Market Size of Cellulosic Polymers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cellulosic Polymers Market Analysis
The market for cellulosic polymers is expected to register a CAGR of more than 5.5% during the forecast period (2022-2027).
The COVID-19 pandemic impacted the market negatively; however, the market has now been estimated to have reached pre-pandemic levels.
- The major factors driving the market studied are the increasing demand for apparel and clothing and the use of cellulose ether in the building and construction industry.
- The competition of regenerated cellulose fibers from synthetic fibers and other protein-based fibers and reduced demand for cigarettes, affecting the market for cellulose acetate flakes, are expected to hinder the growth of the market studied.
- The regenerated cellulose segment accounted for the largest share of the total volume of the market studied.
