Market Size of Cellulose Acetate Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 835.94 kilotons |
| Market Volume (2029) | 922.49 kilotons |
| CAGR (2024 - 2029) | 1.99 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cellulose Acetate Market Analysis
The Cellulose Acetate Market size is estimated at 835.94 kilotons in 2024, and is expected to reach 922.49 kilotons by 2029, growing at a CAGR of 1.99% during the forecast period (2024-2029).
COVID-19 negatively impacted the market in 2020. The COVID-19 pandemic affected the cellulose acetate market because of disruption in the supply chain. During the pandemic, many factories responsible were shut down, leading to a decline in production. However, the market is returning to pre-COVID levels.
- Over the short term, the growing demand for cellulose acetate from the textile industry, furniture industry, and continued tobacco usage are some driving factors stimulating the market demand.
- The declining demand for cellulose acetate for photographic films hinders market growth.
- The increasing use of cellulose acetate for water treatment will likely create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
