Polycarbonate Glazing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2023

Market Insights:

Polycarbonate glazing are heat-blocking sheets that reduce heat buildup as well as condensation control in skylights and architectural glazing for the treatment of greenhouses and garden centers. This material permits around 85% penetration of light, heats up less than glass and withstands mechanical blows. This material is flexible in nature which make it suitable for utilization in the manufacturing of curved surfaces. These sheets are of different size and shapes, ranging from typical flat sheets to multiple layers and some more specialized panels including standing steam or tongue and groove design. Polycarbonate glaze possess cellular polycarbonate arrangement that cause a lightweight sheet with high impact durability and high class thermal insulation. Polycarbonate is also available in solid form ranging from 3mm to 12mm. This product seems to be virtually indestructible and provides endless opportunities for usage in those areas where security and safety issues are paramount.

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As per analysis, some of the market factors and trends identified in the global polycarbonate glazing market includes growth of construction sector, increasing automotive production, and favorable government regulations. Furthermore, growing urban population, escalating investments, and rising per capita disposable income in emerging economies is anticipated to give new impetus to the polycarbonate glazing demand over the forecast period. The benefits of these sheets percolated across commercial, industrial, and institutional sectors finding wide application scope in overhead glazing and greenhouse glazing which will further boost up the market growth. Moreover, shifting consumer preference towards green & sustainable construction is expected to benefit the polycarbonate glazing demand in the upcoming years. Additionally, rising demand for lightweight automobiles coupled with adoption of strict emission reduction norms are predictable drivers of the market. Moreover, significant increase in automotive production sales in developing and developed regions is expected to fuel the market growth. However, high cost associated with the polycarbonate glazing material along with the regulations prohibiting the usage of polycarbonate in automotive windscreens is predicted to hinder market growth over the forecast period. According to MRFR analysis, cumulatively the global polycarbonate market was valued at USD 3,789.0 million in 2016 and is expected to reach USD 6,629.4 million by 2023 with 8.43% CAGR during the review period.

Global Key Players;

·         Brett Martin Plastic Sheets

·         Palram Industries Ltd.

·         Plazit Polygal

·         Guangdong Amuse Plastic Products Co. Limited

·         MG Polyplast Industries Pvt. Ltd

·         SABIC

·         Gallina

Industry/ Innovation/ Related News:

August 2, 2017- Plazit polygala has recently introduced new product line called TOPGAL Multi Wall Panel System, earlier this month. The product specified of 11 layer 32 mm thickness which is particularly applicable in cold climate. Topgal panels and components combine to offer more rigidity, thermal insulation, strength and solar heat control than our standard sheets and profiles.

March 9, 2017- Palram Industries Ltd. has recently announced launch selective light transmission roofing panels for greenhouse, gardening centers and retail outlets. The product is called "SolarSmart". The newly introduced panels are beneficial in the seasonal changes in weather. In temperate regions, panels facilitating maximum light transmission for plants and good thermal insulation are used to minimize the need for artificial heating.

May, 2016- SABIC launched clear and lightweight sheets at exhibition held in Hamburg for aircraft interior industry, in order to help aviation customers to reduce weight and cost, enhance safety and sustainability, and optimize flying experience. This development is set to propel demand of the product form aerospace industry which is driven by increasing civil aviation sector across the world

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Key Findings:

Global Polycarbonate Glazing Market is projected to reach USD 6,629.4 million by 2023, expanding at a CAGR of 8.43%. Asia Pacific has accounted for largest share due to significant growth of end-use industries such as construction and automotive. Asia Pacific is estimated to retain its dominance in the global polycarbonate glazing market due to continuously evolving building & construction standards combined with the complicated geometries involved with automotive manufacturing. On the basis of application, architectural glazing application hold the largest market share and was valued at USD 1,080.4 million in 2016 and expected to grow significantly with a CAGR of 8.66%, followed by roofing & skylights and sidelights application respectively. Asia Pacific being the major polycarbonate glazing market projected to be the area of investment for the major players operating in this business.

