Kapok Fiber Market to Reach US$975.2 million by 2027 - IndustryARC

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Kapok Fiber Market size is forecast to reach US$975.2 million by 2027, after growing at a CAGR of 4.2% during 2022-2027.

HYDERABAD, TELANGANA, INDIA, January 24, 2023 /EINPresswire.com/ -- The kapok fiber market size is forecast to reach US$975.2 million by 2027, after growing at a CAGR of 4.2% during 2022-2027. Globally, the rising need of kapok fiber or ceiba pentandra in the furniture industry for cushioning and filling purposes, is driving the market growth. Kapok fiber exhibits good anti-microbial characteristics, it is hydrophobic, and have an excellent thermal and acoustic insulating properties, good oil and other non-polar liquids absorbency, and high buoyancy. New potentials of this cellulosic fiber have been in the field of technical textiles, yachts and boats furnishing, electronics sector, acoustic insulation, industrial wastewaters filtration, insulating materials in refrigeration systems, removal of spilled oil from water surfaces, and reinforcement components in polymer composites. Moreover, the rising requirement of kapok fiber in textile and apparel industry for making natural fabrics, by blending with other fibers such as cotton in order to save water, is surging the demand for kapok fiber market in the forecast period.

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Key takeaways:

This IndustryARC report on the kapok fiber market highlights the following areas -

1. The Asia Pacific region dominates the kapok fiber market owing to the rising growth and increasing investments in the building & construction industry. For instance, according to the Government of Canada, in 2020, the government announced the contribution of more than US$ 22.6million for community infrastructure for the benefit of central interior communities.

2. Rapidly rising demand for the global kapok fiber in the electrical and electronics industry for insulation application has driven the growth of the kapok fiber market.

3. The increasing demand for the global kapok fiber in the pulp & paper industry, due to its usage in the pulping, papermaking, and especially for packaging paper, has been a critical factor driving the growth of the kapok fiber market in the upcoming years.

4. However, the problems associated with the kapok fiber and availability of synthetic substitute, can hinder the growth of the kapok fiber market.

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Segmental Analysis:

1. Kapok Fiber Market Segment Analysis – By Type : The natural segment held the largest share in the kapok fiber market in 2021. Natural kapok fibers are those which are found naturally in plants, it is a cellulosic fiber which is obtained from the seed hair of kapok trees. The natural kapok fiber comprises properties such as it is silky soft, dry to the touch, antimoth, antimite and provides insulation from sound and heat. The advantages of natural kapok fiber over the synthetic and the man-made fibers are low density, sustainability, specific mechanical strength, biodegradable, and recyclable.

2. Kapok Fiber Market Segment Analysis – By End-Use Industry : The textile and apparel industry held the largest share in the kapok fiber market in 2021 and is estimated to grow at a CAGR of 4.7% during 2022-2027. In textile & apparel industry kapok fiber, also known as ceiba pentandra, is being utilized as a sustainable alternative fibre to process and petroleum-based fibres like acrylic, polyester, nylon and spandex, which are not environmentally friendly.

3. Kapok Fiber Market Segment Analysis – By Geography : Asia-Pacific region dominated the kapok fiber market with a share of more than 35% in the year 2021. The Asia Pacific region is predicted to continue its dominance in the market during the forecast period due to the increasing requirement for global kapok fiber in developing countries such as China, Japan, India, and South Korea.

Competitive landscape:

The top 5 players in the Kapok Fiber industry are:

1. Daiwabo
2. Randu Indo Prima Company
3. Agro Raya
4. Vignesh Dhanabalan
5. CV. Persada

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