According to IMARC Group’s latest report, the Asia Pacific cellulose acetate market is currently witnessing steady growth 2015-2020. Looking forward, the market is expected to continue its steady growth during (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Cellulose acetate is a product formed by the reaction of cellulose with acetic acid and acetic anhydride in the presence of a catalyst called sulfuric acid. It exhibits resistance to several chemicals like dilute aqueous solutions, superior alcohols, inorganic salts, and solutions. In the Asia Pacific countries, cellulose acetate is utilized for manufacturing a wide range of products, such as cigarette filters, sheets, photography films, combs, pen barrels, fashion accessories, etc.
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Market Trends
The Asia Pacific cellulose acetate market is primarily propelled by the increasing population, which has escalated the demand for textiles and apparel. The fabrics produced using cellulose acetate offer comfort and soft and good drape, have pleat ability, and ease-of-care. Besides this, cellulose acetate is extensively used to manufacture home furnishing goods and biodegradable plastics, which is further catalyzing the market growth. Furthermore, the increasing focus of leading key players on improving the customer reach by employing strategic mergers, partnerships, and acquisitions, are expected to further strengthen the Asia Pacific cellulose acetate market in the coming years.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of application and country.
Breakup by Application:
- Cigarette Filters
- LCD
- Yarn
- Coating, Plastics and Films
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.