Market Segmentation:

The polycarbonate glazing market is fragmented on the basis of application, end use, and region. Based on application, global polycarbonate glazing market is divided into architectural glazing, sidelights, roofing & skylights, windscreens, illuminated signage & displays, and others. Among these, architectural glazing dominated the market with a major value share in 2016. Based on end use, the market is segmented into industrial construction, commercial construction, institutional construction, horticulture & agriculture, automotive, and others. On the basis of regions, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Regional Analysis:

Geographically, the polycarbonate glazing market is segmented into five regions viz. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these, Asia Pacific emerged as the leading polycarbonate market in 2016, driven by the growth of construction and automotive industry. Asia Pacific region accounted for around 44% of the overall volume share in 2016 and is expected to witness the fastest CAGR over the forecast period. The demand for polycarbonate glazing is expected to surge in developing countries such as China, India, Japan, and Vietnam due to growing building & construction and automotive sector. Additionally, the Middle East & Africa is expected to witness an average growth rate, growing with an average CAGR from 2017 to 2023.
Developed regions such as Europe and North America are also predicted to witness a significant growth owing to strict regulatory framework along with high technology adoption rate. Moreover, the volume of vehicles produced in these two regions are tremendous and will further benefit the overall polycarbonate glazing market in the upcoming years.’

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Label Adhesives Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2023

Label Adhesives Market Forecast to 2023:

Label Adhesive is a sticky substance applied on small piece of paper, which is designed to be affixed to another larger piece of paper or other object. The product is, essentially, used in self-adhesive labels, which is a three-layer paper structure with a Label Adhesive sandwiched between two different types of papers. The most familiar type of label is the postage stamp developed during nineteenth century. Six important types of Label Adhesives are present in the market depending upon their applications, such as permanent, removable, freezer, high temperature, and repositionable. The major applications of such adhesives is in labels applied on different types of substrate of material namely, PET, metal, or polyolefin bottles.

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The growth of this market is due to factors like increasing demand for informative labels on bottles containing food and beverages. Requirements of buyers and sellers today regarding product choice are different today. Today, the laws from government and regulatory authorities also make it compulsory for food brands to list basic nutritional information on the product packs for which, labels are required. The global market for label adhesives can rise during the forecast period with manufacturers of consumer goods increasingly adopting the use of labels because attractive packaging and labeling are visually appealing to consumers.

However, the bottlenecks that can hamper the market growth include the formulation and implementation of new regulations, like Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) in Europe. Some other directives to control solvent emissions are likely to affect market growth negatively. Lastly, with many manufacturers using flexible, printed, and rigid packaging the need for the label gets eliminated which can hurt the market.

The global label adhesives market has been segmented on the basis of end users, type, substrate type, technology, and lastly, region. On the basis of end users, this market has been segmented into food & beverages industry, personal care & cosmetics, pharmaceuticals companies, and other retail products. The market on the basis of end users is growing with the increasing and emerging middle-class population which has high disposable income today. Middle-class population often uses labels to mark their boxes while planning to move into a new house.

By type, the market has been segmented into the freezer, high temperature, permanent, removable, and repositionable. Based on substrate type, the market has been segmented into polyethylene terephthalate (PET), metal container, and polyolefin bottle. Polyethylene terephthalate is the most common thermoplastic polymer resin of the polyester family. It is useful for containers for liquids and foods, fibers for clothing, and thermoforming for manufacturing. When combined with glass fiber, it is useful for engineering resins. The technology-based segmentation segments the market into hot metal based, water-based, and solvent-based.

The regional segmentation of the global label adhesives market segments the market into the regional markets namely Asia Pacific, Europe, Latin America, the Middle East & Africa (MEA), and North America. According to the report, Asia Pacific is expected to emerge as the fastest growing market during the forecast period with a 40% share. In the region, the market growth is primarily driven by increasing use of packaged items starting from food & beverages to other retail product. Among all regional markets, the Asia Pacific is expected to rise with the highest CAGR during the forecast period. The crucial country-specific markets in this region are Australia, China, India, Japan, and New Zealand, followed by the rest of the Asia Pacific region.

