Surging Demand for Eco-friendly Textiles to Propel Global Cellulose Fibers Market
High demand for biodegradable, environment-friendly, versatile, and cost-effective materials from end-use industries is a key factor that stimulates demand from the global cellulose fibers market. The production of man-made fibers involves the industrial processing of wood pulp derived from botanical sources. The manufacturing of cellulose fibers entails chemical and mechanical processing of wood pulp. Acetate, viscose, and triacetate are the different variants of rayon, a man-made cellulose fiber, which are used extensively across several industry verticals.
With rising global concerns pertaining to carbon emissions, excessive oil dependence, and fuel sustainability, the demand for cellulose fibers is anticipated to surge substantially. Industry trends indicate that the global market for textiles will focus greatly on biodegradable, eco-friendly, and skin-friendly fabrics. This is a key factor that will propel the global cellulose fibers market in the years to come.
Acetate Fiber: Most Widely Used Cellulose Fiber
The global cellulose fibers market is segmented on the basis of applications and geography. On the basis of application, the cellulose fibers market is segmented into clothing, spun yarn, fabrics, and others including tapes, sealants, and adhesives. The other end-use industries for this market are carpet production and the paper industry. With demand exceeding 50% of the total, clothing is the largest end-use segment of the global cellulose fibers market. This segment is anticipated to expand rapidly in the forthcoming years. Also, the segment for spun yarn is anticipated to expand at a 7.3% CAGR between 2012 and 2018. Viscose, corn fibers, tencel, lyocell, modal, and rayon are the different forms in which cellulose fibers are applied in industries.
Being a fast-drying material, acetate fiber is mostly applied in the manufacturing of fabrics, apparel, clothes, and cigarette filters. The apparel industry uses rayon, since it is a highly absorbent material. Rayon and its variants are also used for producing home furnishings such as carpets and curtains.
Asia Pacific: Regional Leader in the Global Cellulose Fibers Market
Geographically, the global cellulose fibers market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific dominated the global cellulose fibers market in 2011 with a market share of 45.3%. It is anticipated that the Asia Pacific cellulose fibers market will grow rapidly from 2012 to 2018, at an 8.1% CAGR.
The expanding textile markets in India and China drive the Asia Pacific cellulose fibers market. Europe and North America are mature markets for cellulose fibers and will therefore grow at a comparatively slower rate than the Asia Pacific market. Apart from the growing textiles industry, factors such as eco-friendly qualities of man-made cellulose fibers and abundant availability of raw materials are the other factors that drive the global cellulose fibers market.
What Restricts the Growth of the Cellulose Fibers Market?
The production of premium quality fibers and greater use of cellulose fibers in place of cotton will present several market growth opportunities in the forthcoming years. Forestry policies and volatile wood pulp prices are factors that will hinder the growth of the cellulose fibers market. More stringent regulatory standards owing to heightened environmental concerns also have an adverse impact on the production cost of cellulose fibers, restricting market growth.
High industrial consumption of cellulose fibers in place of petrochemical fibers is a key factor fuelling the overall market for cellulose fibers. Fluctuating prices of wood pulp being a major problem in this market, there is a shift of focus towards producing cellulose fibers from renewable sources.
Thai Rayon, Daicel Corporation, Grasim Industries Limited, PT. Indo-Bharat Rayon, Aoyang, Shandong Helon Textile Sci. & Tech. Co., Ltd., KelheimFibres, Fulida, TangShanSanyou, Lenzing AG, and Sateri are a few prominent companies operating in the global cellulose fibers market.
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