Lumber fell to 599.02 USD/1000 board feet on July 11, 2025, down 1.89% from the previous day. Over the past month, Lumber's price has fallen 2.99%, but it is still 37.54% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on July of 2025.

Canadian lumber wholesalers have grappled with global lumber price volatility, creating challenging conditions both for wholesalers and for downstream clients like construction contractors, home improvement stores and hardware stores. In 2021 and 2022, the price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. As lumber prices and Canadian residential construction activity have fallen from their respective 2021 and 2022 peaks, so too has revenue for the Lumber Wholesaling industry in Canada. With industry revenue forecast to remain level in 2025 alone, the overall industry is expected to have decreased at a five-year CAGR of 1.8% to reach $15.6 billion in 2025. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. High interest rates stifled previously hot residential construction markets in both Canada in the US till both the Bank of Canada and the Federal Reserve began cutting rates. While this is set to improve construction activity, and therefore demand for lumber, both the Bank of Canada and the Federal Reserve have held rates steady in their most recent 2025 decisions as volatile US-Canada tariff policy has created an uncertain economic situation. The US and Canada have had an ongoing trade dispute over lumber prices since before the US put in place broader tariffs in April 2025. The uncertain business environment caused in part by these tariffs has kept the average industry profit margin from expanding through the end of 2025. Lumber wholesalers are expected to see growth moving forward. Interest rates are expected to be gradually cut over the coming years, stimulating demand from downstream construction markets. In tandem, the selling price of lumber is expected to climb, though it will not likely see the rampant inflation of recent years. Demand for housing construction in Canada demand is also set to remain strong into the near future. Consequently, industry revenue is forecast to expand at a CAGR of 1.4% to $15.6 billion over the five years through 2030.

The price of lumber has seen both an overall increase, and large amounts of volatility since 2019. From its low in early April 2020 to its peak in May 2021, the price per 1,000 board feet of lumber increased almost sevenfold, reaching ***** U.S. dollars. Yet, after reaching this peak the price then fell to below *** U.S. dollars per 1,000 board feet in August 2021 before rising again to reach over 1,000 U.S. dollars in the beginning of 2022. Since then, the price per 1,000 board feet of lumber decreased overall, reaching *** U.S. dollars as of January 29, 2025.

The recent housing market cycle has driven the sawmill and wood production industry’s performance. Initially, the surge in residential construction and renovation in Canada and the US in 2021, spurred by low interest rates and high disposable incomes, drove significant demand for softwood lumber, leading to a 43.5% jump in revenue for industry mills. However, rising interest rates in 2022 cooled housing demand, causing a significant drop in lumber prices and revenue. In 2024, the industry faced ongoing challenges due to rising costs, tariffs and reduced demand, with major companies like West Fraser and Canfor reporting losses and closing mills to correct the supply-demand imbalance for lumber. The longstanding Canada-US trade dispute over softwood lumber continues, with tariffs raised to 14.54% in 2024, prompting Canada to file legal challenges. Further increases are expected to be implemented in 2025. The industry is grappling with the impacts of severe wildfires that hinder mill operations and access to timber resources, further exacerbating economic difficulties. As a result, over the past five years, revenue has fallen at an estimated annualized rate of 4.0% to $18.8 billion through the end of 2025, with low growth of 1.6% forecast for the current year. Future performance will depend on the US and Canadian housing markets, which are facing challenges relating to home affordability. Tariffs from the ongoing softwood lumber dispute between the US and Canada will continue to affect industry sawmills, prompting companies to adapt by improving efficiency or relocating facilities. Market conditions are pushing major lumber players to consolidate operations, with some acquiring mills in the US to bypass tariffs. Natural threats like wildfires and wood-boring insects pose ongoing risks to log supplies essential for sawmill operations. Over the next five years, industry revenue is forecast to grow at a CAGR of 1.7% to $20.5 billion through the end of 2030.

Snapshot img

Reclaimed Lumber Market Size 2024-2028

The reclaimed lumber market size is forecast to increase by USD 8.2 mn at a CAGR of 3% between 2023 and 2028.