Europe is another substantial regional market. In this region, the market is driven by demand for the material by industries like food & beverages, and pharmaceuticals. In this region, the most important country-specific markets are France, Germany, Italy, Poland, Russia, Spain, and the United Kingdom (UK). North America is coming next after Europe to be one of the significant regional markets. The European market is bigger as its population is more than North America. The highest demand for label adhesives in North America comes from manufacturers offering packaged and canned food products. In this region, the majority of key players in the market are based in the United States of America (USA). Another key market in this region is Canada.

Among Latin America and MEA region, the Latin American market is expected to grow at faster due to pacifying economic and political scenario. The key country-specific markets in this region are Argentina, Brazil, and Mexico, followed by the rest of Latin America. In the MEA region, the market is slow due to political instability. The key country-specific markets in this region are Bahrain, Israel, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, United Arab Emirates (UAE), and North Africa.

Global Key Players:

ü  3M

ü  Akzo Nobel N.V.

ü  Ashland Global Holdings Inc.

ü  Avery Dennison

ü  BOSTIK S.A

ü  The Dow Chemical Company

ü  H.B Fuller

ü  Henkel AG & Co. KGaA

ü  ITL Apparel Label Solution

ü  Lintec Corporation

ü  PPG Industries, Inc.

Latest Industry News

• Officially marking its debut in the craft beer labeling market, Mactac Roll Label has launched a new line of all-temperature, pressure-sensitive paper, and film craft beer labels. 23 AUG 2018
• At Labelexpo Americas 2018 event, Taghleef Industries launched new multi-layer barrier films called PPFB and PPGB. These films are for industrial labeling applications that require an extreme barrier to staining associated with tire, battery and candle labeling. 5 SEP 2018

Intended Audience

• Label Adhesive Manufacturers
• Traders and Distributors of Label Adhesive
• Research and Development Institute
• Potential Investors
• Raw Material Suppliers
• National Laboratory

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Construction Additives Market Evolving Technology, Trends and Industry Analysis & Forecast to 2023

Market Scenario:

Global construction additives market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The global construction additives market is primarily driven due to growing urbanization, improved quality, and properties of construction materials and high demand for construction additives in developing countries. The construction industry is evolving continuously as huge differences are witnessed between the structures built today and the ones built over a decade ago. Changing lifestyles, rapid urbanization, and the demand for enhanced aesthetics for residential, commercial, and infrastructure, have forced architects and engineers to innovate the design of concrete structures suited for various applications. On the flipside, tight project completion deadlines and the increasing variable costs of construction present a challenge for efficient execution of the construction projects. Construction additives offer the benefits of high quality, increased efficiency, and better finishing. Lack of awareness regarding construction additive techniques and their benefits, along with unstable costs of raw materials, might restrain the demand for this type of construction technique.

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Rapid growth in the construction sector is one of the major factors driving the construction additives market. High demand for residential and non-residential buildings has a significant impact on the demand for construction additives, as they are used in the flooring and walls of the buildings. Consumer preferences for improved and high-quality cement are expected to boost the overall product consumption rate in future as cement additives are helpful in increasing product strength, and are capable of providing waterproofing feature, enhanced chemical resistance, color, and high water reduction.

The construction industry has witnessed a significant change with the introduction of construction additives as they provide flexibility to designers to modify and enhance both, physical and chemical properties of concrete. This includes compressive strength, durability, surface finish, and resistance to withstand adverse climatic and working conditions as per design specifications/requirements without compromising the quality of the concrete structure. However, the rising emissions of toxic chemicals, is expected to hamper the construction additives market growth in the future.

