Textile Industry to Dominate Cellulose Fiber Market During Forecast Period
Increasing urbanization,
growing population and rising disposable incomes to drive the growth of global
cellulose fiber market through 2024
According to
TechSci Research report, “Global Cellulose
Fiber Market By Type, By Application, By Region, Competition, Forecast
& Opportunities, 2024”, the global cellulose fiber market
is expected to grow at a CAGR of around 9% during the forecast period. Since there
is a growing demand for environment friendly, body adjustable and
bio-degradable clothing and fabrics from the textile industry, there is a key
growth being witnessed in global cellulose fiber market. However,
the high cost of cellulose fiber is likely to hamper the growth of the market
during forecast period. Prices of raw material required for manufacturing of
cellulose fiber is dynamic in nature and change continuously, thereby curbing
their use in large-scale industries. Additionally, skilled labor and advanced
machinery are required in the production of cellulose. Furthermore, many
government organizations are putting regulations over fiber production which is
impacting the growth of the market. Additionally, the high investment in
research & development activities for developing new technology or product
is the major barrier for the cellulose fiber market.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on" Global Cellulose Fiber
Market"
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The global
cellulose fiber market is segmented based on type, application, company and
region. Based on type, the market can be fragmented into cotton, wood pulp,
jute, viscose, lyocell, modal and others. The wood pulp segment is expected to
hold a significant market share on account of its major applications in the textile
and hygiene industries owing to similar properties as the engineered type.
Based on application, the market can be categorized into textile, filtration,
hygiene, wipes, construction and others. The textile segment dominates the
market on account of rising use of cellulose fibers as a substitution of nylon
and polyester, owing to their low cost, recyclability and less weight.
Lenzing AG, Grasim
Industries Limited, Sateri Holdings Limited, Shandong Helon Polytex Chemical
Fibre Co. Ltd., Tangshan Sanyou Xingda Chemical Fiber Company Ltd., Eastman
Chemical Ltd. Corporation, Zhejiang Fulida Fibre Co., Ltd., Daicel Corporation,
Kelheim Fibres GmbH, Thai Rayon Public Company Limited and others are some of the
leading players operating in global Cellulose Fiber market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share.
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“Asia-Pacific is expected
to be the fastest growing market for cellulose fiber during forecast period,
owing to the rising demand for apparels in this region. Additionally, the
presence of numerous textile and apparel industries in countries like China and
India is further expected to increase the overall demand for cellulose fibers
in the region. Furthermore, strong production trends of raw materials such as
cotton, jute, wool, among others in the region will further propel the growth
of market during forecast period.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Cellulose Fiber Market By Type, By
Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global cellulose
fiber market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global cellulose fiber market.
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