Cellulose Acetate Market Outlook Trends and Opportunities

The global Cellulose Acetate market is anticipated to expand significantly through 2028 due to the growing demand for cigarette filters. In 2016, 53930 metric tonnes of cigarette filters were produced in South Korea.

The global Adhesive Film market is expected to expand during the projected period due to increasing demand for cigarette filters as it is highly effective at reducing the amount of tar and other harmful substances that are inhaled when smoking. 

Cellulose acetate is used as a substitute for plastic across various industries as it is biodegradable. Cellulose Acetate is an ester of cellulose prepared by reacting cellulose with acetic acid and acetic anhydride in the presence of sulfuric acid. The major factors propelling the industry’s growth globally include technological advancements across various applications and growth in product requirements.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Cellulose Acetate market" 

In addition, it is projected that increasing consumer demand for packaging would fuel market expansion. Since these biodegradable plastic alternatives are used to wrap organic food, they are employed for both rigid and flexible packaging applications.

For Instance, Industrias del Acetato de Celulosa S.A. (INACSA) was purchased by Eastman Chemical Firm, a US-based chemical company, in July 2019. With the purchase of INACSA, Eastman gains a renowned yarn producer and a site in Europe, enhancing its capacity to support the global textile supply chain. The firm Industrias del Acetato de Celulosa S.A. (INACSA) is situated in Spain and produces cellulose acetate.

Moreover, cellulose acetate also be used as a thickener and viscosity enhancer in cosmetic formulations which is particularly useful in products such as lotions, creams, and gels, where it can improve the texture and feel of the product on the skin. Cellulose acetate can also increase the stability of these products, helping to prevent separation and improve shelf life. In addition, cellulose acetate also acts as a humectant that helps to attract and retain moisture in the skin, improving hydration and overall skin health by forming a barrier that prevents moisture loss, making it an ideal ingredient in moisturizers and other hydrating products.

For instance, Daicel Corporation produced BELLOCEA a spherical cellulose acetate for cosmetics.

Therefore, the growing utilization of cellulose acetate in various applications anticipates the growth of the Global Cellulose Acetate Market in the forecast years.

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Growing Demand for Cigarette Filters

Filter tobacco, additives, cigarette wrappers, and tobacco are the four main components of cigarettes. Cigarette filters are made to collect the particle smoke components and absorb the vapors from cigarettes. Filters also offer a mouthpiece that won't collapse while the cigarette is smoked and stops tobacco from entering the smoker's mouth. Most cigarette filters are now composed of cellulose acetate, with some also made of paper and rayon. A filter resembling cotton may be made by firmly packing two fragile cellulose acetate fibers. The flavor of cellulose acetate won out over a number of other materials that were explored.

Moreover, the need for cellulose acetate is also anticipated to rise due to advancements like new flavored cigarette filters with flavors including methanol, clove chocolate, and others, accelerating the growth of the cellulose acetate market in the upcoming years.

For instance, in 2022, India's government approved the Interest Equalization Scheme (IES) extension till 2024. The rates for IES have been revised as 3% for MSMEs (tobacco products have MSME registration) and 2% for manufacturers and merchant exporters.

Additionally, cellulose acetate also helps in the water treatment process as it is used as a membrane material for reverse osmosis (RO) and nanofiltration (NF) membranes. Cellulose acetate membranes have high selectivity, high flux, and low fouling rate thus these membranes are used to remove impurities, including dissolved solids and organic molecules, from water by applying pressure to the water, which results in water passing through while retaining the impurities, resulting in purified water. These cellulose acetate membranes also provide resistance to chlorine and other oxidizing agents, which can cause degradation in other membrane materials.

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Table of Content-Cellulose Acetate Market

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer
5. Global Cellulose Acetate Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Type (Fiber, Plastic)

5.2.2. By Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Others)

5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.4. By Company (2022)

5.3. Market Map

5.3.1. By Type

5.3.2. By Application

5.3.3. By Region

6. North America Cellulose Acetate Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. Pricing Analysis

6.4. North America: Country Analysis

6.4.1. United States Cellulose Acetate Market Outlook

6.4.1.1. Market Size & Forecast

6.4.1.1.1. By Value & Volume

6.4.1.2. Market Share & Forecast

6.4.1.2.1. By Type

6.4.1.2.2. By Application

6.4.2. Mexico Cellulose Acetate Market Outlook

6.4.2.1. Market Size & Forecast

6.4.2.1.1. By Value & Volume

6.4.2.2. Market Share & Forecast

6.4.2.2.1. By Type

6.4.2.2.2. By Application

6.4.3. Canada Cellulose Acetate Market Outlook

6.4.3.1. Market Size & Forecast

6.4.3.1.1. By Value & Volume

6.4.3.2. Market Share & Forecast

6.4.3.2.1. By Type

6.4.3.2.2. By Application

7. Europe Cellulose Acetate Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Pricing Analysis