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Cellulose Fiber Market Research Report - Global Forecast till 2030

Cellulose Fiber Market: Information by Fiber Type (Natural {Plant-Based [Cotton, Jute, Linen, Wood], Animal-Based [Alpaca, Silk]}, Man-Made {Semi-Synthetic [Rayon/Viscose, Modal], Synthetic {[Nylon, Spandex And Polyester]}), Application (Apparels, Home Textiles, Industrial, others) - Forecast till 2030

ID: MRFR/CnM/2127-HCR | December 2022 | Region: Global | 140 Pages         

Cellulose Fiber Market

The worldwide cellulose fiber market size was esteemed at USD 21.5 billion out of 2019 and is projected to enroll a CAGR of more than 9% to arrive at USD 41.5 billion by 2027.

Segmentation

By Fiber Type Natural{Plant-Based [Cotton Jute Linen Wood] Animal-Based Alpaca Silk
By Man-Made Semi-SynthetiRayon/Viscose Modal Synthetic Nylon Spandex And Polyester
By Application Apparels Home Textiles Industrial others

Key Players

  • LENZING AG (Austria)
  • China Bambro Textile Co. Ltd (China)
  • Sateri (China)
  • Shandong Helon Textile Sci. & Tech. Co. Ltd (China)
  • Kelheim Fibers GmbH (Germany)
  • Grasim (India)
  • Fulida Group Holding Co. Ltd (China)
  • Sappi (South Africa)
  • Tangshan Sanyou Group (China)
  • Eastman Chemical Company (US)
  • CFF GmbH & Co. KG (Germany)
  • China Hi-Tech Group Corporation (China)

Drivers

  • Construction industries is expected to drive the regional market growth during the review period
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Cellulose Fiber Market Overview


The cellulose fiber market is expected to gain a market value of USD 44,500 million by 2030 at a CAGR of 9.2% over the forecast period of 2022-2030.


Cellulose fiber is synthetic fiber created from either plant stalks or wood pulp. These fibers are naturally adaptable and have special qualities like moisture absorption and hydrophobicity, among others. The pulp from cellulose-rich plants, including jute, cotton, hemp, flax, bamboo, and others, is dissolved to create cellulose fibers.


The demand for cellulose fibers is rising globally, which is likely to fuel the expansion of the cellulose fiber market during the forecast period. Companies are seeking alternatives to petrochemical-sourced fibers and changing towards eco-friendly and biodegradable fibers. Additionally, the demand for cellulose fiber is rising due to the widespread usage of cellulose fibers in the textile and apparel industries, which is likely to fuel the expansion of the cellulose fiber market in the coming years. According to World Bank data, countries such as Bangladesh and Sri Lanka contributed 57% and 36%, respectively, in Textiles and clothing (% of value added in manufacturing). However, large-scale businesses are constrained in their utilization of raw materials because of unstable and frequently changing prices.


COVID-19 Analysis


The World Health Organization has declared COVID-19 a global health catastrophe. It largely affected the cellulose fiber industry in 2020 to mid of 2022. It has caused a significant slowdown in production, increased market volatility, rising populist hysteria, declining business confidence, and future vulnerability in many countries.


Market Dynamics


Drivers


With the expanding worldwide populace, the requirement for interest for the material industry is developing, which is increasing the cellulose fiber market size. Furthermore, as cellulose filaments are skin-accommodating, climate well disposed, and biodegradable, the market is probably going to encourage in the coming years. Therefore, critical utilization from the material business attributable to its advantages is expected to fuel the cellulose fiber market development in the coming years. 


With the increasing interest for body flexible, natural well disposed and bio-degradable dress and textures from the material business, a sound development has been distinguished in the worldwide cellulose fiber industry. Additionally, with the rising extra cash levels of the working class populace, the market is considered to prosper. Wood mash being one of the key crude materials utilized in the creation of cellulose strands, impacts the market generally. With expanding a worldwide temperature alteration across the world, the interest for biodegradable cellulose fiber has expanded, further adding to the cellulose fiber market growth development. Additionally, the multiplication of new market participants may upgrade the worldwide cellulose fiber market emphatically.


Challenges


The cellulose fiber market is exceptionally capital escalated and requires legitimate aptitude. The players present in the market are continually occupied with the examination and advancement for new items and innovation developments. The fluctuating crude material costs, inflexible guidelines regarding ranger service, and ecological and declining cotton creation are the significant difficulties looked at by the business.


Opportunities


The Competitive Strategic Window investigations are considered as effective opportunities for business sectors, applications, and regions. The Competitive Strategic Window assists the seller with characterizing an arrangement or fit between their capacities and openings for future development possibilities for the cellulose fiber market manufacturer. It characterizes the ideal or good fit for the merchants to embrace progressive consolidation and securing methodologies, topography extension, research and improvement, and new item acquaintance techniques to execute further business development during an estimated period.


