Selbyville, Delaware, July 10, 2019 (GLOBE NEWSWIRE) --
The bleached linter cellulose market is predicted to hike from over USD 1000 million in 2018 to around USD 1300 million by 2025, according to a 2019 Global Market Insights, Inc. report. The market growth is due to rapidly growing food industry and massive textile business in Asia Pacific. Increasing product demand from North America pharmaceutical sector will further complement industry growth by 2025.
Despite of having various applications, product demand is likely to be restrained by the presence of various substitutes in the bleached linter cellulose market. Also, the product is used in the production of CMC, acetate, viscose etc., and production for all compounds can also be executed by choosing wood as a raw material. Several companies are engaged in producing cellulose from wood pulp.
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As per the grade, bleached linter cellulose market has been split into technical grade & high grade. High grade possesses a higher growth rate as compared to technical grade due to growing CMC applications across food and pharmaceutical applications. Moreover, technical grade grabs market shares close to 80% of the total industry share, as viscose being a major application segment and is widely used in the production of textiles, non-woven fabrics, etc. which retains the dominant demand share of technical grade in the overall market size.
In terms of applications, viscose segment captured close to 65% of the global bleached linter cellulose market in 2018. Product is broadly used to produce acetate, viscose, cellulose ethers and several other compounds. CMC, a cellulose ether type which is extensively used across various end users including food, pharmaceutical, cosmetics, construction, paper & textile industry. For instance, in construction industry CMC is used in most of the cement and other building materials compositions owing to its stabilizing and hydrophilic properties.
Browse key industry insights spread across 154 pages with 267 market data tables & 23 figures & charts from the report, “Bleached Linter Cellulose Market Size By Grade (High, Technical), By Application (Viscose, Acetate, Ethers, Nitrate), By End-user (Food & Beverage, Pharmaceutical, Textile, Pulp & Paper, Personal Care, Paints & Coatings, Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Greece, The Netherland, Turkey, China, India, Japan, Australia, Thailand, South Korea, Indonesia, Malaysia, Brazil, Mexico, Argentina, South Africa, Egypt, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025” in detail along with the table of contents:
Asia Pacific accounted for the largest share in bleached linter cellulose market in 2018 and is likely to witness gains more than 3.5% in the forecast timeframe. This is due to easy availability of raw materials along with its lower prices mainly in India and China, as they are the key cotton linters producers. Apart from this, end-user industries in Asia Pacific including food, pharmaceutical and personal care industry is growing rapidly due to improving socio-economic factors and will thereby propel the market demand by 2025.
Bleached linter cellulose has a diversified end user segment, as a result there are several players engaged in production to tap more markets to gain profit margins. The bleached linter cellulose market is highly fragmented by the presence of various small and medium scale players. Some of the product manufactures are GRN Cellulose Pvt. Ltd., Shandong Silver Hawk Chemical Fibre, Linter Pak Co, among several others.
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