Rising textile industries and growing demand of automobiles are expected to drive the demand for the Regenerated Cellulose market in the forecast period, 2023-2027.
According to TechSci Research report, “Regenerated Cellulose Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global regenerated cellulose market is anticipated to grow at an impressive rate in the upcoming period, 2022-2027. Rayon is a standard term for regenerated cellulose fiber such as modal, Viscose, Tencel, triacetate, and others. Due to similar characteristics to cotton, it absorbs water from the skin and provides desirable comfort. According to a report, in 2021, the production of regenerated cellulose fiber is expected to be 7.1 million metric tons annually, which is 9.2% higher than last year. It can be interpreted that the regenerated cellulose market will increase in the upcoming year. Apart from these, scarcity of raw materials, a limited number of productions, and environmental factors are other factors expected to hinder the market’s growth through 2027.
Around the world, government and private agencies are running different initiatives to use eco-friendly products, driving market growth. Growing demand from various industries such as textile, automobile, agriculture, packaging, and others influences growth. Moreover, its versatile use for different purposes, technological advancement, favorable government policies, and the marketer’s effort will impact the market’s growth. Recognizing the above factor, It is expected that the need for regenerated cellulose will rise in the anticipated year. As per the report, the market value of United State America regenerated cellulose fibers is forecasted to reach 4.5 billion U.S. dollars in 2025. Thus, the demand for regenerated cellulose fibers in the USA for the projected period will increase.
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The Global Regenerated Cellulose Market is segmented based on type, source, and end-user industry.
Based on type, the market is divided into fiber and film. Fiber is expected to hold the largest market share in the forecast period, 2023-2027. Among its categories, the fiber contains some exceptional properties such as high wet tenacity, good absorbency, soft, lustrous, easily dyeable, biodegradability, good drape ability, and others that help fiber segment as the best substitute over synthetic fibers.
Based on source, the market is divided into wood-pulp, non-wood-pulp, and recycled pulp/de-inked pulp. As per estimates, the wood-pulp segment will experience the highest market share during the forecast period. The high stretchable strength, wet resistance, excellent captivating capacity, and high scratch resistance make products that customers want and need. Apart from these, it is used to make ropes, tire cords, and different things.
Based on the end-user industry, the market is divided into textile, automotive, packaging, agriculture, and others. The automobile segment will experience the highest market share during the forecast period. The textile segment holds the highest market share in its end-user industries in the forecasted period. As the product is eco-friendly and has cotton-like features, make this product a very demandable product in the segment. Due to its versatile fabric range, it is used to make blankets, innerwear, sportswear, fashionable dresses, curtains, carpets, and different types of dresses.
Major operating companies operating in global regenerated cellulose market are:
- Grasim Industries Limited
- Lenzing AG
- GP Cellulose, LLC
- Eastman Chemical Company
- Fulida Group
- Kelheim Fibres GmbH
- CFF GmbH & Co. KG
- Century Textile and Industry Limited
- Celanese Corporation
- Asahi Kasei Corporation
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” The Asian-pacific region is expected to dominate the global regenerated cellulose market due to the growing population & their growing disposable income, people awareness, and favorable government policies. The global regenerated cellulose market is expected to grow at an impressive rate due to growing demand for rising textile industries and the growing demand for automobiles. The report published by the government of India state that the global market size of apparel is projected to be 2600 billion USD in 2025 and is expected to grow at 4% CAGR per year. European Union, the United States of America, and China collectively hold 54%. Thus, the demand for rayon used in the production of products and accessories will be directly influenced by the growth of the regenerated cellulose market in the projected year.
Additionally, growing demand from various industries such as textile, automobile, agriculture, packaging, and others influences growth. Moreover, its versatile use for different purposes, technological advancement, favorable government policies, and the marketer’s effort will impact the market’s growth and propels the global regenerated cellulose market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Regenerated Cellulose Market, 2027- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (Fiber, and Film), By Source (Wood-Pulp, Non-Wood-Pulp, and Recycled Pulp/De-inked Pulp), By End User Industry (Textile, Automotive, Packaging, Agriculture, Others), By Company (2021) and By Region, has evaluated the future growth potential of Global regenerated cellulose Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global regenerated cellulose market.”
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