The market is experiencing significant growth due to increasing residential and commercial construction activities in North America. This trend is driven by the rising demand for sustainable and eco-friendly building materials. Additionally, the high wages in manufacturing hubs have led to an increase In the production and availability of reclaimed lumber. However, the market faces challenges such as the volatility in raw material prices and the availability of low-cost alternatives. Producers must navigate these factors to maintain profitability and meet the growing demand for reclaimed lumber. Overall, the market is expected to continue its growth trajectory, driven by the increasing focus on sustainability and the availability of ample supply from various sources.

What will be the Size of the Reclaimed Lumber Market during the Forecast Period?

Request Free SampleThe market experiences robust growth driven by the increasing demand for sustainable and eco-friendly construction materials. Reclaimed lumber, sourced from deconstructed buildings, infrastructure modernization projects, and FDI inflows, offers unique aesthetic appeal and authenticity, making it a popular choice for green homes, residential and commercial construction, flooring, furniture, and custom furniture. The market's size is significant, with applications spanning various sectors, including paneling and siding, cross-laminated timber (CLT), and wood-based construction. Environmental awareness and recycling initiatives fuel market expansion. Reclaimed lumber's use in sustainable construction practices, such as energy conservation, seismic performance, and landfill reduction, contribute to its popularity.Product innovation In the sector, including the development of new manufacturing techniques and treatments, further boosts demand. The trend toward sustainable building materials and eco-friendly practices continues to gain momentum, positioning reclaimed lumber as a preferred choice for construction activities.

How is this Reclaimed Lumber Industry segmented and which is the largest segment?

The reclaimed lumber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userCommercialResidentialIndustrialGeographyEuropeGermanyUKNorth AmericaCanadaUSAPACChinaMiddle East and AfricaSouth America

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period. Reclaimed lumber, sourced from deconstruction activities and waste management, holds substantial demand in developed countries for commercial applications. Composite reclaimed lumber is popularly utilized in developing countries due to its cost-effectiveness and versatility. The expansion of commercial building construction activities, driven by the growing service sector in countries like India, fuels the demand for reclaimed lumber. IT, telecommunications, and BPO industries' growth in cities such as Bengaluru and Delhi necessitates increased investments in commercial real estate, primarily in office and retail spaces and the hospitality sector. Wooden reclaimed lumber, including oak wood, longleaf, mountain pine, and steel, is used extensively for paneling, beams, and boards, contributing to sustainable building materials and eco-friendly practices.The adoption of green construction principles, LEED certification, and seismic performance requirements further boosts the market's growth. Wood-based construction materials, such as cross-laminated timber (CLT), offer energy conservation benefits and reduce environmental pollution and landfill reduction. DIY projects, artisanal crafts, antique furniture, and custom-manufactured furniture also utilize reclaimed lumber for its aesthetic appeal and authenticity.

Get a glance at the market report of various segments Request Free Sample

The Commercial segment was valued at USD 30.40 mn in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The European the market is poised for growth due to several factors. These include the rising emphasis on recycling, the superior structural properties of reclaimed lumber, and the increasing demand from industries such as construction, furniture manufacturing, and green building initiatives. Additionally

In 2021, the market volume of polyester based wood coatings in Canada was estimated at 6,700 tons, an increase of roughly three percent compared with 2020. The Canadian polyester based wood coatings market is forecast to grow in the coming years, reaching almost 8,000 tons by 2027.

In 2024, the Canadian wood pellets market was finally on the rise to reach $96M for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $135M in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

In 2021, the market volume of polyurethane (PU) based wood coatings in Canada was estimated at 13,600 tons, an increase of roughly 5.4 percent compared with 2020. The Canadian PU based wood coatings market is forecast to grow in the coming years, reaching almost 17,000 tons by 2027.

Global wood pellet imports spiked by +9.2% y-o-y to $4.5B, reaching the highest point ever. The UK remains the largest wood pellet importer, accounting for 35% of the total global imports. Among leading importers, the Netherlands saw the most prominent growth of supplied volume last year. The average import price for wood pellets grew by +4.3% y-o-y in 2020. The U.S., Vietnam, Canada, Latvia, Russia and Denmark constitute the prime exporters of wood pellets worldwide.

