SAN FRANCISCO, September 28, 2015 /PRNewswire/ --
The global cellulose fibers market size is expected to reach USD 29.6 billion by 2020, according to a new report by Grand View Research, Inc. Shift in trend towards adoption of biodegradable fabrics is expected to remain a key driving factor for global cellulose fiber market. Stable growth of textile industry, particularly in Asia Pacific and Africa is also expected to have a positive influence on market growth. Availability of raw materials coupled with technological advancement in manufacturing processes is anticipated to fuel the product demand.
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Volatile wood prices are expected to remain a key challenge for market participants. To overcome challenges, industry participants have shifted their focus towards producing bio-based alternatives to synthetic cellulose fibers.
Browse full research report with TOC on "Cellulose Fibers Market Analysis By Application (Spun yarn, Fabrics, Clothing) And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/cellulose-fibers-market
Clothing was the leading application segment and accounted for over 60% of total market volume in 2013. This segment is expected to gain share over the next six years on account of growing textile industry in emerging economies such as India, China, and Brazil. This is anticipated to be the fastest growing segment over the forecast period.
Further key findings from the report suggest:
Grand View Research has segmented the cellulose fibers market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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