Global Wood-based Fibers Market Sector: Types, Applications, Market Player Strategies, Regional Growth Insights, and Future Projections (2024 - 2031)

The "Wood-based Fibers Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Wood-based Fibers market is expected to grow annually by 14.7% (CAGR 2024 - 2031).

This entire report is of 165 pages.

Wood-based Fibers Introduction and its Market Analysis

The wood-based fibers market research report analyzes current market conditions for wood-based fibers, a type of sustainable and biodegradable material used in various industries. The target market for wood-based fibers includes textiles, automotive, construction, and packaging sectors. Major factors driving revenue growth include increasing demand for eco-friendly products, growing awareness of sustainability, and rising adoption of wood-based fibers in various applications. Key companies operating in the market are Lenzing, Sappi, Aditya Birla Group, Bracell, and Asahi Kasei Corporation. The report's main findings highlight the lucrative opportunities in the wood-based fibers market and recommend strategic collaborations and innovations to capitalize on the growing demand for sustainable materials.

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The global wood-based fibers market is experiencing significant growth, driven by the rising demand for sustainable and eco-friendly materials in various industries. The market is segmented based on types such as Viscose, Modal, Lyocell, Cupro, and Other Types, with applications including Apparel & Textile, Healthcare, Automotive & Transportation, and Other Applications.

Regulatory and legal factors specific to market conditions play a crucial role in shaping the growth of the wood-based fibers market. Governments around the world are implementing stringent regulations to promote the use of sustainable materials and reduce the carbon footprint of industries. This has led to an increased focus on the adoption of wood-based fibers as a more environmentally friendly alternative to traditional synthetic fibers.

Market players are also investing in research and development to enhance the properties of wood-based fibers and expand their applications in various sectors. With the growing awareness about sustainability and environmental conservation, the wood-based fibers market is expected to witness continued growth in the coming years.

Top Featured Companies Dominating the Global Wood-based Fibers Market

The wood-based fibers market is highly competitive with key players such as Lenzing, Sappi, Aditya Birla Group, Bracell, and Asahi Kasei Corporation leading the industry. These companies primarily operate in the production and sale of wood-based fibers like viscose, lyocell, and modal, which are widely used in textiles, nonwoven fabrics, and other applications due to their sustainable and environmentally friendly nature.

Lenzing, for example, is a global leader in the production of wood-based fibers, particularly its TENCEL™ and LENZING™ ECOVERO™ brands. Sappi, on the other hand, is known for its dissolving wood pulp used in the production of specialty textiles. Aditya Birla Group is one of the largest producers of viscose fibers in the world, with a strong focus on sustainability and innovation. Bracell specializes in the production of dissolving wood pulp and operates one of the largest production facilities in Brazil. Asahi Kasei Corporation is a Japanese company that produces Bemberg™, a premium wood-based fiber used in high-end textiles.

These companies drive the growth of the wood-based fibers market by investing in research and development, expanding their production capacities, and forming strategic partnerships with key stakeholders in the industry. They also promote sustainability and responsible sourcing practices to meet the increasing demand for eco-friendly fibers in the global market.

In terms of sales revenue, Lenzing reported approximately € billion in 2020, Sappi reported sales of around $4.3 billion in the same year, and Aditya Birla Group reported sales exceeding $46 billion in the fiscal year 2021. These figures reflect the significant market presence and financial strength of these companies in the wood-based fibers industry.

• Lenzing
• Sappi
• Aditya Birla Group
• Bracell
• Asahi Kasei Corporation

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Wood-based Fibers Market Analysis, by Type:

• Viscose
• Modal
• Lyocell
• Cupro
• Other Types

Viscose, Modal, Lyocell, Cupro, and other wood-based fibers are increasingly popular in the textile industry due to their sustainability, softness, and breathability. Viscose is known for its silk-like feel, while Modal offers enhanced strength and durability. Lyocell, on the other hand, is prized for its eco-friendly production process. Cupro is a luxurious fiber with a silky finish. Together, these wood-based fibers are driving demand in the market as consumers become more conscious of environmental impact and seek out eco-friendly alternatives to traditional materials. Their versatility and sustainable properties make them highly sought after in the industry.

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Wood-based Fibers Market Analysis, by Application:

• Apparel & Textile
• Healthcare (Including Personal Care)
• Automotive & Transportation
• Other Applications

Wood-based fibers are increasingly used in various applications. In the apparel and textile industry, they are used to create sustainable fabrics with a soft, luxurious feel. In healthcare, wood-based fibers are used in products such as wound dressings and personal care items due to their absorbent and antibacterial properties. In the automotive industry, these fibers are used in interior components for their strength and durability. The fastest growing application segment in terms of revenue is healthcare, as there is a growing demand for environmentally friendly and sustainable products in this industry.

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Wood-based Fibers Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The wood-based fibers market is expected to experience significant growth in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. North America, particularly the United States and Canada, is expected to dominate the market with a market share of around 30%. Europe, including Germany, France, ., and Russia, is also projected to have a substantial market share of approximately 25%. In Asia-Pacific, countries like China, Japan, India, and Indonesia are expected to contribute around 20% to the market share. Latin America and Middle East & Africa regions are expected to have a combined market share of around 15%.

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