Growth in Tow Consumption to Drive Global Demand for Cellulose Acetate, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Cellulose Acetate market. The global cellulose acetate market is poised to reach consumption volume of 1.05 million metric tons by 2017. Although demand for cellulose acetate fibers market was significantly derailed due to the recent economic downturn, burgeoning demand for filter tow used in cigarette filters is expected to offset the loss. Increase in number of smoking population in countries such as China, India, Eastern and Central Europe and Latin America will provide the necessary impetus for future growth.

Cellulose Acetate: A Global Strategic Business Report

Follow us on LinkedIn – Demand for cellulose acetate in all major global markets has matured over the years, while regions such as Russia, Central Europe and China continue to pose large demand for cellulose acetate, largely driven by the growing filter tow market. Healthy growth in the number of smokers in regions such as Eastern and Central Europe, India, China and Latin America is being attributed as a major factor steering growth of tow consumption in these regions. This is directly boosting the cellulose acetate market. Moreover, emergence of newer legislations that demand for lesser emission of nicotine and tar in the smoke are paving way for increased use of filter tows, and the absence of stringent rules and regulations to guide the consumption of cigarettes is further bolstering the demand for cellulose acetate. Backed by solid growth in China, global cigarette consumption is expected to grow rapidly over the coming years. Almost all the cigarettes smoked comprise of filters and over 80% of the filtered cigarettes use the standard mono cellulose acetate filters. Declining filament demand in clothing and furnishing markets will be offset by higher growth in acetate film use in window cartons and ‘invisible’ tapes.

The global economic turmoil in 2008 and 2009 impacted the cellulose acetate market across the world. Lowered demand in all the end-use sectors including photographic films, films and sheet castings, molding & extrusion, surface coatings, and textile fibers derailed the market growth to a significant extent. However, the demand for Celulose Acetate Flakes in the market for cigarette filter tow remained intact, despite the downturn. Over the years, filter tows have accounted for the lion’s share of the overall consumption of the cellulose acetate and growth in filter tow consumption is directly linked to cigarette production. Cellulose acetate plastics are also widely employed as a backing material in the production of Photographic Film. The material has positive attributes that include dimensional stability in relation to temperature and moisture, and high transparency. Additionally, it is also resistant to degradation by ultraviolet light and does not get discolored when exposed to heat or light.

Asia-Pacific driven by blistering growth in markets such as China and India clearly dominates as the largest cellulose acetate consumer, as stated by the new market research report on Cellulose Acetate. The market is also poised to display the overall strongest compounded annual growth rate (CAGR) of 3.5% through the analysis period. The Asian filter tow market is set to receive strong impetus from the Chinese market, which accounts for about 35% share of global cigarette consumption and production and has emerged as the fastest growing market for acetate tow products. Stronger demand from Chinese smokers, growing volume consumption of cigarettes, a marked trend towards longer cigarette filters, health concerns driving preference for low-tar cigarettes and substitution by acetate tow in polypropylene cigarette filters is driving global market growth.

Major players profiled in the report include Celanese Corporation, Celanese Acetate, Daicel Corporation, Eastman Chemical Company, Mitsubishi Rayon Company Limited, Primester, Rhodia Acetow GmbH, and SK Chemicals Co. Ltd.

The research report titled “Cellulose Acetate: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the cellulose acetate market, impact of recession, current market trends, key growth drivers, product overview, end-use scenario, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual consumption estimates and projections for market for the years 2009 through 2017 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key product/end-use segment analyzed include Cellulose Acetate Flake (Cigarette Filter Tow and Textile Fibers) and Cellulose Acetate Plastics (Photographic Film, Film & Sheet Castings, Molding and Extrusion, Surface Coatings, Inks & Reprographic Formulations). Also, a six-year (2003-2008) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
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