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Cellulosic Man-Made Fibers Market size is forecast to reach $25 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Cellulosic man-made fibers are semi-natural fibers that are chemically treated to have high strength and good absorbent properties for its use in various industries such as textile and medical. Cellulosic fibers are extensively used in various applications including spun yarn, fabrics and textiles. Increasing demand for a high-quality product with good durability and strength is driving the growth of cellulosic man-made fibers market globally. Moreover, environmental concerns and government regulations also boost the growth of the cellulosic man-made fiber market.
Fiber Type- Segment Analysis
Viscose rayon fiber has dominated the cellulosic man-made fibers market with share of more than 30% in 2019. Viscose fibers have properties similar to that of cotton, thereby substituting cotton fibers in various end-use industries. They are soft and non-insulating fibers, as they don’t hold the heat. Viscose fibers are used for making dresses, ribbons, and trims. After viscose fiber, lyocell fiber has shown significant growth. They are produced by dissolving cellulose into the solvent N-methyl Morpholine-N-Oxide (NMMO). Due to its ability to absorb excess liquid as compared to cotton, lyocell fibers are used in baby diapers and feminine hygiene products.
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Application – Segment Analysis
Based on the application, the apparel segment has shown significant growth in the cellulosic man-made fibers market in 2019, growing at a CAGR of 6.12% during the forecast period. Cellulosic man-made fibers are blended with many other fibers such as cotton, wool, etc. to improve its properties. High strength rayon produced by stretching the filaments is used in tire cord. These fibers can be easily dyed in a variety of colors and are used in curtains and lining. Anti-bacterial and liquid absorbency has led to its usage in the medical field for making bandages and surgical dressings which in turn augments the growth of cellulosic man-made fibers market.
COVID-19 proved to be a major challenge for the cellulosic man-made fiber manufacturers due to disruptive supply chain and declining demand from consumers worldwide. Many industries are shuttered due to lack of manpower. The apparel industry body Clothing Manufacturers Association of India (CMAI) has estimated that if no assistance comes from government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Due to the coronavirus, purchasing capital of people decreased which has direct impact on construction, and textile industries, subsequently affecting the cellulosic man-made fibers market. Also according to the World Trade Organization global trade will fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity.
Geography- Segment Analysis
APAC dominated the cellulosic man-made fibers market with a share of more than 41%, followed by North America and Europe in 2019. An increase in population coupled with rapid industrialization has driven the growth of cellulosic man-made fibers market in these regions. Due to the lower cost as compared to natural fibers, they are in huge demand in emerging economics nations. Additionally, rise in disposable income and high standard of living has also accelerated the use of cellulosic man-made fibers for making jackets, gloves and sports equipment. According to India Brand Equity Foundation (IBEF), the Indian textile and apparel industry is valued at around US$ 36.63 billion in 2017 and is expected to increase to US$ 82 billion in 2021, further fueling the demand for man-made cellulosic fibers in the Indian market. Moreover, government regulations to minimize the use of non-degradable fibers contribute to the growth of the market.
Drivers – Cellulosic Man Made Fibers Market
Exceptional advantages over natural fibers
Cellulosic man-made fibers have almost all properties of natural fibers and are also cost-effective. They have luxurious feel appearance and are shrink, moth and mildew resistant, thus act as a substitute for natural fibers in various end-use applications which fuels the growth of cellulosic man-made fibers market.
Cellulosic man-made fibers are degradable and have less harmful effects on the environment. Due to the rise in environmental concerns, cellulosic man-made fibers are preferred over polyester and nylon fibers. Thus ease in decomposition drives the growth of cellulosic man-made fibers market.
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Challenges – Cellulosic Man Made Fibers Market
Effect on human health
Cellulosic man-made fibers are fibers that are chemically converted from wood pulp. Not only the production of these fibers is dangerous but wearing it is also unhealthy. The chemicals used in manufacturing these fibers cause nausea, headache, vomiting, and insomnia. Although these fibers are cost-effective and owe various properties, its harmful effect on human health acts as a restraint for the growth of cellulosic man-made fibers market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the cellulosic man-made fibers market. Major players in the cellulosic man-made fibers market are Baoding Swan Fiber Co., Ltd., Century Rayon Limited, Daicel Chemical Industries Ltd., Celanese Corporation, Grasim Industry Limited, Lenzing Corporation, Mitsubishi Rayon Co. Ltd., Nantong Cellulose Fiber Co Ltd, Glanzstoff Austria GmbH & Co. KG, Eastman Chemical Company, among others.
In April 2019, Saetri has acquired Jiangsu Xiangsheng Viscose Fiber Co., Ltd. (“Xiangsheng”) in order to strengthen their position as world’s leading viscose fiber producer.
In December 2016, McMaple Textile Company has launched a new rayon fabric for garments which are highly absorbent with superior drapability and dye ability.
Asia-Pacific dominates the cellulosic man-made fibers market owing to increasing demand from applications such as apparel and medical products.
Properties such as durability, high strength, anti-bacterial, and smoothness are the major factors driving the growth of cellulosic man-made fiber market.
An increase in environmental concerns and sustainability has also contributed to the growth of the cellulosic man-made fibers market.
Related Reports :
A. Flexible Packaging Market
B. High-Performance Fibers Market
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