New York - The global market for cellulose fibres is expected to reach US$29,611.1 million by 2020, according to a new study which also shows that at current rates, Austria?s Lenzing continues to dominate the sector with a 17.5 per cent market share.
Low prices of raw material coupled with regulatory supports offered by various countries are expected to be key driving factors for the market. In addition, the augmented demand for clothing and apparel in emerging economies is also expected boost the demand for cellulose fibres. However, fluctuating prices of raw material are expected to be a key challenge for market growth.