Viscose Staple Fiber Market Witness Significant Growth On Account Of Rising Usage In Apparels Manufacturing

 

Viscose Staple Fiber Market 

The global viscose staple fiber market size is estimated to be valued at US$ 14.83 billion in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period from 2024 to 2030. Viscose staple fiber, sometimes known as artificial silk, is a type of regenerated cellulosic fiber derived from naturally occurring polymers such as wood pulp or cotton lint. It is known for its smooth texture, softness and high absorbency which make it suitable for use in fabrics used in apparel, home textiles, and industrial products. The growing apparel industry coupled with the wide range of applications of viscose staple fibers in clothing such as dresses, shirts, socks, and suits have propelled its demand in recent years.

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. These players are focusing on capacity expansion and new product development to consolidate their market position.

There are significant opportunities for viscose staple fiber manufacturers in emerging economies owing to the rapid growth of the textile industry in countries such as India, Thailand, and Indonesia. Major players are investing heavily in developing economies to leverage lower manufacturing costs and tap into the growing demand from local apparel brands.

Globally, viscose staple fiber manufacturers are expanding their production facilities across regions. For instance, Aditya Birla Group has set up manufacturing plants for viscose fibers in Thailand, Egypt, and China in addition to India. Similarly, other players such as Lenzing AG have production sites in Austria, Indonesia, and Brazil to strengthen their global presence.

Market Drivers
Rising disposable incomes and growing population: The rising disposable incomes in developing economies have boosted spending on apparel and clothing over the years. This has significantly driven the demand for viscose staple fibers used in clothing fabrics.
Increasing awareness about environment-friendly fabrics: The growing environmental consciousness among consumers has increased the preference for apparel made from natural and eco-friendly fabrics such as viscose. This is expected to have a positive impact on the growth of the viscose staple fiber market.

Market Restraints
Availability of substitutes: The presence of substitutes such as polyester, nylon, acrylic, and cotton pose challenges to the growth of the Viscose Staple Fiber Market Demand . These substitute fibers are often cheaper than viscose.
Fluctuations in raw material prices: As viscose staple fiber production is dependent on wood pulp and cellulose derived from cotton linters as raw materials, fluctuations in their prices can adversely impact market prices.
Segment Analysis
Viscose Staple Fiber is segmented on the basis of application and end use. The clothing segment holds the largest market share as viscose staple fiber is extensively used in the production of clothing such as shirts and t-shirts. Viscose staple fiber offers properties like absorbency and comfort which makes it suitable for clothing material. Other segments include home furnishing where viscose staple fiber is used to manufacture curtains and upholstery. The automobile segment is also a major end user where viscose staple fiber is employed in automobile interiors like seat covers and door panels.The clothing segment dominates the overall viscose staple fiber market owing to high demand for viscose based fabrics from the textile and apparel industry.

Global Analysis
The Asia Pacific region dominates the global viscose staple fiber market and witnessed the highest growth during the forecast period. Countries like China, India and Taiwan are the major producers and consumers of viscose staple fiber in the region. The textile industry in these countries is a major contributor to the high demand for viscose staple fiber in Asia Pacific. North America and Western Europe are other prominent regions in the viscose staple fiber market. Latin America and Middle East & Africa showed significant growth potential over the forecast period.

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