Press release
Cellulose Market - Detailed Analysis of Current Industry Figures with Forecasts Growth By 2026 | Bracell, Daicel Corporation, Eastman Chemical Company
According to a report published by Global Market Insights, Inc., the global cellulose market was accounted at $211.68 billion in 2019 and is estimated to surpass $235 billion by 2026, registering a CAGR of 2.9%.Growing requirement for paper-based products like paper packaging and bags will amplify the manufacturing of cellulose. Being green and sustainable, cellulose-based paper products are steadily gaining acceptance across diverse industries owing to its recyclability, functionality, and biodegradability.
Based on its manufacturing process, the viscose manufacturing segment is expected to observe over 3% CAGR by 2026. This growth is attributed to superior productivity and lower production cost of the process. This manufacturing process is extensively used for making products for the textile and paper industries. The process is highly adopted due to the ability of forming compact structure and easy availability of material along modest price compared to others.
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Few notable players operating in the market are Bracell, Daicel Corporation, Eastman Chemical Company, Dupont De Nemours, Inc., NEC Corporation, MACHEREY-NAGEL GmbH & Co. KG, Celanese Corporation, ENKA GmbH & Co.KG, LENZING AG, Kelheim Fibres GmbH, and Roquette Frères, among many others.
Manufacturers and suppliers of cellulose market are constantly focusing on taking strategic initiatives like investing in increasing production capacity and their presence in the local markets. For instance, Shin-Etsu Chemical company finished the construction of a new cellulose plant called Shin-Estu Chemicals Naoetsu in 2019, in Japan.
Along with this, many manufacturers have established a highly administered form of nanomaterials cellulose, which are more strong, durable, and lighter manufactured material for clothing. This has assisted manufacturers to invest in technology related to natural materials for manufacturing clothing textiles.
Key Point Of TOC:
Chapter 10 Company Profiles
10.1 Eastman Chemical Company
10.1.1 Business Overview
10.1.2 Financial Data
10.1.3 Product Landscape
10.1.4 Strategic Outlook
10.1.5 SWOT Analysis
10.2 Dupont De Nemours, Inc
10.2.1 Business Overview
10.2.2 Financial Data
10.2.3 Product Landscape
10.2.4 Strategic Outlook
10.2.5 SWOT Analysis
10.3 Roquette Frères (Crest Cellulose)
10.3.1 Business Overview
10.3.2 Financial Data
10.3.3 Product Landscape
10.3.4 Strategic Outlook
10.3.5 SWOT Analysis
10.4 Daicel Corporation
10.4.1 Business Overview
10.4.2 Financial Data
10.4.3 Product Landscape
10.4.4 Strategic Outlook
10.4.5 SWOT Analysis
10.5 MACHEREY-NAGEL GmbH & Co. KG
10.5.1 Business Overview
10.5.2 Financial Data
10.5.3 Product Landscape
Continue…
Speaking of the current pandemic, many cellulose market manufacturers are concentrating on the regionalization of raw materials as it is not viable to be dependent on a single supplier for materials as it can impact supply needs of the company.
Based on region, Latin America is expected to garner around 2% CAGR in cellulose market share globally by 2027. The market in Brazil is estimated to hold an optimistic outlook from the packaging and textile industry. As per the ABRE (Brazilian Packaging Association), Brazil has sold nearly USD 19.46 billion of packaging, in 2016, which is 6.6% more compared to 2015. Increasing government support to the paper industry, will positively impact market growth.
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Meanwhile, construction of new cellulose market plants may favor the regional textile industry. In 2019, the Lenzing Group and Duratex formed a joint venture to construct a dissolving wood pulp plant in Brazil with an aim to support Lenzing’s production of bio-based fibers. The plant is expected to commence operation in the first half of 2022 and will produce dissolving wood pulp which is used as a key raw material in the manufacture of wood-based cellulosic fiber, that is utilized in the textile sector.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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