Cellulose Market Size

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.

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.