Cellulose Fiber Market: North America Expected to Capture 23% of Global Size

With an anticipated valuation of US$3,825.6 million in 2022, the global Cellulose Fiber Market is on track to achieve a substantial milestone, projecting to escalate to US$5,772.7 million by 2032. Throughout the 2022-2032 forecast period, a commendable Compound Annual Growth Rate (CAGR) of 4.2% is expected, reflecting the market’s resilience and adaptability. This positive trajectory is attributed to the increasing demand for sustainable and eco-friendly materials in various industries, positioning cellulose fiber as a favored choice. As the market continues to evolve, it demonstrates a promising landscape, poised for sustained growth driven by environmental considerations and technological advancements.

Derived from wood pulp obtained from plant bark, leaves, and wood, cellulose fiber undergoes a series of chemical processes to be created. Examples of cellulose fiber include cotton, rayon, flax, and viscose. This versatile material finds widespread applications in textiles, fabrics, and filters.

Foreseeing a consistent upward trajectory from 2022 to 2032, the North American cellulose fiber market is poised to secure a substantial 23% share of the global market by 2022, driven by continuous research and development efforts that cater to heightened demand in the textile and industrial sectors.

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Business Drivers:

1. Sustainability Concerns: With growing environmental consciousness, there’s an increasing demand for sustainable products. Cellulose fibers, being biodegradable and renewable, align well with this trend.
2. Demand in Textile Industry: Cellulose fibers find extensive use in the textile industry due to their properties such as moisture absorption, softness, and breathability. The expanding textile industry, particularly in emerging economies, drives the demand for cellulose fibers.
3. Versatility and Adaptability: Cellulose fibers can be engineered to possess various properties, making them suitable for a wide range of applications beyond textiles, including paper products, pharmaceuticals, cosmetics, and more. This versatility expands the market potential.
4. Innovation in Production Processes: Advancements in production technologies enable manufacturers to produce cellulose fibers more efficiently and sustainably, thereby reducing production costs and environmental impacts.
5. Government Regulations: Favorable regulations and policies promoting the use of eco-friendly materials further stimulate the demand for cellulose fibers, encouraging manufacturers to invest in this market.

Industry Restraints:

1. Competition from Synthetic Fibers: Cellulose fibers face competition from synthetic alternatives like polyester and nylon, which often offer comparable properties at a lower cost. The dominance of synthetic fibers in certain applications poses a challenge to the growth of cellulose fibers.
2. Supply Chain Challenges: The procurement of raw materials for cellulose fiber production, such as wood pulp, can be affected by factors like fluctuations in wood prices, availability of sustainable sources, and transportation costs, impacting the overall production costs and supply chain stability.
3. Technical Limitations: Despite advancements, cellulose fibers may still lack certain properties compared to synthetic fibers, limiting their application in certain high-performance sectors like automotive and sportswear.
4. Volatility in Market Prices: The market for cellulose fibers can be susceptible to fluctuations in raw material prices, energy costs, and currency exchange rates, affecting the profitability of manufacturers and hindering market growth.
5. Consumer Awareness and Perception: While sustainability is a key driver, consumer awareness and perception regarding cellulose fibers’ environmental benefits may vary. Educating consumers about the advantages of cellulose fibers and dispelling misconceptions could be a challenge for market players.

Competitive Landscape

The cellulose fibers market comprises some key players such as

• Sappi group,
• Birla Cellulose,
• Tembec Inc.,
• The Lenzing Group,
• Thai Rayon Public Co. Ltd.,
• Tangshan Sanyou Group Xingda Chemical fiber Co. Ltd.,
• Fulida Group Holding Co., LTD.,
• Ioncell,
• Bacterial Cellulose Solutions,
• Manasi Aoyang Technology Co. Ltd.

Recent Developments

• Cellulose fibers are massively utilized within the textile industry, resulting in the rise of per capita income and increase in consumer spending throughout the world are driving the growth of the textile and clothing sector, which is expected to drive the growth of the cellulose fiber market during the evaluation period.
• The high cost of cellulose fiber has been a major impediment to the expansion of the global cellulose fiber industry. Moreover, the price of raw materials used in the production of cellulose fiber is volatile and changes on a regular basis, limiting their use in large-scale companies.
• The global cellulose fiber industry is known as highly capital-intensive owing to the significant investment in knowledge and cash. The industry’s biggest barrier is known as the large investment in research and development efforts for generating new technologies or products. Furthermore, frequent changes in raw material prices, diminishing cotton supply, and rigorous environmental regulations regarding forests imposed by governments around the world pose significant challenges to the sector.
• In 2022, Sappi committed to being a part of the solution and is working to decarbonize its operations. It will cease the use of coal at its German location in Stockstadt as the next step in its long-term global commitment to climate preservation and sustainable production. To that purpose, the mill’s current coal-fired Boiler 9 will be dismantled, and the mill will run solely on renewable biomass and natural gas.

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