Viscose Staple Fiber Market

Viscose Staple Fiber Market

Growth Factors of Viscose Staple Fiber Market

The viscose staple fiber market size was reached at a value of USD 16.61 billion in 2023, and the market is now projected to grow from USD 21.17 billion in 2024 to USD 40.26 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period of 2023-2032.

The COVID-19 pandemic impacted the industry significantly, by reducing demand for leases, new purchases, and other services led to reduction of viscose staple fiber market growth. At the same time, the demand for work from home culture has boosted during pandemic and hence reduced the demand for clothing and other type of expenses. Thus, the COVID-19 pandemic has impeded the support and demand for such solutions, resulting in decreased financing and investment for continuing development and the new normal of the future.

Viscose is one of the staple fibers is widely used in the clothing and fashion industries which is creating a want among consumers for the material. Growing consumers want for viscose due to its sustainability leading to increase in demand from the fashion and garment industry, the demand for this fiber has been driven by consumers' growing desire for sustainable materials. There should be significant growth opportunities in the healthcare sector due to growing product adoption. The development of medical textiles is being aided by developing nations raising their standards of sanitation and health. VSF is said to be appropriate for medical textiles because of its remarkable qualities. Its decreased impurity level, along with its increased moisture and liquid adsorption, has led to its acceptance in healthcare textiles recently. It is primarily used in the medical business to create non-woven goods for both surgical and non-surgical uses. Increased demand for non-woven goods such bandages, sanitary napkins, medical gauze, baby diapers, and others is anticipated to propel market expansion. Furthermore, it is expected that a constantly evolving value chain would facilitate expansion in line with worldwide trends in the Meditech sector. Moreover, manufacturers are investing more and more in development and creating new innovations to get large client base.

Additionally, due to adoption of a closed-loop production technique by the fashion industry to promote recycling and minimize waste is anticipated to accelerate the viscose staple fiber market growth. VSFs are a great option for closed-loop production since they can be recycled and used again to create new textiles. The circular economy in the fashion industry is centered on closed-loop production using recycled viscose. It is possible to produce recycled viscose by chopping down old textiles and spinning the fibers into new yarns. By using this method, the industry's environmental effect is lessened and a sustainable source of raw materials for viscose production is created.

Comprehensive Analysis of Viscose Staple Fiber Market

The viscose staple fiber market is witnessing an exponential growth rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types, by application and by end use industry. The types segment includes High Wet Modulus Fiber, Strong Fiber, Modified Fiber, and Others and by application segment includes Woven, Non-Woven, and Specialty. However, the end use industry includes Textile Apparels, Healthcare, Automotive, and others.

In the viscose staple fiber market, the Asia Pacific region lead the devices market by benefitting a market size of USD 12.69 billion in 2023 owing to adoption of closed loop production technique and rising consumers demand for sustainable material.

The top players in the market play a crucial role in the glass and fibre industry assuring industrial prospectus growth and setting market standards. These players include, LENZING Group (Austria), Tangshan Sanyou Group Xingda Chemical Fiber Co.Ltd (China), Grasim Industries Limited. (India), Sateri Holdings Limited (China), Xinjiang Zhongtai Chemical Co., Ltd. (China) Kelheim Fibers GmbH (Germany), and Kayavlon Impex Pvt. Ltd. (India) these market players provide a level-playing competitive landscape.

In May 2023, Together, Santoni Spa and Kelheim Fibres GmbH created a cutting-edge, sustainable menstrual underwear using high-grade performance viscose fiber and cutting-edge machinery. The product is composed of an inlay portion composed of superior wood-based fibers and a softer exterior layer.

Segmentation Tble

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.4% during 2024-2032

Unit Value (USD Billion)

Segmentation By Type

• High Wet Modulus Fiber
• Strong Fiber
• Modified Fiber
• Others

By Application

• Woven
• Non-Woven
• Specialty

By End-Use Industry

• Textile Apparels
• Healthcare
• Automotive
• Others

By Region

• North America (By Type, Application, End-Use Industry, and Country)
• U.S.
• Canada
• Europe (By Type, Application, End-Use Industry, and Country)
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific (By Type, Application, End-Use Industry, and Country)
• China
• Japan
• India
• South Korea
• Rest of Asia Pacific
• Latin America (By Type, Application, End-Use Industry, and Country)
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa (By Type, Application, End-Use Industry, and Country)
• GCC
• South Africa
• Rest of the Middle East & Africa

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