The global Cellulose Acetate Fiber market report published by Reports and Data offers a comprehensive overview of the market dynamics and recent events in the industry to help the user/reader to understand the market scenario. The report provides assessment of emerging and current market trends, drivers, constraints, limitations and opportunities that are may occur during the forecast period. The report sheds light on the market dynamics along with details about market size, market share, and revenue growth along with production and manufacturing of various products. The data is collected through extensive primary and secondary research and is evaluated by professionals and experts in the industry. The statistical data is well-presented in from of diagrams, charts, tables and other pictorial presentations for better user readability.
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The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Cellulose Acetate Fiber market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
Major Players Of This Market –
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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Further key findings from the report suggest
- Rising interest for cellulose acetate fibers owing to increasing demand for eco-friendly, cost-efficient, biodegradable, and versatile cellulose acetate, is the one of the prime factors expected to fuel the market for cellulose acetate globally in the forecast period.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2028.
- Cellulose acetate fibers possess superior properties, over other types, including high impact and mechanical strength, high transparency, and good resistance to a variety of chemicals. Along with that, the demand is supported by easy availability and wide acceptability of the product in various end-use industries.
- North America is forecast to witness significant growth in the overall market due to its increasing demand for cellulose acetate fiber in women inner garments & lingerie and cigarette filters, having grown at a CAGR of 7.6% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
- In January 2017, Eastman Chemical Company, a US based chemical processing & manufacturing company, launched new acetate fiber brand for their product line-ups. Earlier Eastman was a maker of cellulose acetate fiber for the draperies & bedspreads. The new launch of the brand of cellulose acetate filament fiber is intended to be used in the production of women's intimate apparel. The fiber is sourced from wood pulp, which is derived exclusively from the sustainably managed and certified forests.
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For the purpose of this report, Reports and Data have segmented the global Cellulose Acetate Fiber Market on the basis of the application, sales channel, production, end-use verticals, and region:
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Online Retailing
- Offline Retailing
Processing Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Acetylation & Hydrolysis
- Dry Spinning Method
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Cigarette Filters
- Textile & Apparel
- Membrane Filters
- Pigment & Dye
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- North America
- Asia Pacific
- Latin America
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