The new report by Expert Market Research titled, ‘Global Cellulose Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global cellulose market, assessing the market based on its segments like sources, derivative types, purities, end-uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.1%
Cellulosic materials have several applications in thermo-reversible and tenable hydrogels, coating additives, paper making, flexible screens, food packaging, optically transparent films, and lightweight materials for ballistic protection and automobile windows. This is expected to propel the market growth in the forecast period.
The rising paper production and the increasing adoption of cellulose fibre in the textile industry in emerging economies are expected to drive the global market growth. Moreover, there has been significant growth in the textile industry due to an increase in consumer inclination toward comfortable clothing, resulting in increasing demand for high-value fabrics, such as hemp, silk, and viscose. The technology advancements will further accelerate the sales of textile fibres, which is expected to observe a significant growth in the foreseeable future.
Industry Definition and Major Segments
Cellulose has advantages over synthetic fibres and has the potential to replace fossil-based products, that are known to be harmful to the environment. Water and the bulk of organic solvents are insoluble in cellulose. It shows good chemical stability, mechanical properties, biocompatibility, hydrophilic and biodegradation properties.
By source, the market is segmented into:
o Tree Wood
By derivative type, the market is classified into:
• Commodity Cellulose Pulp
• Cellulose Fibres
• Cellulose Ethers
• Cellulose Esters
• Microcrystalline Cellulose
By purity, the market is divided into:
• Above 95%
• 85%- 95%
• Below 85%
By end use, the market is classified into:
• Paper and Pulp
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Cellulose foams are being employed in the fabrication of packaging reels to replace polystyrene-based products. The main benefit of employing cellulose instead of wood-based pulp fibres is that CNF may strengthen the thin cells in the starch foam, replacing fossil-fuel-based polymer reels with a lighter sustainable material.
This will have a positive impact on the cellulose market. Substantial demand for printed books, clothing, pharmaceutical products, and packaging, especially essential goods, will contribute to the high revenue generation due to the rising disposable income and standard of living. Further, improvements in the education system and the growing demand for printed books across developing countries, including India and Thailand, will propel the cellulose market revenue over the forecast span.
Key Market Players
The major players in the market are International Flavors & Fragrances Inc. (Dupont De Nemours, Inc.), Eastman Chemical Company, Daicel Corporation, MACHEREY-NAGEL GmbH & Co. KG, and Celanese Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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