Regenerated Cellulose Market to be Dominated by Textile Segment Through 2027
Rising textile industries
and growing demand of automobiles are expected to drive the demand for the
Regenerated Cellulose market in the forecast period, 2023-2027.
According to TechSci Research
report, “Regenerated Cellulose Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global regenerated
cellulose market is anticipated to grow at an impressive rate in the upcoming
period, 2022-2027. Rayon is a standard term for regenerated cellulose fiber
such as modal, Viscose, Tencel, triacetate, and others. Due to similar
characteristics to cotton, it absorbs water from the skin and provides
desirable comfort. According to a report, in 2021, the production of
regenerated cellulose fiber is expected to be 7.1 million metric tons annually,
which is 9.2% higher than last year. It can be interpreted that the regenerated
cellulose market will increase in the upcoming year. Apart from these, scarcity
of raw materials, a limited number of productions, and environmental factors
are other factors expected to hinder the market's growth through 2027.
Around the world, government and private
agencies are running different initiatives to use eco-friendly products,
driving market growth. Growing demand from various industries such as textile,
automobile, agriculture, packaging, and others influences growth. Moreover, its
versatile use for different purposes, technological advancement, favorable
government policies, and the marketer's effort will impact the market's growth.
Recognizing the above factor, It is expected that the need for regenerated
cellulose will rise in the anticipated year. As per the report, the market
value of United State America regenerated cellulose fibers is forecasted to
reach 4.5 billion U.S. dollars in 2025. Thus, the demand for regenerated
cellulose fibers in the USA for the projected period will increase.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global Regenerated Cellulose Market"
The Global Regenerated
Cellulose Market is segmented based on type, source, and end-user industry.
Based on type,
the market is divided into fiber and film. Fiber is expected to hold the
largest market share in the forecast period, 2023-2027. Among its categories,
the fiber contains some exceptional properties such as high wet tenacity, good
absorbency, soft, lustrous, easily dyeable, biodegradability, good drape
ability, and others that help fiber segment as the best substitute over
synthetic fibers.
Based on source,
the market is divided into wood-pulp, non-wood-pulp, and recycled pulp/de-inked
pulp. As per estimates, the wood-pulp segment will experience the highest
market share during the forecast period. The high stretchable strength, wet
resistance, excellent captivating capacity, and high scratch resistance make
products that customers want and need. Apart from these, it is used to make
ropes, tire cords, and different things.
Based on the
end-user industry, the market is divided into textile, automotive, packaging,
agriculture, and others. The automobile segment will experience the highest
market share during the forecast period. The textile segment holds the highest
market share in its end-user industries in the forecasted period. As the
product is eco-friendly and has cotton-like features, make this product a very
demandable product in the segment. Due to its versatile fabric range, it is
used to make blankets, innerwear, sportswear, fashionable dresses, curtains,
carpets, and different types of dresses.
Major
operating companies operating in global regenerated cellulose market are:
- Grasim Industries Limited
- Lenzing AG
- GP Cellulose, LLC
- Eastman Chemical Company
- Fulida Group
- Kelheim Fibres GmbH
- CFF GmbH & Co. KG
- Century Textile and Industry Limited
- Celanese Corporation
- Asahi Kasei Corporation
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
"
The Asian-pacific region is expected to dominate the global regenerated
cellulose market due to the growing population & their growing disposable
income, people awareness, and favorable government policies. The global
regenerated cellulose market is expected to grow at an impressive rate due to
growing demand for rising textile industries and the growing demand for
automobiles. The report published by the government of India state that the
global market size of apparel is projected to be 2600 billion USD in 2025 and
is expected to grow at 4% CAGR per year. European Union, the United States of
America, and China collectively hold 54%. Thus, the demand for rayon used in
the production of products and accessories will be directly influenced by the
growth of the regenerated cellulose market in the projected year.
Additionally,
growing demand from various industries such as textile, automobile,
agriculture, packaging, and others influences growth. Moreover, its versatile
use for different purposes, technological advancement, favorable government
policies, and the marketer's effort will impact the market's growth and propels
the global regenerated cellulose market growth till 2027." said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Global Regenerated Cellulose
Market, 2027- Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027, Segmented By Type (Fiber, and Film), By Source (Wood-Pulp,
Non-Wood-Pulp, and Recycled Pulp/De-inked Pulp), By End User Industry (Textile,
Automotive, Packaging, Agriculture, Others), By Company (2021) and By Region, has
evaluated the future growth potential of Global regenerated cellulose 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 regenerated cellulose market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com