Market Size of Wood-based Fibers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Wood-Based Fibers Market Analysis
The market for wood-based fibers is expected to register a CAGR of more than 6% globally during the forecast period.
Rising demand from the textile industry is driving the market growth.
Availability of substitutes such as synthetic fibers, cotton, and wool are likely to hinder the growth of the market.
Wood-Based Fibers Industry Segmentation
The Wood-based Fibers Market report include:
Type | |
Viscose | |
Modal | |
Lyocell | |
Cupro | |
Other Types |
Application | |
Apparel & Textile | |
Healthcare (Including Personal Care) | |
Automotive & Transportation | |
Other Applications |
Geography | |||||||
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Wood-based Fibers Market Size Summary
The wood-based fibers market is poised for significant growth, driven primarily by increasing demand from the textile industry. These fibers, derived from the natural polymer cellulose, are gaining traction due to their sustainable characteristics, making them an attractive alternative to traditional materials like cotton and wool. The textile industry values the unique properties of various wood-based fibers, such as viscose, modal, and lyocell, which are produced using advanced technologies. Despite the presence of substitutes like synthetic fibers, the rising interest in sustainable and eco-friendly materials is expected to bolster the market's expansion over the forecast period. The market's growth is further supported by the robust development of the textile sector in regions such as Asia-Pacific, where countries like China and India are experiencing significant industrial activity.
The Asia-Pacific region is anticipated to lead the wood-based fibers market, fueled by the burgeoning textile industries in China, India, and other countries. These nations are witnessing stable economic growth, with the textile sector playing a crucial role in their industrial output and GDP. The region's dominance is attributed to the increasing demand for textiles, supported by technological advancements and a diverse range of textile products. The global market is characterized by a consolidated structure, with major players like Lenzing, Sappi, Bracell, and Grasim Industries Limited holding significant market shares. These companies are instrumental in driving innovation and meeting the rising demand for wood-based fibers in the global market.
Wood-based Fibers Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Usage from Textile Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Availability of Substitutes like Synthetic Fibers, Cotton, and Wool
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Viscose
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2.1.2 Modal
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2.1.3 Lyocell
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2.1.4 Cupro
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2.1.5 Other Types
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2.2 Application
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2.2.1 Apparel & Textile
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2.2.2 Healthcare (Including Personal Care)
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2.2.3 Automotive & Transportation
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle-East and Africa
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Wood-based Fibers Market Size FAQs
What is the current Wood-based Fibers Market size?
The Wood-based Fibers Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Wood-based Fibers Market?
Lenzing, Sappi , Aditya Birla Group , Rayonier Advanced Materials and Bracell are the major companies operating in the Wood-based Fibers Market.