PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339170
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339170
The global dissolving pulp market size is expected to reach USD 7452.97 million by 2032, according to a new study by Polaris Market Research. The report "Dissolving Pulp Market Share, Size, Trends, Industry Analysis Report, By Manufacturing Process (Acetylation, Etherification, Nitration, Xanthation, and Others); By Raw Material; By End-Use; By Region; Segment Forecast, 2019 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The significant increase in the product usage in textile industry and growing product consideration as a potential substitute for the cotton, that leads to higher demand from various industrial applications and prevalence regarding the utilization in cosmetics & personal care and pharmaceuticals, are among the prominent factors influencing the growth of the market. Moreover, surge in the R&D activities and high penetration for technological advancements coupled with the introduction to new improved products with advanced characteristics, is contributing positively towards the growth of the market.
For instance, in July 2022, Sateri, announced the launch of its three new zero-carbon fiber products including EcoCosy, Lyocell, & FINEX, that have receiver the PAS2060 assessment certification, and becomes a milestone in company's journey for green and low-carbon sustainable development.
Growing focus for the process integration that involves integrating different stages of the pulp production process to reduce energy consumption and improve efficiency is gaining huge traction globally. As, by recycling and reusing materials and energy, process integration can drastically reduce the environmental impact of the pulp production process and help environment to be better.
Furthermore, the rising usage of by-products of the dissolving pulp production process such as lignin and hemicellulose, in order to produce a range of other products including biofuels, biochemicals, and bioplastics and surging penetration among companies that can diversify their product offerings by using these by-products effectively can create new revenue streams and improve their sustainability profile in the near future.
Acetylation segment accounted for the considerable market share in 2022, on account of growing usage of the technique or process in various non-traditional applications like cellophane and others
Wood pulp segment held the maximum market revenue share in 2022, which is mainly driven by growing utilization as renewable source releasing lesser emissions and being widely accepted among eco-friendly customers
Textiles segment is anticipated to witness highest growth during the projected period, mainly due to change in people clothing style and introduction to new deigns and styles on regular basis
Asia Pacific region dominated the market with substantial revenue share in 2022, owing to presence of large consumer base and significant expansion in the textile industry across the region
The global key market players include: Nippon Paper Industries, The Lenzing Group, Sun Paper Group, Phoenix Pulp & Paper Public Co., Bracell, Sappi Limited, and Aditya Birla Group
Polaris Market Research has segmented the dissolving pulp market report based on manufacturing process, raw material, end-use, and region: