Regenerated Cellulose Market Report

Market Insights

The regenerated cellulose market size was US$17.1 billion in 2024 and is likely to grow at a robust CAGR of 8.4 % in the long run to reach US$28.6 billion in 2031.”

Market Dynamics

Introduction

Regenerated cellulose has become the choice of not only environmentally conscious consumers but also of fashion brands due to its biodegradability and minimal environmental impact about all types of synthetic fibers. Further, strict regulations and initiatives for the support of sustainability in the textile industry have driven the adoption of regenerated cellulose fibers. The acceleration towards circular economy models, along with the increasing upcycling and recycling trend, has also helped underpin the growth of the regenerated cellulose market because with regenerated cellulose, recyclability does not come at the cost of performance or quality. Nevertheless, challenges such as high cost of production and limited raw materials availability offer constraints to market expansion. Innovations in production methods and mounting investment in research and development are currently expected to mitigate these challenges, thus boosting the market in future years.

Recent Product Development:

• 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 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 February 2021, Lenzing AG introduced new zero-carbon lyocell fibers, namely TENCEL and TENCEL REFIBRA, under the brand name of TENCEL.

Segment Analysis

By Product Type

“Fiber is expected to be the demand generator in the market in the coming years.”

Fiber is the most widely used product type in the regenerated cellulose market because of its extraordinary properties, including high absorbency, softness, biodegradability, and superb drape, which makes it very suitable for textiles and apparel. Consumer demand for sustainable and comfortable fibers is the reason that fabrics like viscose, lyocell, and modal are abundantly used in fashion, home textiles, and nonwoven products. Moreover, the development in the production of fiber technologies has increased performance and cost effectiveness, making fiber continue to occupy the upperhand position in the market.

By Manufacturing Process

“Viscose is anticipated to contribute the largest share of the market.”

Viscose has been the most dominant in the market in terms of production infrastructure and low cost of production, coupled with great versatility. The viscose process allows high-volume manufacture at relatively low cost, rendering it appropriate for high-volume manufacture of textiles and non-woven products. Besides, visco fibers have desirable characteristics that include good absorbency, softness, and high tensile strength, which makes them appealing in numerous applications. A combination of these factors accounts for viscose’s supremacy in the world of regenerated cellulose.

By Source Type

“Wood-Pulp is anticipated to contribute the largest share of the market.”

Wood pulp is the major source for the market of regenerated cellulose because of its high availability, high cellulose content, and a well-developed processing infrastructure. It gives a cost-effective, renewable, and sustainable raw material for the production of viscose, modal, and lyocell fibers. Furthermore, wood pulp is suitable for bulk production on an industrial scale and has a regular quality, which makes it preferred over cotton linter or bamboo, which is preferred over alternatives in textile and nonwoven uses.

By End-Use Industry

“The fabric industry is anticipated to contribute the largest share of the market.”             

The fiber industry is the largest end-user industry in the regenerated cellulose market and generated about 44.9% of the total global revenues in 2023. This luminescence can be attributed to the growth of demand for sustainable, breathable, and biodegradable textiles, especially in the fashion and home furnishings industries. Formerly known as rayon, regenerated cellulose fibers (viscose, lyocell, and modal) are preferred for their softness, sheen, and excellent wicking qualities, making this fiber suitable for many application products to include apparel, bedding, and upholstery. The move to eco-friendly materials in the textile industry has tremendously supported the use of regenerated cellulose fibers.

Regional Analysis

“Asia-Pacific is expected to maintain its reign over the forecast period.”

Asia Pacific is a strong region in the regenerated cellulose market given its large textile manufacturing base, particularly in countries such as China, India, and Indonesia. It enjoys an abundance of raw material, its labor is cheap, and demand for eco-friendly fibers in the fashion and hygiene industry is great. Government support of sustainable practices and big manufacturers further strengthens production and consumption, which makes Asia Pacific a leader in this market.

Key Players

The market is highly fragmented, with over 500 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the regenerated cellulose market.

Here is the list of the Top Players (Based on Dominance)

• Asahi Kasei Corporation
• Celanese Corporation
• CFF GmbH & Co. KG
• CreaFill Fibers Corp.
• Daicel Corporation
• Eastman Chemical Company
• Fortress Global Enterprises Inc.
• Fulida Group Holding Co., Ltd.
• GP Cellulose by Koch Industries, Inc.
• International Paper Co.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The global regenerated cellulose market is segmented into the following categories. 

Regenerated Cellulose Market, by Product Type

• Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Film (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Regenerated Cellulose Market by Manufacturing Process

• Viscose (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Cuprammonium (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• NMMO (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Acetate (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Regenerated Cellulose Market by Source Type

• Wood-Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Non-Wood Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Recycled Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Regenerated Cellulose Market by End-Use Industry

• Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Fabric (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Regenerated Cellulose Market by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s regenerated cellulose market realities and future market possibilities for the forecast period.

• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruit available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respected clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across industries. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]