The Global Cellulose Acetate Fiber Market is forecast to reach USD 4,627.8 Million by 2028, according to a new report by Reports and Data. Cellulose acetate fiber is a type of manufactured synthetic fiber from cellulose source. The substance derived directly from cellulose acetate in which at least 92% of the hydroxyl groups are acetylated, is called triacetate or triacetate cellulose or primary acetate cellulose.
Market Overview:
The rise in materials and chemicals companies’ deployment of digital technologies to enhance efficiency gains and increase reliability are the key factors stimulating materials and chemicals industry trends. The industry players are allocating huge budgets for advanced sensing and automation machines to enhanced optimization of operations.
Materials and chemicals are used across various end-use industries such as manufacturing, medical & pharmaceutical, automotive, food tech, among others. New product launches, technological advancements, growing consumer demand variety in daily use items, and increasing automation in the industry will accrue to major revenue gains in the coming years. Also, increasing consumer awareness regarding energy-efficiency and associated demand for sustainable products will boost market growth during the forecast period.
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Further key findings from the report suggest
- Rising interest for cellulose acetate fibers owing to increasing demand for eco-friendly, cost-efficient, biodegradable, and versatile cellulose acetate, is the one of the prime factors expected to fuel the market for cellulose acetate globally in the forecast period.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2028.
- Cellulose acetate fibers possess superior properties, over other types, including high impact and mechanical strength, high transparency, and good resistance to a variety of chemicals. Along with that, the demand is supported by easy availability and wide acceptability of the product in various end-use industries.
- North America is forecast to witness significant growth in the overall market due to its increasing demand for cellulose acetate fiber in women inner garments & lingerie and cigarette filters, having grown at a CAGR of 7.6% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
- In January 2017, Eastman Chemical Company, a US based chemical processing & manufacturing company, launched new acetate fiber brand for their product line-ups. Earlier Eastman was a maker of cellulose acetate fiber for the draperies & bedspreads. The new launch of the brand of cellulose acetate filament fiber is intended to be used in the production of women’s intimate apparel. The fiber is sourced from wood pulp, which is derived exclusively from the sustainably managed and certified forests.
- Key participants include Celanese Corporation, Eastman Chemical Company, DuPont de Nemours, Inc., Mitsubishi Rayon, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulosic Fibers, Inc., Rayonier Advanced Materials, Solvay S.A., and Rayonier Advanced Materials, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/cellulose-acetate-fiber-market
For the purpose of this report, Reports and Data have segmented the global Cellulose Acetate Fiber Market on the basis of the application, sales channel, production, end-use verticals, and region:
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Acetate
- Triacetate
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Online Retailing
- Offline Retailing
Processing Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Acetylation & Hydrolysis
- Dry Spinning Method
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Cigarette Filters
- Textile & Apparel
- Membrane Filters
- Pigment & Dye
- Others
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Frequently asked questions addressed in the report:
- What is the projected growth rate of the global Cellulose Acetate Fiber market over the forecast period?
- What are the latest trending factors influencing market growth?
- What are the major factors driving the growth of the Global Cellulose Acetate Fiber Market?
- What are the risks and challenges existing in the industry?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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