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Acetate Tow Market

Published Date : Jul 2024 | Forecast Year : 2019

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Acetate Tow Market Size, Share, Industry Trends Segmentation Analysis By Type (Filtered Tow, Non-Filtered Tow) By Application (Cigarette Filters, Textiles, Nonwovens, Plastics) Growth, Demand, Regional Outlook, and Forecast 2023-2032

Report ID: AG965

Published : Jul 2024

Pages : 157

Category : Chemical & Material

Format : Acetate Tow Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 5.17 Billion
MARKET SIZE (2023)USD 3.6 Billion
CAGR (2023-2029)4.2%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEFiltered Tow
Non-Filtered Tow
BY APPLICATIONCigarette Filters
Textiles
Nonwovens
Plastics
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSEastman Chemical Company, Celanese Corporation, Solvay S.A., Daicel Corporation, Mitsubishi Chemical Corporation, China National Tobacco Corporation (CNTC), Sichuan Push Acetati Co., Ltd., Rayonier Advanced Materials Inc., Jinan Acetate Chemical Co., Ltd., Acordis Cellulosic Fibers Inc., Rhodia Acetow GmbH, Nanjing Hongbaoli Co., Ltd., Nantong Cellulose Fibers Co., Ltd., Cerdia International GmbH, India Tobacco Company Limited (ITC), Hubei Golden Ring Co., Ltd., Wuxi City Dongfeng Chemical Co., Ltd., Tonen General Sekiyu K.K., Shanghai Xinglu Chemical Technology Co., Ltd., Yunnan Yunhong Cellulose Fiber Co., Ltd..

The Acetate Tow Market plays a key role in the production of filter products, especially cigarette filters, which account for the majority of demand. Derived from cellulose acetate, acetate yarn offers excellent filtration properties, making it an important component in many industries. Factors such as increasing consumer awareness of the benefits of filtered products, advancements in manufacturing technologies, and increasing focus on sustainability are driving this market. Additionally, the tow acetate market is witnessing significant growth due to its expanding applications in textile fibers, nonwovens, and plastics. As environmental concerns and regulatory pressures increase, the market is poised to explore eco-friendly alternatives and innovative applications that will shape its future trajectory.

Acetate Tow Market valued at $3.6 Billion in 2023 and projected to reach $5.17 Billion by 2032, growing at an 4.2 % CAGR 

Acetate Tow Market

Size, by Product, - (USD Billion)

Filtered Tow

Non-Filtered Tow

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

4.2%

The Forecast Market

Size for in USD:

$5.17 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Market Overview:

The Global Acetate Tow Market is growing steadily, as it is mainly used in cigarette filters, which account for a significant portion of its usage. The prevalence of smoking in various regions, especially in developing countries, has increased the demand for acetate cigarettes. In addition, the development of production technology and the introduction of environmentally friendly alternatives contribute to the expansion of the market. Asia Pacific dominates the market due to high consumption of cigarettes and presence of major manufacturers. North America and Europe also have a significant market share due to regulations to reduce tar and nicotine content in cigarettes. Additionally, growing applications of acetate yarn in textiles, nonwovens, and plastics are contributing to market growth. However, there are challenges in the market, such as strict regulations and the growing popularity of electronic cigarettes and vaping, which may affect future demand. Despite these challenges, the acetate tow market is poised for continued growth through continuous innovation and diversification.

Key players:

Eastman Chemical Company

Celanese Corporation

Solvay S.A.

Daicel Corporation

Mitsubishi Chemical Corporation

China National Tobacco Corporation (CNTC)

Sichuan Push Acetati Co., Ltd.

Rayonier Advanced Materials Inc.

Jinan Acetate Chemical Co., Ltd.

Acordis Cellulosic Fibers Inc.

Rhodia Acetow GmbH

Nanjing Hongbaoli Co., Ltd.

Nantong Cellulose Fibers Co., Ltd.

Cerdia International GmbH

India Tobacco Company Limited (ITC)

Hubei Golden Ring Co., Ltd.

Wuxi City Dongfeng Chemical Co., Ltd.

Tonen General Sekiyu K.K.

Shanghai Xinglu Chemical Technology Co., Ltd.

Yunnan Yunhong Cellulose Fiber Co., Ltd.

Market Segmentation:

By Type

Filtered Tow

Non-Filtered Tow

By Application

Cigarette Filters

Textiles

Nonwovens

Plastics

By End User

Tobacco Industry

Textile Industry

Healthcare

Consumer Goods

Industrial

By Geography

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Acetate Tow Market

Share, by end user, (USD Billion)

Analytica Global 3.6 Billion%

Cigarette Filters

Textiles

Nonwovens

Plastics

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

5.17 Billion

Total Market Size

USD (Billion),

4.2%

CAGR

-

Market Dynamics:

Trends

  • Sustainable development and environmentally friendly products: growing demand for biodegradable and sustainable materials.
  • Technological Advances: Innovations in manufacturing processes and applications.
  • Transition to e-cigarettes and vaping: Impact on demand for traditional cigarette filters.
  • Growing non-tobacco applications: Expanding use in textile, nonwoven and industrial applications.

