Market Size of United States Cellulose Acetate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Cellulose Acetate Market Analysis
The US cellulose acetate market is estimated to reach 208.33 kilotons by the end of this year. It is projected to reach 222.44 kilotons in the next five years, registering a CAGR of 1.32% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic in 2020 due to nationwide lockdowns, which led to supply chain disruptions and restrained the exports of cellulose acetate yarns from the country. The production of cellulose acetate declined during the year as several responsible factories were shut down during the pandemic in the country. However, the ease of restrictions and improved industrial activities from 2021 helped recover the market and its growth.
- The growing demand for cellulose acetate from the textile industry is the major factor contributing to the growth of the market studied in the country.
- On the contrary, the market's growth is hindered by stringent government regulations on tobacco usage and the declining demand for cellulose acetate in photographic films.
- Nevertheless, the increasing use of cellulose acetate for water treatment is likely to create opportunities for cellulose acetate in the United States over the coming years.
- Cellulose acetate demand from the fiber segment is expected to remain robust as these fibers are largely used in the textile industry and as cigarette filters, the largest application segment for cellulose acetate.
