Pune, April 21, 2022 (GLOBE NEWSWIRE) -- Cellulose acetate is derived from cellulose, it is the acetate ester of cellulose. The overall market for cellulose acetate derivatives is witnessing growth owing to high demand from emerging economies. High demand from emerging economies is attributed to increasing infrastructural developments, technological advancements and increasing demand for specialty cellulose acetate from various end use applications. However, stringent government regulations and volatility in the prices of raw materials are the major factors curbing the market growth. Furthermore, due to shift in trend towards eco-friendly acetate, cigarette filters are another factor contributing towards the market growth. Various manufacturers are shifting their focus to develop effective and innovative filters for cigarettes from cellulose acetate.
The global cellulose acetate derivatives market was valued at approximately US$ 4,000 million in 2018 and it is anticipated to reach a CAGR over 5.6% during the forecast period from 2022 to 2030
Cellulose Acetate Derivatives Market by Region
Cellulose Acetate Derivatives Market By region, in 2021 Asia Pacific accounted for the largest share of the market and is projected to maintain its dominance throughout the forecast period of 2022 to 2030. Rising demand from various applications such as cigarette filters, coatings, extrusion & moldings is the major factor driving the market growth. North America and European market will witness substantial growth during the forecast period owing to high demand for biodegradable plastics and cellulose acetate derivatives has emerged a better alternative for it, in various applications.
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- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Eastman Chemical Company
- Celanese Corporation
- Daicel Corporation SHIMA SEIKI MFG., LTD.
- Sichuan Push Acetati Co; Ltd.
- Borregaard
- Mitsubishi Chemical Corporation
- Other Key Players
Vendor Assessment
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Cellulose Acetate Derivatives Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Cellulose Acetate Derivatives Market Dynamics, Covid-19 Impact on the Cellulose Acetate Derivatives Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Cellulose Acetate Derivatives Market Sizing, Analysis Tables
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Cellulose Acetate Derivatives Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Cellulose Acetate Derivatives Market?
- What is the impact of COVID-19 on the global Cellulose Acetate Derivatives Market?
- What are the top strategies that companies adopting in Cellulose Acetate Derivatives Market?
- What are the challenges faced by SME’s and prominent vendors in Cellulose Acetate Derivatives Market?
- Which region has the highest investments in Cellulose Acetate Derivatives Market?
- What are the latest research and activities in Cellulose Acetate Derivatives Market?
- Who are the prominent players in Cellulose Acetate Derivatives Market?
- What is the potential of the Cellulose Acetate Derivatives Market?
Additional vendors profiles can be added based on client business requirements
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