Global Cellulose Fibers Market to Grow at 9.8 CAGR between 2012 - 2018

 

A new Transparency Market Research (Albany, N.Y., USA) report released yesterday (October 5) said that the biggest application segment with the highest contribution in the overall cellulose fibers market is that of clothing. This segment accounts for more than 50% of cellulose fibers produced all across the globe. Tencel, Iyocell, viscose, modal, and rayon are some of the various regenerated forms of cellulose fibers that are widely used in the clothing industry today. 

Back in 2011, the global cellulose fibers market was dominated by the Asia Pacific both in terms of volume and revenue. The Asia Pacific market will be growing at a healthy CAGR of 8.1% between the years 2012 - 2018, and will continue to lead the global cellulose fibers market. The growth of the Asia Pacific cellulose fibers market can be attributed to rising demand for cellulose fibers from the textile industries of countries like India and China. The mature cellulose fibers market in Europe and North America is expected to grow at a slower rate than the Asia Pacific cellulose fibers market.

 

The main challenge Transparency Market Research identified in their report possibly facing this market is global higher cost of production - a consequence of greater environment-based regulatory measures. Also a continuing factor is the expected fluctuating prices of wood pulp through 2018.