Demand for cigarette filter tow, the single largest end use market of cellulose acetate, is primarily derived from its use in filters. Filter tow demand is directly linked to cigarette production and consumption, which shows divergent trends worldwide. Driven by pockets of growth, the global market for cellulose acetate is projected to reach close to 962 thousand metric tons by 2012.
San Jose, CA (PRWEB) April 17, 2008 -- The market for filter tow is set to receive strong impetus from China, which accounts for about 30% share of global cigarette consumption and production and has emerged as the fastest growing market for acetate tow products. Growing volume consumption of cigarettes, robust demand from the 350 million Chinese smokers, health concerns driving preference for low-tar cigarettes, substitution by acetate tow in polypropylene cigarette filters and a marked trend towards longer cigarette filters are some of the factors providing growth momentum. Developed and developing nations show divergent trends in terms of consumption of cigarettes - smoking is declining in developed nations due to public awareness of health issues and growing unacceptability of puffing away in public places. However, developing nations particularly China and Eastern Europe, continue to exhibit strong growth in cigarette consumption.
United States market for cellulose acetate is estimated at 280 thousand metric tons for 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the largest market for cellulose acetate. North America, Asia and Europe collectively account for over 90 percent of the global cellulose acetate market. Asia-Pacific is the largest consumer of cellulose acetate flake, with consumption projected to reach 286 thousand tons by 2010. European cellulose acetate plastics market is projected to record a CAGR of 1.1% over the period 2001-2010.
A noteworthy trend apparent in the cellulose acetate market in recent years is shifting of production facilities to low-cost regions such as Asia and the Middle East. Output in China doubled over the years due to expansions by major market participants. Global market for cellulose acetate is highly concentrated with major producers representing over 80% of global capacity. Key market participants include Celanese Corp, Eastman Chemical Company, Daicel Chemical Industries, Mitsubishi Rayon and Rhodia Acetow.
"Cellulose Acetate: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, end-use perspective, players, competition, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Analytics are provided for the period 1991-2015, in terms of product segments including Cellulose Acetate Flake and Cellulose Acetate Plastics. End use segments discussed include Cigarette Filter Tow, Textile Fibers, Photographic Film, Film & Sheet Castings, Molding and Extrusion, Surface Coatings and Inks & Reprographic Formulations.
For more details about this research report, please visit
http://www.strategyr.com/Cellulose_Acetate_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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