Global construction additives market has been segmented based on type, end-use, and region. The commercial sector is projected to be the fastest-growing segment in the construction additives market during the forecast period. The gradual shift of building contractors and consumers toward cost-efficient, eco-friendly, modern building techniques, and the utilization of ready-mix concrete in developing countries create growth opportunities for the construction additives market. Whereas, the chemical additives segment is projected to grow at a higher CAGR during the forecast period. This growth can be attributed to factors such as introducing high strength to concrete with less water content, and easy workability. Chemical additive-based concrete finds applications in complex reinforcement models, such as underwater locations, roof decks, foundations, and pavements, where accessibility is the main constraint.

The industry is expected to have a huge number of new entrants over the forecast period owing to continuous developments in construction industry coupled with growing consumer preferences for high-quality cement. The market is also expected to have high expansion activities by multinationals and well-established companies. Mergers and acquisitions are expected to be seen over the forecast period.

The global construction additives market is expected to grow at ~ 7% CAGR during the forecast period.

Global Construction Additives Market The global construction additives market is expected to witness a phenomenal growth during the forecast period. This is due to the considerable growth in the construction industry with population boom along with declining interest rates, which has propelled the housing market in various regions. The growth is primarily attributed to rising incomes from the economic growth have boosted housing and construction market in various countries, which is likely to continue during the forecast years. The Asia Pacific region is currently the leading region in global construction additives market, followed by North-America. Middle East & Africa is also expected to grow at a high CAGR, owing to high construction activities, coupled with increasing demand for enhanced additive products.

Key Players The key players of global construction additives market are BASF SE (Germany), Sika Group (Switzerland), The Dow Chemical Co. (U.S.), W. R. Grace and Company (U.S.), RPM International Inc (U.S.), CHRYSO Group (France) Evonik Industries AG (Germany), Mapei S.p.A (Italy), Fosroc (U.K.) and Cico Group (India).

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction additives market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

Asia Pacific Construction Additives market is expected to grow at the highest CAGR

Currently, the Asia Pacific region is the largest consumer of construction additive products. China, U.S., and Germany are among the major markets of construction additives, globally. The Asia Pacific construction additives market is projected to register the highest CAGR during the forecast period. The rising number of infrastructural activities and the population in China, Japan, and Australia, drive the growth of the Asia Pacific construction additives market. Additionally, other emerging economies such as South Africa and countries in the Middle East and South America are experiencing high demand for residential and commercial constructions. The rapid urbanization in these countries demand faster and cheaper construction of buildings and facilities without compromising on quality. The rise in the number of government investments in infrastructural constructions, further boosts the growth potential of the construction additives market in these regions.

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Polyhydroxybutyrate Market by Manufacturers, Regions, Type, Application and Forecast till 2023

Europe is predicted to lead the market during the forecast period due to increasing consumption of polyhydroxybutyrate in end use industries such as pharmaceutical, automotive, food, agriculture, and others. The strong manufacturing base of packaging industry coupled with increasing demand in Germany and U.K is expected to drive demand over the forecast period. Prohibition on the sale of plastic shopping bags, rising consumer awareness regarding the use of biodegradable plastics, and relaxation in taxes on the use of biodegradable plastics are the major factors driving the market growth in European countries such as Italy, France, and Germany.

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In North America, specifically in the U.S, government has imposed stringent regulations against the use of non-degradable plastic, which has consequently increased PHB production and is leading to the growth of PHB market. Increasing demand for advanced and easy to use medical devices in U.S based pharmaceutical industries is also expected to propel market growth. Increase in the number of geriatric population and expansion of healthcare market in the Canada and U.S. is expected to fuel the market growth.

Asia Pacific is expected to register a significant growth over the forecast period owing to growing agricultural use of PHB in developing countries such as China, Japan, and India. Increasing industrialization in emerging economies and rising automobile sales in Asia Pacific are a few other factors driving the PHB consumption. Increasing disposable income coupled with favorable regulations is attracting foreign investments and is predicted to influence PHB demand.

Industry Segmentation:

Segmentation of global polyhydroxybutyrate market is done on the basis of application, end use industry and region. On the basis of application, market is segmented into medical devices, packaging, mulch films, and others. Based on the end use industry, the market is categorized into pharmaceutical, food, agriculture, automotive and others.

