Cellulose Fiber Market latest 2020 trend, growth outlook, application & forecast 2024
Category: #business  By Rahul Sankrityayan  Date: 2020-02-14
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Cellulose Fiber Market latest 2020 trend, growth outlook, application & forecast 2024

The Cellulose Fiber Market is set to grow from its current market value of more than $17.5 billion to over $39 billion by 2024; as reported in the latest research study.

Advanced consumerism, rising fashion awareness and increasing disposable income of the consumers is promoting the Cellulose Fiber Market growth. Global textile and apparel market recorded over USD 1 trillion in 2015 and is anticipated to boom with the increasing GDPs of the emerging regions such as India, China, Brazil, and Africa. Presence of numerous manufactures providing competitive prices in these demanding regions will further accelerate the growth of the cellulose fiber industry. 

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Cellulose fiber is processed from dissolving pulp of cellulose rich plants such as bamboo, cotton, jute, flax, hemp, etc. Biodegradable and eco-friendly nature of these fibers, unlike the petrochemical based products are boosting the penetration of cellulose fiber over the globe. Moreover, stringent government norms regarding the emission of Volatile Organic Compounds (VOCs) will also complement the growth of cellulose fiber industry share in the coming seven years.

Clothing application is anticipated to be the fastest growing segment

The application landscape of the global cellulose fiber market is segmented into three main categories including fabrics, clothing, and spun yarn. Artificially manufactured fibers find extensive use in the apparel and textile manufacturing. The global clothing and apparel industry is projected to witness significant growth, owing to changing fashion trends and increasing consumer spending capacities. Moreover, low cost replacements of polyester and nylon fibers with abilities such as light weight and recyclability will fuel the cellulose fiber industry demand in clothing and apparel applications. Clothing application will hold the leading position over the global cellulose fiber industry share registering a CAGR of 9.5% over the period of 2016-2024.

Furthermore, the spun yarn application generated revenue worth USD 2 billion, accounted for 13% of the overall cellulose fiber industry in 2015. The spun yard is widely used in the knitting and embroidery application and will support the product market growth in the Asia Pacific region. The regional market is estimated to record a CAGR over 9.5% from 2016-2024.

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Asia Pacific is projected to lead the regional landscape

Taking into consideration the regional outlook, Asia Pacific cellulose fiber market is anticipated to be the fastest growing region, attaining a CAGR of 9.5% over the period of 2016-2024. Presence of a large number of textile industries in Asian countries along with high production of jute, cotton, and bamboo in India & China will accelerate the growth of the industry.

Middle East and Africa cellulose fiber market worth USD 1.5 billion in 2015, is projected to reach USD 3.5 billion by 2024, owing to cost effective workforce and resourceful areas in several countries. The growing manufacturing base of the textile industries in the African region will further propel the industry growth. The MEA cellulose fiber market is expected to register a CAGR of 9% over the period of 2016-2024.

Partial Chapter of the Table of Content

Chapter 3   Cellulose Fiber Industry Insights

3.1   Cellulose fiber Industry Segmentation

3.2   Industry Size and forecast, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Vendor matrix

3.3.2   Distributor matrix

3.4   Industry Impact forces

3.4.1   Growth drivers

3.4.1.1   Rising textile market

3.4.1.2   Abundance of raw material

3.4.1.3   Environment friendly properties

3.4.2   Industry pitfalls and challenges

3.4.2.1   Regulatory policies regarding forestry

3.5   Growth potential analysis

3.6   Porter’s analysis

3.7   Company market share analysis, 2015

3.7.1   Strategic landscape

3.8   PESTEL analysis

3.9   Regional price trends

3.9.1   Cost structure analysis

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Cellulose fiber market is poised to witness interesting developments as the industry is consolidated with top six players sharing more than 50% of the overall industry share. The top market players include Lenzing SA, Grasim Industries, Shandong Helon Polytex Chemical Fiber Co., Ltd., Fulida, Aoyang, and Tangshan Sanyou.

Report Highlights

– An in-depth evaluation of the vendor matrix as well as leading companies that would help understand the competition scenario in the global market

– Insights about the regulatory as well as investment scenarios of the global market

– An analysis of the factors fuelling the market growth as well as their influence on the projection and dynamics of the global Industry

– A detailed roadmap presenting the growth opportunities in the global market alongside the identification of key factors

– An exhaustive evaluation of the numerous trends prevailing in the global industry that would help identify market developments

Get More News From Other Reputed Sources:

Cellulose Fiber Market to exceed $39 Billion by 2024

2019-24 | Cellulose Fiber Market to Register USD 39 Bn Revenue

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About Author

Rahul Sankrityayan

Rahul Sankrityayan    

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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