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Cellulose Acetate Market Share, Size,Growth, Key Players, Outlook
and Forecasts to 2024 | Hexa Research
“ The global cellulose acetate market to reach 820.04 thousand tons by 2024.”
19 December 2018
The global cellulose acetate market to reach 820.04 thousand tons by 2024, driven by the increasing
consumption of cigarettes in developing nations and growth in the textile industry. Cellulose acetate tow is
used as a filter in the cigarette buds. Cigarette filters are used to cut down the overall tar and nicotine
content during cigarette consumption.
Growing use of cellulose acetate tow in the cigarettes is anticipated to boost the market for cellulose acetate.
Asia Pacific dominated the global cellulose acetate market in 2016 with the market share of 51.79% and is
expected to maintain its dominance over the forecast period. The region is projected to continue its
dominance due to the prevailing cigarette consumption rate in countries such as Indonesia and China. Rising
awareness about the ill effects of smoking and relative growth in electronic cigarette market is projec ted to
slow the demand for cellulose acetate tow in North America and Europe.
Cellulose acetate is used in many applications such as textile & apparel, cigarette filters, tapes and labels,
photographic films, extrusion & molding. Cigarette filter is the largest application by segment accounting for
around 80% of the market in 2016. Cigarette filter segment is expected to dominate the market over the
forecast period owing to increasing demand for low tar filters worldwide. The textile industry uses this
filament in the manufacturing of garments. The textile & apparel application segment is estimated to grow
because of the strong growth of textile industry in developing nations such as China and India. Cellulose
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