Cellulose Fiber Revenue to Attain USD 66.64 Billion by 2033


23 Oct 2024

Share : linkedin twitter facebook

The global cellulose fiber market revenue was valued at USD 43.72 billion in 2024 and is expected to attain around USD 66.64 billion by 2033, growing at a CAGR of 4.79% during forecast period. The demand for sustainably sourced material is increasing, which is the key factor driving market growth.

Cellulose Fiber Market Statistics

Market Overview

The natural fiber known as cellulose fiber is made from cellulose, which is a crucial part of plant cell walls. Although it may also be produced from flax, cotton, and hemp, it is typically derived from wood pulp. These fibers are renowned for being environmentally friendly, renewable, and biodegradable. Cellulose fiber may be used to make technical textiles with physical characteristics and a specific function. Throughout the technical textile supply chain, ongoing environmental concerns have led to a transition toward more environmentally friendly techniques.

Report Highlight of the Cellulose Fiber Market

  • By product, the synthetic products segment dominated the market in 2023. The dominance of the region can be attributed to the scalability, cost-effectiveness, and superior performance provided by artificial fibers.
  • By product, the natural products segment is anticipated to grow at a significant rate over the projected period. The growth of the segment can be driven by a rising focus on eco-friendly sustainable practices.
  • By application, in 2023, the textile segment led the cellulose fiber market by holding the largest market share. The dominance of the segment can be credited to the wide range of consumers of cellulose fibers in the textile industry.
  • By application, the industrial segment is expected to witness notable growth during the projected period. The growth of the segment is linked to the advancements in cellulose fiber technology. 

Various benefits of cellulose fibers

Growing demands for natural fibers across different industries like construction, textile, and others are the key factors fuelling the growth of the market. The utilization of oils, natural fibers, and resins provides a complete set of innovative prospects for farming activities. Additionally, the increasing startup's bacterial cellulose substance acts as an obstacle to bacterial invasion that relieves pain.

  • In February 2024, MALVERN, Pa Saint-Gobain announced that it had acquired the business assets of International Cellulose Corporation (ICC), a privately owned producer of commercial specialty insulation products, such as Insulation spray-on thermal and acoustical finishing systems.

Growing usage for construction purposes

Cellulose fibers are widely utilized in construction industries. They are extensively used in the construction and building sector to protect structures from any outside damage. Moreover, the growth of end-use industries, along with the rise in population and urbanization, will boost the market expansion further. Also, rapid industrialization in developing economies like India and China will propel the growth of the cellulose fiber market shortly.

Increasing demands for eco-friendly solutions

Favorable government initiatives related to environmental regulations that raise demand for eco-friendly solutions will likely create market opportunities in the future. Furthermore, the increasing need for wood pulp processing from plant sources can also contribute to this growth. The major market players are also working towards the development of new products through advanced research activities.

Regional Analysis

Asia Pacific dominated the cellulose fiber market in 2023. The dominance of the region can be credited to the increasing demand for textile products from neighboring countries like India and Bangladesh. Furthermore, well-established textile sectors in the region provide a major consumer base to the cellulose fibers market. Asia Pacific has abundant resources a key input for cellulose fiber production.

North America held a significant share of the market in 2023. The growth of the region can be attributed to the rising demand for fashion apparel designed from biodegradable fibers. The region is also home to wide forestlands providing a sustainable and strong supply of wood pulp which is the prime raw material for fibre production. However, the growing domestic market for this product, particularly in sectors like textiles, hygiene, and construction, is driving market growth in the region.

Cellulose Fiber Market Coverage

Report Attribute Key Statistics
Market Revenue in 2024 USD 43.72 Billion
Market Revenue by 2033 USD 66.64 Billion
CAGR 4.79% from 2024 to 2033
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2023
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Market News 

  • In June 2023, Birla Cellulose, a unit of Grasim Industries Limited and part of the Aditya Birla Group, launched its latest innovation, Birla SaFR, at ITMA Milan, Italy. This groundbreaking product marks a substantial milestone in Birla Cellulose's strategic vision to provide products for the technical textile industry.
  • In April 2024, Marubeni Corporation unveiled the MALOOP PROJECT and made public a Project website. The MALOOP PROJECT is an initiative to facilitate environmentally friendly businesses that aim to promote sustainable development in the textile industry.

Market Segmentation

By Product

  • Natural
  • Synthetic

By Application

  • Textile
  • Hygiene
  • Industrial
  • Others

Get this report to explore global market size, share, CAGR and trends, featuring detailed segmental analysis and an insightful competitive landscape overview@ https://www.precedenceresearch.com/checkout/5157

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 804 441 9344

Related Reports