Restraints 


Strict government initiatives for the assurance of existing woodlands are considered the major restraints of the worldwide cellulose fiber market growth. Moreover, the cost of cellulose strands has been the primary consideration controlling the market development. The costs of crude materials needed to fabricate cellulose filaments are dynamic and constantly change, influencing the market development. Also, the absence of talented individuals alongside cutting-edge apparatus needed underway is preventing the market development.


Cumulative growth Analysis


The worldwide cellulose fiber market is required to arrive at USD 48.37 billion by 2025, as indicated by this new report. The expanding hole between the interest and creation of normal cellulose filaments across different end-use ventures is the central point for the development of the market. Likewise, the ascent in material and clothing enterprises in creating and arising economies is additionally expected to fuel the worldwide cellulose fiber market scope development.


Segment Overview



  • By Type


By method of type, the worldwide cellulose fiber market has been segmented into engineered and regular. Among these, the normal cellulose fiber involved the most significant piece of the pie with 54% in 2016 and is assessed to grow at the most noteworthy CAGR in the coming years. On the other hand, the engineered cellulose fiber involves the second worldwide situation with 46% in 2016. While the interest for normal cellulose has been diminishing in the previous few years, inferable from trouble in development, the interest in engineered strands is expanding. 



  • By Application


The worldwide cellulose fiber market has been divided into homegrown material, clothes, mechanical material, and others by method of application. Among these, the material segment possesses a significant offer attributable to the broad interest for the cellulose segment from the material business. However, cellulose fiber market revenue enrolls at 5.73% CAGR during the estimated period. 



  • By Region


Based on region, the cellulose fiber market can range across five areas, in particular Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).


Regional Analysis   


Asia-Pacific represented the most significant portion of the overall industry in 2019 on the maximum usage of cellulose fiber as the area is the main material maker. Besides, quick industrialization, improving monetary conditions, steady government approaches, accessibility of modest work, and expanding sends out combined with a developing populace and changing way of life in the locale are driving the material business, which thus, fuel the interest for cellulose fiber in the district. For example, as indicated by India Brand Equity Foundation (IBEF), the country's general material fares from 2019 to 18 remained at USD 39.2 billion. The huge modern base in European and North American locale combined with the appeal for specialized materials in auto, medical services, and development businesses is required to drive the territorial market development during the estimated time frame.


Major Market Players


The key players of cellulose fiber market include:



  • LENZING AG (Austria)

  • China Bambro Textile Co. Ltd (China)

  • Sateri (China)

  • Shandong Helon Textile Sci. & Tech. Co. Ltd (China)

  • Kelheim Fibers GmbH (Germany)

  • Grasim (India)

  • Fulida Group Holding Co. Ltd (China)

  • Sappi (South Africa)

  • Tangshan Sanyou Group (China)

  • Eastman Chemical Company (US)

  • CFF GmbH & Co. KG (Germany)

  • China Hi-Tech Group Corporation (China)


Recent Developments



  • In June 2022, in partnership with Birla cellulose, Nanollose debuts a Lee Mathews-designed garment made of Tree-Rree NullarborTM lyocell at the global fashion summit.

  • In May 2022, IoncellOy announced the launch and commercialization of the production of eco-friendly textile fiber technologies.

  • In March 2022, to establish a long-term business partnership for manufacturing man-made cellulosic fiber, Birla Cellulose and the Swedish developer of textile-to-textile recycling Renewcell signed a Letter of Intent.


Report Overview



  • Market overview highlights the global recognition of the cellulose fiber market analysis

  •  Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis for the cellulose fiber market outlook Report.

  • Market segmentation overview

  • The regional analysis of cellulose fiber market demand

  • Competitive landscape analysis

  • Recent Developments of cellulose fiber market share Forecast


The report highlights the cellulose fiber market overview development includes its revenue hike's growth potential by the end of the forecast years in 2028.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 44,500 million
  CAGR   9.2%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Fiber Type, Application
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • The rising awareness among the consumers for skin-friendly apparel is likely to offer lucrative opportunities to the cellulose fiber manufacturers\r\n
  • Fluctuations in the raw material prices\r\n
  • The requirement of skilled people and advanced machinery in the production of cellulose fiber, are some of the factors restraining the global market
  •   Key Market Drivers   Construction industries is expected to drive the regional market growth during the review period


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    Frequently Asked Questions (FAQ) :

    The worldwide cellulose fiber market projected to reach USD 44,500 million, attaining a CAGR of 9.2% 2022-2030

    Clothes are the primary use of cellulose filaments, trailed by home materials.

    The Asia Pacific will probably hold the lead in the worldwide cellulose fiber market over the figure time frame.

    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)

    Asia-Pacific represented the most significant portion of the overall industry in 2030