September 02, 2022 09:47 ET | Source: Facts & Factors Facts & Factors
NEW YORK, USA, Sept. 02, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Cellulose Fiber Market Size, Share, Growth Analysis Report By Manufacturing (Natural Cellulose Fiber, Manufactured Cellulose Fiber, Semi-Synthetic, Synthetic), By Application (Cellulose Fiber for Textiles, Cellulose Fiber for Filtration, Cellulose Fiber for Composite Materials), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Cellulose Fiber Market size & share was valued at approximately USD 35.20 billion in 2021. The market is expected to grow above a CAGR of 9.30% and is anticipated to reach over USD 60.01 billion by 2028.”
The report analyses the Cellulose Fiber market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Cellulose Fiber market.
What is Cellulose Fiber? How big is the Cellulose Fiber Industry?
The terminology "cellulose fiber" describes either man-made plant stalk fibers or cellulose in wood pulp. These fires offer unique characteristics, including moisture absorption and hydrophobicity, and are naturally adaptive. The two fundamental divisions of cellulose fibers are natural and synthetic cellulose fibers. Examples of cellulose fibers include cotton, jute, and other natural fibers, whereas man-made cellulose fires include viscose, lyocell, modal, and other materials.
Synthetically produced man-made cellulose fires are more affordable and environmentally friendly than their natural counterparts. However, they take much more water and energy to process than other things. Every type of fiber has a few beneficial characteristics acquired through various chemical processes.
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Key Insights from Primary Research
One of the key elements driving the expansion of the global cellulose fiber market is the global focus on creating environmentally friendly and biodegradable fiber. Many companies strive to transition away from the commonly used petrochemical-sourced fibers, which emit considerable amounts of carbon into the environment, as awareness of climate change, environmental degradation, and sustainability has grown. The price of cellulose fiber has considerably impacted the growth of the global cellulose fiber market. The market requires a significant investment in knowledge & resources and high capital intensity.
The growth of the global cellulose fiber business has been significantly restricted by the price of cellulose fiber. Due to how volatile and constantly changing their costs are, large-scale businesses are limited in how they can employ raw resources.
The sector's biggest issue is the significant investment in research and development necessary to generate new technology or goods. The industry has several difficulties, including persistent raw material price volatility, a declining cotton supply, and strict international environmental rules regarding trees.
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Cellulose Fiber Market: COVID-19 Impact Analysis
Since the COVID-19 illness began making headlines in December 2019, practically every country on the planet has been affected by the disease, and the World Health Organization (WHO) has classified the situation as a "global health catastrophe." The global ramifications of the Covid illness 2019 (COVID-19) are only just beginning to become apparent, and in 2020, they will have a significant impact on the industry that deals with cellulose fibers. The flare-up of COVID-19 has had several positive results, such the cancellation of flights, the boycotting of travel, isolation, the closing of cafés, and prohibitions on all gatherings that take place indoors and outdoors. In addition to this, it has resulted in a major slowdown in production, a rise in market volatility, a decline in corporate confidence, an increase in populist hysteria, and future vulnerability in over forty countries.
The report contains qualitative and quantitative research on the global cellulose fiber Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global cellulose fiber market include:
Browse the full “Cellulose Fiber Market Size, Share, Growth Analysis Report By Manufacturing (Natural Cellulose Fiber, Manufactured Cellulose Fiber, Semi-Synthetic, Synthetic), By Application (Cellulose Fiber for Textiles, Cellulose Fiber for Filtration, Cellulose Fiber for Composite Materials), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/cellulose-fiber-market
Cellulose Fiber Market: Segmentation Analysis
The global cellulose fiber market has been segmented into the process of manufacturing, application, and region. The global market is divided into natural cellulose fiber, manufactured cellulose fiber, semi-synthetic and synthetic based on manufacturing. The natural cellulose fiber category dominated the market in 2021. The global cellulose fiber market has been divided into cellulose fiber for textiles, cellulose fiber for filtration, and cellulose fiber for composite materials based on application. The cellulose fiber for textiles segment market dominated the market in 2021.
The global cellulose fiber market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Due to significant demand in the industrial and textile industries, the Asia Pacific region dominated the global market for cellulose fiber in 2021. The region is anticipated to have a similar growth trend throughout the anticipated period because of the rise in demand from industrial, textile, and other application segments.
China, India, Japan, South Korea, Pakistan, Taiwan, and Indonesia are the region's major markets. These countries make and trade fibers used in numerous end-use industries. Bangladesh and Vietnam are potential future markets for the product. However, it is projected that strict forestry rules would restrict the product's expansion during the following forecast years.
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The global Cellulose Fiber market is segmented as follows:
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