Cellulose Market Trends

Growth Drivers

Growing Use of Diapers- According to an estimate, a newborn that wears an average of about more than 9 diapers each day for the first month of his life may go through as many as about 299 diapers overall.
Cellulose is used to make diapers. The diaper's cellulose core is used to absorb liquids. It provides the diaper with strong absorption capabilities. In addition to having a high fibre to weight ratio, the pulp also has a low level of coarseness and short fibres. Therefore, it is predicted that this factor would accelerate market expansion.
Growth in Construction Industry- With world population touching 8 billion, the requirement for new and better homes is continuously rising. It is estimated that, by 2025, the Indian construction market is anticipated to grow to approximately USD 2 Tn.
Robust Growth in Personal Care Industry- Approximately 160 million people, or 70% of American women, use cosmetics on a daily basis, spending an average of USD 14,000 on them over the course of their lifetime.
Surge in Demand for Forest-Based Textile Fibers- The market climate is shifting in favour of forest-based fibres due to factors such as a lack of land for expanding cotton production, environmental concerns regarding cotton and new technology for extracting fibre from wood. When compared to 2018, the yearly production of wood-based textile pulps would increase by 15 Mt in 2035.
Significant Growth in Automotive Industry- The automotive sector is expected to continue to expand, owing to rising incomes. The advent of electric vehicles is also expected to cause positive changes in the sector. By 2030, the EV market is anticipated to reach approximately 9 million annual sales, growing at a CAGR of about 50% between 2022 and 2030.

Challenges

Availability of Substitutes in the Market - There various substitutes available in the market for cellulose such as algal biomass or even plastic. Since algal biomass has various advantages as compared to cellulose including rapid growth, inedibility, and more, it is expected to hinder the growth of the market.
Rise in Market Volatility
Decline in Corporate Confidence

Cellulose Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	10.2%
Base Year Market Size (2023)	USD 39.67 Billion
Forecast Year Market Size (2033)	USD 140.22 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cellulose is estimated at USD 43.72 Billion.

The cellulose market size was over USD 39.67 Billion in 2023 and is poised to exceed USD 140.22 Billion by the end of 2036, witnessing over 10.2% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market growing use of diapers, growth in construction industry, robust growth in personal care industry, and other.

Asia Pacific is anticipated to hold largest industry share by 2036, owing to growth in chemical synthesis industry in this region.

Thai Rayon Public Company Limited, Bracell Inc., Akzo Nobel N.V., Tangshan Sanyou Chemical Industries Co., Ltd., Ioncell, Clariant AG, Bacterial Cellulose Solutions Inc.

Cellulose Market Trends