Cellulose
Fiber Market Overview to 2023:
The global cellulose
fiber market has been growing rapidly mainly due to the increase in demand for
textile industry, worldwide. The demand for cellulose fibers in the textiles
industry is increasing day by day led by the ever-increasing population.
The growth of the apparel industry is favorably impacting the growth of
cellulose fiber market, globally.
Acknowledging the
exponential traction, this market perceives today, Market Research Future
(MRFR) in its recently published study report asserts that the global cellulose
fiber market will reach USD 37,284 MN by 2023, registering a phenomenal CAGR
over the forecast period (2017-2023).
Rising demand in the
apparels industry driven by the growing online fashion market fosters the
growth of the cellulose fiber market. The development in cellulose fiber in
terms of products quality and services are driving the market growth.
Additional factors substantiating market growth include new technologies and
favorable government regulations.
On the other hand,
factors such as the volatility in the prices and the demand and supply gap in
the raw materials required for the production of cellulose fiber are expected
to impede the growth of the market. Nevertheless, heavy investments made in the
development of products and technologies by the major manufacturers will
support the market growth throughout the assessment period.
Global
Key Players:
·
Lenzing
AG
·
Sateri
Holdings Limited
·
Grasim
Industries Limited
·
Kelheim
Fibres
·
International
paper
·
Tangshan
Sanyou Xingda Chemical Fiber Co., Lt
·
Eastman
Chemical Company
Industry/
Innovation/ Related News:
February
04, 2019 ---– A group of
scientists at the Singapore University of Technology and Design published their
research report on the low-cost, low-pollution technology that they have
developed a process for printing objects using cellulose, in the magazine –
Nature. This technology will offer a cheap, biodegradable and renewable
alternative to plastic.
Their process involves
the mixing of small amounts of chitin with the cellulose fibers. The result is
a strong, lightweight and inexpensive material called FLAM (fungus-like
adhesive material). The researchers are now seeking industrial collaborators.
November
12, 2018 ---– Celanese
Corporation (the US), a leading global manufacturer of industrial chemicals and
acetyl products and International Paper (the US), one of the world’s largest
paper & pulp company announced receiving of the Environmental Award for
Sustainable Materials in Automotive from the Society of Plastics Engineers
(SPE) in Automotive.
The duo companies have
jointly developed sustainable thermoplastics for an application in the Ford
Motor Company’s 2018 Lincoln Continental luxury sedan. The Society of Plastics
Engineers (SPE) in Automotive has recognized the joint development and
conferred the award to Celanese Corporation, and International Paper adjudged
as the best companies in automotive plastics.
Cellulose
Fiber Market – Segmentations
For enhanced
understanding, the report has been segmented into three key dynamics.
By Type: Natural and Synthetic
By
Application: Apparels, Domestic
Textile, and Industrial Textile among others.
By
Regions: Asia Pacific, North
America, Europe, and the Rest-of-the-World
Global
Cellulose Fiber Market – Geographical Analysis
The Asia Pacific region,
heading with the new applications of Cellulose
Fibers Market such as in the automotive plastic, dominates the
cellulose fibers market, globally. With the ample availability of natural
resources and cost-competitive raw materials and workforce, the Asia Pacific
region attracts foreign investors encouraging them to shift their production
bases to the emerging countries such as India and China.
Owing to the dynamic
sale in apparels led by the exponentially growing online fashion market in the
region, the APAC cellulose fibers market is expected to reach USD 13,553 MN by
2023. China, heading with its large textile production accounts for the largest
market for cellulose fibers in the region which is projected to grow at the
highest CAGR of 5.98% during the forecast period. Whereas, Japan is projected
to grow at a CAGR of 5.15% during 2017-2023. Besides, countries such as Taiwan,
South Korea, and India are the dominant forces contributing to the regional
market, supporting it to hold the leading position.
North America’s
cellulose fibers market led by the huge consumption of the product in the
region, closely follows the APAC market.
The European market for
cellulose fibers accounts for the third largest market owing to the growing
applications of these fibers.
Global
Cellulose Fiber Market – Competitive Landscape
Highly competitive, the
global cellulose fiber market enjoys the presence of many large and small
players which makes the market to appear fragmented. Cellulose fiber market is
no exception when it comes to adopting strategic trends, to sustain in their
market position and to drive the market.
Key players operating in
the market adopt the same prevailing strategic initiatives such as merger &
acquisition or strategic collaboration and investing in local manufacturers in
emerging economies for product developments and manufacturing activities. These
players driving market growth are committed to delivering reliable,
leading-edge products & services.
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