Cellulose fibre market to reach $24 billion in five years

26/07/2013
The global market for cellulose fibres was valued at $12.63 billion in 2011 and is expected to reach $24.17 billion by 2018, according to US-based research firm Transparency Market Research.

It is forecast to increase at an annual rate of 9.8% during the five year period.

In terms of volumes, the annual global demand was 4,763 kilo tons in 2011 with the clothing industry using 60%; and is expected to reach 7,814 kilo tons by 2018, growing at an annual rate of 7.5%.

The top four companies account for just over 40% of the total market and the most important players include Aoyang, Fulida, Grasim Industries, Helon, Indo Bharat, Lenzing, Sateri, Tangshan and Thai Rayon, according to Transparency.