Technavio Announces the Publication of its Research Report Global Cellulose Fiber Market 2017-2021
Technavio recognizes the following companies as the key players in the global cellulose fiber market: Fulida Group Holding, Aditya Birla Management, LENZING, Jiangsu Aoyang Technology, and TangShan SanYou Chemical Industries.Other Prominent Vendors in the market are: Celanese, Century Rayon, Daicel, Eastman Chemical Company, Formosa Chemical & Fibre, Glanzstoff, Indo Bharat Rayon, Kelheim Fibres, Mitsubishi Rayon, Rayonier Advanced Materials, Sateri, and Shandong Helon Textile.Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Replacement of petrochemical fibers with cellulose fibers. The growing demand for biodegradable and environment friendly fabrics and clothing from the textile industry has been driving the global cellulose fiber market.
Clothing is the biggest end-user application, which accounts for more than half of the total cellulose fibers consumed globally. The shift toward replacing petrochemical fibers with cellulose fibers in major end-user industries is another major factor driving the market growth.
Consequently, the world is shifting focus toward developing cellulose fibers through renewable sources and providing biodegradable solutions to various industrial demands. Thus, the rising preference for environmental friendly fabrics is driving the market worldwide.
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According to the report, one of the major drivers for this market is Expanding global population and subsequent rise in demand for clothing. The demand for cellulose fiber is increasing at a very fast rate.
This is mainly because of the rise in the demand from clothing industries, owing to the rise in population worldwide as well as rising disposable incomes of consumers. The ongoing economic development in the Americas, China, India, and Indonesia has led to urbanization and increase in the disposable income of consumers.
In addition, the rapid population growth, modernization, and changing lifestyle preferences have contributed to the rising demand for clothing and fashion trends, resulting in the augmented demand for cellulose fiber.Further, the report states that one of the major factors hindering the growth of this market is Limited arable land worldwide. Most of the yielding farmland is already used for agriculture.
This means that the further expansion of agricultural activities will occur on lands that are not so fertile for cellulose fiber plants. The lands which have grown agricultural plants have lost fertility because of the use of chemical fertilizers to enhance crop production.
With the growing population, the need for food crops is also increasing. Therefore, the available arable land will be preferred for producing food crops instead of crops that have industrial importance.
This is expected to hinder the growth of the market.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Cellulose FiberCellulose fibers are fibers that are structured and fabricated from cellulose through processes, such as precipitation or extrusion of cellulose or wood pulp. Cellulose fibers are used in applications in the textile industry, in fiber reinforcement processes, and others.
Cellulose fibers can be segmented into two types, namely natural cellulose fibers and man-made cellulose fibers or synthetic cellulose fibers. Natural cellulose fibers include cotton, flax, hemp, jute, and ramie, while synthetic cellulose fibers include polyester, nylon, and others.
Natural cellulose fibers are found naturally in the plant. However, they are processed as per the requirement and delivered to end-users.Technavios analysts forecast the global cellulose fiber market to grow at a CAGR of 9.70% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global cellulose fiber market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
MEATechnavio's report, Global Cellulose Fiber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Obtain Report Details: marketreportscenter.com/reports/55…-market-2017-2021
Fulida Group Holding
Aditya Birla Management
Jiangsu Aoyang Technology
TangShan SanYou Chemical IndustriesOther prominent vendors
Eastman Chemical Company
Formosa Chemical & Fibre
Indo Bharat Rayon
Rayonier Advanced Materials
Shandong Helon TextileMarket driver
Expanding global population and subsequent rise in demand for clothing
For a full, detailed list, view our report Market challenge
Limited arable land worldwide
For a full, detailed list, view our report Market trend
Replacement of petrochemical fibers with cellulose fibers
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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