Specialty cellulose generally command a price premium and earn higher margins

Date: 4 June 2020

According to a research report published by Azoth Analytics in May 2020, the Global Specialty Cellulose Market was valued at USD 1980.85 Million in the year 2019 and in terms of volume, the global Specialty Cellulose market was x thousand tonnes in year 2019. The market for the Specialty Cellulose has been growing because specialty cellulose generally command a price premium and earn higher margins relative to other commodity wood pulp products. Specialty Cellulose develops, produces and sells cellulose mainly for use in the production of cellulose acetate, cellulose ethers and other specialty segments. Specialty cellulose (characterized by a purity of 95% alpha-cellulose or greater) requires an immense amount of technical expertise to produce most of the world’s specialty cellulose that is being manufactured by just a handful of companies.

Among the Product segment in the Specialty Cellulose market (Acetate, Ethers, Nitrocellulose and Others Specialties), Acetate segment has been gaining popularity among other segments and is expected to keep major market share in the forecast period. Rising demand for cellulose acetate owing to increasing demand for eco-friendly, biodegradable, cost-efficient, and versatile cellulose acetate, is a major factor expected to drive growth of the global cellulose acetate market over the forecast period. In addition, increasing demand for cellulose from the textile & apparel industry is another factor anticipated to fuel growth of the target market in the next coming years.

Based on Application (Food & Beverages, Pharmaceutical, Construction, Textile, Cigarette Filter and Others), Textile Segment dominates the market share in year 2019 and is also expected to show dominance during the forecast period. Growing demand for specialty cellulose due to shortfall of cotton supply coupled with increasing application scope in making clothes, home furnishings, and non-woven products is the key factor to drive the specialty cellulose market.

The Asia Pacific market is estimated to be the leading market for Specialty Cellulose during the forecast period. The Asia-Pacific accounted for the largest market share owning to the fastest-growing textile industry and growing residential and commercial construction in the region. China is the leading country in the region owing to the large consumer base, growing disposable income, low labour cost, and easy availability of raw materials.

The Azoth Analytics Research Report titled GlobalSpecialty Cellulose Market provides World Market Review By Product (Acetate, Ethers, Nitrocellulose and Others Specialties), By Application (Food & Beverages, Pharmaceutical, Construction, Textile, Cigarette Filter and Others), By Region (North America, Europe, APAC) and By Country (USA, Canada, Germany, Italy, United Kingdom, China, India, Japan, South Korea, Indonesia) for the historical period of 2015-2019 and the forecast period of 2020-2025.

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