The global viscose fiber market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Rising demand for household and medical textiles as well as expanding application scope in other industries such as automotive and construction are key factors driving market revenue growth. In addition to this, high demand for apparels due to increasing spending power of consumers around the world is expected to drive market growth.
Viscose staple fibers are cotton-like biodegradable fibers. Wood pulp and cotton pulp are used to manufacture these fibers. Viscose staple fiber is a synthetic textile created from viscose, which is obtained through cellulosic material degradation. It can be used to make fabrics for garments and household textiles in either plain or blended form. To boost the fabric's strength, shine, or elasticity, several textile makers combine viscose staple fiber with cotton and linen. Viscose is also used in medical textiles such as bandages due to its high wet modulus of elasticity, which allows these items to maintain their shape even after being stretched repeatedly.
Top Companies Operating in the Global Viscose Fiber Market:
- Aditya Birla Group
- Lenzing
- Sanyou
- Sateri Chemical Fibre
- Xinjiang Zhongtai
- Aoyang Technology
- Xiangsheng
- Shandong Bohi
- Yibin Grace Group Company
- Zhejiang Fulida
- Silver Hawk
- Manasi Shunquan
- Kelheim-Fibres
- Xinxiang Bailu
- Nanjing Chemical Fiber
- Somet Fiber
- Jilin Chemical Fiber
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Viscose Fiber market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Viscose Fiber market.
The global Viscose Fiber market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Ordinary Fiber
- High Wet Modulus Fiber
- Strong Fiber
- Modified Fiber
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Spinning Clothing
- Home Textiles
- Medical Textiles
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