Viscose Staple Fiber Market is Estimated to Witness High Growth Owing to Increasing Demand for Clothing
Viscose staple fiber is a cellulosic fiber made from plant sources like wood pulp or cotton linters. It has the appearance and feel of natural fibers like silk, wool or cotton. Viscose staple fiber is used in clothing, linens, towels, napkins, handkerchiefs and filtration products. It offers advantages like soft handfeel, moisture absorption, comfort and an affordable price point. The growing textile industry and rising demand for affordable apparel drive the need for viscose staple fiber.
The Global viscose staple fiber market is estimated to be valued at US$ 14.83 Bn in 2024 and is expected to exhibit a CAGR of 78.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the viscose staple fiber market are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd. The growing textile industry in Asia Pacific offers significant opportunities for viscose staple fiber manufacturers and suppliers. The market is also witnessing expansion in regions like North America and Europe owing to growing demand for eco-friendly fabrics.
Market Drivers
Rising population and higher disposable incomes in developing regions are Viscose Staple Fiber Market Demand caters to this demand due to its silk-like texture and lower price point compared to natural fibers. Strict regulations around use of plastics and non-biodegradable materials are favoring growth of viscose staple fiber as it is plant-based and biodegradable.
PEST Analysis
Political: The viscose staple fiber market is influenced by government policies and regulations around environment protection. Stringent regulations around wastewater treatment and emissions can impact market players.
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