As a Substitute for Cotton in Clothing & Textiles, Cellulosic Man-Made Fibers Witnesses Healthy Growth
Growing adoption in the textile industry as an alternate
to cotton, favorable regulations and growing preference for biodegradable fabrics are
poised to drive the global market for Cellulosic
Man-Made Fibers to reach 8.2 million tons by 2024.
Cellulosic
man-made fibers are semi-synthetic fibers that are either regenerated or
modified from natural cellulose, the abundantly available natural polymer that
forms a vital constituent of the living cells of all vegetation. Modified
cellulose such as the cellulose acetates, and regenerated cellulose such as
rayon fibers – modal, viscose, and lyocell, are produced by treating wood pulp
with certain chemicals. Although the production methodology for regenerated
cellulose and modified cellulose was first brought forward in late-1800s,
widespread commercial uptake of these methods commenced only few decades ago.
World market for man-made cellulosics grew noticeably in recent years, driven mainly
by scarcity of and volatility in natural cellulose fibers production, and subsequent
escalation in role and image of man-made fibers in overall textile fibers mix. Intensified demand for durable, low-weight,
moisture-resistant, skin-friendly, and biodegradable clothing and fabrics is a driver
for man-made cellulosics.
The trend towards substituting petrochemical-based fibers
with cellulose fibers in various industries is also spurring adoption of man-made
cellulosics. The market is especially benefitting from growing pressure on synthetic
fibers manufacturers to develop innovative and green fibers derived from plant
sources rather than petrochemicals. The clothing industry ranks as the most 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.
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 man-made cellulosics,
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, Asia-Pacific represents the
largest market worldwide. Trailing at a
CAGR of 4.9% over the review period, Asia-Pacific also ranks as the fastest
growing regional market. Rising demand for apparel, growing number of new
production centers and increasing foreign investment represent major factors
supporting the region’s dominance.
Major
players in the market include Aditya Birla Group, Baoding Swan Fiber Co. Ltd.,
Celanese Corporation, Century Rayon Limited, Daicel Corporation, Eastman
Chemical Company, Formosa Chemicals & Fiber Corporation, Glanzstoff Industries,
Grasim Industries Limited, Indorama Ventures Public Company Limited,
International Paper, Jiangsu Aoyang Technology Co. Ltd., Kelheim Fibres GmbH,
Lenzing AG, Mitsubishi Chemical Corporation, NRC Limited, PT Indo Bharat Rayon,
PT. South Pacific Viscose, Rhodia Acetow GmbH, Sateri Holdings Limited,
Smartfiber AG, Tangshan Sanyou Xingda Chemical Fiber Co. Ltd., Thai Rayon
Public Co. Ltd., Toray Industries Inc., Xinxiang Bailu Chemical Fiber Co. Ltd.,
and Zhejiang Fulida 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. Further
the report analyzes the global and US markets by Application – Clothing, Spun
Yarn, Fabrics, and Others.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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