Limitations

  • Strict regulations: Environmental and health regulations affect production and use.
  • Decline in smoking: cigarette consumption is decreasing in many areas.
  • Competition of alternatives: availability of synthetic and bio-based alternatives.
  • Economic instability: The effect of recession on consumer spending and industrial demand.

Opportunities

  • Expansion in emerging markets: growth potential in developing countries where tobacco consumption is increasing.
  • Development of sustainable solutions: innovation of ecological production methods and products.
  • Diversify applications: exploring new uses in nonwovens, textiles and industry.
  • Strategic collaboration and partnership: Create partnerships to drive innovation and market expansion.

Challenges

  • Compliance: Meeting evolving environmental and health regulations.
  • Raw Material Sourcing: Ensuring a sustainable and cost-effective source of cellulose acetate.
  • Market saturation: Intense competition in established markets.
  • Technology integration: adapting effectively to new technologies and processes.

Environmental Issues and Sustainable Development Initiatives 

As environmental awareness grows and pressure for sustainable practices grows, industry is under pressure to reduce its environmental footprint. Derived primarily from cellulose acetate, acetate tow offers a relatively environmentally friendly alternative to synthetic fibers because it is biodegradable and derived from renewable resources such as wood pulp.

However, the production process of acetate wool involves the use of chemicals and solvents that can cause environmental damage if not handled correctly. This has led to an increasing emphasis on adopting greener production processes and improving waste management practices. Companies are investing in research and product development to minimize the environmental impact of acetate checker production. Innovations include the use of less harmful solvents, closed-loop systems for recycling chemicals, and advances in filtration technologies to reduce emissions and wastewater.

Regulatory bodies also play an important role in promoting sustainability in the acetate tow market. Strict emissions and waste management regulations force manufacturers to use environmentally friendly practices. In addition, the number of certificates and environmental labels identifying sustainable products and processes is increasing, influencing consumer preferences and purchasing decisions.

In addition to regulatory pressure, the market landscape is shaped by consumer demand for sustainable products. Products that are environmentally friendly and sustainably sourced are increasingly preferred. This trend is particularly evident in the textile and nonwoven industry, where consumers are increasingly looking for sustainable alternatives to traditional fibers. As a result, manufacturers are focusing on developing acetate sheets with improved durability properties to meet this demand.

Regulatory Landscape and Compliance

The regulatory landscape and compliance requirements significantly impact the acetate drag market. Because acetate fibers are widely used in the manufacture of cigarette filters and other applications, it is subject to various regulations designed to ensure product safety, environmental protection and public health.

One of the main regulatory issues in the acetate drag market is the strict control of emissions and waste generated during the production process. Regulatory bodies in many countries have established strict standards to limit the release of harmful chemicals and pollutants into the environment. Manufacturers must use best practices and advanced technologies to reduce emissions and manage waste effectively. Compliance with these rules is necessary to avoid legal sanctions, maintain a positive public image and ensure sustainable operations.

In addition to environmental requirements, regulations related to product safety and quality also affect the acetate tow market. For example, cigarette filters made of acetate must meet specific standards set by the authorities to ensure that they do not pose a health hazard to consumers. These standards include restrictions on the content of harmful substances such as heavy metals and solvent residues in the final product. Manufacturers must go through rigorous testing and quality control procedures to ensure that their products meet these safety requirements.

In addition, the growing focus on sustainability and environmental friendliness encourages the adoption of regulations promoting the use of renewable natural resources and biodegradable materials. Regulatory agencies encourage the development and use of sustainable alternatives to conventional acetate clothing, such as bio-based and compostable materials. 

Compliance with these sustainability regulations not only helps manufacturers meet consumer demand for environmentally friendly products, but also improves their image and competitiveness in the market.

Another important aspect of the regulatory environment is compliance with labeling and certification requirements. Acetate products may come with special labels and certifications that indicate the products meet regulatory standards and environmental considerations. Certifications such as Forest Stewardship Council (FSC) Sustainable Sourcing Certification and Oeko-Tex Textile Safety Certification are increasingly important in the acetate tow market. These certificates give consumers and companies a guarantee of the durability and safety of the products they buy.