Polyhydroxybutyrate possess superior properties such as excellent flexibility, toughness and high biodegradability thus making it suitable for manufacturing bin bags, cling wraps, and bottles for food industry. PHB exhibits non-toxicity and is widely used in the production of mulch films for end use industry such as agriculture. PHB is also used as medical implants and as drug delivery carriers because of its non-toxic nature.

On the basis of region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa.

Key players-

Ø  BASF SE

Ø  Biomer

Ø  TianAn Biologic Materials Co., Ltd.

Ø  PHB Industrial S.A

Ø  BIO-ON

Ø  Telles, LLC

Ø  TEPHA INC

Geographical Analysis 

The report covers brief analysis of geographical regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Intended Audience

• Polyhydroxybutyrate manufacturers
• Traders and distributors of polyhydroxybutyrate
• Production process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory

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Methacrylate Monomers Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2023

Market Overview:

Methacrylate monomers is an important industrial monomer which is used in various industries such as architectural, automotive¸ aerospace, marine, construction, and others. Basically, methacrylate is the building block for a huge range of acrylic applications that are found in various industries worldwide. Demand for methacrylate monomers has grown over years due to applicable in growing industries such as automotive and construction. Therefore, a necessity for large investment in methacrylate monomers industry and a requirement for improved the manufacturing technologies is became worldwide demand. Methacrylate monomers are specialty chemicals developed for very specific applications such as coatings, paints, inks, adhesives, and others. They can be also used as chemical intermediates, to enhance compatibility, flexibility, impact modification, heat resistance, crosslinking. They helps to enhance the performance of advanced materials by reducing replacing styrene, improving surface rigidity, and influence resistance.

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The demand of methacrylate monomers is highly in the Asia-Pacific region which is primarily driven by the rising demand for high quality coatings from end-use industries. In addition, in terms of value, Asia-Pacific is likely to be the highest growing market for methacrylate monomers. Moreover, this high growth is because of the increased demand from the automotive, construction, and aerospace industry in the region.

Key Players: Mitsubishi Rayon Co. Ltd, Sumitomo Chemical Co., Ltd, Chi Mei Corporation, Arkema Group, BASF SE, Evonik Industries, The Dow Chemical Company, Lucite International, Eastman Chemical Company, Monomer-Polymer & Dajac Labs

Segmentation: The global methacrylate monomers market is majorly segmented on the basis of derivatives, application, end users and region. Based on derivatives of methacrylate monomers the market is segmented into behenyl methacrylate, tert-butyl methacrylate, cyclohexyl methacrylate, iso-decyl methacrylate, stearyl methacrylate, and others. Furthermore, based on application of methacrylate monomers the market is segmented into as coatings, paints, inks, elastomers, adhesives, and others. On the other hand, based on end user the market segmented into architectural, automotive¸ aerospace, marine, construction, and others, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

Regional Analysis: Asia Pacific is the largest market of methacrylate monomers due to demand in various applications such as coatings, paints, inks, elastomers, adhesives, and others, in China region followed by Japan, and India. Increasing demand for automotive industry in China, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global methacrylate monomers market followed by increasing in the consumption of methacrylate monomers market in North America region. In North America region, methacrylate monomers market is mainly drive by automotive, construction and aerospace industry. In addition, the third largest market of methacrylate monomers is Europe region due to large consumption in construction and architecture industry. Moreover, Latin America and Middle East also witnessed in growth of methacrylate monomers market due to various application such as coatings, paints, inks, elastomers, adhesives, and others.

Geographic Analysis: The report covers brief analysis of geographical region such as North America, Europe, APAC, and RoW.

The report about Global Methacrylate monomers Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.

