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Cellulose Fiber Market future trends to 2024 key players Lenzing SA, Grasim Industries, Fulida, Tangshan Sanyou, Shandong Helon, Sateri, Daicel Corporation, Kelheim Fibres GmbH and Indo-Bharat Rayon
Cellulose Fiber Market
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Cellulose Fiber Market size is projected to cross USD 39 billion by 2024. Enhancing textile and apparel market will likely be the principal driving factor for global cellulose fiber market growth. Artificial cellulose fibers derived from plant based pulps are heavily used in textile industries for apparel manufacturing. Growing GDP and increasing expendable income coupled with rapidly increasing population, regularly upgrading fashion style, and better quality and cost efficient textiles will have a positive effect on the global textile and apparel market in the upcoming years.
Global textile and apparel market recorded over USD 1 trillion in 2015 and is projected to grow substantially up to 2024. Emerging economies such as India, China, and certain African countries will witness a steady growth in demand owing to availability of economical labor force for the large number of textile manufacturing industries, hence propelling the overall cellulose fiber market growth.
Ecofriendly nature of cellulose fibers over petrochemical based alternatives such as nylon and polyester will likely be another propelling factor for the market growth. These fibers are produced out of pulp from barks, woods, and leaves of cellulose rich crops and are biodegradable unlike nylon or polyester fibers. Also, stringent volatile organic compounds (VOCs) norms will support the growth of the global cellulose fiber market in the next eight years.
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Strict forest laws against deforestation may restrain the market growth in the forecast timespan. Global pulp industry is gradually shifting towards Asia Pacific and African countries due to the mandatory regulations in North America and Europe. Inconsistent wood pulp prices on account of the norms may affect the cellulose fiber market negatively. Cost effective labor force for textile industries in African countries may enhance the MEA cellulose fiber market notably in the projected forecast timespan.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Lenzing AG
2. Daicel Corporation
3. Kelheim Fibres GmbH
4. Grasim Industries Limited
5. Tangshan Sanyou
6. Shandong Helon Textile Sci. & Tech. Co., Ltd.
7. Thai Rayon
8. Fulida
9. Sateri
10. Aoyang
11. PT. Indo-Bharat Rayon
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Competitive landscape is moderately consolidated and the top market players include Lenzing SA, Tangshan Sanyou, Grasim Industries, Shandong Helon, Fulida, and Aoyang.
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