The global cellulose fiber market size is expected to reach USD 62.92 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030. The increasing gap between the demand and production of natural cellulose fibers across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth.
Increasing demand for eco-friendly and biodegradable fibers, especially in textile and hygiene industry is driving the cellulose fibers market. The production of synthetic or man-made fibers includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fibers entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fibers used extensively across end-use industries.
The cellulose fibers market is highly capital intensive and requires proper expertise. The players present in the market are constantly engaged in the research & development for new product and technology innovations. The fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are the major challenges faced by the industry.
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Increasing demand for eco-friendly and biodegradable fibers, especially in textile and hygiene industry is driving the cellulose fibers market. The production of synthetic or man-made fibers includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fibers entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fibers used extensively across end-use industries.
The cellulose fibers market is highly capital intensive and requires proper expertise. The players present in the market are constantly engaged in the research & development for new product and technology innovations. The fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are the major challenges faced by the industry.
Cellulose Fiber Market Report Highlights
- Synthetic products held the largest revenue share of 62.6% in the market in 2023. This is owing to the cost-effectiveness, scalability, and superior performance offered by man-made fibers.
- Natural products segment is expected to grow at a significant CAGR during the forecast period. The increasing emphasis on environment-friendly and sustainable practices has led to a surge in demand for natural fibers, as they align with consumer preferences for environmentally responsible products.
- In terms of application, textile accounted for the highest market share in 2023. The textile industry is an extensive consumer of cellulose fibers, utilizing them as a primary raw material in the production of a wide range of products, such as apparel, home furnishings, and industrial textiles.
- The industrial segment is expected to advance at a notable CAGR over the forecast period. The sector's robust demand for cellulose fibers as a critical component in various manufacturing processes has been a primary driver of this segment’s expansion.
- Asia Pacific led the market with a revenue share of 38.2% in 2023. This region houses well-established industrial and textile sectors, which are primary consumers of cellulose fibers.
The leading players in the Cellulose Fiber market include:
- LENZING AG
- Grasim Industries Limited (Aditya Birla Group)
- Sateri
- Södra
- Eastman Chemical Company
- Kelheim Fibres GmbH
- Tangshan Sanyou Xingda Chemical Fiber CO.,Ltd
- China Hi-Tech Group Corporation (CHTC)
- ENKA GmbH & Co. KG
- CFF GmbH & Co. KG
- Daicel Corporation
- Jiangsu Aoyang Technology Co., Ltd
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Cellulose Fibers Market Variables, Trends, & Scope
Chapter 4. Cellulose Fibers Market: Product Estimates & Trend Analysis
Chapter 5. Cellulose Fibers Market: Application Estimates & Trend Analysis
Chapter 6. Cellulose Fibers Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Cellulose Fiber market include:- LENZING AG
- Grasim Industries Limited (Aditya Birla Group)
- Sateri
- Södra
- Eastman Chemical Company
- Kelheim Fibres GmbH
- Tangshan Sanyou Xingda Chemical Fiber CO.,Ltd
- China Hi-Tech Group Corporation (CHTC)
- ENKA GmbH & Co. KG
- CFF GmbH & Co. KG
- Daicel Corporation
- Jiangsu Aoyang Technology Co. , Ltd
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 100 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 40.22 Billion |
Forecasted Market Value ( USD | $ 62.92 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |