Regenerated fiber is produced by dissolving the plant fiber cellulose in chemicals and retransforming it into fiber by using the viscose method. It is also known as regenerated cellulose fiber, as it comprises cellulose such as hemp and cotton.
Regenerated Fibers Market: Drivers and Restraints
Regenerated fiber is mostly used in the automotive industry for designing automobile interiors. The automotive industry, especially in North America and Europe, continues to expand. The industry has proven to show strength in spite of challenging economic factors. This factor is anticipated to drive the regenerated fibers market during the forecast period. Regenerated fibers, however, face tough competition from synthetic fibers. Synthetic fibers are available abundantly and at a relatively low cost.
Regenerated Fibers Market: Segmentation, by Type
The regenerated fibers market can be segmented in terms of type as:
Rayon is made from polymers occurring naturally and hence, it is not considered a synthetic fiber but a man-made, regenerated cellulose fiber. Rayon is a manufactured fiber, in which cellulose acetate is the fiber-forming substance. Acetate is a derivative of cellulose and it is manufactured by reacting purified cellulose obtained from wood pulp with acetic anhydride and acetic acid in the presence of sulfuric acid. Rayon is also called artificial silk due to its shiny appearance that resembles silk. It is characterized majorly by unique gloss, smooth texture, and desorption and superior staining properties. Regenerated fibers are widely used, as it does not melt with heat to become soft.
Regenerated Fibers Market: Segmentation, by Application
The regenerated fibers market can be segmented in terms of application as:
- Needle-punched Fabrics
- Water & Oil Filtration
Needle-punched non-woven fabrics are mostly used in winter cloth, quilt, car fabrics, sleeping bags, etc. Regenerated fibers offer strength to needle-punched fabrics. Also, regenerated fibers are less expensive compared to polypropylene or virgin polyester needle-punched fabrics. Needle-punched fibers are manufactured in several dope-dyed shades, for meeting carmakers’ expectations in terms of fabric colors. Fabrics made from regenerated polyester staple fibers are used in nearly all cars worldwide. The reason for the preferred usage is their cost-effectiveness. These fibers also offer longer life to the product. Regenerated fibers are also used in the wadding industry as a blend with a chemical bond or BICO low-melt fiber. Additionally, filtration non-woven fabrics made from regenerated fibers are used for filtration of water, air, and oil. Filtration fabrics produced from regenerated fibers are inexpensive and hygienic to use.
Regenerated Fibers Market: Region-wise Outlook
Based on geography, the global regenerated fibers market can be categorized into five segments viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the maximum market share, followed by Asia Pacific. The market in Asia Pacific is expected to witness high growth during the forecast period, due to growing automotive industry in the region. Asahi Kasei Fibers is planning to construct a new production facility in Nobeoka, Miyazaki (Japan) for its Bemliese-brand cellulose non-woven fabrics.
Regenerated Fibers Market: Key Market Players
Some of the key players operating in the global regenerated fibers market are:
- US Fibers
- Polyfiber Industries
- Martex Fiber
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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