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Cellulose Market

Cellulose Market

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Cellulose Market

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  1. Cellulose Market Is Booming Worldwide 2021-2026 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Global Market Scenario of Cellulose Industry • According to a report published by Global Market Insights, Inc., the global cellulose market was accounted at $211.68 billion in 2019 and is estimated to surpass $235 billion by 2026, registering a CAGR of 2.9%. • Growing requirement for paper-based products like paper packaging and bags will amplify the manufacturing of cellulose. Being green and sustainable, cellulose-based paper products are steadily gaining acceptance across diverse industries owing to its recyclability, functionality, and biodegradability. • Based on its manufacturing process, the viscose manufacturing segment is expected to observe over 3% CAGR by 2026. This growth is attributed to superior productivity and lower production cost of the process. This manufacturing process is extensively used for making products for the textile and paper industries. The process is highly adopted due to the ability of forming compact structure and easy availability of material along modest price compared to others. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Continue:- • Manufacturers and suppliers of cellulose are constantly focusing on taking strategic initiatives like investing in increasing production capacity and their presence in the local markets. For instance, Shin-Etsu Chemical company finished the construction of a new cellulose plant called Shin-Estu Chemicals Naoetsu in 2019, in Japan. • Along with this, many manufacturers have established a highly administered form of nanomaterials cellulose, which are more strong, durable, and lighter manufactured material for clothing. This has assisted manufacturers to invest in technology related to natural materials for manufacturing clothing textiles. • Speaking of the current pandemic, many cellulose manufacturers are concentrating on the regionalization of raw materials as it is not viable to be dependent on a single supplier for materials as it can impact supply needs of the company. • Based on region, Latin America is expected to garner around 2% CAGR in cellulose market share globally by 2027. The market in Brazil is estimated to hold an optimistic outlook from the packaging and textile industry. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Request for sample copy of this research report@ https://www.gminsights.com/request-sample/detail/4854 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. 360° Industry Analysis • Meanwhile, construction of new cellulose plants may favor the regional textile industry. In 2019, the Lenzing Group and Duratex formed a joint venture to construct a dissolving wood pulp plant in Brazil with an aim to support Lenzing’s production of bio-based fibers. The plant is expected to commence operation in the first half of 2022 and will produce dissolving wood pulp which is used as a key raw material in the manufacture of wood-based cellulosic fiber, that is utilized in the textile sector. Request for customization:https://www.gminsights.com/roc/4854 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Competitive Analysis: • Bracell, Daicel Corporation, Eastman Chemical Company, Dupont De Nemours, Inc., NEC Corporation, MACHEREY-NAGEL GmbH & Co. KG, Celanese Corporation, ENKA GmbH & Co.KG, LENZING AG, Kelheim Fibres GmbH are some of the key players operating in the Cellulose Market. © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  7. Latest Research Report On Cellulose Market@ https://www.gminsights.com/industry-analysis/cellulose-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/4854 Request for customization: https://www.gminsights.com/roc/4854 © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  8. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2020 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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