In 2024, after two years of decline, there was significant growth in the Canadian market for wood pulp, excluding mechanical wood pulp, when its value increased by 37% to $513M. Overall, consumption showed a tangible increase. Over the period under review, the market reached the peak level at $548M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

In 2020, China increased its chemical wood pulp imports by +10% y-o-y to 24M tons. It was driven by rising demand for paper packaging and tableware amid the pandemic and further stimulated by a sharp fall in import prices last year. Brazil, Indonesia and Canada are the major suppliers, providing 57% of the total import volume. Bleached sulphate pulp accounted for 95% of total wood pulp imports into China.

According to Cognitive Market Research, the Global Cross Laminated Timber Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

Based on Type, the Custom CLT segment dominates the global Cross Laminated Timber market in the year 2023. Based on this type, the market is divided into custom CLT and blank CLT.
Based on Application, the Residential segment dominated the global Cross Laminated Timber market. Based on Application, the global Cross Laminated Timber market is segmented into residential, educational institutes, government/public buildings, and commercial spaces.
Based on Application type, the Structural applications segment dominated the global Cross Laminated Timber market. Based on Application type, the global Cross Laminated Timber market is segmented into structural applications and non-structural applications.
Based on Element Type, the Wall panels segment dominates the global Cross Laminated Timber market in the year 2023. Based on element type, the market is divided into wall panels, flooring panels, roofing slabs, and others.
Based on Raw materials, the Spruce segment dominates the global Cross Laminated Timber market in the year 2023. Based on Raw materials, the market is divided into spruce, pine, fir, and others.
Based on the Bonding Method, the Adhesively bonded method segment dominates the global Cross Laminated Timber market in the year 2023. Based on the Bonding Method, the market is divided into adhesively bonded and mechanically fastened
Based on the Panel Layers, the 3-ply panel segment dominates the global Cross Laminated Timber market in the year 2023. Based on the Panel Layers, the market is divided into 3-ply, 5-ply, 7-ply, and others.
Based on the Adhesive type, the Polyurethane (PUR) adhesive segment dominates the global Cross Laminated Timber market in the year 2023. Based on the adhesive type, the market is divided into PUR (polyurethane), PRF (phenol resorcinol formaldehyde), MUF (melamine-urea-formaldehyde), and others.
The Europe region accounted for the highest market share in the Global Cross Laminated Timber Market. 
Over the course of the projection period, North America is expected to increase at the fastest rate.

CURRENT SCENARIO OF THE CROSS LAMINATED TIMBER MARKET

Key factors driving the growth of the Cross Laminated Timber Market

Increasing Demand from the Residential Sector to boost market growth

Cross-laminated timber is a structured wood panel made from glueing layers of solid-sawn lumber, usually oriented perpendicular to adjacent layers in a symmetric way which are used as load-bearing parts for building frames, such as walls, floors, and roofs. Cross-laminated timber is also used in façade cladding and interior lining.

It has been noted that the building and construction sector has shown tremendous growth in the past few years.

According to Statistics Canada, during the fourth quarter of 2022, overall investment in building and construction in Canada has reduced by 1.9% which was valued at USD 61.3 billion. Residential sector has reduced to USD 44.8 billion by 3.4%, whereas, non-residential sector grown by 2.6% to USD 16.5 billion. (Source;https://www150.statcan.gc.ca/n1/daily-quotidien/231120/dq231120a-eng.htm)

The residential sector dominated the use of cross-laminated timber in construction. Japan leads in the usage of cross-laminated timber globally, followed by Germany, the United Kingdom, Italy, and Canada.

Over the past few years, Japan has been witnessing a shift from concrete construction materials to sustainable alternatives like cross-laminated timber. This can be attributed to the rising environmental concerns coupled with the advantageous properties of cross-laminated timber which include lightweight, strength, durability, stability, design variety, enhanced insulation, and fire resistance.

