Regenerated Cellulose Market Predicted to Surpass US$ 27.3 Billion by 2027

The report?"Regenerated Cellulose Market by Type (Fibers (Viscose, Lyocell, Modal), Films), Manufacturing Process, Source, End-user Industry (Fabrics, Automotive, Agriculture, Packaging) and Region (North America, Europe, APAC, Rest of the World) - Forecast to 2027", size is estimated to be USD 18.0 billion in 2022 and is projected to reach USD 27.3 billion by 2027, at a CAGR of 8.7%.

Regenerated Cellulose comprises major manufacturers such as Sateri (China), Lenzing AG (Austria), Grasim Industries Limited (India), Kelheim Fibres GmbH (Germany), Fulida Group (China), and Eastman Chemical Company (US) are the key players operating in the Regenerated Cellulose Market

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Recent Developments

• In March 2022, an agreement was signed between Grasim Industries Limited Swedish textile-to-textile recycling innovator (Renewcell) for providing high-quality LIVA REVIVA fibers.
• In March 2022, the world’s largest lyocell production plant was opened up by Lenzing AG in Thailand. The production capacity of this plant is 100,000 tons.
• In May 2022, a Belgium-based company i.e., UTEXBEL collaborated with Lenzing AG for producing uniforms for security personnel of the Belgian Federal Public Service for Justice (FPS Justice).
• In January 2022, GP Cellulose, LLC., invested USD 80 Million to expand its fluff pulp production capacity.
• In March 2021, Eastman Chemical Company planned to increase the production capacity of NAIA filament yarn by more than 50% by 2022.
• In October 2021, Kelheim Fibres GmbH collaborated with Renewcell to produce superior quality viscose fibers.
• In November 2021, Grasim Industries Limited expanded its viscose production capacity by 300 tons per day.
• In February 2021, Lenzing AG introduced new zero-carbon lyocell fibers namely TENCEL and TENCEL REFIBRA, under the brand name of TENCEL.
• In March 2021, Sateri has planned to expand the production capacity by 500,000 tons by 2025.
• In February 2021, Sateri launched its recycled fiber namely FINEX.
• In July 2021, Sateri collaborated with Infinited Fiber Company, to scale up the next-generation fiber technology.

Factors such as Growing demand in the fabric industry which includes both the textile and apparel industry coupled with growing awareness towards sustainability and biodegradability, support market growth. Restraints for the market are the availability of cheaper substitutes and the shortage of raw materials that moderately hamper the growth of the global regenerated cellulose market. Opportunities in the regenerated cellulose market are the adoption of new innovative technologies to produce regenerated cellulose and its uses in making various hygienic products. Moreover, the stringent rules and regulations concerning cellulose acetate products are the major challenge for the regenerated cellulose market.

Fibers are estimated to be the largest share of the Regenerated Cellulose Market. These fibers are produced from natural cellulose, which undergoes several chemical processes. These fibers have some excellent properties which help them to use in various end-use industries such as the Fiber industry, automotive, agriculture, packaging, and others. Several types of fibers are very popular nowadays such as Viscose, Modal, Lyocell, and others. Each of them has a different manufacturing process. The major players in today’s scenario adopting these fibers to develop eco-friendly, sustainable, safe, products adhering to government regulations and norms.

Wood Pulp is estimated to be the largest market for Regenerated Cellulose Market. Regenerated cellulose derived from wood pulp is widely used in several applications, especially where high tensile strength, high wet tenacity, high abrasion resistance, and excellent absorbing capacity are required. With the help of these properties, they are used in wide applications such as in the making of tire cords, farming ropes, and others.

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Viscose is estimated to be the largest market for Regenerated Cellulose Market. Viscose production technology is used to provide several characteristics such as good absorbency, temperature resistance, smoothness, softness, high wet tenacity, high tensile strength, high abrasion resistance, etc. Due to all these properties provided by Viscose Manufacturing technology, it is used in a variety of applications in the making of fashionable dresses, innerwear, outerwear, sportswear, bedding, curtains, rugs, towels, and others. The products manufactured from this technology are also washable and lightweight material.

The fabric industry is estimated to be the largest market for the Regenerated cellulose Market. Growing concerns about the growing population, variable fashion styles, and surging demand for eco-friendly fabrics are a few factors that support the growth of Regenerated cellulose in the Fabric industry.

APAC is estimated to be the largest market for Regenerated Cellulose Market during the forecast period. Regenerated cellulose is largely used for manufacturing eco-friendly fabrics in India, China, Japan, Pakistan, Indonesia, and others. The increasing population and favorable government initiatives in these countries are boosting industrialization, which, in turn, is leading to the high demand for Regenerated Cellulose in APAC.