Transparency Market Research in its new report titled, “Cellulose Acetate Fiber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the cellulose acetate fiber market. The TMR report anticipates that the rise in the demand from textile and cigarette-manufacturing industries will drive the cellulose acetate fiber market during the forecast period i.e, 2018-2026. According to the report, cellulose acetate fibers are mainly used in the textile and cigarrete manufacturing applications and these are rapidly growing applications. So, as these industries continue to grow rapidly, the cellulose acetate fiber market is bound to grow at an unprecedented pace, says the report.
The TMR report also highlights other applications of cellulose acetate fibers like home bedding & furnishings and women apparels. Home bedding & furnishings such as linin, upholstery, carpets, curtains, bedspreads, etc. are produced with the help of these fibers. These fibers provide luxurious feel and appearance to the home fashion products and can be obtained in variety of colors and sheens. Excellent drapability and softness are also key characteristic of these fibers due to which they are used in draperies. Cellulose acetate fibers are also used for general purpose products such as gift box linings, tags and labels, sundry goods, packaging tapes and ribbons. Furthermore, triacetate fibers have soft texture and drapes fine, hence used in luxury fashion apparels. Cellulose acetate fiber is used in clothing and related accessories. These fibers are used in women’s formal wear, nightgowns, knitwear, one-piece, coats, accessories in Japanese dresses, etc. Furthermore, they are also used in neckties, scarves and sweaters. Due to its thermo-elasticity they are used in pleat skirts as well. Cellulose acetate fiber is also used in the cigarettes, wherein they are used for producing citrate filters. Due to the quick drying and ideal water absorption tendency cellulose acetate fibers are used in the making umbrellas and rain suits.
The TMR report has segmented the global cellulose acetate fiber market in terms of regional perspective into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, Asia Pacific was leading consumer of cellulose acetate fibers in the past few years. China had the largest consumption of Cellulose Acetate Fiber Market in the region. Countries such as Japan, ASEAN, and India are also likely to exhibit excellent growth over the coming years. Europe and North America are likely to exhibit stable growth for Cellulose Acetate Fiber Market over the next few years to come. Western Europe and the U.S. are the major markets for cellulose acetate fibers in the respective regions. However, these fibers are likely to expected stiff competition from polyester fabric which are relatively positioned at lower prices than acetate fibers. Latin America and Middle East & Africa are likely to shown steady growth for cellulose acetate fiber market over the forecast period. Key players operating in the global cellulose acetate fiber market are Celanese, Mitsubishi Rayon, and Eastman.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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