Lucintel Forecasts the Global Cellulose Acetate Market to Reach $8 Billion by 2030
Lucintel Forecasts the Global Cellulose Acetate Market to Reach $8 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global cellulose acetate market looks promising with opportunities in the cigarette filters, textiles & apparel, photographic films, and tapes & labels markets. The global cellulose acetate market is expected to reach an estimated $8 billion by 2030 from $6 billion in 2024 at a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are the surging interest within the expanding textiles and apparel sector and increasing desire for eco-conscious, biodegradable, economical, and versatile cellulose acetate.
A more than 150-page report to understand trends, opportunity and forecast in cellulose acetate market to 2030 by type (fiber and plastics), application (cigarette filters, textiles & apparel, photographic films, tapes & labels, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that fiber will remain the larger segment over the forecast period due to the textile industrys rising appetite for fiber-based cellulose acetates.
Within this market, cigarette filters will remain the largest segment due to its exceptional filtration capabilities.
APAC will remain the largest region over the forecast period due to increasing appetite of local industries.
Eastman chemical Company, Solvay, Celanese Corporation, Daicel Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati, Rayonier Advanced Materials are the major suppliers in the cellulose acetate market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056