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Cellulose Acetate Market: By Product Type, By Application, By End-user, and Geography
Cellulose Acetate Market: By Product Type, By Application, By End-user, and Geography
Cellulose Acetate Market was valued at US$ 5,629.6 million in 2023 and is anticipated to grow at a CAGR of 5.1% from 2024-2030. The cellulose acetate market refers to the commercial activity that deals with the production, distribution, and consumption of cellulose acetate, a thermoplastic polymer derived from cellulose, a natural compound found in plant cell walls. It is produced through the acetylation of cellulose, resulting in a material with unique properties including biodegradability, transparency, and the ability to be molded into different forms, which has led to its extensive use in various end-use sectors.
Sustainability and environmental concerns is the primary factor that drives the cellulose acetate market. With increasing awareness of environmental issues and the harmful effects of conventional plastics, there is a growing demand for sustainable and eco-friendly materials. Cellulose acetate, being derived from renewable sources such as wood pulp, offers a biodegradable and compostable alternative to petroleum-based plastics. This aligns with consumer and industry preferences for reducing plastic waste and carbon footprint.
Moreover, the packaging industry is a significant consumer of cellulose acetate due to its transparency, moisture resistance, and biodegradability. As brands and consumers alike seek more sustainable packaging solutions, cellulose acetate has gained traction as an attractive option for various packaging applications, including food, cosmetics, and consumer goods.
However, limited mechanical and chemical strengths, such as moderate U.V. stability, high moisture absorption, and moderate chemical resistance can limit its use in applications in various industries. Meanwhile, exploring new geographic markets where environmental concerns and sustainability are gaining traction can open up growth opportunities for cellulose acetate amrket. Key manufactures are continuously involved in research and development activities to deliver innovative solution that can fulfil the rising demand from the end-use industries. For instance, in October 2020, Celanese launched BlueRidge cellulosic pellets as home compostable alternative to single-use plastics.
In May 2021, Eastman increased its capacity to produce Naia filament yarn at its Barcelona, S.L., site by 30% by mid-2021 and more than 50% by the end of 2022.
Study Period
2024-2030Base Year
2023CAGR
5.1%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
The growth of the textile and apparel industry significantly drives the cellulose acetate market due to the unique properties of cellulose acetate fibers that cater to the demands of this industry. Moreover, the textile and apparel industry's preference for sustainable, comfortable, and aesthetically pleasing materials has led to the increased use of cellulose acetate fibers. As consumers continue to prioritize eco-friendly fashion, the demand for cellulose acetate in textiles is expected to remain strong, driving the growth of the cellulose acetate market. Moreover, the biocompatibility, good film forming ability, and hypoallergenic nature of cellulose acetate have led to its use in healthcare applications such as wound dressings, surgical masks, and medical textiles. Additionally, cellulose acetate finds application in forming a semi-permeable coating on tablets, particularly in the context of osmotic pump-type tablets and microparticles designed to facilitate the controlled release of drugs.
Asia Pacific cellulose acetate market, led by countries such as China, Japan, and South Korea, is anticipated to lead over the forecasting years owing to rapid industrialization and urbanization. This fuels the demand for sustainable materials, including cellulose acetate. The region's booming textile and fashion industries are exploring cellulose acetate fibers for sustainable and comfortable clothing options. European countries, including Germany, France, and the United Kingdom, are at the forefront of sustainability initiatives. This drives the adoption of cellulose acetate, particularly in packaging and textiles. The European Union's stringent regulations against single-use plastics create a favorable environment for the use of biodegradable materials like cellulose acetate in packaging and consumer goods.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5,629.6 million |
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Market CAGR |
5.1% |
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By Product |
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By Application |
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By End User |
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The global cellulose acetate market size was valued at US$ 5,629.6 million in 2023 and is projected to grow at a CAGR of 5.1% from 2024-2030.
The healthcare innovations and development of cellulose acetates blends and composites are some of the major trends in the cellulose acetate market.
Growing demand for eco-friendly and sustainable packaging materials and regional market expansion are some of the factors that create potential opportunities for the growth of the cellulose acetate market.
