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Globally, Asia Pacific accounted for the substantial market share of cellulose acetate and is estimated to lead
the overall market in the years to come. The reason behind the overall market growth could be increasing the
use of cellulose acetate in tapes & labels, cigarette filters, photographic films, and textiles & apparel.
Also, the availability of cheap labor in developing countries, high economic growth, and developing
manufacturing industries are another factors boosting overall market growth in the years to come. The
developing countries like India and China are the major consumers of cellulose acetate in this region.
North America and Europe are also estimated to have a positive influence on future growth. North America is
the second largest region with significant market share. However, Europe is estimated to grow at the highest
CAGR in the forecast period. The key players of the cellulose acetate market are Eastman Chemical Company,
Celanese, Daicel, Mitsubishi Chemicals, and China Tobacco Corporation. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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