According to Market Research Future (MRFR), the global cellulose fiber market is projected to reach USD 41.5 billion, with a CAGR of over 9% from 2021 to 2030 (forecast period). This report gives a comprehensive overview of the effect of COVID-19 on the global cellulose fiber market.
Market Dynamics
The global market for cellulose fiber is mainly driven by the strong demand from the textile industry. Cellulose fiber has properties such as skin-safe, biodegradable, and environmentally safe properties stimulating the market for cellulose fiber. The growing population, along with ever-changing fashion trends and rising disposable incomes, drives cellulose fiber demand. Another primary driver of the market is cellulose fiber's use for the production of technical textiles such as upholstery, curtains, rugs, carpets, and table linen.
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The high demand for home furnishings due to the increasing disposable income of consumers has led to increased home renovation activities, which is driving demand for cellulose fiber. For example, according to the US Census Bureau, total construction expenditure in the US was USD 1,246,000 million in 2017, of which USD 969,490 million was spent on residential construction. Many uses of cellulose fiber include its use in fiber reinforcement composite, chemical filters, bio-composites, and polymer composites. Increasing market awareness of skin-friendly clothing is likely to provide lucrative opportunities for cellulose fiber manufacturers.
However, fluctuations in the prices of raw materials, as well as the demand for skilled people and advanced machines in the production of cellulose fiber, are some of the factors that are constraining the global market.
Market Segmentation
The global cellulose fiber market has been segmented by fiber type, application, and region.
By fiber type, the global market for cellulose fiber has been segmented into natural fiber and man-made fiber. The natural fiber segment has been further categorized as plant-based and animal-based. The plant-based fiber includes cotton, jute, linen, wood, and others, while the animal-based fiber includes alpaca and silk. The man-made fiber segment has been divided into the semi-synthetic and synthetic fiber. The semi-synthetic fiber includes rayon/viscose and modal fiber, whereas the synthetic fiber segment has been classified as nylon, spandex, and polyester fiber.
Based on application, the global market for cellulose fiber has been segmented into apparel, home textiles, industrial, and others.
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Regional Analysis
Regionally, the global market for cellulose fiber has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa.
The Asia Pacific held the largest market share in 2018 due to high cellulose fiber consumption, as the region is the leading manufacturer of textiles. However, rapid industrialization, improved economic conditions, supportive government policies, the availability of cheap labor and increased exports, coupled with a growing population and a changing lifestyle in the region, are driving the textile industry, which, in effect, is fueling demand for cellulose fiber in the region. For example, as per the India Brand Equity Foundation (IBEF), the country's total exports of textiles from 2017 to 18 were USD 39.2 billion.
The broad industrial base in the European and North American regions, coupled with the strong demand for technical textiles in the automotive, healthcare, and construction industries, is anticipated to push global market growth during the review period.
Industrialization in developing economies such as Brazil and Chile are expected to fuel demand for products in the Latin American region over the forecast period. The existence of a well-developed infrastructure hub in GCC, UAE, and Saudi Arabia is likely to boost demand for construction textiles in the region, which, in turn, will drive demand for cellulose fiber.
Key Players
LENZING AG (Austria), Sateri (China), Kelheim Fibers GmbH (Germany), Grasim (India), Fulida Group Holding Co. Ltd (China), China Bambro Textile Co. Ltd (China), Sappi (South Africa), Eastman Chemical Company (US), CFF GmbH Co. KG (Germany), China Hi-Tech Group Corporation (China), Shandong Helon Textile Sci. Tech. Co. Ltd (China), Tangshan Sanyou Group (China).
Manufacturers focus on strategic growth initiatives such as expansion, mergers and acquisitions, and investment in RD to meet growing demand and strengthen their position. For example, Sappi plans to expand its Saiccor pulp dissolving mill to 890,000 tons in KwaZulu-Natal, Africa, by 2022.
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