As per the latest report by IMARC Group, titled “Cellulose Fibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global cellulose fibers market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 9% during 2021-2026.
Cellulose fibers are natural or artificial fibers manufactured using either wood pulp or esters of wood, leaves and barks of plants and other plant-based materials. They are versatile and exhibit unique properties, such as excellent strength, lightweight, moisture absorbency and hydrophobicity. As a result, these fibers are extensively used in home textiles, fabrics, polymer composites, biocomposites and chemical filters.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Cellulose Fibers Market Trends:
The global cellulose fibers market is primarily driven by the expanding textile industry and the escalating demand for biodegradable fabrics. Additionally, several advancements, such as the utilization of cellulose nanofibrils (CNFs) and cellulose nanocrystals (CNCs), have been used to improve the mechanical properties, biodegradability and biocompatibility of these fibers, thus catalyzing the market growth. Furthermore, the increasing product adoption to manufacture industrial textiles like upholstery and curtains and the implementation of favorable government policies promoting plant-based raw materials have augmented the product demand. Other factors, including the rising environmental consciousness, cost-effectiveness of these fibers and easy availability of raw materials, are also anticipated to provide a positive market outlook.
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Global Cellulose Fibers Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Player:
Market Breakup by Fiber Type:
Market Breakup by Application:
Market Breakup by Region:
Key Highlights of the Report:
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