
- Strategic recommendations for investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Accelerates the decision-making process through the availability of the drivers and limitations
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To summarize everything stated above, the report offers key insights into the Cellulose Acetate Fiber market to allow the reader to gain a complete understanding of the Global Cellulose Acetate Fiber Market through accurate estimations, a panoramic view of the market scenario, competitive landscape, factors influencing the growth of the market, driving factors, restraints, regulatory framework, growth prospects and opportunities, and factors propelling the market forward. The research study offers an in-depth view of the industry to offer a competitive edge to the reader and help them in formulating beneficial investment plans. The report provides a comprehensive overview of the market with facts relating to the past, present, and future of the Global Cellulose Acetate Fiber Market.
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