Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Cellulose Acetate Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Cellulose Acetate Market?
The Cellulose Acetate market has seen significant growth recently. It has increased from a size of $5.44 billion in 2024 to $5.73 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%.
What Is the Forecasted CAGR for the Cellulose Acetate Market by 2029?
The cellulose acetate market is projected to reach $7.72 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.7%.
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What Are the Market Drivers in the Cellulose Acetate Industry?
The key Drivers in the cellulose acetate market are:
• Increased cigarette consumption globally due to economic development and population growth
• Rise in cigarette usage in low- and middle-income countries
• Dependency on cellulose acetate in the manufacture of cigarette filters
• The role of cellulose acetate filters in removing harmful substances while maintaining smoking experience.
What Is the Segment-Wise Breakdown of the Cellulose Acetate Market?
The cellulose acetatemarket covered in this report is segmented –
1) By Type: Fiber, Plastics
2) By Product: Cellulose Acetate Filament, Cellulose Ester Plastics, Cellulose Acetate Tow, Cellulose Acetate, Flakes, Other Products
3) By Application: Cigarette Filters, Textiles And Apparel, Photographic Films, Tapes And Labels, Other Applications
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Which Emerging Trends Are Driving Growth in the Cellulose Acetate Sector?
The key trends in the cellulose acetate market are:
• Strategic partnerships in the industry for innovation and competitive advantage are rising.
• There is a growing demand for high-performance materials, especially in 5G mmWave applications.
• The use of cellulose acetate and conductive inks and pastes for advanced material development is a noticeable trend.
• Cross-industry collaborations, such as with research institutes, are becoming more common.
Which Companies Are Dominating the Cellulose Acetate Market in Terms of Revenue?
The key players in the cellulose acetate market are:
• Sichuan Push Acetati Co. Ltd.
• China National Tobacco Corporation
• Dayang Chem (Hangzhou) Co. Ltd.
• Mitsubishi Chemical Holdings Corporation
• 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.
What Are the Regions Driving Demand in the Cellulose Acetate Market?
Asia-Pacific was the largest region in the cellulose acetate market in 2024
