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.
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.
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.
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.