Global Cellulose Fibers Market to Reach US$24.1 bn by 2018 as Demand for Skin-friendly Fabrics Increases : Transparency Market Research
Cellulose Fibers Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 – 2018
A new research report published by Transparency Market Research suggests that the global cellulose fibers market is expected to grow at a CAGR of 9.80% from 2012 to 2018. In the recent market research report, titled “Cellulose Fibers Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 - 2018”, industry experts have brought in a fresh perspective on the dynamics governing this market.
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According to the market research report, the global cellulose fibers market was valued at US$12.6 bn in 2011 and is expected to reach US$24.1 bn by 2018. This stupendous growth will largely be attributable to changing lifestyles that are demanding environmentally-friendly fabrics.The increasing demand from the textile industry for biodegradable and skin- and environment-friendly fabrics is the primary driving force for the global cellulose fibers market. In addition to this, demand from end-use industries that are trying to replace petrochemical fibers with cellulose fibers is also pushing the global cellulose fibers market towards success.
Despite the powerful market drivers, the global cellulose fibers market is being restrained by fluctuating wood pulp prices. Wood pulp is an important raw material for manufacturing cellulose fiber. This market is also being held back by tough regulatory issues related to environmental concerns. However, as the concept of manufacturing cellulose fibers by using renewable sources materializes, it will create a new opportunity for this market.
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The global cellulose fibers market has been segmented on the basis of application and geography. The applications of cellulose fibers are seen in spun yarn, fabrics, clothing, and others such as sealants, tapes, and adhesives. Geographically, this market is divided into Europe, North America, Asia Pacific, and Rest of the World.
The biggest consumer of cellulose fibers is the clothing industry, which held a share of 60% in 2011. Analysts predict this will also be the fastest growing segment in the forecast period, as regenerated forms of cellulose fibers such as tencel, rayon, lyocell, modal, corn fibers, viscose, and many others forms are extensively used in the clothing industry. This segment is estimated to grow at a CAGR of 7.60% from 2012 to 2018. In terms of volume, the demand for cellulose fibers used in making spun yarn is calculated to reach a whopping 953.1 kilo tons by 2018, pacing ahead at a steady CAGR of 7.30% from 2012 to 2018.
Some of the important companies studied in the market research report about the global cellulose fibers market are Aoyang, Fulida, Helon, Indo Bharat, Sateri, Lenzing, Tangshan, Grasim Industries, and Thai Rayon. The report offers an understanding of the competitive landscape and statistics related to the financial outlook, research and development plans, investment plans, and product portfolio of these companies.
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The global cellulose fibers market has been segmented as below:
Cellulose Fibers Market: Applications Segment Analysis
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