Cellulose Fiber Market Analysis

Cellulose Fiber Market Analysis

Based on applications it is segmented into clothing, spun yarn, and fabrics. Rising fashion awareness and higher disposable income will enhance the global clothing and apparel sector in the forecast period. Increasing substitution of nylon and polyester fibers due to lower cost, lighter weight, and recyclability will boost the global cellulose fiber market value in clothing and apparels./p>

Clothing accounted for more than 60% of the global cellulose fiber market share, recording a revenue over USD 10.5 billion in 2015. It is also anticipated to be the fastest growing segment with CAGR above 9.5% through 2024 on the account of growing clothing and apparel demand./p>

Spun yarn, manufactured by twisting loose cellulose fiber strands, accounted for over 13%, registering revenue more than USD 2 billion in 2015. These yarns find extensive application in high performance tires and tire cords due to their superior properties over polyester fibers./p>

Asia Pacific accounted for a significant chunk of the global share, close to 40%, recording a revenue over USD 7 billion in 2015. Presence of numerous textile and apparel industries in China, India, and South East Asian countries is anticipated to boost the overall product demand. Strong production trend of raw materials such as cotton, jute and bamboo in China and India will also have a positive effect on the global cellulose fiber market revenue. It is also projected to be the fastest growing region with CAGR beyond 9.5%.
 

Middle East and Africa (MEA) is expected to have high growth because of shifting of textile industries in several African countries. Cost efficient labor force along with abundant resources in the area will boost cellulose fiber market in the forecast period. MEA is likely to grow from over USD 1.5 billion in 2015 to close to USD 3.5 billion in 2024 by CAGR over 9.0%.