Cellulose Fiber Market Update, Analysis, Forecast, 2019 – 2024

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Cellulose Fiber Market Growth Outlook with
Industry Review and Forecast 2019-2024
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Global Market Scenario of Cellulose Fiber Industry

• Global cellulose fiber market will be chiefly
  driven by high growth in the textiles apparel
  industry as these fibers are extensively used in
  apparel and textile production.
• Growing world population and rising income levels
  have led to a robust demand for apparels by a
  fashion-conscious consumer base.
• This trend is increasingly visible in developing
  countries of Asia Pacific and Latin America where
  economic development has resulted in a notable
  increase in disposable income among its citizens.
  
• Frequently evolving fashion trends coupled with
  competitive pricing has resulted in a noteworthy
  growth in the apparels industry and in 2015 this
  sector earned a revenue above USD 1 trillion.
• Textiles and apparels industry is expected to
  grow further during the forecast timeframe and
  will propel the global cellulose fiber market
  growth.

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• Cellulose Fiber Market will likely surpass USD
  39.8 billion by 2024 according to this new
  research report.
• Environment friendly nature of these fibers will
  also be a contributing factor for the global
  cellulose fiber market in coming years. Compared
  to other petrochemical based fibers like
  polyester and nylon, cellulose fibers are
  eco-friendly and easily bio-degradable as they
  are made from natural sources like wood, leaves,
  barks, etc.
• These properties make it a better and safer
  alternative to conventionally used fibers and is
  expected to augment the global cellulose fiber
  market during the forecast timeframe.

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360 Industry Analysis

• Asia Pacific is the fastest growing cellulose
  fiber market with a CAGR of 9.5 and its market
  worth will likely exceed USD 15 billion by 2024.
  Presence of many of apparel and textiles
  manufacturers in the region coupled with high raw
  material production will drive the industry
  growth in this region.
• Europe is also a significant cellulose fiber
  market and its value will likely increase to USD
  10 billion by 2024. The region is expected to
  witness a growth rate of 9 CAGR.
•  

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• Competitive Analysis
• Global cellulose fiber market is consolidated
  with six major players contributing as much as
  50 of the total share. Many companies have
  integrated along the value chain while engaging
  in manufacture of processing chemicals,
  production of fibers along with textiles, yarns
  and fabrics.
• Top manufacturers in global cellulose fiber
  market include Grasim Industries, Lenzing SA,
  Fulida, Aoyang, Tangshan Sanyou, Shandong Helon,
  Thai Rayon, Sateri, Daicel Corporation,
  Indo-Bharat Rayon, Kelheim Fibres GmbH, etc.

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Latest Research Report On Cellulose Fiber Market
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