Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Cellulose Fiber Market - Forecasted from 2019 to 2026”.
The prime factor driving the growth of the cellulose fiber market is the growth of the textile and apparel industry along with the rising demand for environment-friendly fiber.
As per the report, the Cellulose Fiber Market is projected to grow at a CAGR of 5.53% to reach US$48.088 billion by 2026, from US$33.003 billion in 2019.
Cellulose fiber also known as plant-based fiber is derived from the pulp of the woods or cellulose. Cellulose fiber is widely used in textiles and the growing concerns about changing climatic conditions have led to a shift from petrochemical sourced fibers to biodegradable and environment-friendly fibers. This is expected to increase the demand for cellulose fiber in the coming years. Besides that, Cellulose fiber or particularly Cellulose nano-fiber is also being considered as a substitute for plastic due to its strength, lightweight, transparency, and barrier properties to water and gas.
Based on type, the cellulose fiber market is classified into Natural and Man-Made Fibers. Natural Fibers mainly include Jute and Cotton whereas Man-Made fibers include Viscose, Modal, and Lyocell.
Based on application, cellulose fibers are used in textiles, industries like apparel industries, etc. Besides that, it is also used in the Hygiene sector as well.
Based on geography segmentation, the Asia Pacific region is expected to dominate the market due to the growing textile industry in the region especially in Southeast Asian Countries like India, Vietnam, and Bangladesh. Besides that, North America is expected to witness substantial growth in the coming years due to the growing research and development on natural and cellulose fibers in the region.
As a part of the report, the major players operating in the cellulose fiber market, that have been covered are Sappi Limited, Lenzing AG, Sateri, Birla Cellulose, Kelheim Fibres GmbH, Tangshan Sanyou Xingda Chemical Fiber Co. Ltd., CFF GmbH & Co. KG, Fulida Group Holding Co. Ltd, Eastman Chemical Company and International Paper.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/cellulose-fiber-market
This analytics report segments the cellulose fiber market on the following basis: