Cellulose fibers, also referred to as manufactured fibers, are produced from either wood pulp cellulose or plant stalks. These fibers exhibit versatility and possess distinct properties such as moisture absorption and hydrophobicity. Cellulose fibers are categorized into two main types: natural cellulose fibers, which encompass cotton, jute, and others, and man-made cellulose fibers, which include viscose, lyocell, modal, and similar materials.
Global Cellulose Fiber Market Driving Factors and Challenges
The growing need for eco-friendly, adaptable, biodegradable, and reasonably priced fibres around the world is expected to propel the expansion of the global cellulose fibre market. The cellulose esters used to make these fibres are obtained from a variety of natural sources, including wood, bark, leaves, and other plant-based materials. Growing global demand for environmentally friendly, versatile, biodegradable, and cost-effective fibers is fueling the substantial growth of the cellulose fiber market. These fibers are derived from cellulose esters obtained from diverse natural sources like wood, bark, leaves, and other plant-based materials. The textile industry, a prominent force in the global economy, is a key driver of the demand for both natural and synthetic fibers. Wood-based cellulose fibers exhibit exceptional properties such as moisture management, absorbency, purity, and uniform quality achieved through their production process. These desirable attributes make them highly applicable in various industries, particularly textiles and the hygiene sector, offering comparable advantages to engineered fibers. With the increasing preference for sustainable and eco-friendly materials, the cellulose fiber market presents significant growth opportunities.
However, the cellulose fiber industry is capital-intensive, requiring substantial investments in expertise and funds. The high costs associated with research and development activities to develop new technologies or products pose a major barrier for the industry. Additionally, challenges such as fluctuating raw material prices, declining cotton production, and stringent environmental regulations imposed by governments globally regarding forestry practices, also present significant challenges for the industry. Despite these challenges, the growing demand for sustainable and eco-friendly fibers presents immense opportunities for the cellulose fiber market. Continued research and development efforts, along with strategic investments and sustainable sourcing practices, are necessary to overcome these barriers and tap into the full potential of the market.
Impact of COVID-19 on Global Cellulose Fiber Market
The COVID-19 epidemic had a mixed effect on the global cellulose fibre market. Initial stages of the market saw reduced demand, supply chain disruptions, and temporary closures of production facilities. The demand for cellulose fibres was impacted by the downturn in sectors like textiles, garments, and automobiles. However, as the epidemic spread, a greater emphasis was placed on sustainability and environmentally friendly materials, which opened up potential for cellulose fibres. The market was also aided by the increased demand for textiles used in medicine and hygiene products. Overall, despite the difficulties brought on by the pandemic, the cellulose fibre business still has a bright future because of rising environmental concerns and shifting customer tastes.
Cellulose Fiber Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Daicel Corporation, Eastman Chemical Company, Fulida Group Holding Co., Ltd, Grasim Industries Ltd. (Aditya Birla Group), International Paper Company, Kelheim Fibres GmbH, Lenzing AG, Sappi Limited, Sateri, Tangshan Sanyou Group Xingda Chemical Fibre Co.Ltd, Others.
Global Cellulose Fiber Market Segmentation:
By Fiber Type: Based on the Fiber Type, Global Cellulose Fiber Market is segmented as; Manufactured Cellulose Fibers, Natural Cellulose Fibers (Cotton, Jute, Others), Semi Synthetic Cellulose Fibers (Modal, Viscose), Synthetic Cellulose Fibers (Nylon, Polyester).
By Application: Based on the Application, Global Cellulose Fiber Market is segmented as; Apparel, Home Textile, Industrial, Others.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.