Increasing Demand For The North America Cellulose Acetate Selling Through Online Sales Channels, Coupled With High Investment In R&D Of The North America Cellulose Acetate Market, Are Fueling The Market Growth.
North America Cellulose Acetate Market Size – Usd 4,550.2 Million In 2020, Growth - Cagr Of 6.4%, Trends – Increase In Demand For North America Cellulose Acetate In The Manufacture Of Cigarette Filters And Women’s Easy Wear Items.
The Global North America Cellulose Acetate Market Is Forecast To Reach Usd 7.01 Billion By 2027, According To A New Report By Reports And Data. North America Cellulose Acetate Is A Type Of Manufactured Synthetic Fiber From Cellulose Source. The Substance Derived Directly From North America Cellulose Acetate In Which At Least 92% Of The Hydroxyl Groups Are Acetylated, Is Called Triacetate Or Triacetate Cellulose Or Primary Acetate Cellulose. The Triacetate Is Further Hydrolyzed To Form The Secondary Acetate Or Diacetate, Contains Only About 76 Percent Acetylated Cellulose Groups. The Diacetate Fiber Is Officially Known As Regular Acetate Or Acetate, While The Triacetate Cellulose Fiber Is Called Triacetate Or The Secondary Acetate. The Continuous Expansion Of Cigarette Filters, Synthetic Fiber, Membrane Filters, Acetate Fiber-Based Inner-Garments, Easy-Case Garments, Less-Shrinking Clothes, And Dye Applications Are Expected To Drive The Demand Throughout The Forecast Period Primarily.
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Top Companies: Celanese Corporation, Eastman Chemical Company, Dupont De Nemours, Inc., Mitsubishi Rayon, China National Tobacco Corporation, Daicel Corporation, Acordis Cellulosic Fibers, Inc., Rayonier Advanced Materials, Solvay S.A., And Rayonier Advanced Materials, Among Others.
Key Companies In The Market Include:
Rising Interest For North America Cellulose Acetates Owing To Increasing Demand For Eco-Friendly, Cost-Efficient, Biodegradable, And Versatile North America Cellulose Acetate, Is The One Of The Prime Factors Expected To Fuel The Market For North America Cellulose Acetate Globally In The Forecast Period.
Growing Penetration Of The Online Retailing Businesses For The Chemicals And Materials, Especially In The Emerging Nations In The Asia Pacific, Is Helping The Market Grow By Broadening The Outreach In The Areas Where The Offline Vendors Are Unavailable. Also, Due To The Non-Involvement Of The Distributors In The Supply Chain Model, The Profit Margin Is Way More Than That Of The Offline Retailing Distribution Channel. The Online Retailing Is Expected To Gain A Market Share Of 26.2% By 2027.
North America Cellulose Acetates Are Used Mainly As A Raw Material For Fibers In Textile Production Or Is Converted Into North America Cellulose Acetate Tow, Used In Cigarette Filters. North America Cellulose Acetates And The Mixed Esters Are Also Used To Produce Transparent Thermoplastics. These Thermoplastics Have Exceptional Clarity, Excellent Mechanical Properties, And Are Easily Colored.
North America Is Forecasted To Witness Significant Growth In The Overall Market Due To Its Increasing Demand For North America Cellulose Acetate In Women Inner Garments & Lingerie And Cigarette Filters, Having Grown At A Cagr Of 7.6% During The Forecast Period. Us Possesses The Highest Market Share In This Region And Some Of The Vital Players Of The Market.
In January 2017, Eastman Chemical Company, A Us Based Chemical Processing & Manufacturing Company, Launched New Acetate Fiber Brand For Their Product Line-Ups. Earlier Eastman Was A Maker Of North America Cellulose Acetate For The Draperies & Bedspreads. The New Launch Of The Brand Of North America Cellulose Acetate Filament Fiber Is Intended To Be Used In The Production Of Women’s Intimate Apparel. The Fiber Is Sourced From Wood Pulp, Which Is Derived Exclusively From The Sustainably Managed And Certified Forests.
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Market Segmentation:
Type Outlook (Revenue: Usd Billion; Volume: Kilo Tons; 2020-2028)
- Acetate
- Triacetate
Sales Channel Outlook (Revenue: Usd Billion; Volume: Kilo Tons; 2020-2028)
- Online Retailing
- Offline Retailing
Processing Outlook (Revenue: Usd Billion; Volume: Kilo Tons; 2020-2028)
- Acetylation & Hydrolysis
- Dry Spinning Method
End-Use Verticals Outlook (Revenue: Usd Billion; Volume: Kilo Tons; 2020-2028)
- Cigarette Filters
- Textile & Apparel
- Photographic Films
- Tapes & Labels
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key Questions Covered In The Global North America Cellulose Acetate Market Report:
- What Is The Expected Market Size Of The Global North America Cellulose Acetate Market During The Forecast Period?
- What Factors Are Expected To Hamper Global North America Cellulose Acetate Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And Swot Analysis?
- Which Leading Players Are Operating In The Global North America Cellulose Acetate Market?
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