Global Cellulose Acetate Market Outlook to 2026: CAGR to Grow at 8.48% - Raw Material Price Volatility Is Hindering Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The “Cellulose Acetate - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the market accounted for $3.81 billion in 2017 and is expected to reach $7.93 billion by 2026 growing at a CAGR of 8.48% during the forecast period.
Some of the prominent trends that the market is witnessing include rising industrialization provides huge growth opportunity, expanding textile and apparel industry in BRIC nations and recent technological developments in cellulose acetate. Furthermore, demand for advanced cellulose acetate to reduce exposure to toxicants during smoking acts as major opportunity for the growth of the market. However, volatility of raw material prices, stringent regulations is hampering the market growth.
Based on product, the cellulose acetate tow segment fuels the market because it is a primary component used for the manufacturing of cigarette filters and extruded plastics.
By application, the textiles & apparels industry segment is expected to hold the highest market share due to the various properties that the product offer such as soft nature, heat resistance, and comfort. The increasing use of cellulose acetate as a replacement of silk owing to its low cost is expected to fuel the growth of the textile industry.
By geography, Asia Pacific is projected to be the fastest growing region due to the increased technological & infrastructural developments and large cigarette manufacturing industry in the region.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Cellulose Acetate Market, By Product
6 Global Cellulose Acetate Market, By Type
7 Global Cellulose Acetate Market, By Application
8 Global Cellulose Acetate Market, By Geography
9 Key Developments
10 Company ProfilingPrimester Rhodia Acetow GmbH Borregaard Mitsubishi Rayon Co. Ltd. Imperial Tobacco Group Daicel Corporation Solvay Acetow GmbH Rayonier Celanese Corporation Eastman Chemical Company Philip Morris International Sappi Buckeye Technologies Inc. Rotuba Extruders Tembec Inc. Albemarle Corporation SK Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/vcmqs8/global_cellulose?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005408/en/
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SOURCE: Research and Markets
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PUB: 08/28/2018 07:36 AM/DISC: 08/28/2018 07:36 AM