Cellulose Fiber Market by Application, Product Growth over 2016-2024

Escalating demand for textiles and apparels attributed to rising disposable incomes and changing consumer lifestyles will soar Cellulose Fiber Market size. Global apparel sector, which was estimated at over USD 1 trillion in 2015, is projected to grow significantly over the next few years, which will augment the growth of cellulose fiber market. This product possesses highly beneficial features such as light weight, bio-degradability, and skin-friendliness. In addition, it is quite cost-effective, which will leverage the business expansion.

Subject to the fact that this product is biodegradable, strict legislations inhibiting the use of volatile organic compounds will generate bright business growth prospects for cellulose fiber industry over the years ahead. According to Global Market Insights, Inc., “Cellulose fiber industry revenue is slated to surpass USD 39 billion by 2024, growing at an annual rate of 9% over 2016-2024.”

Global Market Insights has a new study based report titled " 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".

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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

An increase in the GDP of countries such as Brazil, China, and India leading to shift in the consumer lifestyles has attracted many manufacturers & new entrants to make heavy capital investments in the business, thereby spurring cellulose fiber market expansion. Rise in the production capacity of dissolved pulp along with a surge in the number of pulp producers offering competitive pricing is expected to augment the production of cellulose fibers. In 2015, the global production of dissolving pulp was over 7 million tons, and China accounted for nearly 20% of the share. The environment friendly nature of cellulose fibers as compared to other fibers such as nylon and polyester will further catalyze cellulose fiber industry demand.

Cellulose fibers find extensive applications in the spun yarn, fabrics, filtration process, and clothing. Cellulose fiber industry size in the clothing sector, which was estimated at USD 10.5 billion in 2015, is expected to grow at an annual rate of 9.5% during the period from 2016 to 2024. Increasing awareness regarding fashion trends coupled with the rise in the per capita income is forecast to boost the revenue. The thriving clothing and apparel sector will also contribute significantly toward cellulose fiber market growth.

Spurn yarn applications, which contributed over 13% of cellulose fiber market share in 2015, are expected to make notable contributions to the industry size in the future. The growth can be attributed to the extensive use of these yarns in knitting and embroidery. Furthermore, they are more preferred in tire cords and high performance tires, owing to their unique features as compared to polyester fibers.

Taking into consideration the regional trends, Asia Pacific cellulose fiber industry, which had collected a revenue of USD 7 billion in 2015, is projected to record a CAGR of 9.5% over the period of 2016-2024. The large presence of textile industries in Asia Pacific is forecast to boost the expansion. High production of cotton and jute in countries such as India and China will positively leverage the business development.

The Cellulose Fiber Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Polyisobutylene (PIB) Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights

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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Cellulose Fiber Market Product Insights

5. Cellulose Fiber Market Application Insights

Cellulose fiber market applications include clothing, spun yarn, and fabrics. Rising fashion awareness and higher disposable income will enhance the global clothing and apparel industry in the forecast period. Increasing substitution of nylon and polyester fibers due to lower cost, lighter weight and recyclability will boost the global cellulose fiber market demand in clothing and apparels.

Clothing accounted for more than 60% of the global cellulose fiber market share, recording a revenue over USD 10.5 billion in 2015. It is also anticipated to be the fastest growing segment with CAGR above 9.5% up to 2024 on the account of growing clothing and apparel demand.

6. Cellulose Fiber Market Regional Insights

Asia Pacific accounted for a significant chunk of the global cellulose fiber market share, close to 40%, recording a revenue over USD 7 billion in 2015. Presence of numerous textile and apparel industries in China, India, and South East Asian countries is anticipated to boost the overall product demand. Strong production trend of raw materials such as cotton, jute and bamboo in China and India will also have a positive effect on the global cellulose fiber market. It is also projected to be the fastest growing region with CAGR beyond 9.5%.

Middle East and Africa (MEA) is expected to have high growth because of shifting of textile industries in several African countries. Cost efficient labor force along with abundant resources in the area will boost cellulose fiber demand in the forecast period. MEA cellulose fiber market is likely to grow from over USD 1.5 billion in 2015 to close to USD 3.5 billion in 2024 by CAGR over 9.0%.

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7. Competitor Profiles

The top manufacturing companies are Lenzing SA, Grasim Industries, Fulida, Tangshan Sanyou, Aoyang, and Shandong Helon. Key industry participants also include Sateri, Thai Rayon, Daicel Corporation, Kelheim Fibres GmbH, Indo-Bharat Rayon, and several others.

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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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