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Market Overview:
The Viscose Staple Fiber Market size is estimated to reach $41.4 billion by 2030, growing at a CAGR of 4.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Viscose Staple Fiber Market – By Raw Materials (Wood pulp, Cotton Pulp, Cellulose Xanthate, Sodium Cellulose Xanthate, and Others), By Application (Woven (Textile & Apparel), Non-woven, and Others), By End-Use Industry (Apparel & Clothing, Medical, and Healthcare, Automotive, Textile, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Growing consumer preference for biodegradable and renewable fiber options contributes to market expansion and Technological advancements in fiber production techniques enhancing the quality and performance of viscose staple fibers are the main drivers of market expansion and are fueling the growth of the Viscose Staple Fiber industry during the forecast period.
Asia Pacific Dominated the Market in 2023:
Asia Pacific accounted for the largest share of 46% of the Viscose Staple Fiber Market in 2023 followed by North America and Europe. The Asia Pacific region is experiencing a surge in the viscose staple fiber market driven by rapid urbanization and growing middle-class incomes. Increased consumer demand for sustainable textiles and advancements in manufacturing technology are pivotal. Additionally, expanding textile and apparel industries in countries like China and India significantly contribute to the region’s market growth.
Viscose Staple Fiber Market: Key Takeaways
Increased Use of Viscose Staple Fibers in Automotive and Industrial Applications Supports Market Growth:
The increased use of viscose staple fibers in automotive and industrial applications significantly supports the growth of the viscose staple fiber market. Viscose staple fibers are valued for their lightweight, strength, and high absorbency, making them suitable for various automotive components, such as seat covers and interior linings, as well as for industrial textiles used in filters and insulation materials. Their versatility and performance characteristics contribute to their rising adoption in these sectors, driven by ongoing advancements in fiber technology and a growing emphasis on sustainable materials. Additionally, the shift towards more eco-friendly alternatives in automotive and industrial applications further boosts demand for viscose staple fibers, reinforcing their role in the market.
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Expansion of the Textile and Apparel Industry in Emerging Markets Boosts Demand for Viscose Staple Fibers:
The expansion of the textile and apparel industry in emerging markets is driving up the demand for viscose staple fibers. Economic growth and a burgeoning middle class in these regions have led to increased demand for diverse and high-quality textiles. Viscose staple fibers, prized for their softness, breathability, and versatility, are increasingly used in clothing and home textiles. Rising disposable incomes and evolving consumer preferences for fashionable and comfortable clothing further boost the adoption of viscose fibers. The growth of local manufacturing capabilities also supports higher consumption of viscose, solidifying its position as a preferred material in the expanding textile sector. In June 2023, the Indian government approved R&D projects worth $7.4 million to support this sector's development.
Scope of the Report:
Recent Developments:
• Grasim Industries Ltd introduced EcoSodium in May 2024, a sustainable solution derived from recovered Sodium Sulphate during Viscose Staple Fiber production, significantly reducing environmental impact. EcoSodium adheres to REACH and ZDHC MRSL standards, setting new industry benchmarks in sustainability and excellence.
• In August 2023, Lenzing expanded eco-efficient REFIBRA™ technology to LENZING™ ECOVERO™ viscose fibers, incorporating up to 20% recycled textile waste to drive circularity in the textile industry. This innovation empowers value chain partners globally to accelerate the transition to a sustainable textile economy.
Viscose Staple Fiber Market: Competitive Landscape
Key companies profiled in the Viscose Staple Fiber Market are Birla Cellulose, Sateri, Clossus Tex, Asia Pacific Rayon Limited, SNIACE Group, Xingda Chemical Fibre Co. Ltd, Jilin Chemical Fiber Group Co. ltd, Glanzstoff, Yibin Hiest Fibre Limited Co., Tangshan sanyou group xingda chemical fibre co. ltd., Lenzing AG, Kelheim Fibres GmbH, Kayavlon Impex Pvt. Ltd., Grasim Industries Limited, Xinjiang Zhongtai Import & Export Co.,Ltd and others.
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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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IndustryARC
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