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Epichlorohydrin Market Phenomenal Growth, Insight and Professional Survey Report 2019

Market Overview:

The global epichlorohydrin market is presumed to demonstrate 5% CAGR during the forecast period (2016-2023) owing to the growing demand for epoxy resins by several end-use industries, asserts Market Research Future (MRFR). Also known and ECH, 2, 3-epoxypropyl chloride, chloromethyl oxirane, and oxirane, epichlorohydrin possesses features such as excellent resistance to ozone & weathering, excellent resistance to hydrocarbon oils & fuels, durability from low to high temperature, and low solvent & gas permeability. The product is a colorless toxic, bitter smelling epoxide volatile liquid mainly used in the production of synthetic glycerin, epoxy resins, water treatment chemicals, and others.

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Competitive Dashboard

·         Samsung Fine Chemicals Co. Ltd.

·         Formosa Plastics Corporation

·         Aditya Birla Chemicals

·         Zachem SA

·         Shandong Haili Chemical Industry Co. Ltd

·         NAMA Chemicals

·         Osaka Soda Co. Ltd.

·         Sumitomo Chemical Co

·         Dow Chemical Company

Industry Updates;

December 18, 2018: A team of researchers has recently found contradictory effects of filler concentration in curing epoxy resin with anhydride in the presence of halloysite nanotubes. Epoxy resins can be cured with a number of curing agents like anhydrides and amines, but anhydride curing will be more favorable for research purpose as epoxy-anhydride curing takes place slowly at room temperature.

Drivers and Constraints Impacting the Market

With the increasing demand for epoxy resins in several end-use industries such as automotive, building and construction, and renewable energy equipment, the global market for epichlorohydrin is considered to flourish. The growing demand for synthetic glycerin owing to its rising applications is considered to drive the market across the globe. Fluctuation in the propylene prices and rising production of raw glycerin which is obtained as a by-product of biodiesel manufacturing has increased the process, where glycerol is used as a raw material. Moreover, manufacturing of ECH in recent days, have followed the green trend in the chemical industry by using environmentally-friendly raw materials and sustainable engineering. With the rising demand from the developing economies in Asia and Eastern Europe, the global epichlorohydrin market is expected to foster. Moreover, the advent of advanced technologies applied in the epoxy resins and polycarbonate industries are likely to drive the market in the coming years.

On the flip side, epichlorohydrin is moderately toxic and can cause skin inflammations. Thus, the concern of the regulatory bodies associated with the dangerous effects of epichlorohydrin on the environment as well as on the health is considered to dampen the market growth during the assessment period.

Global Epichlorohydrin Market: Segmental Analysis

The global epichlorohydrin market has been segmented on the basis of end-users, application, and region.

By mode of application, the global epichlorohydrin market has been segmented into synthetic glycerin, epoxy resins, water treatment chemicals, and others. The others segment has been further sub-segmented into water-treatment resins, elastomers, ion exchange resins, surfactants, dyestuffs, plasticizers, lubricants, oil emulsifiers, and adhesives. Among these, the epoxy resins are used across industries including coatings, adhesives, and plastics. They are used in the production of dyes and inks in several end-use industries. The synthetic glycerin is extensively used in the cosmetic industry, and solvents, commercial insecticides surfactants, textiles, pharmaceuticals, and paper sectors.

By mode of end-users, the global epichlorohydrin market has been segmented into electronics, automotive, pharmaceutical, textiles, construction industry, and others.

Regional Insights:

Geographically, the epichlorohydrin market span across regions namely, North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, Asia Pacific is considered to hold the largest market share owing to the demand in several applications such as synthetic glycerin and epoxy resins in China followed by Japan. Also, with the increasing demand for synthetic glycerin and epoxy resins in Taiwan, India, and South Korea, the Asia Pacific region is expected to experience a robust boost during the assessment period. Moreover, the increasing activities in petroleum refining are likely to propel the market growth in this region followed by Europe.

The North American region is the third-largest regional market owing to the rising optimism in industries with high demand for chemical products. The U.S. is considered to be the major consumer of epichlorohydrin in this region and has adopted a cautious approach for economic growth. With the introduction of strict laws against epichlorohydrin in Canada, the demand for epichlorohydrin will lower gradually.

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Cellulose Fiber Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2023

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.

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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.

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