Cellulose Market to Witness Tremendous Growth in Forecasted Period 2021-2026

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Cellulose Market Is Booming Worldwide 2021-2026
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Global Market Scenario of Cellulose Industry

• According to a report published by Global Market
  Insights, Inc., the global cellulose market was
  accounted at 211.68 billion in 2019 and is
  estimated to surpass 235 billion by 2026,
  registering a CAGR of 2.9.
• Growing requirement for paper-based products like
  paper packaging and bags will amplify the
  manufacturing of cellulose. Being green and
  sustainable, cellulose-based paper products are
  steadily gaining acceptance across diverse
  industries owing to its recyclability,
  functionality, and biodegradability.
• Based on its manufacturing process, the viscose
  manufacturing segment is expected to observe over
  3 CAGR by 2026. This growth is attributed to
  superior productivity and lower production cost
  of the process. This manufacturing process is
  extensively used for making products for the
  textile and paper industries. The process is
  highly adopted due to the ability of forming
  compact structure and easy availability of
  material along modest price compared to others.

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• Manufacturers and suppliers of cellulose are
  constantly focusing on taking strategic
  initiatives like investing in increasing
  production capacity and their presence in the
  local markets. For instance, Shin-Etsu Chemical
  company finished the construction of a new
  cellulose plant called Shin-Estu Chemicals
  Naoetsu in 2019, in Japan.
• Along with this, many manufacturers have
  established a highly administered form of
  nanomaterials cellulose, which are more strong,
  durable, and lighter manufactured material for
  clothing. This has assisted manufacturers to
  invest in technology related to natural materials
  for manufacturing clothing textiles.
• Speaking of the current pandemic, many cellulose
  manufacturers are concentrating on the
  regionalization of raw materials as it is not
  viable to be dependent on a single supplier for
  materials as it can impact supply needs of the
  company.
• Based on region, Latin America is expected to
  garner around 2 CAGR in cellulose market share
  globally by 2027. The market in Brazil is
  estimated to hold an optimistic outlook from the
  packaging and textile industry.

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360 Industry Analysis

• Meanwhile, construction of new cellulose plants
  may favor the regional textile industry. In 2019,
  the Lenzing Group and Duratex formed a joint
  venture to construct a dissolving wood pulp plant
  in Brazil with an aim to support Lenzings
  production of bio-based fibers. The plant is
  expected to commence operation in the first half
  of 2022 and will produce dissolving wood pulp
  which is used as a key raw material in the
  manufacture of wood-based cellulosic fiber, that
  is utilized in the textile sector.
•  

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• Competitive Analysis
• Bracell, Daicel Corporation, Eastman Chemical
  Company, Dupont De Nemours, Inc., NEC
  Corporation, MACHEREY-NAGEL GmbH Co. KG,
  Celanese Corporation, ENKA GmbH Co.KG, LENZING
  AG, Kelheim Fibres GmbH are some of the key
  players operating in the Cellulose Market.

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