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The increase in cigarette consumption are expected to drive innovation in cellulose acetate manufacturing, thus driving the market during the forecast period.

The global cellulose acetate market is expected to grow from $4.76 billion in 2022 to $5.11 billion in 2023, at a compound annual growth rate (CAGR) of 7.3%. The cellulose acetate market size is expected to grow to $6.47 billion in 2027 at a CAGR of 6.1%.

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Global Cellulose Acetate Market Segments Include:

• By Type: Fiber, Plastics
• By Product: Cellulose Acetate Filament, Cellulose Ester Plastics, Cellulose Acetate Tow, Cellulose Acetate Flakes, Other Products
• By Application: Cigarette Filters, Textiles and Apparel, Photographic Films, Tapes and Labels, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cellulose acetate market in 2021.

Major Market Players in the cellulose acetate market include Eastman Chemical Company, Solvay S.A., Celanese Corporation, Daicel Corporation, Mitsubishi Chemical Holdings, Sichuan Push Acetati Co. Ltd.

Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the cellulose acetate market. Key players operating in the cellulose acetate sector are focused on partnerships and collaborations to reinforce their positions. For instance, in May 2020, Eastman Chemical Company, a US-based specialty chemical producer and distributor, collaborated with Rotuba, a US-based cellulosic custom manufacturer. With the collaboration, the companies intended to produce face protection for medical staff during the COVID-19 epidemic. In accordance with this cooperation, Rotuba would produce 75,000–100,000 splash guards every week utilizing Eastman’s cellulose acetate. Moreover, in February 2020, Mazzucchelli 1849 S.p.A., an Italy-based manufacturer and distributor of cellulose acetate, collaborated with Eastman Chemical Company to develop and market acetate sheets produced with Eastman Acetate Renew, a cellulose diacetate that contains 60% bio-based and 40% verified recycled material.

The Cellulose Acetate Global Market Report 2023  provides a cellulose acetate market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cellulose acetate market forecast analyzes cellulose acetate market size, cellulose acetate market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cellulose acetate is a synthetic chemical formed by the acetylation of the plant material cellulose. Cellulose acetate is a nontoxic, nonirritant, and biodegradable cellulose derivative that is created primarily by the action of acetic acid, acetic anhydride, and sulfuric acid on cellulose and is used to make textile fibers, packaging sheets, photographic films, and varnishes.

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