Cellulose insulated homes reduce air infiltration, have efficient energy and sound control specifications, and they are fire-resistant too. So, with the application of the chemical component further, in the homes, the cellulose fiber market revenue is going to increase in the next years. Also, the biodegradable characteristics of the cellulose fiber make it more green environment-friendly, and therefore, its implementation in different industries such as textile, automotive and others will create an upsurge in the cellulose fiber market size. As of 2018, [FURL=https://www.industryarc.com/PressRelease/1981/Cellulose-Fiber-Market-Research.html]Cellulose Fiber Market[/FURL] revenue rested at around 24.44 billion, which is expected to escalate further with a CAGR of 8.12% throughout the forecast period 2019-2025.Global Cellulose Fiber Market Size Dominated by APAC:
Constant study and improvement in various countries of APAC for sustainable advancement of the cellulose fiber market are opening impeccable opportunities to the major market players. Furthermore, political turmoil between China and the US is also adding to the expansion of the cellulose fiber market. APAC had the most abundant cellulose fiber market share of around 35% in 2018.
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Cellulose Fiber Market: Key Application
The key application of cellulose fiber is found in the clothing industry. The range of cellulose fibers such as cotton, cashmere, and others are extensively found in the luxury textile industry. The Indian textile industry estimated at around US$ 108 billion in 2017 and is expected to reach US$ 223 billion by 2021. On the other hand, the UK consumers invested over $75 billion on footwear, clothing, and household textiles in 2016. Owing to the rising millennial generation who are extremely fashion savvy and willing to spend more on their preferences of outfits to look better, the implementation of cellulose fiber in the clothing industry is expected to grow at a CAGR of 7.95% over the forecast timeframe throughout 2025.
Cellulose Fiber Market: Competitive Landscape
The major market players who are currently holding maximum shares and expanding further in the cellulose fiber market are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holding Co., Ltd-Fulida Group Holding Co., Ltd, China Bambro Textile (Group) Co. Ltd, CFF GmbH & Co. KG, Crea Fill Fibers Corporation, The International Paper Company, and Grupo Sniace.
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