Global Cellulose Fiber Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Cellulose Fiber Market Overview:

Cellulose fiber is a natural type of fiber available in abundance across the globe. Cellulose fiber is the result of a number of processes that are carried out on wood pulp that is obtained from leaf, bark, and plants. This wood pulp undergoes various chemical processes to produce cellulose fiber. Cellulose fiber is considered one of the most important raw materials in various industries.

Market Dynamics:

Growing demand for environment-friendly, biodegradable, cost-efficient, and versatile fibers across the globe is expected to drive revenue growth of the global cellulose fiber market over the forecast period.

Moreover, the growing demand for cellulose fibers from the textile industry owing to the decline in the production of cotton is expected to drive revenue growth in the target market.

However, the high cost of production of cellulose fibers coupled with stringent government regulations regarding forestry is major factors expected to restrain revenue growth of the cellulose fiber market over the forecast period.

Product Type Insights:

On the basis of product type, the synthetic fiber segment is expected to account for a major revenue share in the global cellulose fiber market. Demand for synthetic fibers is expected to grow over the forecast period owing to their properties such as high strength, abrasion-resistant, low absorbency, fungi resistant, thermoplastic, easily available, and inexpensive.

Application Insights:

Among applications, the textile segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising demand for fibers produced from wood pulp in developing economies is expected to support the revenue growth of this segment over the forecast period. Moreover, the decline in the production of cotton is expected to support the revenue growth of this segment.

Regional Insights:

Asia Pacific market is expected to account major revenue share in the global cellulose fiber market and is expected to maintain its dominance over the forecast period. Rapid industrialization coupled with the growing textile industry in the region owing to changing living standards of consumers is expected to drive revenue growth of the Asia Pacific cellulose fiber market over the forecast period.

Moreover, growing demand for cellulose fibers from various end-use industries is expected to support revenue growth of the cellulose fiber market in the region. The Asia Pacific accounts for the major revenue share of the global cellulose fiber market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.The

The North American cellulose fiber market is expected to grow at a slower rate over the forecast period, owing to the stringent regulations regarding forestry.

Market Segmentation and Key Players Operating in the Global Cellulose Fiber Market:

By Product Type:

• Natural Fibers
• Synthetic Fibers

By Application:

• Textile
• Industrial
• Hygiene
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa