Viscose Staple Fiber Market Growth, Competitors Analysis, New Technology, Industry Trends and Forecast 2023 - 2030
Viscose Staple Fiber Market Overview:
The viscose staple fiber market size was USD 12,830.00 Million in 2022. It is projected to reach USD 18,395.52 Million by 2030, indicating a CAGR of 47 % during the forecast period.
Market key drivers:
Rising Demand for Sustainable Fashion: Consumers are increasingly opting for eco-conscious clothing. Viscose, derived from wood pulp, offers a sustainable alternative to synthetic fibers like polyester. This growing preference for natural materials is propelling the VSF market.
Favorable Textile Properties: Viscose boasts properties that make it popular in apparel production. Its softness, drape, and breathability create comfortable and stylish garments. Additionally, VSF's excellent moisture absorption makes it ideal for hot and humid climates.
Growth in Apparel & Textile Industries: The textile and apparel industries, particularly in developing economies like India and China, are witnessing significant growth. This translates to a higher demand for raw materials like VSF, fueling market expansion.
Fluctuating Cotton Prices: Cotton, a natural fiber competitor to Viscose Staple Fiber Market, experiences price fluctuations. When cotton prices rise, VSF becomes a more cost-effective option for apparel manufacturers, driving up VSF demand.
Market Key Players:
LENZING AG, Sateri, Birla Cellulose, Kelheim Fibres GmbH, Asia Pacific Rayon Limited, Glanzstoff, SNIACE Group, Clossus Tex, China Hi-Tech Group Corporation (CHTC), and Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd
Market Segmentation:
By Application: Woven and Non-Woven
By End-use Industry: Textile, Automotive, Healthcare, and Others
Regional Analysis:
Asia Pacific: Dominating the Market
The Asia Pacific region currently holds the dominant position in the Viscose Staple Fiber Market. This dominance is primarily driven by:
The presence of major VSF producers like China, India, and Indonesia
A booming textile and apparel industry in these countries
Increasing disposable income and rising viscose staple fiber market demand for comfortable and stylish clothing
Europe: Focusing on Sustainability
European markets are increasingly focused on sustainable production practices. This has led to a growing demand for eco-friendly VSF produced using responsible methods and certified sources of wood pulp.
North America: A Mixed Outlook
The North American VSF market presents a mixed picture. While the demand for VSF continues to grow, factors like retaliatory tariffs on viscose imports can act as a restraint.
Latin America and Middle East & Africa: Emerging Opportunities
Latin America and the Middle East & Africa represent emerging markets with significant growth potential. Rising disposable incomes and a growing middle class in these regions are expected to fuel the demand in the coming years
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