LONDON--(
BUSINESS WIRE)--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=IRTNTR44111As 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 TowThe 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:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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