Cellulose Fiber Market Surge Towards Solid Growth by 2024

Global Cellulose Fiber Market: Overview

Cellulose fibers are made up of esters or ether of the cellulose. These are generally obtained from leaves of plants or wood or the bark or other plant-based material. These fibers are a compound of lignin and hemicelluloses. Some fibers consist of varying percentages of these compounds that are responsible for different mechanical properties. The main application of the cellulose fibers is clothing in the textile industry. However, it is also used in different applications such as fiber reinforcement composite, chemical filter, biocomposites and polymer composites. Some of the key applications of the cellulose fibers are fabrics, clothing, and spun yarn.

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Global Cellulose Fiber Market: Growth Factors

Increasing demand for cellulose fibers mainly from textile industry may foster the global cellulose fiber market growth in future. In addition, owing to its properties such as skin-friendly, biodegradable, and environment-friendly in nature, the growth in the market is expected to boost in the coming years. Increasing the disposable income of the middle-class people drives the global cellulose fiber market. Moreover, significant consumption from the textile industries may influence the global market. Wood pulp is the key raw material used in the production of cellulose fibers, which is another major influential driver of the global market. However, the proliferation of new players entering the global cellulose fiber market may enhance the global cellulose fiber market in a positive way. Conversely, increasing government initiatives for the protection of existing forests may hinder the global growth to some extent.

Global Cellulose Fiber Market: Segmentation

The global cellulose fiber market is divided based on applications such as industrial, textile, hygiene, and others. Based on product type the global market is classified as synthetic, and natural. Furthermore, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa give the geographical segmentation.

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Global Cellulose Fiber Market: Regional Analysis

Asia-Pacific accounted for the largest market share in the global cellulose fibers market. Escalating demand for apparel application in this region drives the global market. Asia Pacific is highly fragmented into niche markets such as Japan, China, and India. This trend is followed by Europe owing to increasing purchasing power of customers further influencing the global market. North America also emerges as a major manufacturing base for cellulose fiber market; this is anticipated to propel the global market growth. Key players are focusing on bringing the new high-quality product in the market through collaboration, merger, and acquisition, or partnership, which is expected to enhance the global cellulose fiber market in this region.

Global Cellulose Fiber Market: Competitive Players

Major players operating in the global cellulose fiber market are Kelheim Fibers, Lenzing AG, Daicel, Thai Rayon, and Indo-Bharat Rayon. Other players include Grasim Industries Ltd., Aoyang, Helon, Fulida, Tangshan, and Sateri.

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Global Cellulose Fiber Market: Regional Segment Analysis

North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East & Africa

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