As per the latest report by IMARC Group, titled “Cellulose Fibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global cellulose fibers market size reached US$ 29.3 Billion in 2019. Also known as manufactured fibers, cellulose fibers are made using the cellulose of wood pulp. They can also be produced using esters of leaves, wood and barks of different plants and other plant-based materials. Other natural fibers are obtained from jute, flax, cotton, hemp and ramie, whereas artificial fibers generally include lyocell, viscose and modal. Cellulose fibers are versatile and some of them have unique properties, such as moisture absorbency and hydrophobicity. They are incredibly light-weight and exhibit high strength, owing to which they are utilized in the production of fabrics, home textiles, biocomposites, polymer composites and chemical filters.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Cellulose Fibers Market Trends:
The market is currently experiencing strong growth on account of the escalating demand for versatile, biodegradable, cost-effective and environment-friendly fiber. Apart from this, there is an increase in the utilization of cellulose fiber in the production of industrial textiles, such as curtains and upholstery. Furthermore, advancements such as the utilization of cellulose nanofibrils (CNFs) and cellulose nanocrystals (CNCs) for improving biocompatibility, biodegradability and mechanical properties of cellulose fibers is strengthening the market growth. Another factor that is anticipated to fuel the market growth is the implementation of favorable government policies, which are aimed to promote the use of plant-based raw materials. Owing to these factors, the market value is projected to reach US$ 49.2 Billion by 2025, growing at a CAGR of 9% during the forecast period (2020-2025).
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Key Market Segmentation:
The competitive landscape of the market has been examined, with some of the key players being CFF GmbH & Co. KG, China Bambro Textile (Group) Co. Ltd., Daicel Corporation, Eastman Chemical Company, Fulida Group Holdings Co. Ltd., Grasim Industries Ltd., Kelheim Fibres GmbH, Lenzing AG, Sateri Holdings Ltd., Shandong Helon Textiles Sci. & Tech. Co. Ltd., Tangshan Sanyou Xingda Chemical Fiber Co. Ltd. and Zhejiang Fulida Holding Co., Ltd.
Breakup by Fiber Type:
Based on the fiber type, the market has been bifurcated into natural (cotton, jute, wood and others) and man-made cellulose fibers (viscose, lyocell, modal and others).
Breakup by Application:
On the basis of the application, the market has been segregated into apparel, home textiles, industrial and others.
Breakup by Region:
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
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