The Global Market for Cellulosic Man-Made Fibers is Projected to Reach 6.2 Million Tons by 2020
Substitution of Petrochemicals with Cellulose Fibers
to Foster Growth in the Cellulosic Man-Made Fibers Market, According to a New
Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Cellulosic Man-Made Fibers market. The
global market for Cellulosic Man-Made Fibers is projected to reach 6.2 million
tons by 2020, driven by growing adoption in the textile industry as an
alternate to cotton, favorable regulations and growing preference for
biodegradable fabrics.
Fibers
extracted from plants are termed as natural cellulose fibers such as cotton,
linen and jute, whereas those obtained from plant pulps are commonly referred
to as manufactured or man-made cellulose fibers like modal, lyocell and
viscose, among others. Moisture absorbency, low weight, and strength are some
of the key characteristics that have enabled these fibers gain widespread application
in various industries. These fibers find use in diverse areas such as apparel,
industrial and home textiles etc., with apparel accounting for a dominant share
of the market. Escalating demand for skin-friendly, eco-friendly and
biodegradable clothing and fabrics is one of the key factors driving demand for
these fibers. The trend towards substituting petrochemical fibers with
cellulose fibers in various industries is also spurring adoption of these
fibers. The clothing industry ranks as an especially lucrative end-use market
spurred by the continuous decline in cotton production and the ensuing shortage
induced rise in cotton prices. Popularity of spun yarns is also expected to boost demand together with favorable
regulations and low raw material prices. Acetate tow another end-use
application area is benefiting from the steady production of cigarette filters,
despite implementation of legislations discouraging smoking. More than 80% of
the acetate tow produced globally goes in the manufacture of cigarette filters.
The growth in the market is
also benefiting from the ongoing shift towards biodegradable
fabrics and the replacement of petrochemical and cotton based products with
high-quality cellulose fiber based fabrics. The growing pressure on synthetic
fiber manufacturers to develop innovative and green fibers derived from plant
sources rather than petrochemicals is expected to benefit the market for cellulosic
man-made fibers. Especially poised to gain is demand in applications where
effective moisture management is essential, given the inability of oil-based
synthetic fibers to perform. Despite the opportunities for growth, the market
will face challenges posed by stringent environmental legislations capping deforestation.
Rigid forestry policies and volatile prices of wood pulp are likely to push up
production cost of cellulosic man-made Fibers, lower profit margins and
adversely affect supplier profitability. Uncertainty regarding wood prices is also
anticipated to prompt various manufacturers to use renewable resources for
cellulose fiber production.
As stated by the new
market research report on Cellulosic
Man-Made Fibers, developing markets are forecast to lead growth, given the
strong domestic manufacturing bases in each of the countries. Accounting for a
major share of the global market, Asia-Pacific represents the largest market
worldwide led by China. Rising demand for apparel, growing number of new
production centers and increasing foreign investment represent major factors
supporting the region’s dominance. Europe trails Asia-Pacific, mainly supported
by government regulations that promote biodegradable fabrics. High production
costs due to volatile wood pulp prices, a key raw material in the production of
cellulose fiber in addition to the regulatory pressures owing to rising
environmental concerns rank as major challenges to growth in Europe.
Major players covered in
the report include Baoding Swan Fiber Co., Ltd., Celanese Corporation, Century
Rayon Limited, Daicel Chemical Industries, Ltd., Eastman Chemical Company,
Formosa Chemicals & Fiber Corporation, Glanzstoff Industries, Grasim
Industries Limited, Kelheim Fibres GmbH, Lenzing AG, PT. South Pacific Viscose,
Mitsubishi Rayon Co. Ltd., Nantong Cellulose Fibers Co., Ltd., NRC Limited, PT
Indo Bharat Rayon, Sateri Holdings Limited, Smartfiber AG, Solvay Acetow GmbH,
Tangshan Sanyou Xingda Chemical Fiber Co., Ltd., Thai Rayon Public Co. Ltd.,
Toray Industries, Inc., Weyerhaeuser Company, Xinxiang Bailu Chemical Fiber
Co., Ltd., Zhejiang Fulida Co., Ltd., and Zhuhai Acetate Fiber Co., Ltd., among
others.
The research report titled
“Cellulosic Man-Made Fibers: A
Global Strategic Business Report” announced by Global Industry Analysts
Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies. The report provides volume market
estimates and projections in Thousand Tons for all major geographic markets such
as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and
Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle
East & Africa, and Latin America.
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