San Francisco, California, August 02, 2018: According to a recent market research report by TMR Research, the global market for cellulose fibers is likely to be driven due to increased demand from a number of industrial applications, and the textiles and apparel sectors. The report is titled “Cellulose Fibers Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.”
The market features a vast set of untapped growth opportunities in areas such as home textile and apparels. With increased expenditure on interior decoration across emerging economies as well, the demand for cellulose fibers in the home textile industry is likely to emerge as one of the key growth drivers for the market. The market also benefits from the fact that cellulose fibers are economical, versatile, and environment-friendly owing to their bio-degradable nature.
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However, despite the fact that cellulose fibers are made from cheap and renewable feedstock, their production requires vast amounts of energy and water. Moreover, the supply of key raw materials has remained uneven in the past few years due to volatile costs of wood pulp and rising concerns regarding environmental safety. These factors could hamper the growth prospects of the market to a certain degree over the report’s forecast period.
Geographically, the market in Asia Pacific continues to be one of the leading consumers of cellulose fibers as the region features a well-developed and expanding carpet and textile manufacturing industry. Chine alone holds over 50% of the overall demand served by the regional market, utilizing cellulose fiber for the production of apparels and textiles. The easy availability of skilled and low-cost manual labor in the country, as well as in India, is a primary factor boosting the textile manufacturing sector. The market in Europe is also promising, maintaining its position as a persistent consumer of cellulose fibers for a variety of applications.
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