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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