The aggressive global warming is creating a constant concern around the world. The artificial chemical components of various matters are rapidly creating greenhouse gases that are escalating global warming. The need for regulating the ongoing pollution by implementing eco-friendly natural components such as cellulose fibers in various elements are going to heighten the cellulose fiber market. Furthermore, the disturbing statistics of trees that are being shed down is a matter of concern for the current weather change. However, it can be easily taken care of, and cellulose fiber market is going to contribute to the cause. Several campaigns are being carried out to protect the world by planting trees. With the growth of the cellulose market, the demand for trees will also increase as cellulose fiber is extracted from plants such as cotton, coconut, java, hemp, jute, and others. Thus, the more requirement for cellulose fibers will compel the population for planting more trees. According to the analysis of the Cellulose Insulation Manufacturers Association (CIMA), cellulose fibers are preserving and renewing natural resources. Cellulose insulation that is produced from cellulose fibers contains around 85% reused materials, including 875,000 tons of recycled paper processed by CIMA members annually.
Cellulose insulated homes reduce air infiltration, have efficient energy and sound control specifications, and they are fire-resistant too. So, with the application of the chemical component further, in the homes, the cellulose fiber market revenue is going to increase in the next years. Also, the biodegradable characteristics of the cellulose fiber make it more green environment-friendly, and therefore, its implementation in different industries such as textile, automotive and others will create an upsurge in the cellulose fiber market size. As of 2018, Cellulose Fiber Market revenue rested at around 24.44 billion, which is expected to escalate further with a CAGR of 8.12% throughout the forecast period 2019-2025.
As per the reports of the International Trade Centre (ITC), the global trade value of pulp of wood or other fibrous cellulosic material rested at around $64.17 billion in 2018. This commerce rate experienced annual swelling of 16% year on year. A valuable part of this parent industry revenue is attributable to the exponential growth of cellulose fiber market.
Global Cellulose Fiber Market Size Dominated by APAC:
Constant study and improvement in various countries of APAC for sustainable advancement of the cellulose fiber market are opening impeccable opportunities to the major market players. Furthermore, political turmoil between China and the US is also adding to the expansion of the cellulose fiber market. APAC had the most abundant cellulose fiber market share of around 35% in 2018. Here are the different drivers that are contributing to the flourishment of the cellulose fiber market.
· Asia Pacific Rayon's (APR) Support to Indonesia's Textile Industry by Commissioning Viscose Rayon Plant will Uplift the APAC Cellulose Fiber Market –
In December 2018, APR started the commissioning of viscose rayon plant that is made from natural wood cellulose generated from sustainably maintained plantations. With an annual production capacity of numerous viscose fiber, the organization plans to promote Indonesia’s textile industry that is continuously dependent on cotton and viscose imports. It will pave the way for 'making Indonesia 4.0’ roadmap to encourage the country's export and GDP. Therefore, this initiative will commence to the expansion of the cellulose fiber market.
· Singapore University of Technology and Design (SUTD) invented FLAM, to Contribute to the Growth of the Cellulose Fiber Market –
Decades of extensive research to fabricate 3D objects, with the help of cellulose, has come to an end. In June 2018, researchers from SUTD had successfully demonstrated the usage of cellulose, to fabricate large 3D objects sustainably. With the usage of small amounts of chitin between cellulose fibers, they have procured the wall of the fungus-like oomycetes. The fungal-like adhesive material(s), called FLAM is inexpensive, strong, light-weight, ecologically sustainable, and can be manufactured by using woodworking techniques only. This path-breaking implementation of the chemical component in the 3D printing technique is expected to give additional possibilities to the major cellulose fiber market players.
