Cellulose Acetate Fiber Market is Expected to Grow with a CAGR of 4.6% from 2022 to 2028
As stated in our extensive report, providing insights on Product Type, and Application; the Global Cellulose Acetate Fiber Market accounted for USD 4.9 Billion in 2021.
Cellulose Acetate Fiber are man-made or artificial fibers built of cellulose acetate. These fibers are made by ministering high purity pulp or purified cotton fluff with acetic anhydride. Flakes that are created through this process are then dissolved in a solvent to receive the spinning solution. Then the spinning stock solution is permitted to go through a spinneret with small diameters, which eventually gives rise to adequate filaments of acetate. While the extrusion process, the solvent gets evaporated in warm air, therefore the entire procedure is known as the dry spinning method. Cellulose Acetate Fiber can be categorized as diacetate fiber and triacetate cellulose acetate fiber. In diacetate fiber, the hydroxyl is acetylated in between 74% to 92%. If hydroxyl is acetylated by more than 92%, then the fiber is categorized as triacetate fiber. Since these fibers are fabricated with the help of high purity pulp, the result feels natural and gentle on the skin.
The changing movements in the fashion industry are major factors accountable for the growth of the global cellulose acetate market. Cellulose acetate is believed to be appropriate for textile application as it is comfy and absorbent and can be easily dyed in many different colors. Therefore, the increase in requirement in the clothing industry because of the changes in preferences of the consumers to keep themselves stylish and upgraded to the constant fashion changes has made a surge in demand and is responsible for the robust growth of the fabrics and apparel enterprise.
To prevent the further breach of the COVID virus, businesses have shut down their functions and manufacturing facilities, and the government restricted the production activities. This has led to a decrease in the consumption of cellulose acetate across applications. COVID-19 and pre-existing regulatory problems such as protracted permitting processes have slowed down the display of end-use industries, lowering the demand for cellulose acetate. Regardless, the requirement for cellulose acetate is anticipated to recover in 2021. However, the textile & apparel, cigarette, and other enterprises have resumed production activities and are soon anticipated to recover from the impact, resulting in the growth in demand for cellulose acetate.
The growing demand for environmentally amicable, biodegradable, cost-effective, and versatile cellulose acetate is also anticipated to expand the market growth. Cellulose acetate, which is utilized as a natural plastic is predicted to grow during the projected period this is due to its characteristics like strong durability, glistened shine, lustrous texture, and high translucency. In November 2020, the Celanese group introduced ‘Blueridge’, a cellulose acetate product line that can be utilized to create objects like straws that are compostable and largely biodegradable.
Asia Pacific predicated to maintain the maximum share of the Cellulose Acetate Fiber Market during the forecast period. This is attributed to the as the number of textile enterprises is increasing. The requirement for biodegradable fabric is very high and its benefit will enhance the sale of end products mainly in North America and Europe as there won’t be any stringent regulation against its usage thus boosting the growth of Cellulose Acetate Fiber Market in this region. Furthermore, the growing use of cellulose acetate in cigarette filters, photographic films, tapes & label applications, textiles & apparel, and ongoing projects will propel the growth of Cellulose Acetate Fiber Market in this region.
Some of the prominent players operating in the Global Cellulose Acetate Fiber Market are Eastman Chemical Company, Solvay, Celanese Corporation, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulostic Fibers, Mitsubishi Chemical Holdings Corporation, Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials and Sappi limited..
Browse the full Report - Cellulose Acetate Fiber Market by Type (Fiber, Plastics), by Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)