Cellulose Fiber Market Growing at CAGR of 5.45% and will Generate USD 37,284 Million Revenue by 2023

Market Highlights
Cellulose fibers are high-performing fibers that have properties such as abrasion resistance, moisture absorbency, and so on. These unique properties enable cellulose fibers to find usage in application such as textile, packaging, automotive among others.
Globally, the market for cellulose fibers has been increasing tremendously, specifically in Asia pacific, owing to rise in the populations in this region resulting to increasing in demand for apparel sector and textile sector among others. On the other hand, India is world’s second largest producer of textiles specially in cotton and cellulose fiber, abundant availability of raw materials such as cotton, jute, silk, skilled workforce have made a country sourcing hub. In-addition, According to, Government of India, ministry of agriculture has mentioned there is tremendous demand for bamboo in national and international markets. Therefore government is taking necessary steps in to fill –up the gap between supply and demand in this sector.

Global Cellulose Fiber Market will cross USD 37,284 Million by 2023, Cellulose Fiber Market is expected to grow with the CAGR 5.45% of more than from 2016 to 2023.

Key Players
The key players in market includes Lenzing AG, Grasim Industries Limited, Sateri Holdings Limited, Kelheim Fibres, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd, International paper, and Eastman Chemical Company

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Segment analysis:
Cellulose Fiber by type has been segmented into Natural & synthetic. Natural accounted for the largest market share of 54% in 2016, projected to grow at the highest CAGR of 5.60% during the forecast period. Synthetic was the second-largest market in 2016.
On the other hand, the market by application has been segmented into Apparels, Domestic textile, Industrial textile and others. Apparels market has been growing at a faster pace owing to, in developing economies due to growing population and rising disposable income which has led to increasing purchasing power of the consumers. In-addition the market for industrial textile has been increasing as it is utilized in various sectors from adhesive & sealants, tier, fire proof coatings among others. In others segment it medical textile has been included, the market for this sector is inclining has it is used in face mask, surgical gowns operation cover sheets among others.

Additionally, cellulose fiber is utilized in personal care sector as well. It is utilised in face wipes, baby wipes, baby diaper wipes among others. The use of cellulose fibre has accelerated the market to many extent. Cellulose fibre is used as a renewable raw material in fibre reinforced composite materials and it has received much attention as “green development” and is showing much promise. Natural cellulose fibre is utilised in various automotive applications namely in door panels, seat backs, trunk liners and roof frame.

Furthermore, among natural cellulose fibre, flax and hemp non-woven are growing at a rapid pace and highly utilised in compression moulded trim panels and dashboards. On the other hand, natural fibre reinforced injection moulded composite parts show less demands on the fibre processing and handling. Various companies has invented various utilisation of natural fibre in various parts of automation sector. For instance, EX 1: In 2017, BASF Corporation (Ludwigshafen, Germany), Germany-based International Automotive Components (IAC) has launched its FiberFrame natural fiber sun roof frame

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US is the largest market for consumption of cellulose fiber products accounting for a share of23% followed by China Japan and Western Europe with a share of 22%, 13% and 7%, respectively. The rest of the world accounts for 35% share in the consumption of cellulose fiber. Emerging regions such as Asia Pacific and Latin America are presumed to witness rapid growth in multiple segments of cellulose fiber. Countries such as China, India and Brazil are projected to lead their respective regional markets and are expected to witness brisk growth in the cellulose fiber market. Favorable government initiatives and policies encouraging infrastructure spending, manufacturing, medical etc. are expected to play a key role in shaping these countries. As the market for cellulose fiber consumption is increasing, many country fulfill their demand by importing these advanced textiles from United States. Major export markets for U.S.companies are Vietnam, India, Taiwan and Brazil. Korea and Taiwan are also emerging as a strong competitor to US, with their focus on innovation.

Table of Content

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Supply Chain Of Global Cellulose Fiber Market
5 Industry Overview Of Global Cellulose Fiber Market
Continue………

List of Tables
Table 1 World Population By Major Regions (2015 To 2030) (Million)
Table 2 Global Cellulose Fiber Market: By Region, 2014-2023 (USD Million)
Table 3 North America Cellulose Fiber Market: By Country, 2014-2023 (USD Million)
Table 4 Europe Cellulose Fiber Market: By Country, 2014-2023 (USD Million)
Table 5 Asia-Pacific Cellulose Fiber Market: By Country, 2014-2023 (USD Million)
Continue……….

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