Cellulosic Man-Made Fiber Market Analysis and Forecast by 2031

MARKET OVERVIEW

Cellulosic man-made fibers are those fibers that are obtained from plant pulps. Cellulosic man-made fibers are used in various applications which is due to their strength, low weight, and moisture absorbency properties. Manufacturers are focused on developing new and innovative fibers such as those with water retention for the textile industry to meet the growing consumer demand.

MARKET SCOPE

The "Global Cellulosic Man-Made Fiber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the cellulosic man-made fiber market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading cellulosic man-made fiber market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on the type, the global cellulosic man-made fiber market is segmented into viscose, acetate, lyocell, modal, and others.
  
•   Based on application, the global cellulosic man-made fiber market is segmented into apparel, home textile, industrial, and others.
  

MARKET DYNAMICS

Drivers:

•   The increase in demand for a cotton alternative as well as for biodegradable fabrics is driving the demand for cellulosic man-made fiber.
  
•   Along with this, the increasing pressure on fiber manufacturers to develop green and innovative fibers derived from plant sources instead of petrochemicals is expected to boost the demand for cellulosic man-made fiber.
  

Restraints:

•   However, due to high production cost as well as fluctuating cost of raw materials such as wood pulp is restricting the growth of cellulosic man-made fiber market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cellulosic man-made fiber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cellulosic man-made fiber market in these regions.

IMPACT OF COVID-19 ON CELLULOSIC MAN-MADE FIBER MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the chemical and material industry in various countries due to lockdowns, travel bans, and business shutdowns. Due to the lockdown implemented across various countries, the manufacturing units were closed as well as there were disruptions in supply chain of raw materials and key components which has had a negative impact on the cellulosic man-made fiber market. The apparel industry body Clothing Manufacturers Association of India (CMAI) estimated that if no assistance is provided by the government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain. Due to the COVID-19 pandemic the purchasing power of the people has been negative affected which has direct impact on construction, and textile industries, subsequently affecting the cellulosic man-made fibers market

MARKET PLAYERS

The report covers key developments in the cellulosic man-made fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cellulosic man-made fiber market are anticipated to provide lucrative growth opportunities in the future with the rising demand for cellulosic man-made fiber in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cellulosic man-made fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Celanese Corporation
  
•   CFF GmbH & Co. KG
  
•   Eastman Chemical Company.
  
•   Fulida Group Holding Co., Ltd
  
•   Grasim Industries Limited.
  
•   Kelheim Fibres GmbH
  
•   LENZING AG
  
•   Mitsubishi Chemical Corporation
  
•   Sateri
  
•   Vaisala
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cellulosic Man-Made Fiber Report Scope