Refined cotton is a uniform, loose, and impurity free white cotton fiber obtained from cotton short fibers through alkaline cooking, bleaching, and other refining treatments. Its main chemical components are cellulose, lignin, and hemicellulose. Refined cotton is widely used in various fields such as food, medicine, daily chemical products, plastics, etc. due to its excellent physical and chemical properties. ‌

Overview of Market Development

In recent years, the global refined cotton market has shown a fluctuating development trend. According to our research, the global refined cotton market reached its peak in nearly a decade in 2016, at $1184 million, and gradually decreased from 2017 to 2020, dropping to $914 million by 2020; After two consecutive years of increases in 2021 and 2022, it decreased by 2.91% in 2023. According to our predictions, the global refined cotton market size is estimated to be $932 million in 2024, an increase of 3.35% compared to 2023.

In the next few years, it is expected that further tightening of environmental policies will have a certain impact on the market, and its market size may continue to decline. However, the continuous optimization and innovation of production processes will provide strong guarantees for the development of the refined cotton market, so the decline in its market size is not significant. By 2029, the global refined cotton market size may decrease to $849 million.

Analysis of Market Competition Pattern

From the perspective of market competition, the global refined cotton market is moderately concentrated. According to our data, the total revenue of the refined cotton market for the top 3 companies in 2023 was $279 million, with a total revenue share of 30.29%; The total revenue of the refined cotton market for the top 6 enterprises was $444 million, with a total revenue share of 48.21%. The top three companies were Manas Xiangyun Chemical Fiber, Anhui Show Dragon Fiber Technology, and Jinhanjiang Refined Cotton. In 2023, these three companies accounted for 11.37%, 11.03%, and 7.89% of the global refined cotton market revenue, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, refined cotton can be divided into two categories: industrial-grade refined cotton and food-grade refined cotton, depending on their usage and quality standards. Among them, industrial-grade refined cotton dominates the market. Data shows that global sales volume of industrial-grade refined cotton are expected to reach 428.1k tons in 2024, accounting for an estimated 81.81% of total sales.

From a regional perspective, the global refined cotton market is concentrated in the Asia Pacific and North America regions. Among all regions, the Asia Pacific region is the largest sales market. According to the data, the estimated sales volume of refined cotton in the Asia Pacific region in 2024 is 401.40k tons, accounting for an estimated 76.71% of the total sales volume.

Global Refined Cotton Sales Volume and Proportion by Type and Region Forecast in 2024

	Sales Volume (K Tons)	Proportion
Segmented by Type
Industrial-Grade Refined Cotton	428.1	81.81%
Food-Grade Refined Cotton	95.2	18.19%
Segmented by Region
North America	63.7	12.18%
Europe	27.9	5.34%
Asia Pacific	401.4	76.71%
South America	19.6	3.74%
Middle East & Africa	10.6	2.03%