Cellulose Acetate Market to Reach 820.04 Thousand Tons By 2024

The global Cellulose Acetate Market to reach 820.04 thousand tons by 2024, driven by the increasing consumption of cigarettes in developing nations and growth in the textile industry. Cellulose acetate tow is used as a filter in the cigarette buds. Cigarette filters are used to cut down the overall tar and nicotine content during cigarette consumption.

Growing use of cellulose acetate tow in the cigarettes is anticipated to boost the market for cellulose acetate. Asia Pacific dominated the global cellulose acetate market in 2016 with the market share of 51.79% and is expected to maintain its dominance over the forecast period. The region is projected to continue its dominance due to the prevailing cigarette consumption rate in countries such as Indonesia and China. Rising awareness about the ill effects of smoking and relative growth in electronic cigarette market is projected to slow the demand for cellulose acetate tow in North America and Europe.

Cellulose acetate is used in many applications such as textile & apparel, cigarette filters, tapes and labels, photographic films, extrusion & molding. Cigarette filter is the largest application by segment accounting for around 80% of the market in 2016. Cigarette filter segment is expected to dominate the market over the forecast period owing to increasing demand for low tar filters worldwide. The textile industry uses this filament in the manufacturing of garments. The textile & apparel application segment is estimated to grow because of the strong growth of textile industry in developing nations such as China and India. Cellulose acetate is also used in making protection films which are utilized in liquid crystal displays, spectacle frames, and plastic handles. It has become popular as an eco-friendly plastic which is not harmful to skin and health. Biodegradable and renewable nature of cellulose acetate is anticipated to boost the demand over the forecast period.

Active companies in the market are adopting the strategy of merger & acquisition. For instance, in 2016, Solvay signed a definitive agreement to acquire Eastman’s stake in their joint venture – Primester – and becoming its sole owner.

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Hexa Research has segmented the global cellulose acetate market based on product, application and region:

Segmentation by Product, 2014 - 2024 (USD Million)

• Cellulose Acetate Tow

• Cellulose Acetate Filament

Segmentation by Application, 2014 - 2024 (USD Million)

• Cigarette Filters

• Textile & Apparel

• Photographic Films

• Tapes & Labels

• Extrusion & Molding

• Others

Segmentation by Region, 2014 - 2024 (USD Million)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key players analyzed:

• Daicel Corporation

• Eastman Chemical Company

• Mitsubishi Chemical Holding Corporation

• Solvay

• SK chemicals

• Rayonier Advanced Materials

• Tembec.com

• Sappi

• Borregaard

• Celanese Corporation

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Industrial Air Filtration Market to Raise at Closely 6% CAGR till 2024

The industrial air filtration market should grow at nearly 6 percent CAGR during 2016 to 2024 (forecast period). This indicates decent market expansion in the near future. Eco-concerns and urbanization are predicted to be the key drivers of the market. Ecological policies regarding gas emissions will also propel market sales.

Safety policies and occupational regulations across different sectors can positively affect the market. Dust, fumes, & vapor across the industry of metal processing require effective filtering. They abide by the emission standards, protect workers, and enhance production quality.

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Innovative technology has led to air filters bettering themselves in terms of quality & performance. It has lowered energy consumption without negotiating on filtration demands. This factor has also driven the market. Moreover, advanced feedstock (small fibers, etc.) coupled with non-woven enhancements may propel market demand.

Regulatory initiatives in light of weather changes & GHG emissions have called for improvements in filter design & media technology. The same, in turn, will drive market revenues till 2024. However, huge investments for operating these air filters are likely to impede market flow.

Research & developments across the fields of nanotechnology and small fibers offer market prospects. The industrial air filtration market is trifurcated into applications, products, and regions. Applications comprise metal, cement, food, pharmaceutical, and power. Power reigned over the market in the past.

Food may expand noticeably over the forecast period. Stern policies & norms with respect to food processing cause manufacturers to lay stress on the distribution of quality filtered air. This is expected to drive market sales. Products include baghouse filters, cartridge filters & collectors, mist collectors, HEPA filters, and dust collectors.

HEPA filters are projected to witness robust growth in the coming eight years. Their droplet-removal and high efficiency qualities make them popular among customers. Air filtration even adopts low-efficiency filters (in terms of pre-filters) to capture impurities, thus enhancing product life.

Regions in the industrial air filtration market comprise Europe, Asia Pacific, North America, and rest of the world. Asia Pacific is reported to grow strong in the eight years ahead. Regional urbanization will contribute to the same. Europe may undergo decent expansion.

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