DUBLIN--(BUSINESS WIRE)--The "Cellulose Acetate Market by Type (Fiber, and Plastic) Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels), Region (North America, Europe, APAC, Middle East & Africa, South America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Cellulose Acetate Market, By Type
8 Cellulose Acetate Market, By Application
9 Cellulose Acetate Market, By Region
10 Competitive Landscape
11 Company Profiles
- Acordis Cellulostic Fibers
- Celanese Corporation
- China National Tobacco Corporation
- Daicel Corporation
- Eastman Chemical Company
- Mitsubishi Chemical Holdings Corporation
- Rayonier Advanced Materials
- Sichuan Push Acetati Co., Ltd.
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