Market Insights
Wood-based fibers are made from cellulose, a naturally occurring polymer that is extracted from plant-based materials, and are then further shaped into fibers using different technologies, including viscose, modal, and lyocell, with chemical structures that are identical to those of natural fibers such as cotton and wool.
The emergence of the pandemic has impacted consumer spending in a number of sectors. A wide range of effects due to the pandemic, negatively impacted end-use markets for wood-based fibers, including apparel, home textiles, automotive, and more, due to which the demand for the product was significantly reduced during the pandemic period.
The market for wood-based fibers is anticipated to grow as the textile industry expands across many nations. In addition, due to their sustainability qualities, wood-based cellulosic fibers have seen a significant rise in interest in recent years. The textile industry values the unique qualities that each type of fiber possesses, so over the coming years, they will all be highly favored. Collectively, all the mentioned factors would drive the wood-based fibers market to grow at a promising CAGR of 6.5% over the coming five years.
Segment Analysis
Based on the application type, the market is segmented into apparel & textile, healthcare (including personal care), automotive & transportation, and other applications. Apparel & textile application is expected to remain the biggest demand generator for wood-based fibers in the market during the forecast period owing to the increasing preference of the product in the textile industry across the world.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for wood-based fibers during the forecast period, owing to the increasing demand for the product from key countries in the region, which include India and China. Furthermore, the textile industry plays a vital role in the economies of various countries in the region.
Key Players
The following are the key players in the wood-based fibers market:
- Lenzing
- Sappi
- Aditya Birla Group
- Rayonier Advanced Materials
- Bracell
- Aoyang Technology
- Asahi Kasei Corporation
- Kelheim Fibres GmbH
- Sandong Yamei
- Spinnova Plc
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s wood-based fibers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The wood-based fibers market is segmented into the following categories:
Wood-Based Fibers Market, by Type
- Viscose (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Modal (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Lyocell (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Cupro (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Types (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Wood-Based Fibers Market, by Application Type
- Apparel & Textile (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Healthcare (Including Personal Care) (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
- Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Wood-Based Fibers Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
