Cellulose Fiber Market 2019 Size, Share, Growth, Upcoming Trend, Analysis Report 2023

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Cellulose Fiber Market Overview:

The global cellulose fiber market is projected to grow significantly on account of increasing demand from major end uses such as textile, apparel, and sports. Additionally, growing use of cellulose fiber on the backdrop of growing environmental concerns regarding pollution caused by synthetic fiber and textile industry. Increasing awareness about the benefits of natural fiber on the human health as well as on the environment, rising standard of living, growing population are some of the prominent factors driving growth of the market. Additionally, cellulose fiber industry growth typically follows the growth of these key end markets.

Geographically, the demand for natural cellulose fiber is increasing day by day, especially from developing economies such as china, Malaysia, South Korea, and India. India is the world’s second largest producer of textiles especially in cotton and cellulose fiber. This is primarily attributed to abundant availability of raw materials such as cotton, jute, silk, and skilled workforce.

Competitive Dashboard and Major Market Players:

The global cellulose fiber is a mature market with considerable number of tier 1 players operating into the market. The market is primarily driven by flourishing apparel, textile and sports equipment industry. The market is greatly concentrated by the presence of number large players yet, Lenzing AG, Sateri Holdings Limited, Kelheim Fibres, International paper are the key manufacturers in this market. Almost all of these market participants are majorly adopting the expansion and product launch tactics to strengthen their market position. Growing demand from textile industries, and continuous rising demand for sports goods and equipment, along with the collaborations and agreements between manufacturers, distributers, and marketing firms are key market forces operating in the market for the growth of the demand for cellulose fiber. Considering these trends, the global cellulose fiber market is likely to witness considerable competition over the forecast period of 2017-2023.

Major Market 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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Report Outcomes:

  • The Global cellulose fiber market is expected to reach USD 37,284 Million by 2023
  • Regionally, Asia-pacific has the largest market of USD 13,553 Million by 2023
  • In Asia- pacific, China accounted for the largest market share of 45 % in 2015, with a market value of USD 4,250 million and is projected to grow at the highest CAGR of 5.98% during the forecast period. Japan was the second-largest market in 2015, valued at USD 1,785 million in 2015; it is projected to grow at a CAGR of 5.15%.
  • Apparels market accounted for the largest market share registering CAGR of 5.73% during the forecasted period   
  • On basis of type segment, Natural  holds the market share of 54% in 2016

Latest Industry/ Innovation/ Related News Updates:

December 2, 2016- International Paper (IP) one of the world's largest private owners of timberlands and Weyerhaeuser one of the world's leading producers of fiber-based packaging, pulp and paper, entered into a purchase and sale agreement of USD 2.2 billion. Under the terms of an agreement, IP will acquire and merge the Weyerhaeuser's Cellulose Fibers division with its own pulp business. This development is most likely to meet growing demand from numerous consumer applications including diapers and other hygiene products, tissue and textiles, among others.

August 24, 2017- Kelheim Fibres, one of the leading producer of viscose specialty fibers, based in Germany has launched viscose specialty short cut fiber Viloft® and cellulose.  Both of the raw materials are plant-based and therefore completely bio-degradable. In contrast to conventional polymer containing wipes, the wipes made of Viloft cannot discharge plastic particles into the oceans nor the blockage of private or municipal sewage systems.

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January 30, 2017- The U.S. based specialty chemical company Eastman Chemical, has launched a new brand of cellulose acetate filament fiber dubbed as "Naia". This fiber is primarily manufactured for women’s intimate apparel. The fiber is the fiber is made with wood pulp derived exclusively from sustainably managed and certified forests, which eliminates the possibility of infection.

April 19, 2017- China based viscose rayon, a natural fiber made with 100% dissolving wood pulp, manufacturer entered into an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand the viscose staple fiber capacity in China by 1 million tons per annum. The investment worth around USD 1.75 billion. This will help Sateri to meet growing national demand for the cellulose fiber.

Intended Audience 

  • Manufacturers and distributors of Cellulose Fiber.
  • Suppliers and traders of Cellulose Fiber.
  • Government, associations and industrial bodies.
  • Investors and Trade experts.
  • Consulting in chemical experts.

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