Cellulose Fibers Market Size, Status, Types, Applications, Key Players and Forecast 2030

The Global Cellulose Fibers Market size is estimated to be USD 30.58 billion in 2019 and is predicted to reach USD 47.07 billion by 2030 with a CAGR of 8.3% from 2020-2030.

Cellulose fibers are the fibers made with the esters or the ethers of cellulose which is obtained from the leaves, wood, or bark of the plants, or some other plant-based material. The wood pulp undergoes through various chemical processes to produce cellulose fiber. It is considered as one of the most important raw material used in various industries. Some of the significant application of the cellulose fiber is fabrics, textile industry, in the process of chemical filtration, and fiber-reinforcement composites, due to their properties similar to engineered fibers. Rayon or viscose, cotton fiber, flax fiber, are the most commonly used cellulose fibers made from wood pulp.

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Top Companies: Lenzing AG, Kelheim Fibres GmbH, Sateri, Grasim Industries Limited, China Bambro Textile (Group) Co. Ltd, Fulida Group Holdings Co., onLtd, CFF GmbH & Co. KG, International Paper, CreaFill Fibers Corporation, and GrupoSniace and others.

Market Dynamics and Trends:

The cellulose fibers market has witnessed strong growth due to rising demand from the textile industry. The demand for environmentally friendly and bio-degradable fabrics is a key factor contributing in driving the market. Few fibers also find application in manufacturing the tire for their enhanced mechanical properties. Textile segment within the application accounted the largest market share in 2017 and anticipated to continue its dominance during the forecast period.

The textile industry is at its boom currently, and plays a significant role in every economy. Moreover, the industry contributes sustainably in a nation’s trade. The rising demand for natural as well as synthetic fibers is the major driver anticipated to boost the market growth during the forecast period. GDP development in the developing economies such as China, Brazil, India, and African countries has led to a dynamic lifestyle followed by upgraded consumerism by the manufacturers to capture cellulose fiber market. Furthermore, Environmental benefits over alternative textile fibers such as nylon or polyester will also have catalytic effect on the cellulose fiber market during in the upcoming years.

The industry is highly capital intensive and is considered by high investment in expertise and funds. Moreover, the high investment in R&D activities for developing new product or technology is the major barrier for the industry. In addition to this, fluctuation in raw material prices, and stringent environmental regulation by government regarding forestry across the globe, also act as the major challenge for the industry.

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Market Segmentations and Scope of the Study:

The cellulose fibers market share is analysed on the basis of product, application, and geography. On the basis of product, the market is segmented into natural and synthetic. According to the application, the market is classified into the textile, hygiene, and industrial. The geographical segment of the advanced ceramics market covers North America, Europe, Asia Pacific, and Rest of the World.

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