Asia Pacific Cellulose Fiber Market to grow at 9.5% CAGR up to 2024
Middle East and Africa cellulose fiber market worth USD 1.5 billion in 2015, is projected to reach USD 3.5 billion by 2024, owing to cost effective workforce and resourceful areas in several countries. The growing manufacturing base of the textile industries in the African region will further propel the industry growth. The MEA cellulose fiber market is expected to register a CAGR of 9% over the period of 2016-2024.
Request sample pages of "Cellulose Fiber Market Size By Application (Spun Yarn, Clothing, Fabrics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" report please click on the link below:
Cellulose fiber market is poised to witness interesting developments as the industry is consolidated with top six players sharing more than 50% of the overall industry share. The top market players include Lenzing SA, Grasim Industries, Shandong Helon Polytex Chemical Fiber Co., Ltd., Fulida, Aoyang, and Tangshan Sanyou.
Advanced consumerism, rising fashion awareness and increasing disposable income of the consumers is promoting the Cellulose Fiber Market growth. Global textile and apparel market recorded over USD 1 trillion in 2015 and is anticipated to boom with the increasing GDPs of the emerging regions such as India, China, Brazil, and Africa. Presence of numerous manufactures providing competitive prices in these demanding regions will further accelerate the growth of the cellulose fiber industry. According to Global Market Insights, Inc. “Cellulose Fiber Market is estimated to witness a CAGR of 9% over the period of 2016-2023.”
Cellulose fiber is processed from dissolving pulp of cellulose rich plants such as bamboo, cotton, jute, flax, hemp, etc. Biodegradable and eco-friendly nature of these fibers, unlike the petrochemical based products are boosting the penetration of cellulose fiber over the globe. Moreover, stringent government norms regarding the emission of Volatile Organic Compounds (VOCs) will also complement the growth of cellulose fiber industry share in the coming seven years.
Make an inquiry to purchase this report@
Clothing application is anticipated to be the fastest growing segment.
The application landscape of the global cellulose fiber market is segmented into three main categories including fabrics, clothing, and spun yarn. Artificially manufactured fibers find extensive use in the apparel and textile manufacturing. The global clothing and apparel industry is projected to witness significant growth, owing to changing fashion trends and increasing consumer spending capacities. Moreover, low cost replacements of polyester and nylon fibers with abilities such as light weight and recyclability will fuel the cellulose fiber industry demand in clothing and apparel applications. Clothing application will hold the leading position over the global cellulose fiber industry share registering a CAGR of 9.5% over the period of 2016-2024.
Furthermore, the spun yarn application generated revenue worth USD 2 billion, accounted for 13% of the overall cellulose fiber industry in 2015. The spun yard is widely used in the knitting and embroidery application and will support the product market growth in the Asia Pacific region. The regional market is estimated to record a CAGR over 9.5% from 2016-2024.
Source Report@ https://www.gminsights.com/industry-analysis/cellulose-fiber-market
About Global Market Insights, Inc.:
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia Pacific Cellulose Fiber Market to grow at 9.5% CAGR up to 2024 here
News-ID: 662645 • Views: 257
More Releases from Global Market Insights Inc.
Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small