According to a report by Grand View Research, Inc., global cellulose fiber market is anticipated to value USD 48.37 billion by 2025. Growing requirement for versatile, environment friendly, biodegradable, cost-effective fibers globally can fuel demand for cellulose fibers. These fibers are expected to be produced from an ester of cellulose, which is mainly extracted from wood, bark or leaves of plants, and from other natural plant based products.
Growing adoption of cellulose fiber to manufacture textiles is anticipated to augment growth of market. Plant based cellulose fibers are likely to eco-friendly and can be used to produce man-made cellulose fibers. These man-made cellulose fibers can be processed into pulp and then extracted in same manner as other synthetic fibers. Basically, these man-made cellulose fibers are likely to be produced to minimize use of expensive natural fibers such as cotton and jute. These factors are expected to stimulate market growth over next few years. In addition, properties such as absorbency and moisture management are expected to surge demand for natural cellulose fibers in hygiene and textile sector can augment market growth during the forecast period (2014 to 2025).
Full Research Report On Cellulose Fiber Market Analysis:
U.S. cellulose fiber market revenue, by application, 2014 – 2025 (USD Billion)
Frequent change in raw material prices can restrict growth of market over the forecast period. In addition, declining cotton production and stringent environmental regulation regarding forestry by government across the globe can also act as the major challenge for the market.
The cellulose fiber market can be segregated on the basis of type, application, and region. Based on type, the market can be categorized into synthetic and natural. In 2015, synthetic segment accounted for 62% of overall volume share. Such cellulose fibers are likely to come from plant and its products, which are processed into pulp. The segment is expected to witness significant growth attributed to its properties including resistance from fungi, abrasion resistance, low absorbency, and strength.
On the contrary, natural cellulose fibers segment is predicted to grow at CAGR of 8% by 2025 owing to disadvantages pertaining to use of synthetic cellulose fibers.
Based on application, the market can be classified into hygiene, industrial, textile, and others. In 2015, textile segment dominated the market and accounted for largest market share. It is likely to account for 44% of global revenue share over the forecast period. Increasing use of cellulose fiber to reinforce composites and filter chemicals can augment growth of segment. Hence, fibers produced from wood pulp is likely to become essential element for textile sector.
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Cellulose fiber market volume, by product type, 2015 (Kilo Tons)
Cotton is estimated to be major raw material for textile sector. However, declining cotton production attributed to challenges associated with its cultivation are likely to fuel demand for wood-based cellulose fibers. Such fibers are likely to be high-performing and can find applications in home textile, industrial, and apparel.
On the contrary, industrial segment is anticipated to witness considerable volume gains at CAGR of 8.1% from 2016 to 2025. These fibers can be used in enzymes, plastic, paper, nonwoven, thermal insulation, and filtration sectors.
Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. In 2015, Asia Pacific dominated the market and accounted for market share equivalent to USD 7.4 billion. Rising demand for cellulose fiber in industrial and textile sector can fuel market growth in the region. The region is expected to display similar growth trend over the forecast period owing to increasing demand from textile, industrial, and other application segments in the region. Countries such as India, China, Japan, South Korea, Taiwan, and Indonesia are estimated to be major markets in the region. These countries are likely to be involved in manufacturing and trade of fibers that can be used across various end-use sectors. Bangladesh and Vietnam are predicted to be potential future market for cellulose fibers.
On the contrary, Europe accounted for 31%% market share in 2015. It is expected to grow slow from 2016 to 2025.
Similarly, North America also being mature market can witness stagnant growth during the forecast period.
Some of the leading companies offering cellulose fibers are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, and CreaFill Fibers Corporation. Most companies are likely to invest in various R&D activities to develop new and innovative products and expand their product portfolio. In addition, companies can also get involved in mergers and acquisitions to expand their presence and enhance their strength.
Grand View Research has segmented the cellulose fibers market on the basis ofproduct type, application, and region:
Cellulose Fibers Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Cellulose Fibers Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Cellulose Fibers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)
Central & South America
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