Cellulose Acetate Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

Published: Jun 2021 Pages: 120 SKU: IRTNTR44111

The cellulose acetate market share is expected to increase by USD 1.07 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.76%.

This cellulose acetate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cellulose acetate market segmentation by type (fiber and plastics), application (filtration, electronics, textile and consumer goods, packaging, and others), and geography (APAC, North America, Europe, MEA, and South America). The cellulose acetate market report also offers information on several market vendors, including 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 among others.

What will the Cellulose Acetate Market Size be During the Forecast Period?

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Cellulose Acetate Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of the textile industry in APAC is notably driving the cellulose acetate market growth, although factors such as stringent regulations and policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cellulose acetate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cellulose Acetate Market Driver

One of the key factors driving the global cellulose acetate market growth is the growth of the textile industry in APAC owing to its excellent comfort and strength and silky luster. For instance, in 2018, China and India collectively accounted for 58%-61% of the global textile market. Moreover, capacity expansions by textile vendors in APAC have contributed to the textiles market growth in APAC. In January 2019, Aditya Birla Management Corp. Pvt. Ltd. (Aditya Birla Management) proposed to invest USD 1.06 billion for setting up textile production units and capacity expansions in Gujarat, India. Thus, the emergence of India and China as the manufacturing hub for textiles in APAC is one of the major factors expected to drive the adoption of cellulose acetate during the forecast period.

Key Cellulose Acetate Market Trend

Another key factor driving the global cellulose acetate market growth is the product development of acetate filter tow. Companies, including Celanese and Cerdia International GmbH (Cerdia International), have developed new products with improved performance and durability. In June 2018, Celanese announced the launch of the newly regulated product (RP) category in the acetate tow market to encompass the complex and challenging regulatory frameworks. Moreover, in July 2017, Cerdia International introduced Cerdia DE-Tow, the cellulose acetate filter tow with enhanced biodegradability. The products undergo a minimum of 90% biodegradation after 56 days of disposal. The product was also certified by the independent certification body TUV Austria. Such product developments are expected to positively impact the global cellulose acetate market during the forecast period.

Key Cellulose Acetate Market Challenge

One of the key challenges to the global cellulose acetate market growth is the stringent regulations and policies. The Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) impose stringent regulations on the use of cellulose acetate as an indirect food additive. The US Food and Drug Administration (FDA) also imposes strict regulations on the use of cellulose acetate. Under the Code of Federal Regulation (CFR) 21 Part 175. The European Union (EU) specifies guidelines under the regulation EU- No 10/2011 on the use of indirect food additives, including cellulose acetate. Compliance with these standards increases the production cost. Thus, such policies are expected to restrict market growth during the forecast period.

This cellulose acetate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cellulose acetate market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cellulose acetate market during the forecast period.

Who are the Major Cellulose Acetate Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Solvay SA

 

This statistical study of the cellulose acetate market encompasses successful business strategies deployed by the key vendors. The cellulose acetate market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Merck and Co. Inc - The company offers cellulose acetate under the brand, MF-Millipore.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cellulose acetate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cellulose Acetate Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cellulose acetate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global diversified chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Cellulose Acetate Market?

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57% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for cellulose acetate in APAC. 

The rapid expansion of the textile industry in emerging economies such as China and India will facilitate the cellulose acetate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had an adverse effect on several end-user industries in 2020. Countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines declared either a partial or full lockdown due to the outbreak. As the mortality rate from COVID-19 is high, end-user manufacturers closed or halted their production units, which restricted the growth of the regional cellulose acetate market in 2020. However, with the lifting of lockdowns and restrictive measures, regional manufacturing industries are expected to grow gradually, which, in turn, will propel the growth of the regional cellulose acetate market during the forecast period.

What are the Revenue-generating Type Segments in the Cellulose Acetate Market?

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The cellulose acetate market share growth by the fiber segment will be significant during the forecast period. The growth is attributed to the easy availability, low cost, and wide acceptability of cellulose acetate among end-user industries, including cigarettes and textiles, owing to its excellent filtration properties and strength.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cellulose acetate market size and actionable market insights on post COVID-19 impact on each segment.

