Specialty & Fine Chemicals Industry Cellulose Acetate Market Size and Trends 2024 | Page 2

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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
acetate is also used in making protection films which are utilized in liquid crystal displays, spectacle frames,
and plastic handles. It has become popular as an eco-friendly plastic which is not harmful to skin and health.
Biodegradable and renewable nature of cellulose acetate is anticipated to boost the demand over the
forecast period.
Active companies in the market are adopting the strategy of merger & acquisition. For instance, in 2016,
Solvay signed a definitive agreement to acquire Eastman’s stake in their joint venture – Primester – and
becoming its sole owner.
Hexa Research has segmented the global cellulose acetate market based on product, application and reg ion:
Segmentation by Product, 2014 - 2024 (USD Million)
• Cellulose Acetate Tow
• Cellulose Acetate Filament
Segmentation by Application, 2014 - 2024 (USD Million)
• Cigarette Filters
• Textile & Apparel
• Photographic Films
• Tapes & Labels
• Extrusion &Molding
• Others
Segmentation by Region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
Key players analyzed:
• Daicel Corporation
• Eastman Chemical Company
• Mitsubishi Chemical Holding Corporation
• Solvay
• SK chemicals
• Rayonier Advanced Materials
• Tembec.com
• Sappi
• Borregaard
• Celanese Corporation
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/specialty-and-fine-chemicals-industry
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