High demand for biodegradable, environment-friendly, versatile, and cost-effective materials from end-use industries is a key factor that stimulates demand from the global cellulose fibers market. With rise in awareness about the rise in carbon footprint, excessive oil dependence, and fuel sustainability, the demand for cellulose fibers is expected to surge substantially. Industry research and trends signal at growth of global market for textiles focused on biodegradable, eco-friendly, and skin-friendly fabrics.
The rise in demand for sustainable fabrics would in turn lead to the growth of the global cellulose fibers market in the years to come. The global cellulose fibers market is segmented on the basis of applications and geography. On the basis of application, the cellulose fibers market is segmented into clothing, spun yarn, fabrics, and others including tapes, sealants, and adhesives. The other end-use industries for this market are carpet production and the paper industry. With demand exceeding 50 per cent of the total, clothing is the largest end-use segment of the global cellulose fibers market. This segment is anticipated to expand rapidly at a 7.3 per cent CAGR between 2012 and 2018. Viscose, corn fibers, tencel, lyocell, modal, and rayon are the different forms in which cellulose fibers are applied in industries.
The apparel industry uses rayon, since it is a highly absorbent material. Rayon and its variants are also used for producing home furnishings such as carpets and curtains. The global cellulose fibers market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific dominated the global cellulose fibers market in 2011 with a market share of 45.3 per cent. It is anticipated that the Asia Pacific cellulose fibers market will grow rapidly from 2012 to 2018, at an 8.1 per cent CAGR. The expanding textile markets in India and China drive the Asia Pacific cellulose fibers market.
Indo-Bharat Rayon, Aoyang, Shandong Helon Textile Sci. & Tech, KelheimFibres, Fulida, TangShanSanyou, Lenzing AG, and Sateri are a few prominent companies operating in the global cellulose fibers market.