According to the Japanese Ministry of Land, Infrastructure, Transport, and Tourism (MLIT), In 2021, wooden structures were the leading structures utilized for housing construction in Japan, with 502300 construction dwelling units built with timber structures when compared to 469300 units in 2020.

According to the US Census Bureau, the value of new private home construction reached USD 628.9 billion in 2020 and registered a growth rate of 23.4% when compared to USD 776.21 bil...

American OSB imports shot up due to the construction boom that has been seen in the country. The unprecedented demand for wood products leads to record hikes in prices that are relevant not only for OSB but the entire wood industry. Canada is the only major supplier of OSB to the U.S., holding approx. 30% share in the market. Canadian producers thus thrive from the American construction boom.

The North American Oriented Strand Board (OSB) market, valued at approximately $10 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is driven by several key factors. The burgeoning construction industry, particularly residential building, fuels significant demand for OSB as a cost-effective and versatile building material. Furthermore, increasing infrastructure development projects across the United States, Canada, and Mexico contribute to this growth trajectory. The rising popularity of OSB in furniture manufacturing and packaging applications also adds to market momentum. However, fluctuations in raw material prices (wood chips, resins) and potential environmental concerns related to deforestation pose challenges. The market is segmented by OSB grade (OSB/1, OSB/2, OSB/3, OSB/4) and end-user industry (furniture, construction, packaging). While the construction sector dominates, the furniture and packaging segments are experiencing notable growth, driven by demand for sustainable and affordable materials. Geographic distribution shows the United States as the largest market, followed by Canada and Mexico, with each region reflecting the distinct dynamics of its construction and manufacturing sectors. Leading players like Egger Group, Georgia-Pacific, and West Fraser are leveraging technological advancements and strategic partnerships to maintain their market share and cater to evolving consumer demands. The forecast period reveals a consistent upward trend, with anticipated growth fueled by ongoing investments in infrastructure and housing. However, sustained growth depends on effective management of raw material costs, sustainable forestry practices, and the ability to adapt to evolving building codes and regulations. The market's competitiveness will intensify, driven by technological innovations and the entrance of new players. Companies are expected to focus on product differentiation, value-added services, and strategic collaborations to secure a strong position in this dynamic and expanding market. Future market success will hinge on adapting to evolving consumer preferences, embracing sustainable practices, and maintaining cost-effectiveness. Recent developments include: October 2022: Martco LLC revealed that Corrigan OSB LLC, its Texas subsidiary, would build a second-oriented strand board (OSB) production facility near its present, state-of-the-art OSB factory in Corrigan, Texas. This expansion will meet the region's demand for Oriented strand boards (OSB)., August 2021: RoyOMartin announced an investment of USD 211 million for the new Oriented Strand Board (OSB) plant in Texas, United States. In accordance with this new OSB plant, the company will meet the regional demand for OSB.. Key drivers for this market are: Rapidly expanding construction industry, Rise in imports and export, leading to increased packaging. Potential restraints include: Rapidly expanding construction industry, Rise in imports and export, leading to increased packaging. Notable trends are: Rising Demand for Oriented Strand Board (OSB) from the Construction Industry.

According to Cognitive Market Research, The Global Cedar Wood market size will be USD 0.35 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.

The global Cedar Wood market will expand at a significant rate of 6.9% CAGR between 2023 and 2030.
The demand for Cedar Woods is rising due to the rise in demand from the pharmaceutical sector. 
Demand for Conventional remains higher in the Cedar Wood market.
The Offline category held the highest Cedar Wood market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Cedar Wood market will experience the strongest growth until 2030.

Rise In Demand From Pharmaceutical Sector to Provide Viable Market Output

The growing demand from the pharmaceutical industry is driving significant growth in the Cedar Wood Market. Cedarwood is prized for its natural fragrant components and healing qualities. The pharmaceutical sector is using it more and more to extract essential oils and active substances for use in a variety of therapeutic goods, such as ointments, herbal medicines, and natural treatments.

As per data from the Canadian Construction Association, the construction sector stands as one of the leading employers, providing jobs for approximately 1.4 million individuals, and is a substantial contributor to the nation's economic prosperity. Notably, this industry is comprised of around 70% of small and medium-sized enterprises (SMEs), and it plays a crucial role by contributing approximately 7.5% to the country's Gross Domestic Product (GDP).

