Rayon Fibers Market Overview
The market for Rayon Fibers looks promising due to several reasons such as increased use of Rayon Fibers in textiles, home furnishing, industrial and other applications; increase in production of semi-synthetic fibers with availability of raw materials across the globe. Rayon Fibers are classified into various types such as viscose fibers, polynosic/modal rayon fiber, tencel/lyocell rayon fiber, and others. The Rayon Fibers Market is estimated to grow at a CAGR of 6.34% during the forecast period 2018–2023. APAC is forecast to be the fastest growing market with a CAGR of 7.05%, due to the adoption of natural fibers in the textile industries.
Rayon Fibers Market Outlook
Rayon fibers are generally produced for textile purposes. Applications are diverse varying from textiles and apparels, to medical, tire cords, and non-woven clothes.
Rayon Fibers Market Growth Drivers
Increasing demand for rayon fibers from textile industries such as fashion apparels and home furnishing is driving the Rayon Fibers market. Rayon fibers are used in textiles and apparels such as sportswear and non-woven clothes. In such applications, rayon fibers ensure that the clothes that are made from this fiber provides best comfort and keeps them dry.
Rayon Fibers Market Challenges
Meeting the required regulatory standards is a major challenge for the Rayon Fibers market. The companies that manufacture rayon fibers need to ensure that their products fulfill the requirements as proposed. Most countries have a set of legal requirements that manufacturers have to follow. The regulations that are adopted by many countries in terms of environment protection and to reduce pollution have to be taken care of.
Rayon Fibers Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Rayon Fibers market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
Rayon Fibers Market Report: Industry Coverage
Types Rayon Fibers: Viscose Fiber, Polynosic/ Modal Rayon Fiber, Tencel/Lyocell Rayon Fiber and Others
The Rayon Fibers market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
- North America
- South America
- South Korea
- Rest of the World
- Middle East
Rayon Fibers Market Key Players Perspective
Lenzing is a major manufacturer of rayon fibers. The company has its headquarters in Austria and operates in Europe, The Americas, Asia-Pacific, Middle East and Africa. Lenzing, through its broad range of products, constant product launches, and innovation has been successful in catering to a variety of customers, consequently maintaining its hold over the market.
Aditya Birla Group, headquartered in India, is the next leading player in the Rayon Fibers market. The company offers rayon fibers through its 100% owned subsidiary Grasim across the globe.
Rayon Fibers Market Trends
- Today, textiles and clothing is a very significant segment of transnational trade that has served as the engine of growth, predominantly for emerging and least-developed countries. The growing demand for trendy apparels is expected to fuel the demand for rayon fibers in the market. As a result, there is a strong trend towards blended fabrics. With the present body of knowledge regarding the structure and chemical reactivity of cellulose, some scientists believe it may soon be possible to produce the cellulose molecule directly from sunlight, water, and carbon dioxide.