Eastman Chemical Company, Cerdia International GmbH, Celanese Corporation, China National Tobacco Corporation, Solvay, Mitsubishi Chemical Holdings Corporation, Borregaard AS, Daicel Corporation, Rotuba Extruders, Sappi limited.Sichuan Push Acetati Co., Ltd., Acordis Cellulosic Fibers, and Rayonier Advanced Materials are a few companies operating in cellulose acetate market.
| 1.Executive Summary |
| 2.Global Cellulose Acetate Market Introduction |
| 2.1.Global Cellulose Acetate Market - Taxonomy |
| 2.2.Global Cellulose Acetate Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Cellulose Acetate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Cellulose Acetate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Cellulose Acetate Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fiber |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Plastics |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Cellulose Acetate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Cigarette Filters |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Textiles & Apparel |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Photographic Films |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Tapes & Labels |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Eyewear Frames |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Water Treatment |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Other |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Cellulose Acetate Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Tobacco |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Packaging |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Textiles |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Personal Care and Cosmetics |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Pharmaceuticals |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Consumer Goods |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Cellulose Acetate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Cellulose Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fiber |
| 9.1.2.Plastics |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Cigarette Filters |
| 9.2.2.Textiles & Apparel |
| 9.2.3.Photographic Films |
| 9.2.4.Tapes & Labels |
| 9.2.5.Eyewear Frames |
| 9.2.6.Water Treatment |
| 9.2.7.Other |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Tobacco |
| 9.3.2.Packaging |
| 9.3.3.Textiles |
| 9.3.4.Personal Care and Cosmetics |
| 9.3.5.Pharmaceuticals |
| 9.3.6.Consumer Goods |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Cellulose Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fiber |
| 10.1.2.Plastics |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Cigarette Filters |
| 10.2.2.Textiles & Apparel |
| 10.2.3.Photographic Films |
| 10.2.4.Tapes & Labels |
| 10.2.5.Eyewear Frames |
| 10.2.6.Water Treatment |
| 10.2.7.Other |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Tobacco |
| 10.3.2.Packaging |
| 10.3.3.Textiles |
| 10.3.4.Personal Care and Cosmetics |
| 10.3.5.Pharmaceuticals |
| 10.3.6.Consumer Goods |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Cellulose Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fiber |
| 11.1.2.Plastics |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Cigarette Filters |
| 11.2.2.Textiles & Apparel |
| 11.2.3.Photographic Films |
| 11.2.4.Tapes & Labels |
| 11.2.5.Eyewear Frames |
| 11.2.6.Water Treatment |
| 11.2.7.Other |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Tobacco |
| 11.3.2.Packaging |
| 11.3.3.Textiles |
| 11.3.4.Personal Care and Cosmetics |
| 11.3.5.Pharmaceuticals |
| 11.3.6.Consumer Goods |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Cellulose Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fiber |
| 12.1.2.Plastics |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Cigarette Filters |
| 12.2.2.Textiles & Apparel |
| 12.2.3.Photographic Films |
| 12.2.4.Tapes & Labels |
| 12.2.5.Eyewear Frames |
| 12.2.6.Water Treatment |
| 12.2.7.Other |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Tobacco |
| 12.3.2.Packaging |
| 12.3.3.Textiles |
| 12.3.4.Personal Care and Cosmetics |
| 12.3.5.Pharmaceuticals |
| 12.3.6.Consumer Goods |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Cellulose Acetate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Fiber |
| 13.1.2.Plastics |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Cigarette Filters |
| 13.2.2.Textiles & Apparel |
| 13.2.3.Photographic Films |
| 13.2.4.Tapes & Labels |
| 13.2.5.Eyewear Frames |
| 13.2.6.Water Treatment |
| 13.2.7.Other |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Tobacco |
| 13.3.2.Packaging |
| 13.3.3.Textiles |
| 13.3.4.Personal Care and Cosmetics |
| 13.3.5.Pharmaceuticals |
| 13.3.6.Consumer Goods |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Eastman Chemical Company |
| 14.2.2.Cerdia International GmbH |
| 14.2.3.Celanese Corporation |
| 14.2.4.China National Tobacco Corporation |
| 14.2.5.Solvay |
| 14.2.6.Mitsubishi Chemical Holdings Corporation |
| 14.2.7.Borregaard AS |
| 14.2.8.Daicel Corporation |
| 14.2.9.Rotuba Extruders |
| 14.2.10.Sappi limited |
| 14.2.11.Sichuan Push Acetati Co., Ltd. |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.