Asia pacific to drive global cellulose fiber market over 2016-2024

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Cellulose Fiber Market size, Industry Analysis,
2024 Fractovia.org
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Overview

• Cellulose fiber market is poised to witness
  interesting developments as the industry is
  consolidated with top six players sharing more
  than 50 of the overall industry share.
• Major shift in the fashion trends, growing demand
  for improved textile quality, and elevated
  consumerism is pushing the cellulose fiber
  industry. Artificially extracted cellulose fibers
  are widely used in apparel and textile industry.
• As per a report by Global Market Insights, Inc.,
  cellulose fiber market collected a revenue of USD
  17.5 billion in 2015 and is forecast to grow at a
  CAGR of 9 over the period 2016-2024.

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Product Trends

• The abundance of raw materials, environmental
  benefits of cellulose fibers, and cost
  effectiveness are some of the attributing factors
  toward the expansion of global cellulose market
  over other alternatives such as polyester, nylon,
  etc. Cellulose fiber is mainly extracted from
  rich plants such as cotton, bamboo, jute, hemp by
  dissolving pulp. Asia Pacific, led by India and
  China, being the production hub of these plants
  will reinforce the market demand. For instance,
  world cotton production exceeded 20 million tons
  in 2015 with China and India having contributed
  over 10 million tons.
• Clothing, spun yarns, fabrics are some of the
  principal application sectors of cellulose fiber
  industry. Clothing applications owing to its
  extensive use of cellulose fiber accounted for
  60 of the total volume with a revenue record
  over USD 10.5 billion in 2015. It is forecast to
  be the fastest spreading segment with a CAGR of
  9.5 over the period 2013-2024.
• Spun yarn is another prominent application having
  accounted for a revenue of USD 2 billion in 2015
  and is projected to show substantial growth owing
  to its growing demand in embroidery and weaving
  applications.

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Competitive Trends

• Cellulose fiber market is poised to witness
  interesting developments as the industry is
  consolidated with top six players sharing more
  than 50 of the overall industry share.
• The top six Cellulose fiber market players
  include Grasim Industries, Lenzing SA, Tangshan
  Sanyou, Shandong Helon Polytex Chemical Fiber
  Co., Ltd., Aoyang and Fulida.

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Regional Trends

• Asia Pacific, mainly driven by India and China,
  held a sway over other regions with a revenue
  worth over USD 7 billion in 2015. China and India
  are predicted to have a defining impact on APAC
  cellulose fiber industry, driven by the large
  apparel textile industry base across these
  regions.
• Establishment of textile companies in several
  African countries is expected to leave a positive
  impact on the MEA cellulose fiber market and is
  projected to reach USD over 3.5 billion at an
  annual growth rate of 9 over the peri0d
  2013-2024.

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