Cellulose Acetate Global Market Report 2024

The cellulose acetate market size has grown strongly in recent years. It will grow from $5.1 billion in 2023 to $5.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. Historical growth was driven by several factors, including the demand from the film and photography industry, utilization in cigarette filters, applications within the textile industry, manufacturing of consumer goods, the need for acetate tow, and increased applications in the biomedical field.

The cellulose acetate market size is expected to see strong growth in the next few years. It will grow to $7.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. Anticipated growth in the upcoming period is connected to the transition towards biodegradable materials, the expanding eyewear market, advancements in biomedicine, the growth of the textile industry, and the rising popularity of sustainable fashion trends. Major trends expected in this forecast period encompass the adoption of bio-based cellulose acetate, the customization of acetate blends, the utilization of cellulose acetate butyrate (CAB), innovations in film and coating applications, as well as market consolidation and acquisitions within the industry.

The anticipated surge in cigarette consumption is set to drive the expansion of the cellulose acetate market. This growth is attributed to rapid economic advancements and population increases in low- and middle-income countries, fostering an expected rise in cigarette usage. Cellulose acetate holds a pivotal role in crafting cigarette filters, which dominate the global market. These filters are instrumental in effectively removing tar and nicotine while ensuring an enhanced smoking experience for users. For example, as per the Centers for Disease Control and Prevention's March 2022 data, approximately 40 million US adults remained active cigarette smokers, with an estimated 2.55 million middle and high school students using various tobacco products, including e-cigarettes. Disturbingly, around 1,600 youth under 18 years old initiated their first cigarette use daily. Consequently, the burgeoning consumption of cigarettes serves as a significant driving factor fueling the expansion of the cellulose acetate market.

The expanding personal care industry serves as a key driver propelling the growth of the cellulose acetate market. The personal care sector encompasses the development, manufacturing, and distribution of products catering to personal hygiene, aesthetic enhancement, and overall wellness. Cellulose acetate finds extensive use in various personal care items such as body lotions, shampoos, face creams, and cold creams due to its exceptional binding, thickening, stabilizing, and moisturizing characteristics. For instance, as per data from the Financial Express in 2021, an Indian daily, India's beauty and personal care market surged to an estimated $25.9 billion in 2020 and is forecasted to achieve $32.7 billion by 2023. This notable growth trend emphasizes the opportune landscape for operating direct-to-consumer beauty and personal care brands in India. Consequently, the flourishing personal care industry stands as a driving force fueling the growth trajectory of the cellulose acetate market.

Prominent players in the cellulose acetate market are strategically pursuing partnerships to gain a competitive advantage. These collaborations are geared toward creating innovative solutions that cater to the increasing demand for advanced materials in 5G mmWave applications. As an illustration, in June 2023, Celanese Corporation, a US-based materials company, joined forces with Micromax Electronic Inks and Pastes, a Celanese Corporation brand, and Industrial Technological Research Institute (ITRI), a Taiwan-based research institute. This partnership aims to capitalize on Celanese's cellulose acetate expertise and Micromax's expertise in conductive inks and pastes to develop cutting-edge materials for 5G wireless devices.

Prominent companies in the cellulose acetate market are actively pursuing strategic partnerships to establish a competitive advantage. These collaborations are aimed at developing sustainable acetate, a pivotal initiative in reducing the environmental footprint of the eyewear industry. For instance, in March 2022, German-based eyewear design manufacturer MYKITA GmbH forged a partnership with Eastman Chemical Company, a US-based chemical industry firm. Through this alliance, MYKITA GmbH is committed to replacing its entire acetate supply with the eco-friendly alternative, Acetate Renew, ensuring identical material properties to traditional acetate without compromising quality. This transition involves employing Carbon Renewal Technology (CRT) to convert hard-to-recycle waste back into its original molecules.

In November 2022, Celanese Corporation, a US-based materials company, completed the acquisition of DuPont de Nemours, Inc.'s Mobility And Materials business for $11 billion. Through this strategic move, Celanese Corporation intends to optimize its portfolio and redirect resources toward sectors exhibiting greater growth potential. DuPont de Nemours Inc., a US-based chemicals company known for its cellulose acetate offerings, was the seller in this acquisition.

Major companies operating in the cellulose acetate market report are Sichuan Push Acetati Co. Ltd., China National Tobacco Corporation, Dayang Chem (Hangzhou) Co. Ltd., Mitsubishi Chemical Holdings Corporation, Merck Group, Asahi Kasei Corporation, Toray Industries Inc., Solvay S.A., Eastman Chemical Company, Celanese Corporation, Showa Denko K.K., Teijin Limited, Sappi Limited, Kaneka Corporation, Daicel Corporation, Kuraray Co. Ltd., Toyobo Co. Ltd., SK Chemicals Co. Ltd., Rayonier Advanced Materials Inc., Nippon Acetate Co. Ltd., Mazzucchelli 1849 S.p.A., Unitika Ltd., Cerdia International GmbH, Borregaard ASA, Acetex Corporation, Tianjin NAT Technology Co. Ltd., Rotuba Extruders Inc., Haihang Industry Co. Ltd., Youngbo Textile Co. LTD., Acetati S.p.A., Acetylation Industries Inc.

Asia-Pacific was the largest region in the cellulose acetate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulose acetate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cellulose acetate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cellulose acetate primarily exists in two forms such as fiber and plastic. Cellulose acetate fibers are manufactured by treating refined cellulose (obtained from linters or wood pulp) with acetic acid and acetic anhydride. These fibers find application in textile production and as substrates for motion picture camera film. Additionally, cellulose acetate is available in various by-products such as cellulose acetate filament, cellulose ester plastics, cellulose acetate tow, cellulose acetate flakes, among others. It is extensively used in diverse applications including cigarette filters, textiles, photographic films, tapes, labels, and more.

The cellulose acetate market research report is one of a series of new reports that provides cellulose acetate market statistics, including cellulose acetate industry global market size, regional shares, competitors with a cellulose acetate market share, detailed cellulose acetate market segments, market trends and opportunities, and any further data you may need to thrive in the cellulose acetate industry. This cellulose acetate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cellulose acetate market consists of sales of different types of cellulose acetate, including cellulose diacetate and cellulose triacetate. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.