Dublin, Nov. 29, 2022 (GLOBE NEWSWIRE) -- The "Global Regenerated Cellulose Market by Type (Fibers (Viscose, Lyocell, Modal), Films), Manufacturing Process, Source, End-user Industry (Fabrics, Automotive, Agriculture, Packaging) and Region (North America, Europe, APAC, Rest of the World) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Regenerated Cellulose market size is estimated to be USD 18.0 Billion in 2022 and is projected to reach USD 27.3 Billion by 2027, at a CAGR of 8.7% Fabrics That Are Soft
The regenerated cellulose can be used either as fibers or as a film. These fibers are further segmented into various types such as viscose, modal, lyocell, and others, all can be made using different chemical processes. The properties such as highly absorbent, easily washable, soft, smooth, comfortable to wear, good draping ability, and others are widely used to find applications in various end-use industries.
Owing to the recovery of several end-use industries such as fabric, automotive, and agriculture, from the COVID-19 pandemic, and the increasing demand for fashionable items and penetration of electric vehicles (EVs) worldwide is projected to increase the demand for regenerated cellulose in the forecast period.
By Type, Fibers segment accounted for the highest CAGR during the forecast period
Fibers are estimated to be the fastest growing market during the forecast period owing to rising demand for eco-friendly products which helps to enhance sustainability. The regenerated cellulosic fibers have some excellent properties such as high wet tenacity, good absorbency, soft, lustrous, easily dyeable, biodegradability, good drape ability, and others which helps them to use as an alternative to synthetic fibers.
By End Use Industry, Fabric Industry accounted for the highest CAGR during the forecast period
Fabric Industry is estimated to be the fastest growing market for regenerated cellulose market due to the increasing usage of the wide variety of fashionable dresses, ethnic wear, inner wear, outerwear, sportswear, beddings, rugs, draperies, carpets, curtains, blankets, cushions, and many more. As these fabrics are very comfortable, soft, and lustrous, have good breathability, good absorbency, and others, which help to increase the usage of the regenerated cellulose.
By Manufacturing Process, NMMO process accounted for the highest CAGR during the forecast period
NMMO process is the fastest growing manufacturing process market segment owing to the increase in the demand for lyocell fibres in several end-use industries such as fabrics and automotive.
By Source, Recycled/De-inked Pulp accounted for the highest CAGR during the forecast period
Recycled/ De-inked pulp is the fastest growing source segment. Increasing issue of deforestation due to excessive cutting of trees and rising problem of soil erosion has leads to the scarcity of wood pulp in some regions such as Asia Pacific, and Europe. Therefore, the demand for regenerated cellulose derived from recycled pulp is rapidly growing in these regions.
APAC is projected to account for the highest CAGR in the regenerated cellulose market during the forecast period
APAC is estimated to be the fastest growing market for regenerated cellulose during the forecast period. Regenerated Cellulose markets are estimated to register significant growth in India, China, and Japan, due to their strong demand from end-use industries such as fabric, automotive, agriculture, packaging, and others.
The growth of the Asia Pacific regenerated cellulose market is driven by the economic growth of countries such as China and India. Increasing awareness regarding sustainability, eco-friendly, and other end-use industries in the region supports the growth of the market. Moreover, the growing demand from major end-use industries in the region further boosts the growth of the regenerated cellulose market.
The Regenerated Cellulose market includes major manufacturers such as Sateri (China), Sateri, Lenzing AG (Austria), Grasim Industries Limited (India), Kelheim Fibres GmbH (Germany), Fulida Group (China), and Eastman Chemical Company (US) are the key players operating in the regenerated cellulose market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies selected by these key players to boost their positions in the regenerated cellulose market.
Fibers Segment Accounted for Larger Share of Regenerated Cellulose Market in 2021
Viscose Fibers Accounted for Largest Market Share in 2021
Fabrics Segment Accounted for Larger Market Share Than Automotive Segment in 2021
Viscose Manufacturing Process Captured Larger Market Share Than Nmmo Process in 2021
Wood Pulp Segment Accounted for Larger Market Share Than Non-Wood Pulp Segment in 2021
Asia-Pacific Captured Largest Share of Regenerated Cellulose Market in 2021
Rising Demand for Man-Made Fibers in Fabrics Industry to Drive Market Growth
Fibers and China Accounted for Largest Share of Regenerated Cellulose Market, by Type and Country, Respectively, in 2021
South Africa to Register Highest CAGR in Global Regenerated Cellulose Market
Surging Use of Man-Made Cellulosic Fibers in Textile and Apparel Products
Increasing Focus of Automotive Industry on Reducing Carbon Footprint
Rising Demand for Biofibers Having Minimal Resistance to Environmental Degradation
Increasing Adoption of Rayon as Substitute for Silk and Cotton
Scarcity of Raw Materials, Along with Capital-Intensive Business Operations
Availability of Cheaper Substitutes Such as Synthetic Fibers
Adoption of New Technologies to Produce and Dissolve Regenerated Cellulose
Use of Regenerated Cellulose Fibers in Personal Care and Hygiene Products
Stringent Rules and Regulations with Respect to Cellulose Acetate Products
Rising Focus of Manufacturing Firms on Achieving Net-Zero Emission Targets by 2050
Century Textile and Industries Limited
Hubei Golden Ring New Materials Tech Limited
Xinxiang Chemical Fiber Co., Ltd.
Jiangsu Aoyang Technology Corporation Limited
Quick Dry Shirt Material For more information about this report visit https://www.researchandmarkets.com/r/5tq1xc