Market Overview:

The Cellulose Market size is estimated to reach $211.5 billion by 2030, growing at a CAGR of 3.1% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Cellulose Market – By Derivatives (Cellulose Ethers, Cellulose Esters, and Microcrystalline Cellulose), By Process (Biosynthesis, Cellulolysis, and Thermolysis), By Source (Wood, Cotton, Hemp, Rice Husk, Jute, Sisal, and Others), By Grade (Technical Grade, Chemical Grade, and Pharmaceutical Grade), By Application (Paper Products, Food Packaging, Fibers, Emulsifiers, Stabilizers, Thickening Agent, Building Material, Adhesives & Binders, Smokeless Gunpowder, Pharmaceutical Excipient, and Others), By End Use Industry (Construction (Commercial, and Residential), Paper (Paperboard, Decorative Paper, Laminated Paper, and Others), Pharmaceuticals, Food & Beverage, Paints & Coatings, Textile (Woven, and Non-Woven), and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Expansion in the textile and paper industries and the increasing adoption of cellulose-based insulation are fueling the growth of the Cellulose industry during the forecast period.

Asia Pacific Dominated the Market in 2023:

Asia-Pacific led the cellulose market in 2023, securing over 34% share, driven by growth in textile, construction, and paper industries across China, India, Japan, and Australia. According to Invest India, India's textile industry contributes 2.3% to GDP, with exports projected to reach $190 billion by FY26. Meanwhile, the Australian Bureau of Statistics reported a 43.5% rise in dwelling approvals in February 2022. The rapid expansion of these industries fuels cellulose consumption for textile production, paper manufacturing, and construction insulation. With increasing industrialization, cellulose demand in Asia-Pacific will continue to surge, strengthening market growth. 

Cellulose Market: Key Takeaways

Increasing Textile Exports:

Cellulose-derived fibers, including cotton, flax, and rayon, are integral to textile production. Rising global textile demand has significantly boosted cellulose fiber consumption. According to the International Trade Administration, Peru's cotton production rose by 8% in 2023 to 16,000 metric tons, with imports reaching 68,000 metric tons. Additionally, the U.S. textile industry employed 538,067 workers in 2022, per the National Council of Textile Organizations, generating $65.8 billion in shipments. The surge in textile exports increases cellulose fiber usage in apparel and fabric manufacturing, accelerating market expansion.

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Expanding Construction Activities:

Cellulose-based insulation materials are increasingly utilized in residential and commercial buildings due to their thermal and acoustic properties. As construction activities expand, demand for cellulose insulation rises. According to Invest India, India's construction sector is set to reach $1.4 trillion by 2025, with cities contributing 70% to GDP by 2030. Similarly, Germany’s Federal Statistical Office reported an 8.3% rise in dwelling permits in January 2022. Increased construction activity is driving cellulose fiber adoption for insulation applications, strengthening cellulose market growth. 

Scope of the Report: 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

3.1%

Market Size in 2030

$211.5 billion

Segments Covered

By Derivatives, By Process, By Source, By Grade, By Application, By End Use Industry and By Region

 

 

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

 

 

 

Key Market Players

1.  Asahi Kasei

2.  Eastman Chemical Company

3.  GreenFiber

4.  Appelgate Insulation

5.  Nu-Wool

6.  Sigachi Industries Ltd.

7.  Birla Cellulose Ltd

8.  Shin-Etsu Chemical Co., Ltd

9.  Dow

10.  CP Kelco

 

Recent Developments:

•    In January 2023, Asahi Kasei successfully completed the construction of its second Ceolus microcrystalline cellulose (MCC) plant at Mizushima Works in Kurashiki, Okayama, Japan. This expansion highlights the company's commitment to meeting the growing demand for MCC.
•    In June 2022, Nanollose partnered with Birla Cellulose to unveil a groundbreaking garment designed by Lee Mathews at a fashion summit, featuring the innovative Tree-Free Nullarbor lyocell fabric.

Cellulose Market: Competitive Landscape

Key companies profiled in the Cellulose Market are Asahi Kasei, Eastman Chemical Company, GreenFiber, Appelgate Insulation, Nu-Wool, Sigachi Industries Ltd., Birla Cellulose Ltd, Shin-Etsu Chemical Co., Ltd, Dow, CP Kelco and others.

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