Cellulose Market Booming on the Back of Textile Industry

Posted by Shazia Khan on May 30th, 2019

Novel regenerated cellulose fibres are developing as green fibres which are eco-friendly to manufacture along with improved functionalities and enhanced energy efficiency.  According to IndustryARC findings, the global cellulose market was valued at 5 million in 2018. The demand is also projected to grow at a compound annual growth rate (CAGR) of 5% during the forecast period of 2019 to 2025.

The report is titled: “Cellulose Market: By Type (Natural and Synthetic); By End-User Industry (Aerospace and Defense, Automotive, Paper and Pulp, Construction, Electrical/Insulation, Textile, Fireproofing, and others); By Geography - Forecast (2019 - 2025).” It provides a detailed analysis of market drivers, market trends, market opportunities, and strategic analysis of the global cellulose market.

Cellulose Market: Leading Segments

China is the largest importer of cellulose and its chemical derivatives in primary forms, and the imported value was 2,315 [1] thousand as of 2018. India experienced a 24% annual growth in import value during the period 2017 to 2018. Thus, increasing demand from Asian countries such as China, India, Korea, and Russia for cellulose has boosted the growth of APAC cellulose market. Owing to this demand influx, APAC was held as the leading region with a dominating regional share of 56% in the year 2018.

Cellulose is a polysaccharide, which is the most abundantly available organic compound on earth. It is an inexpensive, robust, and chemically versatile compound, which is broadly used in the production of materials, chemicals, and other goods. The textile industry is one of the largest industries across the globe. New ventures coupled with commercialization projects have been instilling the rapid growth in cellulosic textile innovations. Textile is noted as the fastest growing application among aerospace & defense, automotive, paper & pulp, construction, electrical/insulation, and fireproofing applications, and the textile application segment in the cellulose market is poised to grow with a CAGR of 6% during the above mentioned forecast period. Physical, biocompatible, and mechanical properties of cellulose are driving the growth of its application in the textile industry.

Cellulose Market: Disruptive Trends

• ·Cost-effective man-made cellulose fibres are emerging and replacing the viscose and lyocell textile. Innovative projects are running towards clean and cheap cellulose fibres as they scale up the profits.
• Evolution of cellulose fabrics is the most promising alternatives for the oil-based fibers and and cotton fibers. As they decrease the increasing environmental degradation across the world.
• Cellulose is majorly used to generate paper products such as cotton, rayon, and Lenin for clothes. Additionally, it is used to produce cellulose acetate for films and nitrocellulose for explosives.
• Bio-based materials which are obtained from cellulose are being transformed from micro cellulose fibre to nano-cellulose with greater developments. These are proven to be highly advantageous, and so the vendors in the cellulose market are striving to capitalize on this potential arcade.
• Beneficial cellulose nanofiber is widely used as a renewable and sustainable feedstock for bio-based high-performance materials. It is due to its low density, economic value, biodegradability, mechanical properties, and renewability.

Cellulose Market: Competitive Landscape

Sappi Group, Lenzing AG, RGE Group, Rayonier, Tembec Inc., CLP Group, Eastman Chemcial Company, Celanese Corporation, Solvay, FMC Corporation, Sigachi Industrial Pvt. Ltd., Sichem LLC, Ashland Inc., and Akzo Nobel N.V. are the major companies which are holding maximum market share of the global cellulose market.

Related Reports:

A. Nanocellulose Market

https://industryarc.com/Report/11681/nanocellulose-market-analysis.html

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