 

Cellulose Acetate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.76%

Market growth 2021-2025

$ 1.07 billion

Market structure

Concentrated

YoY growth (%)

2.23

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 57%

Key consumer countries

China, US, Japan, Russian Federation, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cellulose Acetate Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cellulose acetate market growth during the next five years
  • Precise estimation of the cellulose acetate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cellulose acetate industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cellulose acetate market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 01: Parent market

               **2.2: Market Characteristics

                            *Exhibit 02: Market Characteristics

               **2.2 Value chain analysis           

                              *Exhibit 03: Value chain analysis for diversified chemicals

                              *2.2.1 Inputs

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

                              *2.2.6 Support activities

                              *2.2.7 Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 04: Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 05: Market segments

               **3.3 Market size 2020 

               **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 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 08: Five forces analysis 2020 & 2025

               **4.2 Bargaining power of buyers            

                              *Exhibit 09: Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 10: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 11: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 12: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 13: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 14: Market condition - Five forces 2020

***5. Market Segmentation by Application                       

               **5.1 Market segments

                              *The segments covered in this chapter are:

  • *Filtration
  • *Electronics
  • *Textile and consumer goods
  • *Packaging
  • *Others

                              *Exhibit 15: Application - Market share 2020-2025 (%)

               **5.2 Comparison by Application             

                              *Exhibit 16: Comparison by Application

               **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)

                              *5.7.1 Water treatment

                              *5.7.2 Medical and personal care

                              *5.7.3 Print lamination

                              *5.7.4 Sporting goods and toys

                              *Exhibit 26: Others - Year-over-year growth 2020-2025 (%)

               **5.8 Market opportunity by Application              

                              *Exhibit 27: Market opportunity by Application

***6. Market Segmentation by Type                    

               **6.1 Market segments

                              *The segments covered in this chapter are:

  • *Fiber
  • *Plastics

                              *Exhibit 28: Type - Market share 2020-2025 (%)

               **6.2 Comparison by Type          

                              *Exhibit 29: Comparison by Type

               **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 (%)

               **6.5 Market opportunity by Type          

                              *Exhibit 34: Market opportunity by Type

***7. Customer landscape                        

               **7.1 Customer landscape          

                              *Exhibit 35: Customer landscape

***8. Geographic Landscape                    

               **8.1 Geographic segmentation

                              *Exhibit 36: Market share by geography 2020-2025 (%)

               **8.2 Geographic comparison    

                              *Exhibit 37: Geographic comparison

               **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 (%)

               **8.8 Key leading countries        

                              *Exhibit 48: Key leading countries

               **8.9 Market opportunity by geography

                              *Exhibit 49: Market opportunity by geography ($ million)

***9. Drivers, Challenges, and Trends                  

               **9.1 Market drivers      

                              *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 Market challenges              

                              *9.2.1 Stringent regulations and policies

                              *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 Market trends      

                              *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

***9. Vendor Landscape                            

               **10.1   Competitive scenario     

               **10.2   Vendor landscape           

                              *Exhibit 51: Vendor Landscape

               **10.3   Landscape disruption     

                              *Exhibit 52: Landscape disruption

               **10.4   Industry risks     

                              *Exhibit 53: Industry risks

***11.   Vendor Analysis                             

               **11.1   Vendors covered             

                              *Exhibit 54: Vendors covered

               **10.2 Market positioning of vendors   

                              *Exhibit 55: Market positioning of vendors

               **11.3 Borregaard ASA 

                              *Exhibit 56: Borregaard ASA - Overview

                              *Exhibit 57: Borregaard ASA - Business segments

                              *Exhibit 58: Borregaard ASA - Key offerings

                              *Exhibit 59: Borregaard ASA - Segment focus

               **11.4 Celanese Corp.   

                              *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

               **11.5 Daicel Corp.        

                              *Exhibit 65: Daicel Corp. - Overview

                              *Exhibit 66: Daicel Corp. - Product and service

                              *Exhibit 67: Daicel Corp. - Key offerings

               **11.6 Eastman Chemical Co.    

                              *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

               **11.7 Merck and Co. Inc.           

                              *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

               **11.8 Mitsubishi Chemical Holdings Corp.         

                              *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

               **11.9 Rayonier Advanced Materials Inc.             

                              *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

               **11.10 Rotuba Extruders           

                              *Exhibit 88: Rotuba Extruders - Overview

                              *Exhibit 89: Rotuba Extruders - Product and service

                              *Exhibit 90: Rotuba Extruders - Key offerings

               **11.11 Sappi Ltd.          

                              *Exhibit 91: Sappi Ltd. - Overview

                              *Exhibit 92: Sappi Ltd. - Product and service

                              *Exhibit 93: Sappi Ltd. – Key news

                              *Exhibit 94: Sappi Ltd. - Key offerings

               **11.12 Solvay SA           

                              *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

***12. Appendix                           

               **12.1 Scope of the report         

                              *12.1.1 ????Market definition

                              *12.1.2 ????Objectives

                              *12.1.3 ????Notes and caveats

               **12.2 Currency conversion rates

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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