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The global cellulose market size is projected to reach USD 305.08 billion by the end of 2026. Driven by applications across diverse industries, the market will exhibit considerable growth in the coming years. According to a report published by Fortune Business Insights, titled “Cellulose Market Size, Share & Industry Analysis, By Derivative Type (Commodity Cellulose Pulp, Cellulose Fibers, Cellulose Ethers, Cellulose Esters, Microcrystalline Cellulose, Nano-cellulose, and Others), By End-Use Industry (Textile, Food, Chemical Synthesis, Pharmaceuticals, Construction, Paper & Pulp, Paints & Coatings, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 219.53 billion in 2018 and will exhibit a CAGR of 4.2% during the forecast period, 2019-2026.
Cellulose is a substance that is found in the plant cell. The properties of cellulose have made it an important part of the human diet. Although cellulose in not directly digestible to humans, it is used as a source of fibre in numerous dietary supplements. The substance is primarily derived from jute, cotton, wood, flax, hemp, and several other sources. Besides dietary use, the substance is widely used across diverse industries such as textile, paper, chemical, and care appliances. The ease and availability of cellulose and the presence of cellulose sources in abundance will have a direct impact on the growth of the market in the coming years.
Brachell Unveils New Project for Pulp Generation; Cellulose Derivatives Constitute Majority of Pulp-harnessing Activities
The growing applications of cellulose have encouraged manufacturers to set up newer plants for deriving cellulose from alternative sources. The diverse applications of cellulose have yielded huge investments from companies and businesses alike. Several large-scale companies are putting in more efforts towards developing newer ways to derive cellulose. In May 2019, Brachell unveiled ‘Project Star’, an initiative taken to increase the production capacity of its pulp mill that is located in Sao Paulo, Brazil. The company plans to increase the production capacity from 250 KT to 1500 KT. Brachell’s latest activity has encouraged its regional competitors. Altogether, these factors will constitute an increase in the overall cellulose market size in the coming years.
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Several Large Companies Are Focused on Offering Novel Cellulose Derivatives for Flexible Applications
The impressive growth of chemical cellulose market can be attributable to the presence of several large scale companies that are spread across the globe. With a bid to establishing a stronghold in the market, companies are looking to establish newer manufacturing ways. Moreover, other strategies such as company collaborations, cost reductions and high investments have played a major role in the growth of the market.
List of the leading companies that are currently operating in the cellulose market are:
Further Report Findings:
Noteworthy Industry Developments:
The global cellulose market is segmented on the basis of:
Value (USD Billion) and Volume (Million Tons)
By Derivative Type
By End-Use Industry