)--The global cellulose acetate market size is expected to grow by USD 865.70 million during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.Request challenges and opportunities influenced by COVID-19 pandemic @ https://www.technavio.com/talk-to-us'report=IRTNTR44111
As per Technavio, the product development of acetate filter tow will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.Cellulose Acetate Market: Product Development of Acetate Filter Tow
The cellulose acetate filter tow market is leading to a significant rise in innovation and product development. Vendors 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.“Factors such as the growing demand of cellulose acetate for additive manufacturing, and the increase in demand for glass fibers from developing countries will have a significant impact on the growth of the cellulose acetate market value during the forecast period,” says a senior analyst at Technavio. Register for a free trial today and gain instant access to 17,000+ market research reportsRequest a free sample report
Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 17,000 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.