(Source: www.cca-acc.com/about-us/value-of-industry/)

With the growing preference for natural and holistic healthcare solutions, cedarwood's applications in pharmaceuticals are expanding, significantly driving the demand for cedarwood and positioning it as a valuable resource in the market.

Technology Innovations to Propel Market Growth

Technology innovations are driving the Cedar Wood Market by improving sustainability and resource management. Advanced forestry techniques, such as drone-assisted tree monitoring and selective harvesting, allow for more sustainable cedar wood sourcing. Additionally, new treatment technologies enhance the durability and longevity of cedar wood, expanding its range of applications.

In October 2022, doTERRA introduced a range of fresh essential oils sourced naturally and sustainably. This latest collection encompasses eucalyptus essential oil and guaiac wood essential oil.

(Source: www.doterra.com/IN/en_IN)

Digital marketing and e-commerce platforms make it easier for consumers and businesses to access cedar wood products. Furthermore, improved supply chain management and tracking technologies ensure efficient distribution. These technological advancements contribute to the cedar wood market's growth and environmental sustainability.

Market Dynamics For The Cedar Wood Market

Key Drivers for Cedar Wood Market

High Durability and Natural Resistance Properties: Cedar wood is well-known for its ability to resist decay, insects, and moisture, which makes it a favored option for outdoor furniture, decking, fencing, and siding. Its durability decreases the need for frequent replacements, appealing to both commercial and residential users.

Aesthetic Appeal and Aromatic Qualities: Featuring its deep reddish tones, fine grain, and fragrant oils, cedar wood is highly sought after for interior uses such as wardrobes, closets, paneling, and handcrafted furniture. Additionally, its aroma naturally deters pests, enhancing its functional benefits.

Rising Use in Sustainable and Green Building Projects: As consumers and developers increasingly embrace eco-friendly construction practices, cedar wood—recognized as a renewable and biodegradable resource—has become more popular. Certification standards like FSC (Forest Stewardship Council) further encourage its application in sustainable architecture.

Key Restraints for Cedar Wood Market

Limited Availability and Regional Supply Concentration: Cedar is not extensively accessible in all regions and is primarily obtained from North America and certain areas of Asia. This geographical concentration results in supply limitations and increased costs in markets reliant on imports.

Price Volatility Due to Logging Regulations and Weather: Restrictions on logging aimed at forest conservati...

General-Line Building Supplies Wholesalers in Canada distribute a broad range of building supplies that can include lumber, hardware, plumbing and electrical supplies, paint and glass to a plethora of downstream industries, most notably those in the construction sector. The industry benefited from positive trends that spurred residential construction activity domestically and in the neighbouring United States in 2020 and 2021. Despite broader disruptions created by the COVID-19 pandemic, a boom in home building, remodeling and renovation activity bolstered industry performance. High inflation also drove up revenue in these years as rising materials costs were passed along to customers; the industry has spent the rest of the five year period receding from this spike in revenue. In 2022, the Bank of Canada consistently began raising or maintaining high interest rates, cooling the residential construction market, till rate cuts began in 2024. Total industry revenue has declined at an expected CAGR of 0.3% to reach $11.7 billion through the end of 2025. This includes an expected increase in revenue of 1.4% in 2025 alone amid rate cuts. Wholesalers have continued to contend with adversity in the form of competition from large suppliers. Various large upstream manufacturers have developed their own in-house distribution divisions to replace wholesalers. This has posed a challenge for wholesalers, forcing companies to hold down prices to compete, slightly driving down industry profit. Many wholesalers, particularly small- and medium-sized dealers, have left the industry, while others have adapted by merging or acquiring smaller dealers. Overall, this has led to industry consolidation through the end of 2025. Industry performance is set to return to growth during the outlook period, rising at a CAGR of 1.4% to $12.5 billion through the end of 2030. Nonresidential markets, in particular, are forecast to rebound. Favourable eco-friendly tax measures on the part of government sources will likely further stimulate downstream renovation and remodeling activity. Still, rising uncertainty around tariff policy threatens to disrupt upstream building materials supply chains and disrupt downstream construction activity.

