The global market for Cellulosic Man-Made Fibers is estimated at US$23.2 Billion in 2023 and is projected to reach US$31.0 Billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cellulosic man-made fibers market is driven by several factors. Firstly, there is an increasing consumer awareness and demand for sustainable and biodegradable textiles, which propels market expansion as more consumers seek eco-friendly alternatives to synthetic fibers. Secondly, technological advancements in fiber production, such as the development of eco-friendly lyocell and high-tenacity modal fibers, enhance product offerings and reduce the environmental impact of manufacturing processes. Thirdly, the expanding applications of these fibers in various end-use industries, including fashion, home textiles, and healthcare, create new growth opportunities. For instance, the use of lyocell in medical textiles due to its hypoallergenic properties and in high-performance sportswear for its moisture management capabilities highlights its versatility. Additionally, regulatory support for sustainable practices in textile manufacturing encourages the adoption of cellulosic fibers, with many governments implementing stricter environmental regulations and incentives for eco-friendly production methods. Lastly, shifting consumer preferences towards natural and comfortable fabrics, coupled with the rising popularity of athleisure and eco-fashion trends, further boosts demand. The combination of these drivers underscores the growing importance and potential of cellulosic man-made fibers in the global textile industry, positioning them as key players in the future of sustainable textiles.
The growth in the cellulosic man-made fibers market is driven by several factors. Firstly, there is an increasing consumer awareness and demand for sustainable and biodegradable textiles, which propels market expansion as more consumers seek eco-friendly alternatives to synthetic fibers. Secondly, technological advancements in fiber production, such as the development of eco-friendly lyocell and high-tenacity modal fibers, enhance product offerings and reduce the environmental impact of manufacturing processes. Thirdly, the expanding applications of these fibers in various end-use industries, including fashion, home textiles, and healthcare, create new growth opportunities. For instance, the use of lyocell in medical textiles due to its hypoallergenic properties and in high-performance sportswear for its moisture management capabilities highlights its versatility. Additionally, regulatory support for sustainable practices in textile manufacturing encourages the adoption of cellulosic fibers, with many governments implementing stricter environmental regulations and incentives for eco-friendly production methods. Lastly, shifting consumer preferences towards natural and comfortable fabrics, coupled with the rising popularity of athleisure and eco-fashion trends, further boosts demand. The combination of these drivers underscores the growing importance and potential of cellulosic man-made fibers in the global textile industry, positioning them as key players in the future of sustainable textiles.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Clothing Application segment, which is expected to reach US$18.8 Billion by 2030 with a CAGR of a 4.2%. The Fabrics Application segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.1 Billion in 2023, and China, forecasted to grow at an impressive 4.1% CAGR to reach $5.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cellulosic Man-Made Fibers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cellulosic Man-Made Fibers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cellulosic Man-Made Fibers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aditya Birla Group, Baoding Swan Fiber Co. Ltd., Celanese Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 52 Featured):
- Aditya Birla Group
- Baoding Swan Fiber Co. Ltd.
- Celanese Corporation
- Century Rayon Limited
- Daicel Corporation
- Eastman Chemical Company
- Formosa Chemicals & Fiber Corporation
- Glanzstoff Industries
- Grasim Industries Limited
- Indorama Ventures Public Company Limited
- International Paper
- Jiangsu Aoyang Technology Co. Ltd.
- Kelheim Fibres GmbH
- Lenzing AG
- Mitsubishi Chemical Corporation
- NRC Limited
- PT. South Pacific Viscose
- Smartfiber AG
- Tangshan Sanyou Xingda Chemical Fiber Co. Ltd.
- Thai Rayon Public Co. Ltd.
- Toray Industries Inc.
- Xinxiang Bailu Chemical Fiber Co. Ltd.
- Zhejiang Fulida Co. Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Aditya Birla Group
- Baoding Swan Fiber Co. Ltd.
- Celanese Corporation
- Century Rayon Limited
- Daicel Corporation
- Eastman Chemical Company
- Formosa Chemicals & Fiber Corporation
- Glanzstoff Industries
- Grasim Industries Limited
- Indorama Ventures Public Company Limited
- International Paper
- Jiangsu Aoyang Technology Co. Ltd.
- Kelheim Fibres GmbH
- Lenzing AG
- Mitsubishi Chemical Corporation
- NRC Limited
- PT. South Pacific Viscose
- Smartfiber AG
- Tangshan Sanyou Xingda Chemical Fiber Co. Ltd.
- Thai Rayon Public Co. Ltd.
- Toray Industries Inc.
- Xinxiang Bailu Chemical Fiber Co. Ltd.
- Zhejiang Fulida Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 278 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 23.2 Billion |
| Forecasted Market Value ( USD | $ 31 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
