Cellulose Market to Grow $305.08 Bn by 2026 with 4.2% CAGR | Fortune Business Insights™
Key companies covered in cellulose market are Daicel Corporation, Sigma Aldrich, DuPont De Nemours Company, Akzo Nobel, Ashland inc., Celanese Corporation, International Paper, Fulida Group Holding Co., Ltd., Nylstar S.L., FiberVisions Corporation, Invista, Bracell, Sigachi Industries Pvt. Ltd., FMC Biopolymer, Eastman Chemical Company, Rayonier Inc., Lenzing AG, and Other Key Players
Pune, India, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Fortune Business Insights™ shares detailed information in its research report, titled “Cellulose Market Size, Share and Regional Forecast, 2019-2026.”
The global cellulose market size is expected to foresee exponential growth exhibiting a CAGR of 4.2% between 2019 and 2026. This is ascribable to factors such as increasing research and development activities to produce sustainable products and product innovation by the companies. The market is anticipated to reach $305.08 Billion by 2026. Furthermore, the market was worth $219.53 Billion in 2018 as per the findings of the report.
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Cellulose is insoluble in water and the majority of organic solvents. It shows good chemical stability, biocompatibility, mechanical properties, and hydrophilic and biodegradation properties. The structural and physical properties of cellulose have drawn significant attention for multiple applications, including films, packaging, paper, building and coating materials, advanced materials, food, drugs, and flexible electronics. Cellulose has long been used to make clothing products in the textile industry such as rayon, for which is manufactured from pulp or cellulose.
What does the Market Report Offer?
The cellulose market report offers an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the cellulose industry between 2019 and 2026.
Furthermore, the competitive landscape has been discussed in-depth that include information on several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
Report Scope & Segmentation:
2026 Value Projection
USD 305.08 Billion
Cellulose Market Size in 2018
USD 219.53 Billion
No. of Pages
By Type, End-user and Regional Insights
Cellulose Industry Growth Drivers
Increasing Demand from Chemical Synthesis Industry in Asia-Pacific to Propel Growth
Increasing Focus on Research & Development Activities Globally to Stoke Demand
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List of the Companies Operating in the Market:
DuPont De Nemours Company
Fulida Group Holding Co., Ltd.
Sigachi Industries Pvt. Ltd.
Eastman Chemical Company
Other Key Players
Collaboration Strategies by the Companies to Boost Demand
According to Fortune Business Insights, the players are highly organized and trying to maintain their position in the fiercely competitive global marketplace. They are doing so by adopting strategies such as merger and acquisition, collaboration, and forging partnerships. For instance, in January 2020, the Anhui Guozhen Group announced its collaboration with Chemtex to develop an operational commercial plant for the production of cellulosic ethanol. According to the company, the upcoming plant is expected to be developed at the Anhui province of China with a yearly capacity of producing 50 KT cellulosic ethanol.
Drivers and Restraints:
Product Innovation to Surge Demand
Companies are coming up with developing innovative products owing to the wider application of cellulose. In addition to this, the development of novel cellulose-based products to drive market growth during the forecast period. For instance, in May 2020, Sappi, a South African-based pulp & paper company, developed a bio-composite cellulose fiber that was derived from the forests to produce lightweight materials for automotive. According to the company, the lightweight biocomposite materials will enable the manufacturers to produce lightweight vehicles that will substantially decrease total carbon footprint reducing CO2 emissions.
Pharmaceutical Segment to Gain Significantly
The segment pharmaceutical (By End-Use Industry) is expected to witness steady growth during the forecast period. This is attributable to factors such as the high adoption of cellulose as a dietary fiber source. The paper & pulp segment will witness exponential growth owing to the large manufacturing of paper-based products such as napkins, tissues, and wet wipes. Furthermore, the widespread effects of the novel coronavirus, COVID-19 have propelled millions of people to practice safe and hygienic practices by adopting tissues and wet wipes largely. This will aid the market growth in the near future.
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Expansion of Construction Industry in Asia-Pacific to Aid Growth
Among the regions, the market in Asia-Pacific will witness significant growth during the forecast period. This is ascribable to factors such as increasing demand from the construction, food, and chemical industry in the region. Moreover, large production of cellulose derivatives in countries such as India and China is likely to lead the market to generate high global cellulose market revenue in the forthcoming years.
North America is likely to experience significant growth during the projected horizon. This is attributable to factors such as the high utilization of cellulose-based products in countries such as the U.S. The market in Europe will witness steady growth owing to the increasing demand for the product from the pharmaceutical industry between 2019 and 2026.
Detailed Table of Content:
Definitions and Assumptions
Key Emerging Trends – For Major Countries
Key Developments: Mergers, Acquisition, Partnership, etc.
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Global Cellulose Industry Analysis, Insights, and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights, and Forecast – By Derivative Type
Commodity Cellulose Pulp
Market Analysis, Insights, and Forecast – By End-Use Industry
Paper & Pulp
Paints & Coatings
Market Analysis, Insights, and Forecast – By Region
Middle East & Africa
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