The global cellulose fibers market is led by companies such as Lenzing AG, Indo-Bharat Rayon, Aoyang, Fulida, Sateri, Daicel, Grasim Industries Ltd., Tangshan, Thai Rayon, Helon, and KelheimFibers. According to Transparency Market Research, Lenzing, Fulida, and Grasim were the key players in 2011 and held a combined share of 36%.
“While product innovation to improve the quality of cellulose fibers remains a key strategy for cellulose fiber market players, integrating multiple levels of the industry’s value chain has also become increasingly popular,” TMR’s lead analyst said. Forward as well as backward integration is becoming increasingly popular in the global cellulose fibers market, with producers looking to enter the textiles industry and textile producers looking to acquire plants manufacturing cellulose fibers as well as the various chemicals required in processing.
According to Transparency Market Research, the total volume of the global cellulose fibers market is expected to reach 6,680.8 kilo tons by the end of 2016 and further rise to 7,814.1 kilo tons by the end of 2018.
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Production of Clothing to Remain Key Contributor to Global Cellulose Fibers Market
The key applications of cellulose fibers are clothing, spun yarn, and fabrics. Among these, the production of clothing accounted for more than 61.2% of the market in 2011 and is likely to remain similarly dominant throughout the forecast period. The annual consumption of cellulose fibers in the production of clothing is expected to rise to 4,817.8 kilo tons by the end of 2018.
Geographically, Asia Pacific is the leading contributor to the global cellulose fibers market. The regional market accounted for more than 45% of the global market in 2011 and is likely to increase its lead at the top by the end of 2018. Europe follows Asia Pacific in the geographical hierarchy of the global cellulose fibers market and is likely to account for close to a third of the global market by the end of 2018.
Booming Textile Industry Drives Demand for Cellulose Fibers
One of the key drivers for the global cellulose fibers market is the growing demand from the textiles industry. Due to the increasing disposable income of consumers across the world, the global textiles industry has experienced steady growth in the last few years and is likely to expand further in the coming years due to the increasing GDP of emerging countries such as the BRICS countries. This will remain a key driver for the global cellulose fiber market in the coming years due to the significant consumption share of the clothing sector in the market.
The increasing production of wood pulp, the key raw material in the production of cellulose fibers, is another influential driver for the global cellulose fibers market. Wood pulp production has grown steadily in the last decade, with a notable feature being the proliferation of new players entering the industry. This has served the dual purpose of reducing the bargaining power of suppliers in the cellulose fibers market and improving the profit margins for players operating in it, despite significant volatility in the prices of wood pulp.
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Government Initiatives to Reduce Deforestation Emerging as Key Restraint for Cellulose Fibers Market
The global cellulose fibers industry is restricted primarily by the increasing number of government initiatives aimed at protecting existing forests. This has forced many producers of cellulose fibers to acquire wood pulp from plantations rather than naturally occurring forests, which increases their expenditure.
The information in this preview comes from a Transparency Market Research report titled ‘Cellulose Fibers Market - Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 - 2018.’
The global cellulose fibers market is segmented as follows:
Cellulose Fibers Market: Applications Segment Analysis
- Spun Yarn
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