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Cellulosic Polymers Market Size (2024 - 2029)

The cellulosic polymers market is experiencing growth, driven by increasing demand in the apparel and construction sectors. Despite challenges such as competition from synthetic and protein-based fibers and a decline in cigarette demand affecting cellulose acetate flakes, the market has rebounded to pre-pandemic levels. The regenerated cellulose segment holds the largest market share, contributing significantly to the overall market size.

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Market Size of Cellulosic Polymers Industry

Cellulosic Polymers Market Share
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

Cellulosic Polymers Market Analysis

The market for cellulosic polymers is expected to register a CAGR of more than 5.5% during the forecast period (2022-2027).

The COVID-19 pandemic impacted the market negatively; however, the market has now been estimated to have reached pre-pandemic levels.

  • The major factors driving the market studied are the increasing demand for apparel and clothing and the use of cellulose ether in the building and construction industry.
  • The competition of regenerated cellulose fibers from synthetic fibers and other protein-based fibers and reduced demand for cigarettes, affecting the market for cellulose acetate flakes, are expected to hinder the growth of the market studied.
  • The regenerated cellulose segment accounted for the largest share of the total volume of the market studied.

Cellulosic Polymers Industry Segmentation

Cellulosic polymers are polymers derived from the naturally occurring celluloses majorly found in plants. The market is segmented by type (cellulose esters, cellulose ethers, and regenerated cellulose) and geography (Asia-Pacific, North America, Europe, and Rest of the World). The report also covers the market size and forecasts in 10 countries across the major regions. The report offers the market size and forecasts in terms of volume (kiloton) for all the above segments.

Type
Cellulose Esters
Type
Cellulose Acetate
Other Types (CAB and CAP)
Application
Cellulose Ethers
Type
Application
Regenerated Cellulose
Type
Fibers (Viscose, Modal, Lyocell, and Cupro)
Films (Hydrated Cellulose Foils)
Application
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Cellulosic Polymers Market Size Summary

The cellulosic polymers market is poised for significant growth, driven by increasing demand in the apparel and construction sectors. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels. Key drivers include the rising need for regenerated cellulose fibers, such as viscose, modal, lyocell, and cupro, which are extensively used in textiles and home furnishings. Despite challenges from synthetic and protein-based fibers, the regenerated cellulose segment remains dominant, with Asia-Pacific leading the market due to its robust textile industry and growing construction activities. Major companies like Grasim, Lenzing, and Asahi Kasei Corporation play pivotal roles in supplying these fibers globally.

The Asia-Pacific region, particularly China and India, is a significant contributor to the market's expansion, supported by increasing urbanization, rising living standards, and substantial investments in housing and infrastructure. China's construction and automotive sectors, along with India's ambitious housing projects, are key factors driving the demand for cellulosic polymers. The market is characterized by fragmentation, with several major players such as Lenzing AG, Ashland, and Eastman Chemical Corporation competing for market share. These dynamics, coupled with government support and strategic investments, are expected to sustain the market's growth trajectory in the coming years.

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Cellulosic Polymers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand for Apparel and Clothing

      2. 1.1.2 Increasing Use of Cellulose Ether in the Building and Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 Competition of Regenerated Cellulose Fibers from Synthetic Fibers and Other Protein-based Fibers

      2. 1.2.2 Reduced Demand for Cigarettes Affecting the Market for Cellulose Acetate Flakes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Cellulose Esters

        1. 2.1.1.1 Type

          1. 2.1.1.1.1 Cellulose Acetate

          2. 2.1.1.1.2 Other Types (CAB and CAP)

        2. 2.1.1.2 Application

      2. 2.1.2 Cellulose Ethers

        1. 2.1.2.1 Type

        2. 2.1.2.2 Application

      3. 2.1.3 Regenerated Cellulose

        1. 2.1.3.1 Type

          1. 2.1.3.1.1 Fibers (Viscose, Modal, Lyocell, and Cupro)

          2. 2.1.3.1.2 Films (Hydrated Cellulose Foils)

        2. 2.1.3.2 Application

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Rest of North America

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 Rest of the World

        1. 2.2.4.1 South America

        2. 2.2.4.2 Middle-East and Africa

Cellulosic Polymers Market Size FAQs

The Cellulosic Polymers Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

Ashland, Daicel Corporation, Eastman Chemical Corporation, Xinjiang Zhongtai Chemical Co. Ltd and LENZING AG are the major companies operating in the Cellulosic Polymers Market.

Cellulosic Polymers Report Snapshots

Cellulosic Polymers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)