Global Regenerated Cellulose Market worth $27.3 billion by 2027

                                                                                                       

The global Regenerated Cellulose Market size is estimated to be USD 18.0 billion in 2022 and is projected to reach USD 27.3 billion by 2027, at a CAGR of 8.7%. Regenerated cellulose is a class of materials produced by converting natural cellulose to a soluble cellulosic derivative and subsequent regeneration, typically forming a fiber (e.g., rayon) or a film (e.g., cellophane). Regenerated Cellulose is usually colourless, non-toxic, and has a lower molecular weight than natural cellulose.

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Regenerated cellulose fibers can be used across various applications, including tire cords, automobile filters, bioplastic films, hygienic and personal care products, abrasives, clothing, and Farming ropes. It is mainly used in the clothing industry in the form of fibers because of its favourable properties, such as absorbency, softness, biodegradability, eco-friendliness, cost-efficiency, smooth surface, breathability, and comfort.

The demand for Regenerated Cellulose is mainly furnished by global players manufacturing for various end-use industries. Some of the leading companies involved in the manufacturing of Regenerated Cellulose are Sateri (China), Sateri, Lenzing AG (Austria), Grasim Industries Limited (India), Kelheim Fibres GmbH (Germany), Fulida Group (China), and Eastman Chemical Company (US). These companies, along with other regional companies, cater to the demand for Regenerated cellulose globally.

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Sateri (China) is the manufacturer of high-quality fibers, such as viscose fibers, Lyocell fibers, recycled fibers, non-woven fabrics, and yarns. The company has  6 manufacturing units, it produces 1.8 million tons of cellulosic fibers. The company offers fibers that can be used in various end-use industries fabrics industries, automotive industries, agricultural industries, and others. These cellulosic fibers can be used to produce, a wide variety of apparel such as blouses, dresses, innerwear, outerwear, etc. The company has its footprint located across Asia, Europe, and the Americas regions.

Lenzing AG (Austria) is a manufacturer and distributor of cellulosic fibers to textile and non-woven industries, the packaging industry, the automotive industry, and others. The company operates in three major segments Pulp division, Fiber Division, and others. The product portfolio of this company consists of various products such as Viscose, Lyocell, Modal, and other filament yarns. Lenzing AG has eight production sites and ten planning and sales offices across the globe. The company supplies its products under various trade names such as VEOCEL (lyocell), TENCEL (lyocell and modal), and LENZING (viscose).

Grasim Industries Limited (India)  a chief company of Aditya Birla Group, is the producer of textiles, chemicals, and other products. There are four working segments of this company which include Viscose, Chemicals, Cement, and Financial Services. The company produces Regenerated cellulosic fibers under its Viscose staple fiber division. The total production units of viscose fibers are four while producing the viscose filament yarns, have two production units.

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Other companies have initiated the following developments:

In February 2021, Sateri has launched its new product FINEX, which is made using recycling fibers up to 20%. Moreover, In March 2021, Sateri plans to expand the production capacity of Lyocell Fibers in China, with a total planned annual capacity of 500,000 tons by 2025.

 

In February 2021, Lenzing AG introduce zero carbon-based TENCEL-branded lyocell fibers for making the textile industry decarbonized. In May 2022, Lenzing AG collaborated with a Belgium-based company i.e.  UTEXBEL, which is a vertically integrated textile group and leader in producing protective wear and workwear fabrics for providing uniforms to security personnel of the Belgian Federal Public Service for Justice (FPS Justice). These uniforms are made up form TENCEL-branded fibers with REFIBRA technology and recycled polyester

In March 2022, Lenzing AG opened the world's biggest lyocell manufacturing plant in Thailand having a production capacity of 100,000 tons.

In March 2022, Grasim Industries Limited, signed an agreement with a Swedish textile-to-textile recycling innovator (Renewcell) to supply high-quality Liva Reviva fibers which are produced from Circulose.

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