Acetate Tow Market

Size, by Product, - (USD Billion)

APAC $ 24

The Market will Grow

At the CAGR of:

4.2%

The Forecast Market

Size for in USD:

$5.17 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Impact of E-Cigarettes and Liberty on Acetate Drag Market

The growth of electronic cigarettes and vaping products has significantly affected the acetate drag market, especially its dominant use in cigarette filters. E-cigarettes and vaporizers, which do not use traditional filters made of acetate filaments, offer an alternative to traditional smoking, changing consumer preferences and market dynamics.

One of the most important consequences of the growing popularity of e-cigarettes and vaping is the possible decrease in demand for traditional cigarette filters. As more smokers switch to electronic cigarettes and vapor devices, consumption of traditional cigarettes is likely to decline. This change will challenge the acetate tow market, which is heavily dependent on cigarette filter production. Manufacturers must adapt to this changing landscape by exploring new applications and diversifying their product offerings to minimize the impact on their business.

Despite the challenges, the growth of electronic cigarettes and vaping offers opportunities for innovation and growth in the acetate vapor market. For example, manufacturers can develop new materials and technologies to meet the needs of the electronic cigarette and vapor industries. This includes the development of advanced filter materials that can be used in vaporizers to improve the quality and safety of the vapor produced. In addition, acetate manufacturers may explore opportunities in the manufacture of tobacco-free products such as air and water purification filters, medical applications and personal care products.

In addition, the regulatory environment surrounding electronic cigarettes and vaping products is rapidly evolving. Many countries are imposing stricter regulations on electronic cigarettes and vaporizers, which may affect their market growth and demand for traditional cigarette filters. For example, regulations related to product safety, advertising and sales restrictions may affect the adoption of electronic cigarettes and vaping products, which may lead to a revival of demand for traditional cigarettes and thus for acetate tobacco.

Value Chain Analysis

  • Sourcing of Raw Material: Sourcing of cellulose acetate from wood pulp or cotton linters.
  • Production: The conversion of cellulose acetate to acetate through processes such as esterification and spinning.
  • Quality Control: We ensure that the product meets industry standards and regulations.
  • Distribution: Transportation of acetate tow to various markets and industries.
  • End Use Applications: Use in cigarette filters, textiles, nonwovens and other products.
  • Recycling and waste management: handling by-products and waste with a focus on sustainability.

Supply Chain Analysis

  • Suppliers: Provides raw materials such as cellulose acetate and chemicals.
  • Manufacturers: Produce acetate ladies using special methods.
  • Distributors: logistics and storage companies engaged in transportation and storage.
  • Retailers/Wholesalers: Distribute products to end users and industries.
  • End users: tobacco manufacturers, textile manufacturers, non-wovens and industrial users.

Porter's Five Forces Analysis

  • Threat of New Entrants: Moderate to High; barriers include significant capital investment and regulatory compliance.
  • Bargaining power of suppliers: moderate; Some major suppliers of cellulose acetate can influence prices.
  • Bargaining power of buyers: high; large buyers such as tobacco manufacturers have considerable bargaining power.
  • Threat of substitutes: high; availability of synthetic fibers and bio-based alternatives.
  • Competition in the industry: intense; many players and tough competition in both traditional and emerging markets.

Acetate Tow Market TO (USD BN)

Acetate Tow Market

CAGR OF

4.2%

Acetate Tow Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 5.17 Billion%

Recent Developments:

  • DALLAS (December 1, 2022) – Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today confirmed it is lifting the remaining elements of the force majeure declared on May 11, 2022, which had still applied to acetate tow products.
  • Brussels, June 1, 2017 --- Solvay has completed the divestment of its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone.

Frequently Asked Questions (FAQ’s):

FAQ 1: What is the current CAGR of the acetate tow market?

Answer: The acetate tow market is expected to grow at a CAGR of approximately 4.2% from 2023 to 2032, driven by increasing demand in various applications such as cigarette filters, textiles, and nonwovens.

FAQ 2: What are the current trends in the acetate tow market?

Answer: Key trends include a shift towards sustainability and eco-friendly products, technological advancements in production processes, the impact of rising e-cigarette and vaping use, and the growing application of acetate tow in non-tobacco sectors such as textiles and industrial products.

FAQ 3: How is the rise of e-cigarettes and vaping affecting the acetate tow market?

Answer: The rise of e-cigarettes and vaping is leading to a decline in traditional cigarette consumption, which affects the demand for acetate tow used in cigarette filters. However, it also presents opportunities for innovation in new applications and markets.

FAQ 4: What are the main challenges faced by the acetate tow market?

Answer: Major challenges include stringent environmental and health regulations, the decline in smoking rates in certain regions, competition from alternative materials, and the need for sustainable raw material sourcing and production processes.

Acetate Tow Market - Global Outlook & Forecast 2024-2029

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