Global Viscose Staple Fiber Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- May 12, 2022
- CONSUMER GOODS, NEWS
- Viscose Staple Fiber Market, Viscose Staple Fiber Market growth, Viscose Staple Fiber Market share, Viscose Staple Fiber Market size
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The global Viscose Staple Fiber Market is expected to grow significantly by 2027 expanding at a CAGR of ~5% during the forecast period (2021-2027).
Viscose is a man-made fiber derived from cellulose dissolving pulp and its raw materials are diverse, e.g. wood, cotton, or bamboo can be used. Currently, hardwood forests are the main source of cellulose used in viscose production. Cellulose is transformed into dissolving wood pulp and sold to fiber producers for filament or staple fibers production. Although the current market share of viscose fibers is still relatively small when compared to cotton or polyester, a larger production of viscose for the textile industry is expected in the coming years. Global viscose fiber production capacity grew at an average annual rate of 7.7% during the first decade of the 21st century, driven primarily by expansion in Asian countries, with China as the most notable country. China has become the world’s largest viscose fiber producer, with its output accounting for approximately 62% of the global total in 2012. By 2013, China had more than doubled its viscose fiber production in comparison to 2007. About 85% of the total viscose fiber production is produced as staple fibers and about 15% as filaments.
For a detailed analysis of the market drivers in Viscose Staple Fiber browse through – https://univdatos.com/report/viscose-staple-fiber-market/
The growth in the textile and fashion industry is also leading to the growing demand for viscose staples fiber. According to the world trade statistical review 2019, the current dollar value of world textiles (SITC 65) and apparel (SITC 84) exports increased by 6.4% and 11.1% respectively. This has been the fastest growth in the world textile and apparel trade since 2012.
Also, According to the FICCI document, the current global apparel market is about US$ 1.7 trillion and it constitutes around 2% of the world’s GDP. European Union, U.S., and China are the world’s largest markets with a combined share of approximately 54%. The top eight apparel consuming nations from a dominating share of 70% of the global apparel market size. It indicates that the demand for clothing and shoes is on the rise across the world. The global apparel market size is expected to reach US$ 2.6 trillion in 2025 with a projected growth rate of 4%.
For a detailed analysis of the application in Viscose Staple Fiber browse through – https://univdatos.com/report/viscose-staple-fiber-market/
Based on the raw material, the market is fragmented into wood pulp, cotton pulp, cellulose xanthate, and others. The wood pulp segment grabbed XX% market share in 2020 and generated revenue of US$ XX million in 2020. The market share of this segment is uplifting The wood pulp (cellulose) used for the production of viscose is mainly derived from trees such as beech, pine, eucalyptus as well as plants such as bamboo, soy, and sugar cane. These trees are well known for being fast-growing and regenerative.
Based on the application, the market is fragmented into woven and non-woven & specialty. The woven segment captured XX% market share in 2020 and dominated the market. Woven application for textile and apparel is uplifting owing to the growth in the apparel and textile industry. As per IBEF, India’s textiles industry has around 4.5 crore employed workers including 35.22 lakh handloom workers across the country.
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Additionally, the report provides detailed initiatives that are being taken in the field of viscose staple fiber. The market is classified into distinct regions including North America (U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and the Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and the Rest of APAC), Rest of World has been conducted. Asia Pacific region grabbed XX% market and captured US$ XX mn market share in 2020. Growth in the textile and apparel sector in countries such as China, India, etc., is contributing to the market growth. India’s domestic clothing and textile sector provides 5% of the GDP, 7% of industrial production in value terms, and 12% of export revenues. However, the Europe region would witness a robust CAGR during the forthcoming years.
Global Viscose Staple Fiber Market Segmentation
Market Insight, by Raw Material
- Wood pulp
- Cotton Pulp
- Cellulose Xanthate
Market Insight, by Application
- Non-woven and Specialty
Market Insight, by End-User
- Apparel & Clothing
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Asia Pacific Rayon Limited
- Birla Cellulose
- Jilin Chemical Fiber Group Co. Ltd
- Kelheim Fibres GmbH
- LENZING AG
- Nanjing Chemical Fibre Co. Ltd
- SNIACE Group
- Xinjiang Zhongtoi Chemical Co. Ltd.