ID: MRFR/CnM/2127-HCR | February 2021 | Region: Global | 140 pages
Cellulose fibers are made up of esters or ether of the cellulose. These are generally obtained from leaves of plants, wood, or the bark or other plant-based sources. These fibers are a compound of lignin and hemicelluloses.
The global cellulose fiber market was valued at USD 21.5 billion in 2019 and is projected to register a CAGR of over 9% to reach USD 41.5 billion by 2027. The global cellulose fiber market is primarily driven by the significant demand from the textile industry. Cellulose fiber offers properties such as skin-friendliness, biodegradability, and environmental-friendly, which fuels the demand for cellulose fiber. The rising population, along with the constantly changing fashion trends and rising disposable income, is driving the demand for cellulose fiber. The use of cellulose fiber for manufacturing technical textiles such as upholstery, curtains, rugs, carpets, and table linens are another major driver of the market. The rise in demand for technical textiles can be attributed to favorable government policies and initiatives boosting infrastructure spending, chemical manufacturing, and others. The significant demand for home furnishing due to the rising disposable income of the consumers has resulted in an increased home renovation activity, which is driving the demand for cellulose fiber. For instance, according to the US Census Bureau, the overall construction spending in the US stood at USD 1,246,000 million as of 2019, of which USD 969,490 million was spent on residential construction. Other applications of cellulose fiber include its use in fiber reinforcement composite, chemical filter, bio-composites, and polymer composites. The rising awareness among the consumers for skin-friendly apparel is likely to offer lucrative opportunities to the cellulose fiber manufacturers. However, fluctuations in the raw material prices, as well as the requirement of skilled people and advanced machinery in the production of cellulose fiber, are some of the factors restraining the global market.
The manufacturers are focused on strategic growth initiatives such as expansion, merger & acquisition, and investment in R&D to meet the increasing demand and strengthen their position. For instance, Sappi is planning to expand its Saiccor wool pulp dissolving mill to 890,000 tons located in KwaZulu-Natal, Africa, by 2027.
Global Cellulose Fiber Market Share, by Application, 2019 (%)
Source: MRFR Analysis
Regionally, the global cellulose fiber market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific accounted for the largest market share in 2019 on the backdrop of high consumption of cellulose fiber as the region is a leading textile manufacturer. Moreover, rapid industrialization, improving economic conditions, supportive government policies, availability of cheap labor, and increasing exports coupled with a growing population and changing lifestyle in the region are driving the textile industry, which in turn, fuel the demand for cellulose fiber in the region. For instance, according to India Brand Equity Foundation (IBEF), the country’s overall textile exports from 2019 to 18 stood at USD 39.2 billion.
The large industrial base in European and North American region coupled with the high demand for technical textiles in automotive, healthcare, and construction industries is expected to drive the regional market growth during the review period.
Industrialization in emerging economies such as Brazil and Chile are expected to drive the product demand in the Latin American region during the forecast period. Presence of a well-developed infrastructural hub in GCC, UAE, and Saudi Arabia is likely to propel the demand for construction textiles in the region, which in turn, will drive the demand for cellulose fiber.
The global cellulose fiber market has been segmented by fiber type, application, and region.
By fiber type, the global market 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 cellulose fiber market has been segmented into apparels, home textiles, industrial, and others.
Frequently Asked Questions (FAQ) :
The global cellulose fiber market was valued at USD 21.5 billion in 2017 and is expected to reach a valuation of USD 41.5 billion by 2025.
The cellulose fiber market is expected to exhibit a strong 9% CAGR over the forecast period from 2018 to 2025.
Apparels are the leading application of cellulose fibers, followed by home textiles.
Leading players in the cellulose fibers market include Lenzing AG, Sateri, Grasim, Fulida Group Holding Co. Ltd., Sappi, Eastman Chemical Company, and Tangshan Sanyou Group.
Asia Pacific is likely to retain the lead in the global cellulose fiber market over the forecast period.