Global Rayon Fibers Market Insights Forecasts to 2033

• The Global Rayon Fibers Market Size was Estimated at USD 18.65 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.20% from 2023 to 2033
• The Worldwide Rayon Fibers Market Size is Expected to Reach USD 34.05 Billion by 2033
• Europe is expected to grow the fastest during the forecast period.

The Global Rayon Fibers Market Size is anticipated to exceed USD 34.05 Billion by 2033, growing at a CAGR of 6.20% from 2023 to 2033. The growing production of rayon fibers along with its widespread application in yarns, fabrics, apparel, and domestic textiles coupled with growing investment by textile industries is driving the market growth for rayon fibers.

Market Overview

The rayon fibers market refers to the market for rayon, a man-made fiber made from cellulose, which is a natural material derived from plants. Rayon fibers, also called viscose rayon, is a manmade cellulosic fiber derived from wood pulp or cellulose of trees, making it a sustainable fiber compared to other types. Because of its texture and appearance similarities to silk, the product is often referred to as artificial silk. Further, its remarkable softness, breathability, and draping capabilities make it the perfect substitute for cotton, silk, and linen. 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 expansion of the nonwoven industry, especially in the hygiene and medical sectors is escalating the market growth for rayon fibers. Further, the advancements in technology and innovation, including the development of new production techniques and environmentally friendly processes are providing lucrative market opportunities.

Report Coverage

This research report categorizes the rayon fibers market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the rayon fibers market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the rayon fibers market.

Driving Factors

The growing need for sustainable textiles with the rising environmental awareness is propelling the market growth for rayon fibers. Further, the increasing usage of rayon fibers due to the rise in disposable income in the developing countries of the region has propelled the rayon fibers market. In addition, the technological advancement for producing great and better quality rayon fibers is supporting the market growth for rayon fibers.   

Restraining Factors

The negative impact associated with the manufacturing process of rayon fibers is challenging the rayon fibers market. Further, the increasing government regulations due to rising environmental concerns are challenging market growth.

Market Segmentation

The rayon fibers market share is classified into product type and application.

• The viscose segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period.

Based on the product type, the rayon fibers market is classified into viscose, modal, lyocell, and others. Among these, the viscose segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period. Viscose type of rayon fibers is extensively used in the textile and apparel industry, known for its softness, breathability, and excellent drape. The rising investment in the production of viscose fiber along with the surging need for sustainable manufacturing and environmentally friendly products is driving the market growth.

• The textiles segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the rayon fibers market is classified into automotive & transportation, personal care, manufacturing, textile, healthcare, aerospace & defense, and others. Among these, the textiles segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. There is a growing application of rayon fiber in basic household products including home furnishing fabrics, bedsheets, blankets, pillow and pillow covers, bathroom accessories, kitchen linens, and others. The increasing number of factories producing apparel, home furnishings, and nonwovens capturing the qualities of rayon fibers is driving the market growth.

Regional Segment Analysis of the Rayon Fibers Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the rayon fibers market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the rayon fibers market over the predicted timeframe. China, India, Indonesia, and Vietnam are important textile production and exporting hubs, making the region a center for the textile industry. Thus, the extensive use of rayon fiber in the textile industry drives regional market growth. Further, the growing need for sustainable and biodegradable materials along with the rising population and rising disposable income is contributing to propel the market growth.

Europe is expected to grow at the fastest CAGR growth of the rayon fibers market during the forecast period. The region’s rising demand for sustainable and eco-friendly materials as well as the trend of fast fashion are escalating the market demand for rayon fibers. 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.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the rayon fibers market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• 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.
• In January 2022, Renewcell and Kelheim Fibres Gmbh signed a letter of intent to develop commercial production of viscose fibers from up to 10,000 tonnes annually of Renewcell’s 100% textile recycled material Circulose. The collaboration provides a vehicle for scaling fully closed-loop recycling and regeneration of sustainable textile fibers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the 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, By 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 the Middle East & Africa