In last few years, natural cellulose fibers have been actively being used as the substitute for glass fibers to reinforce the matrix and also used as fillers in the matrix. The cellulose fibers tubular structure offers good insulation against noise, heat, and active humidity. According to a survey, I has witnessed the usage of cellulose fibers in the pulp and paper making industries has driven great opportunities for the market growth. The increasing demand for botanical source-based and eco-friendly raw materials is also a factor major which boosting the market's growth.
According to Data Bridge Market Research the Cellulose Fibers accounted for USD 40,564.52 million in 2021, and expected to reach USD 84,888.54 million by 2029. The market is expected to grow with a CAGR of 9.67% in the forecast period of 2022 to 2029.
“Growth of apparel and textile industry all around the world”
The world is witnessing substantial growth in the apparel and textile industry, which is expected to be one of the major factor for the growth of cellulose fibers in the forecast period. As per the analysis which has conducted by World Trade Organization, the total value of world apparel exports total $505 billion and textile exports amounted to $315 billion in 2018. There was an annual growth of 11.1% in apparel and 6.4% in textiles. World Trade Organization stated that it was the fastest growth seen for 6 years. With the high purchasing power of consumers and rise in urbanization, there is a shift toward aspiration-based purchase from need-based purchase which is surging the demand for apparel and textile. The increase in consumer spending all over the globe are driving the growth of the apparel and textile industry, which is expected to increase the growth of the cellulose fiber market because cellulose fibers are extensively used in the textile industry.
What restraints the growth of Cellulose Fibers Market?
“Multiple issues associated with cellulose fibers market”
The volatility in prices of raw material have a negative impact on the overall growth of the market. As a result, these volatility will pose as a major challenge for the cellulose fibers market growth rate. It has also been observed that there is a dearth of awareness about technical textiles among consumers which in turn has limited the rate of product reach amongst consumer. This is another factor major which is also hampering the growth rate of the market globally to some extent during forecast period.
Segmentation: Cellulose Fibers Market
The cellulose fibers market is segmented on the basis of type, fiber type and application.
- On the basis of type, the cellulose fibers market is segmented into synthetic, natural.
- Based on fiber type, the cellulose fibers market is segmented into cotton, wood pulp, jute, viscose, lyocell, modal, others.
- On the basis of application, the cellulose fibers market is segmented into textiles, filtration, hygiene, construction, others.
Regional Insights: Asia-Pacific is expected to dominate the Cellulose Fibers Market
Asia-Pacific is expected to dominate the market and is expected to grow significantly owing to the presence of leading manufacturer of appareal and textiles in this region. Furthermore, growing demand for textile and industrial sector coupled with the high investments in research and developments activities will further increase the growth of the market in this region,
In addition, the North America region is likely to register highest growth rate during the forecast period of 2022 to 2029 because of increasing prevalence of the major market players in this region. Moreover, increase in demand for cellulose fibers from emerging economies and shifting manufacturing bases from developed countries will further increase the growth of the market in this region.
Recent Development: Cellulose Fibers Market
- In 2021, Ioncell which is a Finnish firm has launched a patented technology to increase the endurance and strength of cellulose-based fibers. Through a sequence of dry-jet wet spinning and dissolving processes, recycled fibers are transformed into strong fibers form from textile products by using water and non-toxic ionic liquid.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-cellulose-fibers-market
The Prominent Key Players Operating in the Cellulose Fibers Market Include:
- LENZING AG (Austria)
- Grasim Industries Limited. (India)
- Sateri (China)
- Shandong Helon Polytex Chemical Fibre Co.,Ltd. (China)
- Kelheim Fibres GmbH (Germany)
- Fulida Group Holding Co., Ltd (China)
- China Bambro Textile Co., Ltd. (China)
- Sappi (South Africa)
- Eastman Chemical Company (U.S.)
- CFF GmbH & Co. KG (Germany)
- China Hi-Tech Group Corporation (China)
- Tangshan Sanyou Group Xingda Chemical Fibre Co. (China)
- Birla Cellulose (U.S.)
- Thai Rayon (Thailand)
Above are the key players covered in the report, to know about more and exhaustive list Cellulose Fibers Market companies contact, https://www.databridgemarketresearch.com/reports/global-cellulose-fibers-market
Research Methodology: Global Cellulose Fibers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
