The increasing gap between the demand and production of natural cellulose fiber across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth.
The Global Cellulose Fiber Market is expected to reach USD 48.37 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand for eco-friendly and biodegradable fiber, especially in textile and hygiene industry is driving the cellulose fiber market. The production of synthetic or man-made fiber includes the industrial processing of wood pulp derived from botanical sources.
However, the manufacturing of cellulose fiber entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fiber used extensively across end-use industries.
The cellulose fiber market is highly capital intensive and requires proper expertise. The players present in the market are constantly engaged in the research & development for new product and technology innovations.
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The fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are the major challenges faced by the industry.
Top Players of Cellulose Fiber Market:
Some of the key companies present in the market are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holdings Co., Ltd, China Bambro Textile (Group) Co., Ltd, CFF GmbH & Co. KG, CreaFill Fibers Corporation, International Paper, and Grupo Sniace.
Market Segmentation of Cellulose Fiber Market:
The Cellulose Fibers Market on the basis of Product Type, Application, and Region.
By Product:
Natural
Synthetic
By Application:
Textile
Hygiene
Industrial
By Region:
North America
Europe
Asia Pacific
Central & South America
MEA
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