Cellulose Acetate Market Size, Share & Trends Analysis Report By Product (Fiber, Plastic), By Application (Cigarette Filters, LCD & Photographic Films, Textiles & Apparels, Tapes & Labels), By Region, And Segment Forecasts, 2024 - 2030
Cellulose Acetate Market Size & Trends
The global cellulose acetate market size was valued at USD 5.95 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. The market is driven by the rising demand for cellulose acetate in applications like textiles and apparel, additionally, the material's increasing popularity in the production of eyewear frames and photographic films is another key driver, with eyewear manufacturers preferring it due to its lightweight, durable, and flexible nature. The growing consumer demand for low-tar cigarettes globally and properties that extend the shelf life of food products are enhancing the market growth, with the rise in cigarette usage expected to propel the market ahead.
Cellulose acetate is a thermoplastic polymer derived from cellulose; a natural compound found in plants. It possesses several unique characteristics that make it a sought-after material in various industries. Cellulose acetate exhibits excellent transparency, UV resistance, and high impact strength, making it an ideal choice for the production of eyeglass frames, where its lightweight and durable nature is highly valued. Moreover, its ability to be easily molded and colored makes it suitable for the manufacturing of cigarette filters, where its porous structure effectively traps harmful particles while allowing the passage of air and smoke.
Global Cellulose Acetate Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global cellulose acetate market report based on product, application and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Fiber
Plastic
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Cigarette Filters
LCD & Photographic Films
Textiles & Apparels
Tapes & Labels
Other Applications
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Asia Pacific
China
Japan
India
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
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