· China's Tiff with the US to Pave Opportunities for Other APAC Cellulose Fiber Market Players –
China and the US are currently undergoing a political cold war. This has affected the cotton industry, which is the most used natural cellulosic fiber. In retaliation of taxes imposed by the US president, China implemented an additional 25% tariff on imports of the US cotton, in July 2018. This has affected the cotton industry, which was earlier estimated to gain 6.07 million metric tons by the end of 2019. This situation has opened chances for India cellulose fiber market. The subcontinent traders have signed contracts to ship innumerable bales of cotton to China. Thus, due to the struggling Chinese cotton industry, India is extracting unimaginable benefits, and flourishing the APAC cellulose fiber market in whole.
Cellulose Fiber Market: Key Application
The key application of cellulose fiber is found in the clothing industry. The range of cellulose fibers such as cotton, cashmere, and others are extensively found in the luxury textile industry. The Indian textile industry estimated at around US$ 108 billion in 2017 and is expected to reach US$ 223 billion by 2021. On the other hand, the UK consumers invested over $75 billion on footwear, clothing, and household textiles in 2016. Owing to the rising millennial generation who are extremely fashion savvy and willing to spend more on their preferences of outfits to look better, the implementation of cellulose fiber in the clothing industry is expected to grow at a CAGR of 7.95% over the forecast timeframe throughout 2025.
Cellulose Fiber Market Growth Drivers:
The constant research and development in the technology sector involving cellulose fiber are making lives more comfortable and environmentally friendly. Here are such innovations that are driving the growth of the cellulose fiber market –
· Celanese and International Paper's Cellulose Fiber-reinforced PP Composite to Boost the Automotive Industry –
International Paper and Celanese Corporation together have brought a tectonic shift in not only the automotive industry but also to the cellulose fiber market. With the use of composites combining long-glass fiber and cellulose fiber from trees in a polypropylene matrix, they have invented sustainable thermoplastics, which is remarkably cost savings and leads to 25% per part weight reduction. This development was applied in the Ford Motor Company’s 2018 Lincoln Continental luxury sedan. This discovery has bagged the trio the Environmental Award for Sustainable Materials in Automotive. The worldwide automotive industry is gradually reaching a major crossroad that would foretell its long term trajectory. Also, the semi-autonomous and autonomous vehicle market is expected to grow at a healthy CAGR of 31.28% during the forecast period of 2019-2025. Thus, with this innovation of the usage of cellulose fiber in the automobile industry, the cellulose fiber market size is estimated to grow at a substantial value.
· Multifarious Out-of-the-box Cellulosic Fibers Bringing Innovation to the Cellulose Fiber Market –
Several developers have been working on bringing difference and inventing typical cellulose fibers apart from the conventional ones. Orange Fiber, based in Italy, has come up with a silky, light-weight yarn (cellulose fiber) from citrus juice that can be both blended and used alone. With the leading Italian designer Salvatore Ferragamo, the organization created a capsule collection of the mentioned garments.
On the other hand, Swicofil, a Swiss company has derived cellulose fiber from milk protein, and the fabric produced through wet spinning technique is said to moisturize skin in a similar way to taking a milk bath. Furthermore, Nanonic Incorporated and Smart Fiber AG have come with SeaCell, a cellulosic offering, mixed with brown algae harvested powder from the shores of Iceland. This is expected to give several nutrients from the seaweed to the wearer. Singtex Industrial Co. has developed S.Cafe, yarn from the discarded grounds of a coffee shop. This blended with other cellulosic manufactures fabrics that offer UV protection and are also durable. These cellulosic components are setting the trend in the cellulose market, which would offer extreme benefits to the market players.
Cellulose Fiber Market: Competitive Landscape
The major market players who are currently holding maximum shares and expanding further in the cellulose fiber market are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holding Co., Ltd-Fulida Group Holding Co., Ltd, China Bambro Textile (Group) Co. Ltd, CFF GmbH & Co. KG, Crea Fill Fibers Corporation, The International Paper Company, and Grupo Sniace.
Ø Innovation by Major Market Players –
The Lenzing Group expanded its value chain by establishing a new Application Innovation Center (AIC) in Hong Kong. It will develop and test new facilities which include recent innovations like the RefibraTM branded lyocell fiber and the EcoVeroTM branded viscose fiber.
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