Global Viscose Staple Fiber Market Size To Worth USD 43.55 Billion By 2033 | CAGR of 8.35%
Category: Chemicals & MaterialsGlobal Viscose Staple Fiber Market Size To Worth USD 43.55 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Viscose Staple Fiber Market Size is Expected to Grow from USD 19.53 Billion in 2023 to USD 43.55 Billion by 2033, at a CAGR of 8.35% during the forecast period 2023-2033.
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Browse key industry insights spread across 246 pages with 102 Market data tables and figures & charts from the report on the "Global Viscose Staple Fiber Market Size, Share, and COVID-19 Impact Analysis, By Type (High Wet Modulus Fiber, Strong Fiber, Modified Fiber, and Others), By Application (Woven, Non-woven, and Specialty), By End-Use Industry (Textile Apparels, Healthcare, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/viscose-staple-fiber-market
The viscose staple fiber is the market for artificial cellulose fiber that is used to make clothing, home textiles, and other consumer goods. Viscose staple fibers are biodegradable cotton-like fibers, made from wood pulp and cotton pulp, widely used for manufacturing apparel, home textiles, dress materials, knitted wear, and non-woven applications. The growing popularity of athleisure, loungewear, and eco-conscious fashion are providing market opportunities for viscose staple fiber. The rising demand for viscose staple fiber in the textile industry due to its versatility and sustainability is driving the market demand. The increasing environmental awareness and government support for sustainable industries as well as the increasing disposable income in emerging economies are significantly contributing to propel the market growth. On the contrary, the environmental challenges associated with the VSF production process which include high energy consumption, water pollution, deforestation, and overuse of chemicals are hindering the market growth.
The strong fiber segment dominated the global viscose staple fiber market in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the global viscose staple fiber market is divided into high wet modulus fiber, strong fiber, modified fiber, and others. Among these, the strong fiber segment dominated the global viscose staple fiber market in 2023 and is expected to grow at a significant CAGR during the forecast period. Strong fiber is a long-lasting, biodegradable fiber that is frequently used in place of cotton. The growing demand for these fibers in the manufacturing of apparel and textiles for commercial, residential, and medical applications is driving the market.
The woven segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the global viscose staple fiber market is divided into woven, non-woven, and specialty. Among these, the woven segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. In the woven textiles for apparel, home furnishings, and other uses, viscous staple fiber is utilized. The affordability, light weight, and durability of viscous staples are responsible for driving market demand in the woven segment.
The textile apparels segment accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR growth during the predicted timeframe.
Based on the end-use industry, the viscose staple fiber market is classified into textile apparels, healthcare, automotive, and others. Among these, the textile apparels segment accounted for the largest market share in 2023 and is anticipated to grow at a significant CAGR growth during the predicted timeframe. Viscose staple fibers (VSF) are used to make soft, pleasant, highly absorbent, wrinkle-free, and reasonably priced fabrics. The industry’s increasing demand for comfortable apparel is driving the market demand for viscose staple fiber.
Asia Pacific is projected to hold the largest share of the global viscose staple fiber market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global viscose staple fiber market over the forecast period. The demand for viscose staple fiber from the automotive and construction industries is propelling the market. China and India are major producers of viscose fibers which is responsible for driving the regional market with the rapid industrialization in these developing countries.
North America is predicted to grow at the fastest CAGR in the viscose staple fiber market over the forecast period. The adoption of sustainability and demand for automotive textiles are contributing to driving the regional market growth. In addition, the increasing product demand from automotive and textile applications as well as the rising need for essential products like clothes and hygiene products are propelling the market.
Major key players in the viscose staple fiber market include Sateri Holdings Limited, Grasim Industries Limited, LENZING Group, Xinjiang Zhingtai Chemical Co., Ltd., Asia Pacific Rayon Limited, Birla Cellulose, Glanzstoff, Liaoyuan Hengtai Fiber, Dangjin Semiconductor Materials, Tangshan Sanyou Group Xingda Chemical Fiber Co. Ltd., Kelheim Fibers GmbH, Kayavlon Impex Pvt. Ltd., 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 May 2023, Kelheim Fibres GmbH and Santoni Spa jointly developed an innovative and sustainable menstrual underwear garment based on advanced machine technology and high-quality performance viscose fibres.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global viscose staple fiber market based on the below-mentioned segments:
Global Viscose Staple Fiber Market, By Type
- High Wet Modulus Fiber
- Strong Fiber
- Modified Fiber
- Others
Global Viscose Staple Fiber Market, By Application
- Woven
- Non-woven
- Specialty
Global Viscose Staple Fiber Market, By End-Use Industry
- Textile Apparels
- Healthcare
- Automotive
- Others
Global Viscose Staple Fiber 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
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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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