Cellulose Derivatives Market Size

Statistics for the 2023 & 2024 Cellulose Derivatives market size, created by Mordor Intelligence™ Industry Reports. Cellulose Derivatives size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Cellulose Derivatives Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Cellulose Derivatives Market Summary
Study Period 2019 - 2029
Market Volume (2024) 7.10 Million tons
Market Volume (2029) 9.84 Million tons
CAGR (2024 - 2029) > 6.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Cellulose Derivatives Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Cellulose Derivatives Market Analysis

The Cellulose Derivatives Market size is estimated at 7.10 Million tons in 2024, and is expected to reach 9.84 Million tons by 2029, growing at a CAGR of greater than 6.5% during the forecast period (2024-2029).

The cellulose derivatives market was negatively impacted, and its growth and stability were hindered by the spread of the COVID-19 pandemic worldwide in 2020. Governments across the world imposed specific parameters and regulations, which caused the market to experience challenges such as the unavailability of raw materials, transportation limitations, and a reduced workforce. Further, as countries worldwide started to work on recovering their socioeconomic state in 2021, the market also started to witness recovery and growth due to rising investment and other business activities across the end-user industries.

Major factors driving the market studied are the increasing demands from the pharmaceutical industry and the growing use of cellulose ether in the building and construction industry.

The major hindrance to this market is the competition for regenerated cellulose fibers from synthetic fibers and other protein-based fibers. Manufacturers often prefer switching toward inexpensive synthetic materials, like polyester, to cut down their production costs. In addition, synthetic fibers possess superior characteristics of adaptability, durability, elasticity, and strength equal to that of VSF, making it a suitable choice for manufacturers.

The innovation of biofuels as a promising renewable energy source through the use of cellulose is a significant opportunity for the growth of the market.

Asia-Pacific accounted for the highest market share, and the region is also likely to dominate the market during the forecast period.

Cellulose Derivatives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)