The global market for Cellulose Acetate is projected to decline to 751.1 thousand metric tons by 2024
Declining Consumption of Acetate Tow Impacts Growth in the Cellulose Acetate Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Cellulose Acetate market. The global market for Cellulose Acetate is projected to decline to 751.1 thousand metric tons by 2024 saddled by the fall in cigarette sales. Cellulose acetate, a manmade polymer produced by reacting cellulose and acetic acid, is a transparent thermoplastic material. Manufactured using plant cellulose, the material finds a wide range of applications including cigarette filter, photographic film, textiles, packaging and plastic products among others. Cigarette filters represent the major application segment for cellulose acetate, where cellulose acetate tow remained the material of choice for decades while considerable competition exists in other applications. Fortunes of th...