Growing demand for renewable and sustainable feedstock usage will drive the cellulose film demand over the next six years.
San Francisco, California (PRWEB) January 30, 2015
Volatile petrochemical prices and depletion of fossil fuel reserves will drive the global cellulose film market over the forecast period. Cost effective alternative to conventional petrochemicals will act favorably towards the cellulose film market. Growing demand for renewable and sustainable feedstock usage will drive the cellulose film demand over the next six years. Favorable environmental norms & regulations will be helping the market growth over the forecast period. Bio-based polylactic acid is a potential threat to cellulose films in terms of their mechanical properties and good tensile properties. End-use applications include mulch films, packaging, containers, hygiene disposable, textile sizing agents and adhesives.
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Asia Pacific emerged as the dominant regional cellulose film market in 2013 owing to the rapid growth in industrialization rate in emerging countries such as China and India. Population growth and increase in disposable income among the consumers will have a positive impact on the regional market. South America cellulose film market is also expected to witness significant growth over the forecast period. These emerging countries are naturally benefited as there is easy access to feedstock. Strict environmental norms for reducing the release of Green House gases in the environment in Europe will be beneficial to the regional market. North America will witness considerate growth over the forecast period owing to growing demand for cellulose films in Mexico.
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Global cellulose films market is highly concentrated and penetrating the market is next to impossible for new entrants. Major market participants include Eastman Chemical, Innovia Films, Sateri and FkuR.
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