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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.
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.
What factors will boost the growth of the global cellulose market size through 2026?
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.
Why will naturally source cellulose help increase the global cellulose industry share?
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.
How will paper applications influence the growth of the global cellulose market share?
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
How is the global cellulose industry revenue expected to flourish in the Asia Pacific region?
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.