Kraft Pulp rose to 5,196 CNY/T on July 11, 2025, up 1.48% from the previous day. Over the past month, Kraft Pulp's price has fallen 0.95%, and is down 8.52% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Kraft Pulp.

Snapshot img

Cellulose Fiber Market Size 2024-2028

The cellulose fiber market size is forecast to increase by USD 17.62 billion at a CAGR of 9.55% between 2023 and 2028. The market is experiencing significant growth, driven primarily by the increasing demand from the textile industry. This sector's preference for cellulose fibers over petrochemical alternatives is on the rise due to their eco-friendly and sustainable attributes. Natural fibers like cotton, jute, flax, hemp, and plant-based materials are also integral to this market.

Major Market Trends & Insights

Asia Pacific dominated the market and accounted for a 40% share in 2022.
China cellulose fiber market is expected to grow significantly over the forecast period.
Based on application, the apparel segment led the market and was valued at USD 11.91 billion of the global revenue in 2022.
Based on type, the synthetic segment accounted for the largest market revenue share in 2022.

Market Size & Forecast

2024 Market Size: USD 33.22 Billion
Future Opportunities: USD 17.62 Billion
CAGR (2024-2029): 9.55%
Asia-Pacific: Largest market in 2022

The market continues to evolve, driven by the diverse applications across various sectors. Specialty Paper, Food Packaging, fiber-based packaging, paper towels, and sanitary products are prominent areas of growth. Cellulose ethers and viscose fibers find extensive use in these applications due to their unique properties, including fiber length, brightness, and flexibility. The circular economy is gaining momentum, leading to increased demand for recycled pulp and bio-based materials. Environmental impact and sustainability are key considerations, with a focus on reducing carbon footprint and promoting renewable resources. Absorbent materials, such as cellulose acetate and wood pulp, are essential in industries like hygiene and medical applications.

What will be the Size of the Cellulose Fiber Market during the forecast period?

Request Free Sample

Industrial packaging, building materials, and advanced materials also utilize cellulose nanomaterials, including cellulose nanocrystals and nanofibrils. The Industrial segment is the second largest segment and was valued at USD 7.17 billion in 2022. Fiber processing techniques, including fiber refining and sizing, play a crucial role in optimizing fiber properties, such as strength, density, and absorbency. Consumer goods packaging, Tissue Paper, and non-woven fabrics are other areas benefiting from these advancements. Cellulose Derivatives, such as cellulose nanocrystals and nanofibrils, are increasingly used in functional materials, including fiber blends and sizing agents. The continuous innovation in fiber technology is expected to further expand its applications, ensuring the market's dynamism in the years to come.
The market's growth trajectory is not without challenges. Stringent regulations related to cellulose fiber products pose a significant obstacle. These regulations, aimed at ensuring product safety and environmental sustainability, necessitate compliance with rigorous standards. Companies operating in this market must invest in research and development to meet these requirements and maintain their competitive edge.
Navigating these regulations effectively will be crucial for market success. Additionally, staying abreast of evolving consumer preferences and technological advancements will be essential for companies seeking to capitalize on the opportunities presented by the growing demand for cellulose fibers.

How is this Cellulose Fiber Industry segmented?

The cellulose fiber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2021-2022 for the following segments.

Application

  Apparel
  Industrial
  Hygiene
  Others


Type

  Synthetic
  Natural


End-User

  Industrial
  Consumer Goods
  Construction


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The apparel segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 11.91 billion in 2022. It continued to the largest segment at a CAGR of 7.22%.

Cellulose fibers, derived from renewable resources such as wood pulp and agricultural waste, are increasingly used in various industries due to their unique properties and environmental benefits. In textiles, cellulose fibers like Viscose, rayon, Tencel, lyocell, and modal offer superior moisture absorption compared to natural fibers like cotton. This moisture-wicking ability keeps the wearer comfortable and regulates body temp