Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Global cellulose fibres market to grow 9.80 percent by 2018

A new research report published by Transparency Market Research suggests that the global cellulose fibres market is expected to grow at a CAGR of 9.80 per cent from 2012 to 2018. In the report, titled “Cellulose Fibres Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 - 2018”, industry experts have brought in a fresh perspective on the dynamics governing this market.

According to the report, the global cellulose fibres market was valued at $12.6 billion in 2011 and is expected to reach $24.1 billion by 2018. This stupendous growth will largely be attributable to changing lifestyles that are demanding environmentally-friendly fabrics. The increasing demand from the textile industry for biodegradable and skin- and environment-friendly fabrics is the primary driving force for the global cellulose fibres market. In addition to this, demand from end-use industries that are trying to replace petrochemical fibres with cellulose fibres is also pushing the global cellulose fibres market towards success.

Despite the powerful market drivers, the global cellulose fibres market is being restrained by fluctuating wood pulp prices. This market is also being held back by tough regulatory issues related to environmental concerns. However, as the concept of manufacturing cellulose fibres by using renewable sources materialises, it will create a new opportunity for this market. The market is segmented on the basis of application and geography. The applications of cellulose fibres are seen in spun yarn, fabrics, clothing, and others such as sealants, tapes, and adhesives. Geographically, this market is divided into Europe, North America, Asia Pacific, and Rest of the World.

The biggest consumer of cellulose fibres is the clothing industry, which held a share of 60 per cent in 2011. Analysts predict this will also be the fastest growing segment in the forecast period, as regenerated forms of cellulose fibres such as tencel, rayon, lyocell, modal, corn fibres, viscose, and many others forms are extensively used in the clothing industry. This segment is estimated to grow at a CAGR of 7.60 per cent from 2012 to 2018. In terms of volume, the demand for cellulose fibres used in making spun yarn is calculated to reach a whopping 953.1 kilo tons by 2018, pacing ahead at a steady CAGR of 7.30 per cent from 2012 to 2018.

www.transparencymarketresearch.com/cellulose-fibers-market.html

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo