Rayon Fibers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Rayon Fibers Market
The rayon fibers market size was valued at USD 17.71 billion in 2022, and the market is now projected to grow from USD 18.73 billion in 2023 to USD 28.66 billion by 2030, exhibiting a CAGR of 6.3% during the forecast period of 2023-2030.
The outbreak of the COVID-19 disease reduced rayon fiber demand because several-economic-related functions stagnated, and manufacturing processes put on hold especially concerning textile industries. a dynamic mature major consumer industries like textiles have experienced shrinkage of demand with many member concerns indicating low sales. An analysis of rayon fiber manufacturers’ annual sales data highlighted that the fabric faced a nosedive of 10-20% annual sales in 2020 as compared to the preceding year of 2019. But this was not the case after the lockdown measures were relaxed because the demand for rayon fibers increased thus increasing revenue.
Textile industry around the world is expanding because people require clothing accessories, home furnishing products, and nonwoven products, which need fibers such as rayon. Sustained process research and quality developments aim at enhancing the qualities of rayon to suit various existing markets more notably in the production of comfortable-light clothing. Increased consumer attention toward loungewear and activewear post the COVID-19 pandemic is also driving this demand. Furthermore, there is expected growth in market for textiles at a CAGR of 3% through the period of forecast, which is also expected to enhance demand for rayon fiber.
Manufactured from natural polymers and highly regarded for their biodegradability, Rayon fibers are not exempt from problematic sustainability dimensions such as deforestation and unsustainable or highly-carbonized manufacturing processes. In response, many power producers such as Grasim and Lenzing AG are involved in the reduction of emission powers to help in sustainable production. Through TENCEL and Veocel, Lenzing offered carbon-neutral lyocell and modal fibers in 2021, and Nanollose is experimenting with a more advanced technology for tree-free fibers that solves critical challenges in rayon production. All these activities are expected to influence the market direction in the coming future.
Comprehensive Analysis of Rayon Fibers Market
The rayon fibers market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by product type analysis, and by application analysis. By product type analysis include viscose, modal, lyocell, and others. By application analysis include apparel, home textiles, healthcare & hygiene, and others.
The Asia Pacific region lead the rayon fibers market share by benefitting a market size of USD 11.51 billion in 2022 due to its strong textile and apparel industries.
The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players 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 these market players provide a level-playing competitive landscape.
In September 2023, Lenzing Group announced plans to expand production capacity for its Lenzing Ecovero and nonwoven Veocel textile brands in the Asia Pacific region.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Unit Value (USD Billion) and Volume (Kilotons)
Growth Rate CAGR of 6.3% during 2023-2030
Segmentation By Product Type
Viscose
Modal
Lyocell
Others
By Application
Apparel
Home Textiles
Healthcare & Hygiene
Others
By Region
North America (By Product Type, Application, and Country)
U.S. (By Application)
Canada (By Application)
Europe (By Product Type, Application, and Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Product Type, Application, and Country)
China (By Application)
India (By Application)
Japan (By Application)
Rest of the Asia Pacific (By Application)
Latin America (By Product Type, Application, and Country)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Product Type, Application, and Country)
GCC (By Application)
South Africa (By Application)
Rest of the Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Rayon Fibers Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 6.1. Key Findings / Summary
- 6.2. By Product Type (Value & Volume)
- 6.2.1. Viscose
- 6.2.2. Modal
- 6.2.3. Lyocell
- 6.2.4. Others
- 6.3. By Application (Value & Volume)
- 6.3.1. Apparel
- 6.3.2. Home Textiles
- 6.3.3. Healthcare & Hygiene
- 6.3.4. Others
- 6.4. By Region (Value & Volume)
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 7.1. Key Findings / Summary
- 7.2. By Product Type (Value & Volume)
- 7.2.1. Viscose
- 7.2.2. Modal
- 7.2.3. Lyocell
- 7.2.4. Others
- 7.3. By Application (Value & Volume)
- 7.3.1. Apparel
- 7.3.2. Home Textiles
- 7.3.3. Healthcare & Hygiene
- 7.3.4. Others
- 7.4. By Country (Value & Volume)
- 7.4.1. U.S
- 7.4.1.1. By Application (Value & Volume)
- 7.4.1.1.1. Apparel
- 7.4.1.1.2. Home Textiles
- 7.4.1.1.3. Healthcare & Hygiene
- 7.4.1.1.4. Others
- 7.4.2. Canada
- 7.4.2.1. By Application (Value & Volume)
- 7.4.2.1.1. Apparel
- 7.4.2.1.2. Home Textiles
- 7.4.2.1.3. Healthcare & Hygiene
- 7.4.2.1.4. Others
- 8. Europe Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 8.1. Key Findings / Summary
- 8.2. By Product Type (Value & Volume)
- 8.2.1. Viscose
- 8.2.2. Modal
- 8.2.3. Lyocell
- 8.2.4. Others
- 8.3. By Application (Value & Volume)
- 8.3.1. Apparel
- 8.3.2. Home Textiles
- 8.3.3. Healthcare & Hygiene
- 8.3.4. Others
- 8.4. By Country (Value & Volume)
- 8.4.1. Germany
- 8.4.1.1. By Application (Value & Volume)
- 8.4.1.1.1. Apparel
- 8.4.1.1.2. Home Textiles
- 8.4.1.1.3. Healthcare & Hygiene
- 8.4.1.1.4. Others
- 8.4.2. UK
- 8.4.2.1. By Application (Value & Volume)
- 8.4.2.1.1. Apparel
- 8.4.2.1.2. Home Textiles
- 8.4.2.1.3. Healthcare & Hygiene
- 8.4.2.1.4. Others
- 8.4.3. France
- 8.4.3.1. By Application (Value & Volume)
- 8.4.3.1.1. Apparel
- 8.4.3.1.2. Home Textiles
- 8.4.3.1.3. Healthcare & Hygiene
- 8.4.3.1.4. Others
- 8.4.4. Italy
- 8.4.4.1. By Application (Value & Volume)
- 8.4.4.1.1. Apparel
- 8.4.4.1.2. Home Textiles
- 8.4.4.1.3. Healthcare & Hygiene
- 8.4.4.1.4. Others
- 8.4.5. Rest of Europe
- 8.4.5.1. By Application (Value & Volume)
- 8.4.5.1.1. Apparel
- 8.4.5.1.2. Home Textiles
- 8.4.5.1.3. Healthcare & Hygiene
- 8.4.5.1.4. Others
- 9. Asia-Pacific Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 9.1. Key Findings / Summary
- 9.2. By Product Type (Value & Volume)
- 9.2.1. Viscose
- 9.2.2. Modal
- 9.2.3. Lyocell
- 9.2.4. Others
- 9.3. By Application (Value & Volume)
- 9.3.1. Apparel
- 9.3.2. Home Textiles
- 9.3.3. Healthcare & Hygiene
- 9.3.4. Others
- 9.4. By Country (Value & Volume)
- 9.4.1. China
- 9.4.1.1. By Application (Value & Volume)
- 9.4.1.1.1. Apparel
- 9.4.1.1.2. Home Textiles
- 9.4.1.1.3. Healthcare & Hygiene
- 9.4.1.1.4. Others
- 9.4.2. India
- 9.4.2.1. By Application (Value & Volume)
- 9.4.2.1.1. Apparel
- 9.4.2.1.2. Home Textiles
- 9.4.2.1.3. Healthcare & Hygiene
- 9.4.2.1.4. Others
- 9.4.3. Japan
- 9.4.3.1. By Application (Value & Volume)
- 9.4.3.1.1. Apparel
- 9.4.3.1.2. Home Textiles
- 9.4.3.1.3. Healthcare & Hygiene
- 9.4.3.1.4. Others
- 9.4.4. Rest of Asia Pacific
- 9.4.4.1. By Application (Value & Volume)
- 9.4.4.1.1. Apparel
- 9.4.4.1.2. Home Textiles
- 9.4.4.1.3. Healthcare & Hygiene
- 9.4.4.1.4. Others
- 10. Latin America Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 10.1. Key Findings / Summary
- 10.2. By Product Type (Value & Volume)
- 10.2.1. Viscose
- 10.2.2. Modal
- 10.2.3. Lyocell
- 10.2.4. Others
- 10.3. By Application (Value & Volume)
- 10.3.1. Apparel
- 10.3.2. Home Textiles
- 10.3.3. Healthcare & Hygiene
- 10.3.4. Others
- 10.4. By Country (Value & Volume)
- 10.4.1. Brazil
- 10.4.1.1. By Application (Value & Volume)
- 10.4.1.1.1. Apparel
- 10.4.1.1.2. Home Textiles
- 10.4.1.1.3. Healthcare & Hygiene
- 10.4.1.1.4. Others
- 10.4.2. Mexico
- 10.4.2.1. By Application (Value & Volume)
- 10.4.2.1.1. Apparel
- 10.4.2.1.2. Home Textiles
- 10.4.2.1.3. Healthcare & Hygiene
- 10.4.2.1.4. Others
- 10.4.3. Rest of Latin America
- 10.4.3.1. By Application (Value & Volume)
- 10.4.3.1.1. Apparel
- 10.4.3.1.2. Home Textiles
- 10.4.3.1.3. Healthcare & Hygiene
- 10.4.3.1.4. Others
- 11. Middle East & Africa Rayon Fibers Market Analysis, Insights and Forecast, 2017-2030
- 11.1. Key Findings / Summary
- 11.2. By Product Type (Value & Volume)
- 11.2.1. Viscose
- 11.2.2. Modal
- 11.2.3. Lyocell
- 11.2.4. Others
- 11.3. By Application (Value & Volume)
- 11.3.1. Apparel
- 11.3.2. Home Textiles
- 11.3.3. Healthcare & Hygiene
- 11.3.4. Others
- 11.4. By Country (Value)
- 11.4.1. GCC
- 11.4.1.1. By Application (Value & Volume)
- 11.4.1.1.1. Apparel
- 11.4.1.1.2. Home Textiles
- 11.4.1.1.3. Healthcare & Hygiene
- 11.4.1.1.4. Others
- 11.4.2. South Africa
- 11.4.2.1. By Application (Value & Volume)
- 11.4.2.1.1. Apparel
- 11.4.2.1.2. Home Textiles
- 11.4.2.1.3. Healthcare & Hygiene
- 11.4.2.1.4. Others
- 11.4.3. Rest of Middle East and Africa
- 11.4.3.1. By Application (Value & Volume)
- 11.4.3.1.1. Apparel
- 11.4.3.1.2. Home Textiles
- 11.4.3.1.3. Healthcare & Hygiene
- 11.4.3.1.4. Others
- 12. Company Profiles
- 12.1. Asia Pacific Rayon Limited
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Source Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Eastman Chemical Company
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Source Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Goonvean Fibres Ltd
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Source Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Grasim Industries Limited
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Source Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Kelheim Fibres GmbH
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Source Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Lenzing AG
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Source Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Nanollose
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Source Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Sateri
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Source Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Zhejiang Fulida Holding Co., Ltd.
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Source Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Zhong Tai International Development (HK) Limited
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Source Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 12.11. Other Key Players
- 13. Strategic Recommendations
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