Regenerated Cellulose Market Growth Statistics 2022-28

According to Precision Business Insights (PBI), latest report, the global regenerated cellulose market size was valued at USD 18.4 billion in 2021, growing at a CAGR of 9.1% from 2022-2028. The primary drivers for expanding the global regenerated cellulose market are increasing consumer awareness in utilizing biodegradable products, growing demand for the cellulose products in the textile and automotive industries.

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Wood Pulp Segment to Dominate the Regenerated Cellulose Market:
Based on the source, the global regenerated cellulose market is segmented into wood pulp, non-wood pulp and recycled pulp. The wood pulp segment is expected to account for a larger revenue share in the global regenerated cellulose market, with a value share worldwide. The wood pulp segment in regenerated cellulose market has various applications which are used in preparing tire cords, farming ropes and others. Also, the textile and automotive sector are fuelling the demand for wood pulp segment in global market.

Asia Pacific Regenerated Cellulose Market
Asia Pacific is expected to increase in the global regenerated cellulose market over the forecast period. It is projected to grow at a significant CAGR in the coming years. Asia Pacific is expanding in the global regenerated cellulose market because of the increasing demand for its products in the textile and automotive sectors. North America held considerable market share during the estimated period owing to the increasing usage of regenerated cellulose products due to environmental safety.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global regenerated cellulose market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2022, Grasim Industries Limited signed an agreement with Renewcell to supply high-quality Liva Reviva textile fiber.

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The regenerated cellulose market is segmented based on type, source, process, end user and geography.
Based on the Type:
• Fibres
• Films

Based on the Source:
• Wood pulp
• Non wood pulp
• Recycled pulp

Based on the Process:
• Viscose
• Acetate
• Cuprammonium

Based on the End User:
• Civil & Commercial
• Defense

Based on geography:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the regenerated cellulose market report are Eastman Chemical Company, Fulida Group, Lenzing AG, Trevira GmbH, Sateri, Natureworks LLC , Meredian Inc, Metabolix Inc, Biologic Materials Co. Ltd, Mitsubishi Chemical Corp, Asahi-Kasei,Fortress Global.

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This release was published on openPR.