According to the latest market study released by Technavio, the global cellulose fiber market is expected to grow at a CAGR of almost 10% through 2021.
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Technavio has published a new report on the global cellulose fiber market from 2017-2021. (Graphic: Business Wire)
This research report titled 'Global Cellulose Fiber Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
In 2016, APAC dominated the market and accounted for a share of almost 38%. China, India, Bangladesh, and Pakistan are the top markets of cellulose fibers in the world, having the highest production of cotton crops and a large consumer base. Cellulose fibers are used in various applications, such as apparel, home textile, industrial, hygiene, and others.
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Technavio's analysts categorize the global cellulose fiber market into four major segments by application. They are:
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The top three segments based on application for the global cellulose fiber market are discussed below:
Global cellulose fiber market by apparel segment
Cotton is the major raw material for the textile industry. The demand for cotton from many textile industries is driving the cotton market. Cotton is majorly used in applications, such as industrial, home textile, and apparel.
According to Shakeel Iqbal, a lead textile, fiber, and composites research analyst from Technavio, "In the apparel segment, cellulose fiber is used in clothing, such as rayon and fabrics. Rising fashion awareness and higher disposable incomes are expected to drive the global clothing and apparel industry for the next coming years. Cellulose fiber is replacing and capturing the market of nylon and polyester fiber because of advantages, such as low cost, lightweight, eco-friendly, and recyclability."
Global cellulose fiber market by industrial segment
The industrial segment in the global cellulose fiber market is growing because of the rise in the demand from end-users. Cellulose fiber is popularly used as a fiber-reinforcement material in combination with polymers, such as epoxy-bamboo, epoxy-jute, natural rubber-sisal, phenolic resin-jute, polystyrene-wood, polyurethane-wood, and styrene butadiene-jute.
"High-quality cellulosic fibers are prepared from corn husks for industrial applications. Using corn husks in conjunction with polyesters, polyurethanes, and polyethylene will help conserve non-renewable petroleum sources required to produce synthetic fibers for industrial applications," says Shakeel
Global cellulose fiber market by hygiene segment
Cellulose fiber is used as a different layer of non-woven fiber to improve the fluid storage capacity of materials. For instance, cellulose fiber is used to manufacture diapers, which helps in the uniform distribution of urine. Cellulose fiber is used to manufacture napkins and cotton used in hospitals.
It is used as a sterilizing agent. The purpose of using natural cellulose fiber that is environment-friendly and biodegradable in nature in the hygiene segment is the major driving factor for the cellulose fiber industry. The increase in the demand for cellulose fiber can be attributed to the growing preference for natural products.
The top vendors highlighted by Technavio's research analysts in this report are:
- Fulida Group Holding
- Aditya Birla Management
- Jiangsu Aoyang Technology
- TangShan SanYou Chemical Industries
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