Global Rayon Fibers Market Size Worth USD 34.05 Billion By 2033 | CAGR of 6.20%
Category: Chemicals & MaterialsGlobal Rayon Fibers Market Size Worth USD 34.05 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Rayon Fibers Market Size is Expected to Grow from USD 18.65 Billion in 2023 to USD 34.05 Billion by 2033, at a CAGR of 6.20% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 115 Market data tables and figures & charts from the report on the "Global Rayon Fibers Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Viscose, Modal, Lyocell, and Others), By Application (Automotive & Transportation, Personal Care, Manufacturing, Textile, Healthcare, Aerospace & Defense, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033. " Detailed Report Description Here: https://www.sphericalinsights.com/reports/rayon-fibers-market
The rayon fibers market refers to the industry for rayon, a man-made fiber made from cellulose, which is a natural material derived from plants. Rayon fibers are a manmade cellulosic fiber derived from wood pulp or cellulose of trees, making it a sustainable fiber compared to other types. The product is used in numerous applications, such as personal clothes, household textiles, and personal hygiene items, due to its many special qualities, which include extreme absorbency and excellent color retention. The advancements in technology and innovation, including the development of new production techniques and environmentally friendly processes are providing lucrative market opportunities. The increasing demand for sustainable textiles and increasing usage of rayon fibers is propelling the rayon fibers market. Further, the technological advancement for producing better quality rayon fibers is supporting the market growth. On the contrary, the negative impact associated with the rayon fibers manufacturing process is challenging the market growth.
The viscose segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product type, the global rayon fibers market is divided into viscose, modal, lyocell, and others. Among these, the viscose segment held the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The extensive use of viscose type of rayon fibers in the textile and apparel industry due to their softness, breathability, and excellent draping quality drives the market demand in the viscose segment.
The textile segment held the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global rayon fibers market is divided into automotive & transportation, personal care, manufacturing, textile, healthcare, aerospace & defense, and others. Among these, the textile segment held the largest market share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growing application of rayon fiber in basic household products such as home furnishing fabrics, bedsheets, blankets, kitchen linens, bathroom accessories, and other products is driving the market growth.
Asia Pacific is projected to hold the largest share of the global rayon fibers market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global rayon fibers market over the forecast period. The extensive use of rayon fiber in the textile industry across countries like China, India, and Vietnam is driving the market for rayon fibers. The rising demand for sustainable and biodegradable materials with the increasing population and increasing disposable income is propelling the market.
Europe is predicted to grow at the fastest CAGR in the rayon fibers market over the forecast period. The employment of advanced technology for producing products in the field of body care and feminine hygiene, filtration, insulation, and textiles, by the leading manufacturers of specialty viscose fibers is propelling the market. Further, the region’s rising need for sustainable and eco-friendly materials is escalating the market demand.
Major key players in the rayon fibers market include Asia Pacific Rayon Limited, Eastman Chemical Company, Goonvean Fibres Ltd., Grasim Industries Limited, Kelheim Fibres GmbH, Lenzing AG, Nanollose, Sateri, Zhejiang Fulida Holding Co., Ltd., Zhong Tai International Development (HK) Limited, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In September 2023, Lenzing Group, a world-leading producer of wood-based specialty fibers, announced plans to increase production of its high-quality responsible viscose fibers for its textile LENZING ECOVERO and nonwoven VEOCEL brands in Asia-Pacific.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global rayon fibers market based on the below-mentioned segments:
Global Rayon Fibers Market, By Product Type
- Viscose
- Modal
- Lyocell
- Others
Global Rayon Fibers Market, By Application
- Automotive & Transportation
- Personal Care
- Manufacturing
- Textile
- Healthcare
- Aerospace & Defense
- Others
Global Rayon Fibers Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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