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Cellulose Market Size

Report ID: GMI4854
Published Date: Nov 2020
Report Format: PDF

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Cellulose Market Size

Cellulose Market size was valued at USD 211.68 billion in 2019 and is estimated to exhibit 2.9% CAGR from 2020 to 2026. The rising paper production along with increasing adoption of the cellulose fiber in textile industry in the emerging economics is expected to drive the market growth.

Cellulose has long been used to make clothing products in the textile industry such as rayon, for which is manufactured from pulp or cellulose. Cellulose fibers can also be produced by an industrial process, by the extraction of cellulose from plant materials, dissolution, and regeneration.

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The most important raw material used is wood; therefore, these fiber types are also summarized as wood-based fibers. Moreover, cellulose acetate is also utilized in the manufacturing of the paper or nonwoven polymers, which can be used in the textile industry as a fiber to manufacture clothing, which will further strengthen the cellulose market share.

Cellulose Market Report Attributes
Report Attribute	Details
Base Year:	2019
Cellulose Market Size in 2019:	211.6 Billion (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	2.9%
2026 Value Projection:	238.99 Billion (USD)
Historical Data for:	2016 to 2019
No. of Pages:	375
Tables, Charts & Figures:	447
Segments covered:	Source, Modification, Manufacturing Process, Purity, Application and Region
Growth Drivers:	Increasing usage of cellulose paper production worldwide Increasing demand for forest-based textile fibers Rising product demand from food & beverage industry Strong growth indicators in pharmaceutical industry in the U.S. Robust growth in the personal care industry in Asia Pacific
Pitfalls & Challenges:	Availability of product substitutes in the industry

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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global cellulose industry size valued at USD 211.68 billion in 2019 and is poised to grow at 2.9% CAGR through 2026 owing to the rising paper production coupled with increasing adoption of cellulose fiber in the textile industry in developing economies.

The naturally sourced cellulose revenue is valued at USD 190 billion in 2019. As it is easy to process and used in numerous end-use industries like textile and packaging, the segment is expected to witness substantial growth.

The paper application is estimated to grow at over 3% CAGR through 2026 due to the growing use of cellulose in paper production as it reduces the paper’s drying time and improves quality.

The Asia Pacific share is projected to expand at over 3% CAGR through 2026 owing to the mounting demand for printed books, clothing, pharmaceutical products, and packaging.