Cellulose Fiber Market: Information by Fiber Type (Natural, Animal-Based, Man-Made, Synthetic), Application (Apparels, Home Textiles, Industrial, others) - Forecast till 2030
New York, United States of America - February 11, 2022 /MarketersMedia/ —
Cellulose Fiber Market Overview
According to Market Research Future (MRFR), the global cellulose fiber market is projected to reach USD 41.5 billion, with a CAGR of over 9% from 2019 to 2030 (forecast period). This report gives a comprehensive overview of the effect of COVID-19 on the global cellulose fiber market.
Cellulose fibers are made of esters or ether of the cellulose. They are usually derived from leaves of plants, wood, bark, or other plant-based sources. These fibers are compounds of lignin and hemicelluloses.
Market Dynamics
The global cellulose fiber market is mainly driven by the strong demand from the textile industry. Cellulose fiber has properties such as skin-safe, biodegradable, and environmentally safe properties stimulating the market for cellulose fiber. The growing population, along with ever-changing fashion trends and rising disposable incomes, drives cellulose fiber demand. Another primary driver of the market is cellulose fiber's use for the production of technical textiles such as upholstery, curtains, rugs, carpets, and table linen.
The high demand for home furnishings due to the increasing disposable income of consumers has led to increased home renovation activities, which is driving demand for cellulose fiber. For example, according to the US Census Bureau, total construction expenditure in the US was USD 1,246,000 million in 2017, of which USD 969,490 million was spent on residential construction. Many uses of cellulose fiber include its use in fiber reinforcement composite, chemical filters, bio-composites, and polymer composites. Increasing market awareness of skin-friendly clothing is likely to provide lucrative opportunities for cellulose fiber manufacturers.
However, fluctuations in the prices of raw materials, as well as the demand for skilled people and advanced machines in the production of cellulose fiber, are some of the factors that are constraining the global market.
COVID 19 Analysis
Since the COVID-19 infection flare-up in December 2019, the illness has spread to nearly every country throughout the planet, with the World Health Organization announcing it a general well-being crisis. The Covid illness 2019 (COVID-19) worldwide effects are now beginning to be felt and will essentially influence the Cellulose Fiber market in 2020.
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Cellulose Fiber Market Competitive Analysis:
LENZING AG (Austria),
Sateri (China),
Kelheim Fibers GmbH (Germany),
Grasim (India),
Fulida Group Holding Co. Ltd (China),
China Bambro Textile Co. Ltd (China),
Sappi (South Africa),
Eastman Chemical Company (US),
CFF GmbH & Co. KG (Germany),
China Hi-Tech Group Corporation (China),
Shandong Helon Textile Sci. & Tech. Co. Ltd (China),
Tangshan Sanyou Group (China).
Manufacturers focus on strategic growth initiatives such as expansion, mergers and acquisitions, and investment in R&D to meet growing demand and strengthen their position. For example, Sappi plans to expand its Saiccor pulp dissolving mill to 890,000 tons in KwaZulu-Natal, Africa, by 2022.
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Cellulose Fiber Market Segmentation:
The global cellulose fiber market has been segmented by fiber type, application, and region.
By fiber type, the global market for cellulose fiber has been segmented into natural fiber and man-made fiber. The natural fiber segment has been further categorized as plant-based and animal-based. The plant-based fiber includes cotton, jute, linen, wood, and others, while the animal-based fiber includes alpaca and silk. The man-made fiber segment has been divided into the semi-synthetic and synthetic fiber. The semi-synthetic fiber includes rayon/viscose and modal fiber, whereas the synthetic fiber segment has been classified as nylon, spandex, and polyester fiber.
Based on application, the global market for cellulose fiber has been segmented into apparel, home textiles, industrial, and others.
Regional Analysis
Regionally, the global market for cellulose fiber has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The Asia Pacific held the largest market share in 2018 due to high cellulose fiber consumption, as the region is the leading manufacturer of textiles. However, rapid industrialization, improved economic conditions, supportive government policies, the availability of cheap labor and increased exports, coupled with a growing population and a changing lifestyle in the region, are driving the textile industry, which, in effect, is fueling demand for cellulose fiber in the region. For example, as per the India Brand Equity Foundation (IBEF), the country's total exports of textiles from 2017 to 18 were USD 39.2 billion.
The broad industrial base in the European and North American regions, coupled with the strong demand for technical textiles in the automotive, healthcare, and construction industries, is anticipated to push global market growth during the review period.
Industrialization in developing economies such as Brazil and Chile are expected to fuel demand for products in the Latin American region over the forecast period. The existence of a well-developed infrastructure hub in GCC, UAE, and Saudi Arabia is likely to boost demand for construction textiles in the region, which, in turn, will drive demand for cellulose fiber.
Recent Developments
October 2021- Israeli startup, Algaeing, is making a low-energy, non-toxic, biodegradable textile with algae. Its algae formula can be utilized to make dyes and natural fibers using less water than traditional products and make zero waste and pollution. The company looks forward to using the power of renewable algae to make an authentic, genuine impact on climate change.
October 2021- Rayonier Advanced Materials Inc. announced that the company would immediately raise rates for all its Cellulose Specialties products by at least 15 to 30 percent based on product grade, as contracts enable. This rise aims to aid the company in offsetting the boosting effects of cost inflation all over its global supply chain.
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
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