Cellulosic Man-Made Fibers

Cellulosic Man-Made Fibers

Global Cellulosic Man-Made Fibers Market to Reach US$31.0 Billion by 2030

The global market for Cellulosic Man-Made Fibers estimated at US$23.2 Billion in the year 2023, is expected to reach US$31.0 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Clothing Application, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$18.8 Billion by the end of the analysis period. Growth in the Fabrics Application segment is estimated at 5.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.1 Billion While China is Forecast to Grow at 4.1% CAGR

The Cellulosic Man-Made Fibers market in the U.S. is estimated at US$6.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Cellulosic Man-Made Fibers - Key Trends and Drivers

Cellulosic man-made fibers are derived from natural cellulose sources such as wood pulp, cotton linters, and bamboo, offering a sustainable alternative to synthetic fibers. The process of creating these fibers involves chemically processing the raw cellulose to form fibers that can be spun into yarns and fabrics. The most common types of cellulosic fibers include viscose, modal, and lyocell. Viscose, often referred to as rayon, is prized for its silk-like feel, excellent drape, and versatility, making it a popular choice for fashion garments, upholstery, and nonwoven products like wipes. Modal, which is processed under high tension, boasts superior softness, breathability, and absorbency, making it ideal for intimate apparel, activewear, and luxury bed linens. Lyocell, produced through a more environmentally friendly process known as the closed-loop process, is known for its strength, moisture-wicking properties, and biodegradability, making it suitable for a wide range of applications, from denim and dress fabrics to technical textiles and personal care products.

Recent trends in the cellulosic man-made fibers market underscore a growing emphasis on sustainability and environmental stewardship. As concerns about the environmental impact of synthetic fibers intensify, both consumers and manufacturers are increasingly turning to cellulosic alternatives. Innovations in production techniques, such as the closed-loop process used in lyocell production, significantly reduce the environmental footprint by recovering and reusing solvents, thus minimizing waste and pollution. Additionally, the growing movement towards circular fashion, which promotes the recycling and reuse of materials, aligns perfectly with the biodegradable nature of cellulosic fibers. This has led to increased investment in research and development to enhance the performance characteristics of these fibers, such as improving their tensile strength, durability, and moisture management properties. Furthermore, the versatility of cellulosic fibers allows for their use in high-performance textiles and nonwoven fabrics, expanding their market potential beyond traditional applications.

The growth in the cellulosic man-made fibers market is driven by several factors. Firstly, there is an increasing consumer awareness and demand for sustainable and biodegradable textiles, which propels market expansion as more consumers seek eco-friendly alternatives to synthetic fibers. Secondly, technological advancements in fiber production, such as the development of eco-friendly lyocell and high-tenacity modal fibers, enhance product offerings and reduce the environmental impact of manufacturing processes. Thirdly, the expanding applications of these fibers in various end-use industries, including fashion, home textiles, and healthcare, create new growth opportunities. For instance, the use of lyocell in medical textiles due to its hypoallergenic properties and in high-performance sportswear for its moisture management capabilities highlights its versatility. Additionally, regulatory support for sustainable practices in textile manufacturing encourages the adoption of cellulosic fibers, with many governments implementing stricter environmental regulations and incentives for eco-friendly production methods. Lastly, shifting consumer preferences towards natural and comfortable fabrics, coupled with the rising popularity of athleisure and eco-fashion trends, further boosts demand. The combination of these drivers underscores the growing importance and potential of cellulosic man-made fibers in the global textile industry, positioning them as key players in the future of sustainable textiles.

Select Competitors (Total 52 Featured) -

• Aditya Birla Group
• Baoding Swan Fiber Co. Ltd.
• Celanese Corporation
• Century Rayon Limited
• Daicel Corporation
• Eastman Chemical Company
• Formosa Chemicals & Fiber Corporation
• Glanzstoff Industries
• Grasim Industries Limited
• Indorama Ventures Public Company Limited
• International Paper
• Jiangsu Aoyang Technology Co. Ltd.
• Kelheim Fibres GmbH
• Lenzing AG
• Mitsubishi Chemical Corporation
• NRC Limited
• PT. South Pacific Viscose
• Smartfiber AG
• Tangshan Sanyou Xingda Chemical Fiber Co. Ltd.
• Thai Rayon Public Co. Ltd.
• Toray Industries Inc.
• Xinxiang Bailu Chemical Fiber Co. Ltd.
• Zhejiang Fulida Co. Ltd.

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