Cellulosic Man-Made Fibers Market size is forecast to reach $25 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Cellulosic man-made fibers are semi-natural fibers that are chemically treated to have high strength and good absorbent properties for its use in various industries such as textile and medical. Cellulosic fibers are extensively used in various applications including spun yarn, fabrics and textiles. Increasing demand for a high-quality product with good durability and strength is driving the growth of cellulosic man-made fibers market globally. Moreover, environmental concerns and government regulations also boost the growth of the cellulosic man-made fiber market.

Key Takeaways

Asia-Pacific dominates the cellulosic man-made fibers market owing to increasing demand from applications such as apparel and medical products.

Properties such as durability, high strength, anti-bacterial, and smoothness are the major factors driving the growth of cellulosic man-made fiber market.

An increase in environmental concerns and sustainability has also contributed to the growth of the cellulosic man-made fibers market.

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Geography- Segment Analysis

APAC dominated the cellulosic man-made fibers market with a share of more than 41%, followed by North America and Europe in 2019. An increase in population coupled with rapid industrialization has driven the growth of cellulosic man-made fibers market in these regions. Due to the lower cost as compared to natural fibers, they are in huge demand in emerging economics nations. Additionally, rise in disposable income and high standard of living has also accelerated the use of cellulosic man-made fibers for making jackets, gloves and sports equipment. According to India Brand Equity Foundation (IBEF), the Indian textile and apparel industry is valued at around US$ 36.63 billion in 2017 and is expected to increase to US$ 82 billion in 2021, further fueling the demand for man-made cellulosic fibers in the Indian market. Moreover, government regulations to minimize the use of non-degradable fibers contribute to the growth of the market.

Drivers – Cellulosic Man Made Fibers Market

Exceptional advantages over natural fibers

Biodegradability

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the cellulosic man-made fibers market. Major players in the cellulosic man-made fibers market are Baoding Swan Fiber Co., Ltd., Century Rayon Limited, Daicel Chemical Industries Ltd., Celanese Corporation, Grasim Industry Limited, Lenzing Corporation, Mitsubishi Rayon Co. Ltd., Nantong Cellulose Fiber Co Ltd, Glanzstoff Austria GmbH & Co. KG, Eastman Chemical Company, among others.

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