Global cellulose fibers market size was estimated at 5.40 million tons in 2013. Shifting trend towards biodegradable fabrics is anticipated to drive the global cellulose fibers industry over the forecast period. Man-made fibers’ production involves wood pulp industrial processing, which is derived from natural sources. Cellulose fibers’ manufacturing entails chemical and mechanical processing of wood pulp.
Rayon, a man-made fiber is used extensively across various end-use industries. Various types of rayon include viscose, acetate, and triacetate. Rayon has good absorbing properties and is used for making curtains and carpets. Acetate fiber is used for apparel and cigarette filters owing to its fast-drying capabilities. Rising demand for biodegradable, eco-friendly, and skin-friendly fabrics in textile industry is anticipated to augment product demand.
Increasing concerns regarding excessive oil dependence, carbon emissions, and fuel sustainability, are anticipated to fuel industry growth over next seven years. Growing textile industry in Asia Pacific and Africa is presumed to have a positive influence on market growth. Availability of raw material coupled with technological advancement in manufacturing processes is anticipated to fuel product demand. Asia Pacific was the largest market and this trend is expected continue over the forecast period owing to growing textile industry.
Replacement of cotton with high-quality cellulose fibers is anticipated to create several opportunities in the forthcoming years. Rigid forestry policies coupled with volatile wood pulp prices are expected to hinder market growth over the forecast period. In addition, stringent regulatory standards regarding environmental concerns have an adverse impact on the production cost. Fluctuating price of wood is a major problem; hence focus is expected to shift towards producing cellulose fibers from renewable sources.
North America cellulose fiber revenue by application, 2012-2020, (USD Million)
The key applications of cellulose fibers include spun yarn, fabrics, and clothing. Minor applications include adhesives, tape, and sealants. Clothing dominated the cellulose fiber market in terms of volume, accounting for 3,310.9 kilo tons in 2013. This segment is anticipated to be the fastest growing application segment over the foreseeable future owing to rising demand from emerging economies such as India, China, Vietnam, and Brazil.
Fabrics are expected to grow at a CAGR of 8.1% from 2014 to 2020. Rising demand for skin and environment friendly fabric is expected to drive the market over next six years. Consumption of man-made cellulose fibers has increased significantly owing to scarcity and increasing prices of cotton. Spun yarn is anticipated to expand at a CAGR of 7.9% by 2020. Different forms of cellulose fibers include corn fibers, viscose, lyocell, modal, tencel, and rayon.
Being a fast-drying material, acetate fiber is applied in the manufacturing of fabrics, apparel, clothes, and cigarette filters. The apparel industry uses rayon, owing to highly absorbing properties. Rayon is used for producing home furnishings such as carpets and curtains.
Asia Pacific cellulose fibers market was the leading regional segment owing to high product demand from clothing application and was valued USD 6,571.6 million in 2013. This trend is anticipated to continue over the forecast period owing to growing clothing sector coupled in emerging economies such as India, China, and Japan. India and China are the two largest producers as well as consumers of cellulose fibers. Stringent government regulations regarding forestry are expected to hamper industry growth over the forecast period.
Europe accounted for over 30% of the total market share in 2013. North America and Europe being mature markets are expected to grow at a relatively sluggish rate over the forecast period.
Lenzing and Fulida dominate the global cellulose fibers market share, accounting for over 27% in 2013, with Lenzing being the largest player at over 17%. The company offers a variety of products, which cater to numerous applications such as apparel, home & interior, technical, nonwovens, and protective wear.
Other players in the industry include Jiangsu Aoyang Technology, Grasim Industries, Celanese, Century Rayon, Formosa Chemical & Fibre, Daicel, TangShang San You XingDa, Eastman Chemical, Glanzstoff, and Mitsubishi Rayon.