July 01, 2020
As per the report titled ‘Global Specialty Cellulose Market Analysis By Product, Application, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global specialty cellulose market was valued at USD 1980.85 Million in the year 2019 by value and 1646.67 thousand tones by volume, and is expected to record remunerative growth over 2020-2025.
Owing to premium price demand and high revenue generation compared to wood pulp commodities, global specialty cellulose market is expected to grow substantially in the ensuing years. Specialty cellulose require immense technical expertise, which is possessed by handful of companies. The outbreak of COVID-19 has badly affected the market growth by disrupting logistics and supply chain, decelerating market recovery, and ever-increasing inventories of finished goods in the companies.
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Based on the product fragment, acetate segment is expected to hold a substantial fraction of the market in terms of market share owing to escalating demand for biodegradable, eco-friendly, cost-efficient, and versatile cellulose acetate. Additionally, burgeoning demand from textile and apparel industry is likely to enhance the market size.
Based on application terrain, textiles segment held the biggest share of the the market in 2019 and is expected to continue this trend during the analysis timeframe. The dominance of textiles segment is backed by shortage of cotton supply along with increasing use in clothing, home furnishings, and non-woven products.
Speaking of the regional landscape, Asia-Pacific specialty cellulose market is likely to account for majority of the market share owing to the fastest-growing textile industry complemented with increasing residential and commercial construction projects.
The well-established companies operating in global specialty cellulose market are Rayonier Advanced Materials, Borregaard, Fortress Specialty Cellulose Inc., Eastman Chemical Company, Bracell, Cosmo Specialty Fibers, Inc., Celanese, Daicel, Georgia-Pacific LLC, and Sigachi Industries Private Limited among others.