Global Cellulosic Man-made Fibers Market to Reach 5.16 Million Tons by 2017, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on cellulosic man-made fibers. Global consumption of cellulosic man-made fibers is forecast to reach over 5.16 million tons by the year 2017. Increasing demand for alternate fibers and development of new fiber technology and products is expected to drive market growth. Although marginally sidelined by superior synthetic substitutes such as polyester and nylon, cellulosic fibers are poised to regain momentum, primarily backed by heightened consumption in Asian countries. Improvements in manufacturing processes, plant modernizations, abundant raw materials and technological enhancements are set to steer market expansion to the next level.
San Jose, CA (PRWEB) October 04, 2011
Follow us on LinkedIn – Cellulosic man-made fibers hold a formidable position of being the first fibers to be manufactured synthetically by humans. Since their invention, these fibers have been confronted with various challenges in terms of changing fashion trends as well as competition posed by other cheaper fiber options. The benefits of durability and maintenance offered by synthetic alternatives, such as polyester and nylon, puts cellulosic fibers at a slight disadvantage in the textile industry. Cellulosic man-made fibers, while using renewable and relatively inexpensive feedstock at the time of manufacture, require significant quantities of energy and water during processing. However in recent times, the demand for cellulosic man-made fibers is regaining momentum, particularly in Asia-Pacific countries, primarily due to improvements in manufacturing processes and modernization of processing units. Availability of sustainable feedstock, lesser dependence on petroleum-based raw materials, and the versatility and cost-effectiveness in manufacturing and blending cellulosic man-made fibers with other natural and synthetic fibers is fueling the demand for the fiber among high-end designers and apparel manufacturing companies across the globe.
The Asian powerhouses, India and China, are expected to drive growth in the global cellulosics market and are ranked as two of the largest producers and consumers of cellulosics fibers and its derivatives. ChinaÃ¢s rayon or viscose fiber industry witnessed robust growth throughout the last decade. The countryÃ¢s production output between 1995 and 2010 witnessed an increase of about 25% with the countryÃ¢s rayon exports capturing a major share of about 55% in the global sphere. India, on the other hand, ranks as the second largest MMF (man-made fiber) producing country worldwide after China. However in India, majority of the MMF produce is aimed at consumption in the domestic market, and exports form a meager 2%-3% of total production. Production of MMF in Japan witnessed a continued erosion over the last decade, where filament yarn production plunged in 2010. Among western countries, Europe after Asia represents the second largest global market for cellulosic man-made fibers. A substantial share of processed textiles in Western Europe comprises of man-made fibers, used in clothing, household textile, carpets and other products.
Cellulosic man-made fibers are gradually being looked upon as ideal substitutes for cotton, resulting from decline in cotton production world over, shrinking manufacturer margins and sharp rise in cotton prices. In line with the market sentiments, various fiber-manufacturing companies are now beginning to expand their production capacities. The continuous rise in demand and ample availability of the required feedstock, supported by technological advancements are expected to drive the market for cellulosic fibers. The development of new fibers with premium qualities such as color-fastness, feel, and water retention, aimed at the textiles market, is likely to determine the future of cellulosics business. The increasing need for alternative fibers has been augmenting the demand for viscose fibers. Hence, viscose prices are expected to increase, as it is the only other water-absorbent fiber. Large technical and capital barriers to entry characterize the viscose industry, which is likely to benefit existing manufacturers.
Asia-Pacific reigns as the single largest market for cellulosic man-made fibers, as stated by the new research report on Cellulosic man-made Fibers. Development of superior production units, rising demand, increasing disposable incomes and abundant supply of raw material are the major growth contributors in APAC region. The Asian market is also forecast to race ahead at the fastest CAGR of about 6.5% through 2017.
Key market participants profiled in the report include, Celanese Corporation, Century Rayon Limited, Daicel Chemical Industries, Ltd, Eastman Chemical Company, FiberAmerica, Formosa Chemicals & Fibre Corporation, Grasim Industries Limited, Glanzstoff Industries, Kelheim Fibres GmbH, Lenzing AG, PT. South Pacific Viscose, Mitsubishi Rayon Co Ltd, NRC Limited, Rayonier, Inc, Rhodia Acetow GmbH and Toray Industries, Inc.
The research report titled Ã¢Å“Cellulosic Man-made Fibers: A Global Strategic Business ReportÃ¢ announced by Global Industry Analysts, Inc., provides a comprehensive review of industry and product overview, global textile fiber production and consumption overview, statistical data, trends and issues, product introductions, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Market analytics are provided in volume terms (thousand tons). The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit Ã¢“ http://www.strategyr.com/Cellulosic_Man_made_Fibers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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