Market Forecast by Countries (United States, Canada), By Type (Fiber, Plastic), By Application (Cigarette Filters, Textiles & Apparel, Photographic Films, Tapes & Labels) And Competitive Landscape
Product Code: ETC182079 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Cellulose Acetate Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 150 million By 2031 |
CAGR | 5.7% |
Growing Sector | Textile |
North America Cellulose Acetate Market report report thoroughly covers the market By Countries, By Type, and By Application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Cellulose Acetate Market was valued at USD 55 million in 2023 and is expected to reach USD 150 million , growing at a CAGR of around 5.7% from 2025-2031. Growth is driven by increasing demand from the textiles, cigarette filters, and plastics industries, alongside the rising focus on sustainable and biodegradable materials. The market expansion is further supported by growing applications in coatings, films, and food packaging, as well as heightened environmental regulations promoting the use of eco-friendly alternatives.
North America Cellulose Acetate Market is experiencing significant growth, driven by increasing demand in applications such as textile fibers, cigarette filters, and plastic goods. This growth is further bolstered by expanding textile industry and the rise in smoking prevalence in certain regions.
According to 6Wresearch, the North America Cellulose Acetate Market size is estimated to grow rapidly, reaching at a CAGR of 5.7% during the forecast period of 2025-2031. The growth of the market is primarily driven by factors such as the expanding textiles industry, the rising demand for biodegradable plastics, and the increasing usage of cellulose acetate in cigarette filters. Major trends influencing the market include technological advancements in manufacturing processes and the shift towards eco-friendly materials. However, the North America Cellulose Acetate Market Growth is deterred due to the volatility of raw material prices and the stringent environmental regulations concerning the disposal of cellulose acetate products. Despite these challenges, emerging opportunities lie in the exploration of new applications in the fields of bioplastics and film sheets, driven by the region's growing commitment to sustainability and environmental protection. The textiles industry in North America is witnessing significant growth due to the increasing demand for clothing and other textile products. This has led to a rise in demand for cellulose acetate, which is used as a raw material in the production of various fabrics.
The North America Cellulose Acetate Market is witnessing several novel trends that are shaping its growth trajectory. One of the major trends is the adoption of eco-friendly and sustainable materials, driven by increased environmental awareness and regulations. This has led to a rise in demand for cellulose acetate as a biodegradable alternative in various industries such as textiles, packaging, and plastics. Another trend is the development of advanced manufacturing processes, leading to improved efficiency and cost-effectiveness in production. Additionally, there is also a growing focus on research and development activities to explore new applications for cellulose acetate, expanding its potential market opportunities. The market is also witnessing collaborations and partnerships among key players to enhance their product portfolios and strengthen their market presence.
The North America Cellulose Acetate Market presents lucrative investment opportunities for both new and existing players in the industry. The growing demand for sustainable materials in various applications, particularly in the textiles and packaging industries, provides a promising market outlook. Additionally, advancements in manufacturing processes and research activities offer scope for innovation and product development, providing potential avenues for growth and expansion. Moreover, partnerships and collaborations with established players can help new entrants gain market access and establish a strong foothold in the region. As consumer preferences shift towards eco-friendly alternatives, investing in cellulose acetate production can prove to be a profitable venture.
Some of the leading players operating in the North America Cellulose Acetate Market include Celanese Corporation, Solvay SA, Daicel Corporation, Eastman Chemical Company, and Mitsubishi Rayon Co. Ltd. These companies are focused on expanding their market share through product innovations, partnerships, and strategic collaborations. For instance, in May 2021, Eastman Chemical Company announced a partnership with Secos Group Limited to develop sustainable bioplastics using cellulose acetate produced from sustainably sourced raw materials.
The North America Cellulose Acetate Market is regulated by several government policies and regulations aimed at promoting the use of sustainable materials and protecting the environment. For instance, in the US, the Environmental Protection Agency (EPA) regulates the production and disposal of cellulose acetate products through laws such as the Resource Conservation and Recovery Act (RCRA). These regulations have a significant impact on market growth and require companies to comply with strict standards for manufacturing and waste management.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US is projected to lead the North America Cellulose Acetate Market during the forecast period, driven by its well-established textile and packaging industries and increasing consumer demand for eco-friendly alternatives. The country also has a significant presence of key players, investing in research and development activities to enhance their product portfolios.
Based on type, the plastic segment is expected to dominate the North America Cellulose Acetate Market during the forecast period. The increasing demand for biodegradable plastics and packaging materials is driving the growth of this segment. However, the fiber segment is also witnessing significant growth due to its various applications in industries such as textiles and films.
The textile and apparel segment is expected to dominate the North America Cellulose Acetate Market by application. This is due to the growing demand for cellulose acetate in the production of fabrics, yarns, and other clothing materials. However, the cigarette filters segment also holds a significant market share due to its widespread use in cigarettes as a safer alternative to traditional filters made from non-biodegradable materials.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cellulose Acetate Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cellulose Acetate Market Revenues & Volume, 2021 & 2031F |
3.3 North America Cellulose Acetate Market - Industry Life Cycle |
3.4 North America Cellulose Acetate Market - Porter's Five Forces |
3.5 North America Cellulose Acetate Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Cellulose Acetate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 North America Cellulose Acetate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 North America Cellulose Acetate Market Revenues & Volume Share, By , 2021 & 2031F |
3.9 North America Cellulose Acetate Market Revenues & Volume Share, By , 2021 & 2031F |
4 North America Cellulose Acetate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cellulose Acetate Market Trends |
6 North America Cellulose Acetate Market, 2021 - 2031 |
6.1 North America Cellulose Acetate Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 North America Cellulose Acetate Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Cellulose Acetate Market, 2021 - 2031 |
7.1 United States Cellulose Acetate Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 United States Cellulose Acetate Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Cellulose Acetate Market, 2021 - 2031 |
8.1 Canada Cellulose Acetate Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Canada Cellulose Acetate Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Cellulose Acetate Market Key Performance Indicators |
10 North America Cellulose Acetate Market - Opportunity Assessment |
10.1 North America Cellulose Acetate Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Cellulose Acetate Market Opportunity Assessment, By Type, 2021 & 2031F |
10.3 North America Cellulose Acetate Market Opportunity Assessment, By Application, 2021 & 2031F |
10.4 North America Cellulose Acetate Market Opportunity Assessment, By , 2021 & 2031F |
10.5 North America Cellulose Acetate Market Opportunity Assessment, By , 2021 & 2031F |
11 North America Cellulose Acetate Market - Competitive Landscape |
11.1 North America Cellulose Acetate Market Revenue Share, By Companies, 2021 |
11.2 North America Cellulose Acetate Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |