Latest News- Cellulose Fiber Market: Apparel is expected to lead the Application segment during 2024-2028

The Cellulose Fiber Market is being driven by Growing demand from textile industry

The Cellulose Fiber Market is expected to grow at a CAGR of 9.55% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 17.62 billion. The textile industry's reliance on petrochemical fibers, derived from petroleum, is a growing concern due to their non-biodegradable nature. These fibers, which include polyester, acrylic, nylon, and spandex, contribute significantly to landfill waste and ocean pollution. As the global population increases and textile consumption rises, there is a pressing need for eco-friendly alternatives. Enter cellulose fibers, which offer sustainability and hypoallergenic properties. These fibers, sourced from renewable plant-based materials, are biodegradable and less likely to cause skin irritation or allergic reactions. The shift towards cellulose fibers is not only environmentally responsible but also caters to the growing demand for textile products that prioritize health and sustainability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Apparel
  • Industrial
  • Hygiene
  • Others
• Type
  • Synthetic
  • Natural
• Geography
  • APAC
    • China
  • Europe
    • Germany
    • France
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand from textile industry
• Environment-friendly properties of cellulose fibers
• Increasing adoption of cellulose fibers for vehicle interiors

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations related to cellulose fiber products
• High expenditure by vendors for cellulose fiber manufacturing
• Increasing labor costs and shortage of labors

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Market Scope in Cellulose Fiber Market Research Report

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Research Analysis Overview

The Cellulose Fiber Market encompasses natural fibers derived from plants, including wood pulp, as well as artificial fibers like Viscose and Rayon. These fibers are distinguished from petrochemical-sourced fibers in the material industry. Wood pulp serves as the primary source for producing Cellulose fibers, which are also obtained from leaves, barks, and other plant-based materials. Process technologies play a crucial role in converting these raw materials into Cellulose fibers. Natural fibers, such as Cotton, Jute, Flax, and Hemp, are integral to the market. In contrast, Synthetic fibers, like Viscose and Rayon, are derived from esters of Cellulose. The Filtration market and Papermaking fiber market significantly utilize Cellulose fibers. Agricultural practices impact the availability of raw materials for Cellulose fiber production. Bacterial cellulose material is a promising alternative to traditional Cellulose fibers. The Powdered cellulose market also relies on Cellulose fibers. Overall, Cellulose fibers serve as a versatile and sustainable alternative to traditional fibers in various industries.

Market Research Overview

The global cellulose fiber market is a significant segment of the larger specialty chemicals industry, as identified by Technavio. This market encompasses businesses specializing in the production of high-value-added cellulose fibers, such as sustainable, renewable, non-woven, textile, biodegradable, regenerated, wood-based, cotton-based, and eco-friendly varieties. The specialty chemicals market, which includes fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings, is projected to expand due to the increasing demand for specialty adhesives and sealants. Consequently, the cellulose fiber market is poised for growth in the upcoming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/