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The global speciality cellulose market is anticipated to reach US$2.26 billion in 2024, growing at a CAGR of 3.36% during the period spanning from 2020 to 2024.
The global speciality cellulose market demand is predicted to grow at a CAGR of 3.46% during the period spanning from 2020 to 2024 and reach 1.73 million tonnes in 2024. Factors such as increasing cigarette consumption, surging global population and biodegradability of cellulose acetate boosted the market demand for speciality cellulose.
The increasing global primary forest loss is expected to act as a challenge for the market while the rising application of speciality cellulose in pharmaceutical industry would help the market in restoring growth.