Market
Overview:
Market Research Future (MRFR)
predicts in their global cellulose fiber market report that the said market can
exceed a valuation of USD 37,284 million over the forecast period (2017-2023).
During the same time, the achieved CAGR would be quite substantial. Cellulose
fibers are mainly sourced from ethers or esters of cellulose which can be
obtained from the bark, wood or leaves of plants, or materials that are
plant-based. Two other components are found in cellulose; hemicellulose and
lignin. By varying the quantity of these two components mechanical properties
of the cellulose fiber can be altered. Cellulose fibers have a profound impact
on the textile industry as chemical filters
and as fiber-reinforcement composites. It can be a perfect substitute for
biocomposites and polymer composites. MRFR in their report included segments
based on their volume-wise and valuation-based analysis. The report also
focuses on factors that can help the cellulose fiber market inflate in the coming
years.
Get FREE
Sample Now@ https://www.marketresearchfuture.com/sample_request/2903
The booming textile industry,
burgeoning e-commerce segment, and rising demand from the automotive sector are
prepped up to secure the future of the cellulose market with prosperity. New
regulations and favorable policies from governments are providing the market
thrust. But the cellulose fiber market can get impeded by the volatile raw
material prices. But the rising demand can help the market sustain.
Competitive Landscape:
·
Tangshan
Sanyou Xingda Chemical Fiber Co., Ltd
·
Grasim
Industries Limited
·
Lenzing
AG
·
Sateri
Holdings Limited
·
International
Paper
·
Kelheim
Fibres
·
Eastman
Chemical Company
Industry News:
Researchers from the Singapore
University of Technology and Design, in 2019, came up with a low-cost and
low-pollution technology that would make the end product strong, lightweight
and inexpensive. They named the material FLAM (fungus-like adhesive material).
In 2018, Lenzing discussed their plan
to source wood-based cellulose fiber from compost, landfill, water, and
seawater. The eco-friendly method would back their production by at least
providing them 50% of the resources.
Market Segmentation:
MRFR segments the global cellulose
fiber market by type and application to get a comprehensive overview of the
market.
Based on the type, the global
cellulose fiber market can be segmented into natural and synthetic. The natural
segment had the maximum market share in 2016. It used to control over 54% of
the global market. But the demand is sluggish as sourcing it is becoming an
issue. The synthetic segment is set to expand its dominance as the growing
demand to substantiate the growing need for the product in the coming years.
Based on the application, the
cellulose fiber market can be segmented into apparels, domestic textile,
industrial textile, and others. The apparels segment is all set to register the
highest CAGR of 5.73% during the forecast period.
Regional
Analysis:
MRFR assesses
the cellulose fiber market and analyses it based on regions such as Asia
Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW).
The APAC
region is benefitting from the easy availability of raw materials and its
cost-effectivity. Natural resources are amply available in the region. These
factors are ensuring the dominance of the region in the global market. At the
same point of time, foreign investors are
founding it easy to expand their market in the region. Many of the investors
are now relocating in India and China. The
online fashion trend is one of the major factors that is pushing the
textile industry ahead, and along with it, the cellulose
fiber market is also going up. The market can easily scale valuation of USD 13,553 MN by 2023. China is
heading the market and with the highest CAGR of 5.98% during the forecast period, it can promote the regional market
well. Japan is gaining grounds with a projected CAGR of 5.15% over the review
period. Among the others, Taiwan, South Korea, and India are emerging as
dominant forces in the regional market.
North
America’s cellulose fibers market is growing impressively as in its stature, it
is only next to the APAC region. The large production gets consumed mostly by
the regional market. The regional fashion sector is quite substantial.
Europe’s
cellulose fiber market is doing significantly well after getting ample support
from the well-structured fashion industry.
Get
Browse Research Report@ https://www.marketresearchfuture.com/reports/cellulose-fiber-market-2903
No comments:
Post a Comment