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Viscose Staple Fiber Market Size & Share, By Type (High Wet Modulus Fiber, Strong Fiber, Modified Fiber), Application (Woven, Non-Woven, Specialty), End-Use Industry (Textile Apparels, Healthcare, Automotive), Regional Forecast, Industry Players, Growth Statistics Report 2023-2030

Report ID: FBI 1551

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Published Date: Sep-2023

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Format : PDF, Excel

Market Outlook:

Viscose Staple Fiber Market size surpassed USD 12.65 Billion in 2022 and is poised to reach USD 22.17 Billion, growing at over 6.21% CAGR between 2023 and 2030. This growth can be attributed to the increasing demand for clothing and textiles worldwide. Viscose staple fiber, also known as rayon, is a versatile and affordable fabric that is widely used in the textile industry. It is derived from wood pulp or bamboo and is known for its softness, luster, and excellent drapability.

Base Year Value (2022)

USD 12.65 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2030)

6.21%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 22.17 Billion

18-23 x.x %
24-33 x.x %
Viscose Staple Fiber Market

Historical Data Period

2018-2021

Viscose Staple Fiber Market

Largest Region

North America

Viscose Staple Fiber Market

Forecast Period

2023-2030

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Market Dynamics:

Growth Drivers & Opportunities:

1. Rising demand for textiles: The global textile industry is flourishing due to the growing population, increasing disposable income, and changing fashion trends. Viscose staple fiber is extensively used in the production of garments, home textiles, and industrial textiles, driving the demand for this market.

2. Sustainable and eco-friendly fabric: Viscose staple fiber is considered a sustainable alternative to synthetic fibers such as polyester and nylon. As consumers become more environmentally conscious, there is a shift towards clothing and textiles made from natural and renewable resources, boosting the demand for viscose staple fiber.

3. Technological advancements: Innovations in fiber production techniques are contributing to the growth of the market. Novel technologies enable the production of high-quality and diverse viscose staple fibers, catering to the specific needs of different end-users.

 

Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredType, Application, End-Use
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledGrasim Industries Limited., LENZING Group, Tangshan Sanyou Group Xingda Chemical Fiber Co., Sateri Holdings Limited, Kelheim Fibers GmbH, Xinjiang Zhongtai Chemical, Kayavlon Impex Pvt.

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1. Fluctuating prices of raw materials:

The cost of wood pulp and chemicals used in the manufacturing of viscose staple fiber can be unpredictable. Volatility in raw material prices poses a challenge for manufacturers, leading to fluctuations in the market.

2. Environmental concerns:

Although viscose staple fiber is considered eco-friendly, the production process involves the use of chemicals that can have adverse environmental impacts if not handled properly. This can raise concerns among consumers and regulatory bodies, affecting the market growth.

3. Competition from synthetic fibers:

 Synthetic fibers, such as polyester and nylon, offer advantages such as durability, crease resistance, and low cost. The availability of these alternatives poses a competitive challenge for the viscose staple fiber market.

In conclusion, the viscose staple fiber market is expected to witness significant growth driven by the rising demand for textiles, the sustainable nature of the fabric, and technological advancements. However, the market faces challenges in terms of fluctuating raw material prices, environmental concerns, and competition from synthetic fibers. Overall, the market is poised for expansion as the global textile industry continues to thrive and consumers prioritize sustainable and eco-friendly materials.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Viscose Staple Fiber Market
Viscose Staple Fiber Market

Regional Forecast:

The global Viscose Staple Fiber Market is projected to witness significant growth across various regions, including North America, Asia Pacific, and Europe.

North America:

In the North American region, the increasing demand for sustainable and eco-friendly textiles is driving the growth of the Viscose Staple Fiber Market. With a growing number of consumers opting for sustainable and biodegradable fabrics, the demand for viscose staple fibers is on the rise in the region. Additionally, the presence of key market players and technological advancements in textile manufacturing further contribute to the growth of the market in North America.

Asia Pacific:

Asia Pacific is expected to dominate the Viscose Staple Fiber Market during the forecast period. The region benefits from favorable factors such as the availability of raw materials, low labor costs, and a large consumer base. Rising disposable income and changing fashion trends in emerging economies like India and China are driving the demand for viscose staple fiber in the region. Moreover, the presence of a vast textile manufacturing industry in countries like India, China, Bangladesh, and Vietnam further propels market growth in Asia Pacific.

Europe:

Europe is witnessing steady growth in the Viscose Staple Fiber Market. The increasing preference for sustainable textiles and the presence of stringent regulations regarding sustainable fashion drive the demand for viscose staple fibers in the region. European countries are actively promoting the use of sustainable textiles, leading to the rise in adoption of viscose staple fibers in the European market. Additionally, the presence of major fashion brands and designers in countries like Italy, France, and the United Kingdom further contribute to market growth in Europe.

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Segmentation Analysis:

1. Apparel and Garments:

Sub-Segment: Clothing

The clothing segment holds a significant share in the Viscose Staple Fiber Market within the apparel and garments segment. The demand for viscose staple fibers in the clothing industry is driven by factors such as its soft texture, high absorbency, and versatile applications. Viscose staple fibers are widely used in the production of shirts, dresses, blouses, and other clothing items, offering comfort and aesthetic appeal to the users.

2. Home Textiles:

Sub-Segment: Bedding

The bedding segment is a prominent sub-segment in the Home Textiles category of the Viscose Staple Fiber Market. Viscose staple fibers are extensively utilized in the production of bed sheets, pillowcases, and other bedding items. The popularity of viscose staple fibers in bedding is attributed to their breathability, moisture-wicking properties, and ability to provide a soft and luxurious feel. These fibers enhance the overall comfort and quality of bedding products.

3. Non-Woven:

Sub-Segment: Personal Hygiene Products

The personal hygiene products sub-segment is a significant part of the Non-Woven category. Viscose staple fibers are widely used in the manufacturing of products such as baby diapers, sanitary pads, and adult incontinence products. Due to their excellent absorption capacity, softness, and skin-friendly nature, viscose staple fibers provide comfort and hygiene in personal care products.

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Competitive Landscape:

The Viscose Staple Fiber Market is highly competitive and consists of several prominent players, each striving to gain a substantial market share. Some of the key market players include:

1. Aditya Birla Group

2. Lenzing AG

3. Tangshan Sanyou Group

4. Sateri

5. Xinxiang Bailu Chemical Fiber Co. Ltd.

6. Kelheim Fibres GmbH

7. Yibin Grace Group Company

8. Swan Fiber Co. Ltd.

9. Thai Rayon Public Company Limited

10. ENKEV B.V.

The Viscose Staple Fiber Market is characterized by intense competition among the market players. These companies focus on various growth strategies, including mergers and acquisitions, strategic collaborations, partnerships, and product innovation, to gain a competitive edge. Furthermore, continuous investments in research and development activities to improve the quality and properties of viscose staple fibers are crucial for sustaining market growth.

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Viscose Staple Fiber Market Size & Share, By Type ...

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