Technological watch
Global Cellulose Acetate Market 2019-2023 | Product Development of Acetate Filter Tow to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--The global cellulose acetate market is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global cellulose acetate market: Product development of acetate filter tow
The cellulose acetate filter tow market is witnessing a significant rise in innovation and product development. Companies in the market are increasingly focusing on developing new products with improved performance and durability. Moreover, there is a growing preference for eco-friendly acetate filter tow with enhanced biodegradability. Vendors are also launching regulated products that encompass complex and challenging regulatory frameworks. Such product developments are expected to fuel the global cellulose acetate market growth during the next five years.
“Apart from product development of acetate filter tow, some other major factors that are expected to boost market growth during the forecast period are growing demand of cellulose acetate for additive manufacturing, innovation and product development in cigarette industry, and increase in demand for glass fibers from developing countries,” says a senior analyst at Technavio.
Global cellulose acetate market: Segmentation analysis
This market research report segments the global cellulose acetate market by type (fiber and plastics), application (filtration, electronics, textile and consumer goods, packaging, water treatment, and other applications) and geography (APAC, North America, Europe, MEA, and South America).
Geographically, APAC was the largest geographical segment of the cellulose acetate market in 2018 and is expected to be the fastest growing region during the forecast period. The growth of cellulose acetate market in APAC is mainly driven by the expansion of the textile industry in the region. Apart from this, the growing consumption of cigarette in India, China, and Indonesia is further expected to fuel the cellulose acetate market worth in APAC during the forecast period.
Looking for more information on this market' is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Global cellulose acetate market: Product development of acetate filter tow
The cellulose acetate filter tow market is witnessing a significant rise in innovation and product development. Companies in the market are increasingly focusing on developing new products with improved performance and durability. Moreover, there is a growing preference for eco-friendly acetate filter tow with enhanced biodegradability. Vendors are also launching regulated products that encompass complex and challenging regulatory frameworks. Such product developments are expected to fuel the global cellulose acetate market growth during the next five years.
“Apart from product development of acetate filter tow, some other major factors that are expected to boost market growth during the forecast period are growing demand of cellulose acetate for additive manufacturing, innovation and product development in cigarette industry, and increase in demand for glass fibers from developing countries,” says a senior analyst at Technavio.
Global cellulose acetate market: Segmentation analysis
This market research report segments the global cellulose acetate market by type (fiber and plastics), application (filtration, electronics, textile and consumer goods, packaging, water treatment, and other applications) and geography (APAC, North America, Europe, MEA, and South America).
Geographically, APAC was the largest geographical segment of the cellulose acetate market in 2018 and is expected to be the fastest growing region during the forecast period. The growth of cellulose acetate market in APAC is mainly driven by the expansion of the textile industry in the region. Apart from this, the growing consumption of cigarette in India, China, and Indonesia is further expected to fuel the cellulose acetate market worth in APAC during the forecast period.
Looking for more information on this market' is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
This project has received funding from the Bio Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme under grant agreement No 837761.
