Cellulose Fibers Market to Witness Comprehensive Growth by 2018
A recent study by Transparency Market Research (TMR) forecasts that the global cellulose fibers market will grow at a CAGR of 9.8% between the years 2012 to 2018. TMR, a market intelligence firm based in the United States, in its report says that the glycolic acid market which was valued at US$12.63 billion in 2011 will report a market value worth US$24.17 billion by 2018. The report is titled ‘ Cellulose Fibers Market – Global Industry Analysis, Size Share, Growth, Trends and Forecast, 2012 – 2018 ’. According to this research report, the global cellulose fibers market is propelled by rising demand for skin friendly, eco-friendly, and biodegradable fabrics from the textile market. Some of the extensively used man-made cellulose fibers include rayon and its various types like viscose fibers, triacetate, and acetate. The production of man-made cellulose fibers involves the application of cheaper and renewable feedstock as against their synthetic alternatives. Re...