Market Insights:
Cellulose fibers have a profound impact on the textile
industry as chemical filters and as
fiber-reinforcement composites. It can be a perfect substitute for
biocomposites and polymer composites. MRFR in their report included segments
based on their volume-wise and valuation-based analysis. The report also
focuses on factors that can help the cellulose fiber market inflate in the
coming years. Cellulose fibers are mainly sourced from ethers or esters of
cellulose which can be obtained from the bark, wood or leaves of plants, or
materials that are plant-based. Two other components are found in cellulose;
hemicellulose and lignin. By varying the quantity of these two components
mechanical properties of the cellulose fiber can be altered.
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The booming textile industry, burgeoning e-commerce segment, and
rising demand from the automotive sector are prepped up to secure the future of
the cellulose market with prosperity. New regulations and favorable policies
from governments are providing the market thrust. But the cellulose fiber
market can get impeded by the volatile raw material prices. But the rising
demand can help the market sustain.
Market Segmentation:
MRFR segments the global cellulose fiber market by type and
application to get a comprehensive overview of the market.
Based on the type, the global cellulose fiber market can be
segmented into natural and synthetic. The natural segment had the maximum
market share in 2016. It used to control over 54% of the global market. But the
demand is sluggish as sourcing it is becoming an issue. The synthetic segment
is set to expand its dominance as the growing demand to substantiate the
growing need for the product in the coming years.
Based on the application, the cellulose fiber market can be
segmented into apparels, domestic textile, industrial textile, and others. The
apparels segment is all set to register the highest CAGR of 5.73% during the
forecast period.
Competitive
Landscape:
·
Sateri Holdings Limited
·
International Paper
·
Kelheim Fibres
·
Tangshan Sanyou Xingda Chemical Fiber Co., Ltd
·
Grasim Industries Limited
·
Lenzing AG
·
Eastman Chemical Company
Industry News:
Researchers from the Singapore University of Technology and
Design, in 2019, came up with a low-cost and low-pollution technology that
would make the end product strong, lightweight and inexpensive. They named the
material FLAM (fungus-like adhesive material).
In 2018, Lenzing discussed their plan to source wood-based
cellulose fiber from compost, landfill, water, and seawater. The eco-friendly
method would back their production by at least providing them 50% of the
resources.
Regional Analysis:
MRFR assesses the cellulose fiber market and analyses it based on
regions such as Asia Pacific (APAC), Europe, North America, and
Rest-of-the-World (RoW).
The APAC region is benefitting from the easy availability of raw
materials and its cost-effectivity. Natural resources are amply available in
the region. These factors are ensuring the dominance of the region in the
global market. At the same point of time,
foreign investors are founding it easy to expand their market in the region.
Many of the investors are now relocating in India and China. The online fashion trend is one of the major
factors that is pushing the textile industry ahead, and along with it, the cellulose fiber market is also going up. The
market can easily scale valuation of USD
13,553 MN by 2023. China is heading the market and with the highest CAGR of
5.98% during the forecast period, it can
promote the regional market well. Japan is gaining grounds with a projected
CAGR of 5.15% over the review period. Among the others, Taiwan, South Korea,
and India are emerging as dominant forces in the regional market.
North America’s cellulose fibers market is growing impressively as
in its stature, it is only next to the APAC region. The large production gets
consumed mostly by the regional market. The regional fashion sector is quite
substantial.
Europe’s cellulose fiber market is doing significantly well after
getting ample support from the well-structured fashion industry.
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