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Cellulose Fibers Market Report, Key Players, Sales, Revenue, Growth and Forecast 2020-2025
Cellulose Fibers Market
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Global Cellulose Fibers Market Trends:
The market is currently experiencing strong growth on account of the escalating demand for versatile, biodegradable, cost-effective and environment-friendly fiber. Apart from this, there is an increase in the utilization of cellulose fiber in the production of industrial textiles, such as curtains and upholstery. Furthermore, advancements such as the utilization of cellulose nanofibrils (CNFs) and cellulose nanocrystals (CNCs) for improving biocompatibility, biodegradability and mechanical properties of cellulose fibers is strengthening the market growth. Another factor that is anticipated to fuel the market growth is the implementation of favorable government policies, which are aimed to promote the use of plant-based raw materials. Owing to these factors, the market value is projected to reach US$ 49.2 Billion by 2025, growing at a CAGR of 9% during the forecast period (2020-2025).
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been examined, with some of the key players being CFF GmbH & Co. KG, China Bambro Textile (Group) Co. Ltd., Daicel Corporation, Eastman Chemical Company, Fulida Group Holdings Co. Ltd., Grasim Industries Ltd., Kelheim Fibres GmbH, Lenzing AG, Sateri Holdings Ltd., Shandong Helon Textiles Sci. & Tech. Co. Ltd., Tangshan Sanyou Xingda Chemical Fiber Co. Ltd. and Zhejiang Fulida Holding Co., Ltd.
Market Breakup by Fiber Type:
1. Natural Cellulose Fibers
2. Man-made Cellulose Fibers
Based on the fiber type, the market has been bifurcated into natural (cotton, jute, wood and others) and man-made cellulose fibers (viscose, lyocell, modal and others).
Market Breakup by Application:
1. Apparels
2. Home Textiles
3. Industrial
4. Others
On the basis of the application, the market has been segregated into apparel, home textiles, industrial and others.
Market Breakup by Region:
1. North America
2. Asia Pacific
3. Europe
4. Latin America
5. Middle East and Africa
Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.
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