The regenerated cellulose can be used either as a fiber or as a film. These fibers are further divided into different types like viscose, modal, lyocell and others, all of which can be made using different chemical processes.
New York, Sept. 30, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, Regenerated Cellulose Market by Type, Manufacturing Process, Source, End-user Industry and Region – Forecast to 2027 – https:/ /www.reportlinker.com/p06323916/?utm_source=GNW
The properties like highly absorbent, easy to wash, soft, smooth, comfortable to wear, good drapability and others are widely used to find applications in various end-use industries.
Due to the recovery of several end-use industries such as fabric, automotive and agriculture from the COVID-19 pandemic and the rising demand for fashion items and the global adoption of electric vehicles (EVs), the demand for regenerated cellulosic vehicles is expected to increase during the forecast period.
• By type, the fibers segment accounted for the highest CAGR during the forecast period
Due to the increasing demand for eco-friendly products that help improve sustainability, fibers are considered to be the fastest growing market during the forecast period. The regenerated cellulose fibers have some excellent properties, such as B. high wet strength, good absorbency, soft, glossy, easy to dye, biodegradability, good drapability and others, which helps them to use them as an alternative to synthetic fibers.
• After end-use industry, fabric industry accounted for the highest CAGR during the forecast period
The fabric industry is considered to be the fastest growing regenerated cellulose market due to the increasing use of a wide range of fashion apparel, ethnic clothing, underwear, outerwear, sportswear, bedding, carpets, curtains, rugs, drapes, blankets, cushions, and many more. Because these fabrics are very comfortable, soft and shiny, they have good breathability, good absorbency and others, which helps increase the utilization of regenerated cellulose.
• By manufacturing process, NMMO processes accounted for the highest CAGR during the forecast period
The NMMO process is the fastest growing market segment for manufacturing processes as demand for lyocell fibers increases in several end-use industries such as textiles and automotive.
• By source, recycled/de-inked pulp accounted for the highest CAGR during the forecast period
Recycled/ deinked pulp is the fastest growing source segment. The increasing problem of deforestation from excessive tree cutting and the increasing problem of soil erosion has led to shortages of wood pulp in some regions such as Asia-Pacific and Europe.
As a result, demand for regenerated cellulose derived from recycled pulp is growing rapidly in these regions.
APAC is forecast to account for the highest CAGR in the regenerated cellulose market during the forecast period
APAC is estimated to be the fastest growing regenerated cellulose market during the forecast period. The markets for regenerated cellulose are growing in India, China and Japan due to its strong demand from end-use industries such as fabric, automotive, agriculture, packaging and others.
The growth of the regenerated cellulose market in Asia Pacific is being driven by the economic growth of countries like China and India. The increasing awareness of sustainability, eco-friendly and other end-use industries in the region supports the growth of the market.
In addition, the growing demand from the major end-use industries in the region is further fueling the growth of the regenerated cellulose market.
The regenerated cellulose market includes major manufacturers such as Sateri (China), Sateri, Lenzing AG (Austria), Grasim Industries Limited (India), Kelheim Fibers GmbH (Germany), Fulida Group (China) and Eastman Chemical Company (USA). The major players in the regenerated cellulose market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these major players to strengthen their positions in the regenerated cellulose market.
• By company type: Tier 1: 40%, Tier 2: 20% and Tier 3: 40%
• By title: C-level executives: 20%, directors: 20% and others: 60%
• By region: North America: 40%, Europe: 40%, Asia Pacific: 15%, Rest of World: 5%
research reporting
The market study covers regenerated cellulose market in various segments. It aims to estimate the market size and growth potential of this market in various segments based on source, manufacturing process, application, type and region.
The study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their products and business offerings, the recent developments they have undertaken, and the key growth strategies they have adopted to improve their Regenerated Cellulose position Market.
Key benefits of purchasing the report
The report is expected to help the leaders/new entrants in this market share to figure out the sales figures of the overall Regenerated Cellulose market and its segments and sub-segments as best as possible. This report aims to help the stakeholders to understand the competitive landscape of the market, gain insights to improve their business’ position and plan appropriate go-to-market strategies.
The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges and opportunities.
Read the full report: https://www.reportlinker.com/p06323916/?utm_source=GNW
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