Man-Made Cellulosic Fibers Global Market Opportunities and Strategies to 2034

This report describes and explains the man-made cellulosic fibers market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global man-made cellulosic fibers market reached a value of nearly $10.82 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.51% since 2019. The market is expected to grow from $10.82 billion in 2024 to $14.57 billion in 2029 at a rate of 6.13%. The market is then expected to grow at a CAGR of 5.91% from 2029 and reach $19.42 billion in 2034.

Growth in the historic period resulted from the growth in hygiene and nonwoven demand, growth of the textile and fashion industries, rising environmental concerns and investments in circular and recycling technologies. Factors that negatively affected growth in the historic period were stringent regulations and competition from synthetic fibers.

Going forward, the growing corporate ESG commitment, rising demand for sustainable textiles, expansion into automotive and industrial applications and expansion of home and interior textiles will drive the growth. Factors that could hinder the growth of the man-made cellulosic fibers market in the future include high production costs, chemical pollution and trade war and tariffs.

Asia Pacific was the largest region in the man-made cellulosic fibers market, accounting for 40.80% or $4.41 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the man-made cellulosic fibers market will be Middle East and Africa where growth will be at CAGRs of 8.01% and 7.72% respectively. These will be followed by Eastern Europe and South America where the markets are expected to grow at CAGRs of 7.60% and 6.44% respectively.

The global man-made cellulosic fibers market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 34.73% of the total market in 2024. Aditya Birla Group (Grasim Industries) was the largest competitor with a 10.42% share of the market, followed by Lenzing AG. with 5.08%, Tangshan Sanyou Group with 3.72%, Xinxiang Chemical Fiber Co., Ltd. (Bailu Group) with 3.59%, Sateri Holdings Limited with 3.45%, Xinjiang Zhongtai Chemical Co. Ltd. with 2.91%, Cerdia International (ex-Rhodia Acetow) with 1.65%, Formosa Chemicals & Fibre Corporation. with 1.54%, Jilin Chemical Fiber Group with 1.29% and Wuliangye Yibin Co., Ltd. (Yibin Grace Group Co.Ltd.). with 1.07%.

The man-made cellulosic fibers market is segmented by type into viscose, modal, lyocell, acetate and other types. The viscose market was the largest segment of the man-made cellulosic fibers market segmented by type, accounting for 65.44% or $7.08 billion of the total in 2024. Going forward, the lyocell segment is expected to be the fastest growing segment in the man-made cellulosic fibers market segmented by type, at a CAGR of 17.06% during 2024-2029.

The man-made cellulosic fibers market is segmented by application into apparel, home textiles, industrial and other applications. The apparel market was the largest segment of the man-made cellulosic fibers market segmented by application, accounting for 66.03% or $7.14 billion of the total in 2024. Going forward, the industrial segment is expected to be the fastest growing segment in the man-made cellulosic fibers market segmented by application, at a CAGR of 7.24% during 2024-2029.

The man-made cellulosic fibers market is segmented by production process into wet spinning, dry spinning and other production processes. The wet spinning market was the largest segment of the man-made cellulosic fibers market segmented by production process, accounting for 85.44% or $9.24 billion of the total in 2024. Going forward, the dry spinning segment is expected to be the fastest growing segment in the man-made cellulosic fibers market segmented by production process, at a CAGR of 7.71% during 2024-2029.

The man-made cellulosic fibers market is segmented by sustainability attributes into biodegradable, renewable and recyclable. The renewable market was the largest segment of the man-made cellulosic fibers market segmented by sustainability attributes, accounting for 60.92% or $6.59 billion of the total in 2024. Going forward, the biodegradable segment is expected to be the fastest growing segment in the man-made cellulosic fibers market segmented by sustainability attributes, at a CAGR of 6.42% during 2024-2029.

The top opportunities in the man-made cellulosic fibers markets segmented by type will arise in the viscose segment, which will gain $1.76 billion of global annual sales by 2029. The top opportunities in the man-made cellulosic fibers markets segmented by application will arise in the apparel segment, which will gain $2.65 billion of global annual sales by 2029. The top opportunities in the man-made cellulosic fibers markets segmented by production process will arise in the wet spinning segment, which will gain $3.09 billion of global annual sales by 2029. The top opportunities in the man-made cellulosic fibers markets segmented by sustainability attributes will arise in the renewable segment, which will gain $2.25 billion of global annual sales by 2029. The man-made cellulosic fibers market size will gain the most in the USA at $710.26 million.

Market-trend-based strategies for the man-made cellulosic fibers market include developing textile dissolving pulp mills, expanding portfolio offerings to include more sustainable, high-performance and specialty fibers, developing new trial initiatives to accelerate circular production and strategic partnerships and collaboration to expand production capabilities.

Player-adopted strategies in the man-made cellulosic fibers market include focus on strategic through partnerships and focus on strategic and expanding its operational capabilities through new launches.

To take advantage of the opportunities, the analyst recommends the man-made cellulosic fibers market companies to focus on expanding textile dissolving pulp production for sustainable growth, focus on expanding sustainable and high-performance fiber portfolios, focus on advancing circular production through trial initiatives, focus on expanding in the lyocell segment to capture high-growth opportunities, focus on expanding in the dry spinning segment to strengthen market position, focus on expanding in the biodegradable segment to capture high-growth opportunities, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships to accelerate circular and sustainable fiber production, focus on competitive value-based pricing to strengthen market position, focus on strengthening brand visibility through sustainability communication, focus on expanding digital and collaborative and marketing initiatives, focus on expanding in the industrial segment to capture high-growth opportunities.