Market Overview:
The global cellulose triacetate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cellulose triacetate from various applications such as fibre, films, semipermeable membrane, and others. In terms of type, the wood-based cellulose triacetate segment is expected to dominate the market during the forecast period owing to its properties such as high tensile strength and stiffness. In terms of region, North America is expected to lead the global cellulose triacetate market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Cellulose Triacetate is a synthetic fiber created from cellulose, acetic acid and water. It is used in a variety of products such as eyeglasses, sunglasses, camera filters and medical supplies. Cellulose triacetate is important because it is durable, lightweight and transparent.
Wood-based Cellulose Triacetate:
Wood-based cellulose triacetate, also known as 4 acetyl phenol or 4AP, is a chemical compound and an acetylated derivative of cellulose. It is manufactured by the reaction of hydroxymethyl phenol with acetic acid and used in wood preservatives to inhibit fungal growth.
Corron-based Cellulose Triacetate:
Corron-based cellulose triacetate (CTA) is a water-soluble polymer, manufactured by the chemical synthesis of natural products. It is used as an intermediate in manufacturing cellulose triacetate film and sheets. CTA has high demand from various application industries including paper & pulp, adhesives & sealants, paints & coatings and pharmaceuticals among others owing to its superior properties such as excellent water solubility and good thermal stability.
Application Insights:
Fibre emerged as the dominant application segment and accounted for a revenue share of more than 60.0% in 2017. The product is widely used in the pulp and paper industry to produce high-quality papers with low acid content, brightness, smoothness, and opacity. It is also used as an ingredient in the production of tissue papers on account of its excellent tensile strength along with other cellulose derivatives such as xyloglucan gum and calcium hydrogen phosphate (CHP).
The films segment was valued over USD 40 million in 2017 owing to increasing demand from various end-use industries including packaging materials & containers, pharmaceuticals & cosmetics, food processing industries among others. Cellulose triacetate based film finds wide application scope due to its superior properties such as water resistance along with breathability that aids maximum utilization of product content while maintaining quality standards required by customers.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing demand for cellulose triacetate in various applications including films, fibres, and membranes. The presence of a large number of manufacturers coupled with low raw material costs in countries such as China and India are some factors that have contributed towards the growth of cellulose triacetate market in this region.
The wood-based segment dominated the global market accounting for over 80% share owing to high product availability at economical prices along with easy processing characteristics offered by wood products. In addition, growing consumption across end-use industries such as packaging and construction has supported regional growth over the past few years. Increasing investments by major players for production expansion is also likely to boost industry development over next eight years or so. For instance, In January 2016 Coronation Paper Manufacturing Co., Ltd.
Growth Factors:
- Increasing demand from end-use industries such as textiles, packaging, and automotive due to its properties such as high strength, stiffness, heat resistance, and dimensional stability.
- Rising awareness about the benefits of cellulose triacetate among consumers owing to its eco-friendly nature.
- Growing investments by key players in research and development activities to develop new applications for cellulose triacetate products.
- Expansion of production capacities by key manufacturers to cater to the increasing demand from global markets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cellulose Triacetate Market Research Report
By Type
Wood-based Cellulose Triacetate, Corron-based Cellulose Triacetate
By Application
Fibre, Films, Semipermeable Membrane, Others
By Companies
Eastman, Daicel Corporation Cellulose Company, Dow Chemical Company, Ryokou Acetate (Mitsubishi Rayon), Island Pyrochemical Industries, Fujifilm Hunt Chemicals, Sichuan Push Acetati Company, Eastman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Cellulose Triacetate Market Report Segments:
The global Cellulose Triacetate market is segmented on the basis of:
Types
Wood-based Cellulose Triacetate, Corron-based Cellulose Triacetate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fibre, Films, Semipermeable Membrane, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman
- Daicel Corporation Cellulose Company
- Dow Chemical Company
- Ryokou Acetate (Mitsubishi Rayon)
- Island Pyrochemical Industries
- Fujifilm Hunt Chemicals
- Sichuan Push Acetati Company
- Eastman
Highlights of The Cellulose Triacetate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wood-based Cellulose Triacetate
- Corron-based Cellulose Triacetate
- By Application:
- Fibre
- Films
- Semipermeable Membrane
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cellulose Triacetate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cellulose triacetate is a type of fiber that is made from the cellulose in plants. Cellulose triacetate is a strong and durable material that can be used to make products such as paper, insulation, and even plastic.
Some of the major players in the cellulose triacetate market are Eastman, Daicel Corporation Cellulose Company, Dow Chemical Company, Ryokou Acetate (Mitsubishi Rayon), Island Pyrochemical Industries, Fujifilm Hunt Chemicals, Sichuan Push Acetati Company, Eastman.
The cellulose triacetate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cellulose Triacetate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cellulose Triacetate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cellulose Triacetate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cellulose Triacetate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cellulose Triacetate Market Size & Forecast, 2020-2028 4.5.1 Cellulose Triacetate Market Size and Y-o-Y Growth 4.5.2 Cellulose Triacetate Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wood-based Cellulose Triacetate
5.2.2 Corron-based Cellulose Triacetate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fibre
6.2.2 Films
6.2.3 Semipermeable Membrane
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cellulose Triacetate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cellulose Triacetate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wood-based Cellulose Triacetate
9.6.2 Corron-based Cellulose Triacetate
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fibre
9.10.2 Films
9.10.3 Semipermeable Membrane
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wood-based Cellulose Triacetate
10.6.2 Corron-based Cellulose Triacetate
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fibre
10.10.2 Films
10.10.3 Semipermeable Membrane
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wood-based Cellulose Triacetate
11.6.2 Corron-based Cellulose Triacetate
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fibre
11.10.2 Films
11.10.3 Semipermeable Membrane
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wood-based Cellulose Triacetate
12.6.2 Corron-based Cellulose Triacetate
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fibre
12.10.2 Films
12.10.3 Semipermeable Membrane
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wood-based Cellulose Triacetate
13.6.2 Corron-based Cellulose Triacetate
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fibre
13.10.2 Films
13.10.3 Semipermeable Membrane
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cellulose Triacetate Market: Competitive Dashboard
14.2 Global Cellulose Triacetate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman
14.3.2 Daicel Corporation Cellulose Company
14.3.3 Dow Chemical Company
14.3.4 Ryokou Acetate (Mitsubishi Rayon)
14.3.5 Island Pyrochemical Industries
14.3.6 Fujifilm Hunt Chemicals
14.3.7 Sichuan Push Acetati Company
14.3.8 Eastman