LONDON, April 16, 2018 /PRNewswire/ -- The cellulose
acetate market is projected to grow at a CAGR of 5.07% from 2017 to
2022
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The cellulose acetate market is projected to grow from USD 3.81 billion in 2017 to USD 4.87 billion by 2022, at a CAGR of 5.07%
between 2017 and 2022. The growing demand for cellulose acetate in
various applications, such as woodworking, cigarette filters,
textiles & apparel, photographic films, and tapes & labels
is expected to fuel the growth of the cellulose acetate market,
while stringent regulations by regulatory bodies regarding wood
pulp procurement are expected to restrain the manufacturing of
cellulose acetate globally.
Textiles & apparel is projected to be the fastest-growing
application segment of the market during the forecast
period
Cellulose acetate gives fabrics a silk-like appearance; it can be
blended easily with fibers from other materials.Its texture is soft
and cool, and it is absorptive and breathable in nature.
Cellulose acetate is frequently used for linings in suits or coats
as well as for informal wear.Other examples of the use of cellulose
acetate in fabrics are home furnishings, such as window treatments
and upholstery.
APAC is the largest manufacturing hub for textiles and fabrics, in
terms of production and sales.Thailand, Vietnam, Indonesia, India, and China are the largest manufacturing and
assembly hubs, thereby attracting cellulose acetate manufacturers
to APAC for establishing R&D and manufacturing plants.
There is a growing demand for cellulose acetate in APAC due to the
presence of a large number of textile manufacturers in the
region.
Rising demand from Asia Pacific
is a key factor expected to drive the growth of the cellulose
acetate market
The Asia Pacific region is the
largest market for cellulose acetate and is expected to witness the
highest growth during the forecast period. High economic growth,
growth in manufacturing industries, availability of cheap labor,
growing cigarette smoking population, and global shift of
production facilities from developed markets to emerging markets
are some of the key factors driving the cellulose acetate market in
Asia Pacific.
In the process of determining and verifying the market size for
several segments and subsegments gathered through secondary
research, extensive primary interviews were conducted.
The break-up of the primary interviews is given below:
• By Company Type: Tier 1 – 27%, Tier 2 – 46%, and Others – 27%
• By Designation: C-level – 36%, Director-level – 28%, and Others –
36%
• By Region: Asia Pacific – 46%,
Europe – 27%, North America – 18%, South America-1%, and Middle East & Africa – 8%
Key companies profiled in this market research report include
Celanese (US), Mitsubishi Chemicals (Japan), China Tobacco Corporation
(China), Daicel (Japan), and Eastman Chemical Company (US),
among others.
Research Coverage:
The report covers the market for cellulose acetate and its
applications across different industry verticals and regions.It
aims at estimating the market size and potential of the cellulose
acetate market across different types, applications, and
regions.
The report also includes an in-depth competitive analysis of key
players in the market, along with their company profiles, recent
developments, and key growth strategies.
Reasons to buy the Report
The report will help market leaders/new entrants by providing them
the closest approximations of revenues in the cellulose acetate
market.This report will help stakeholders better understand the
market's competitive landscape and gain insights to position their
businesses and formulate market strategies.
The report will also help stakeholders understand the pulse of the
market, and acquire information on key market drivers, restraints,
challenges, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on cellulose
acetate offered by top market players
• Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new
product launches in the cellulose acetate market
• Market Development: Comprehensive information about lucrative
emerging markets – the report analyzes the markets for cellulose
acetate across varied regions
• Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the cellulose acetate market
• Competitive Assessment: In-depth assessment of market shares,
growth strategies, products, and manufacturing capabilities of
leading players in the cellulose acetate market
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