Growing demand for the sale of Cellulose Acetate Fiber through online sales channels entails heavy investment in the R&D of the Cellulose Acetate Fiber market
NEW YORK CITY, NY, USA, February 5, 2022 /EINPresswire.com/ — The Global Cellulose Acetate Fiber Market is expected to reach $4,627.8 million by 2028, according to a new report from Reports and Data. Cellulose acetate fiber is a type of synthetic fiber made from a source of cellulose. The substance derived directly from cellulose acetate in which at least 92% of the hydroxyl groups are acetylated, is called triacetate or cellulose triacetate or primary cellulose acetate. The triacetate is further hydrolyzed to form the secondary acetate or diacetate, contains only about 76 percent acetylated cellulose groups. Diacetate fiber is officially known as ordinary acetate or acetate, while triacetate cellulose fiber is called triacetate or secondary acetate. Continued expansion in cigarette filters, synthetic fibers, membrane filters, acetate fiber-based inner garments, easy-to-carry garments, less-shrink garments, and dye applications are primarily expected to drive demand while throughout the forecast period.
The Asia-Pacific region is expected to maintain its dominance in the global market. The North American market is growing rapidly due to the extensive use of cellulose acetate fiber in various end-use sectors. China and India are among the fastest growing markets in the world, and the United States and China are among the largest players in the market.
Major participants include 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 SA, and Rayonier Advanced Materials, among others. .
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Other key findings from the report suggest
Growing interest in cellulose acetate fibers owing to rising demand for eco-friendly, cost-effective, biodegradable and versatile cellulose acetate is one of the major factors expected to drive the global cellulose acetate market in during the forecast period.
Growing penetration of online retail businesses for chemicals and materials, especially in emerging Asia-Pacific countries, is helping the market grow by expanding reach in areas where offline vendors are not available. Moreover, due to the non-involvement of distributors in the supply chain model, the profit margin is much higher than that of the offline retail distribution channel. E-commerce is expected to gain a market share of 26.2% by 2028.
Cellulose acetate fibers have superior properties over other types, including high impact and mechanical strength, high transparency, and good resistance to a variety of chemicals. Along with this, the demand is supported by easy availability and wide acceptability of the product in various end-use industries.
North America is expected to witness significant growth in the overall market owing to its growing demand for cellulose acetate fiber in women’s loungewear and lingerie and cigarette filters, growing at a CAGR of 7 .6% over the forecast period. The United States has the highest market share in this region and some of the key players in the market.
In January 2017, Eastman Chemical Company, an American chemical processing and manufacturing company, launched a new brand of acetate fiber for its product lines. Previously, Eastman was a manufacturer of cellulose acetate fiber for draperies and bedspreads. The new launch of cellulose acetate filament fiber brand is for use in the production of women’s intimate apparel. The fiber comes from wood pulp, which comes exclusively from sustainably managed and certified forests.
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For the purposes of this report, the reports and data have segmented the global Cellulose Acetate Fiber market on the basis of application, sales channel, production, end-use verticals, and region :
Type Outlook (Revenue: USD Billion; Volume: Kilotons; 2020-2028)
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilotons; 2020-2028)
Processing Outlook (Revenue: USD Billion; Volume: Kilotons; 2020-2028)
Acetylation and hydrolysis
Dry spinning method
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilotons; 2020-2028)
Textiles and clothing
Pigment and Dye
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Regional Outlook (Revenue: USD Billion; Volume: Kilotons; 2020-2028)
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