Global Rayon Fibers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Rayon Fibers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Rayon Fibers industry can be broken down into several segments, Viscose Staple Fiber, Viscose Filament Fiber, etc.

Across the world, the major players cover Aditya Birla Group, Lenzing, etc.
Rayon fibers are fibers obtained from the bark, wood or leaves of plants, or from plant-based material. Rayon fibers include viscose staple fiber and viscose filament.
Rayon fibers are usually classified as a manufactured fiber and considered to be regenerated cellulose. It is derived from naturally occurring cellulose and requires extensive processing.
Rayon fibers have got wide applications in civil field, industrial field, medical field and others.

Market Overview:

The latest research study on the global Rayon Fibers market finds that the global Rayon Fibers market reached a value of USD 14807.78 million in 2022. It’s expected that the market will achieve USD 17544.77 million by 2028, exhibiting a CAGR of 2.87% during the forecast period.

COVID 19 Impact on Global GDP

COVID-19 has not only affected the healthcare sector but also has had a major impact on the global economy as well. It has significantly affected the economy of various financial as well as industrial sectors, such as the travel and tourism, manufacturing, and aviation industries. It is predicted that the world economy will go into recession, with the loss of trillions of dollars. With an increasing number of countries imposing and extending lockdowns, economic activities are expected to further drop, which would, in turn, impact the global economy.
The International Monetary Fund (IMF) published its World Economic Outlook for 2020 and 2021 last Tuesday (April 14). Amid the Covid-19 pandemic and the world currently looking like some kind of a dystopian movie with empty streets, hundreds of millions of people in lockdown, production facilities shut down, shops shuttered, planes grounded in abandoned airports, grim prospects for the global economy have grown even darker as outlined in the IMF forecast. The IMF predicts that the global economy will be in worse shape than it was in during the Great Depression (1929-33) and the loss of output will dwarf that suffered in the Global Financial Crisis (GFC) of 2007-08.
The new forecast assumes that the pandemic peaking in the second quarter of this year in the most countries in the world and to be followed by a partial recovery next year from the
Great Lockdown'' of 2020. But the economists at the IMF did not sound entirely convinced. IMF Chief Economist Gita Gopinath said,

Much worse growth outcomes are possible, may be even likely''. In the worst-case scenario, the global economy would shrink by around 11 per cent rather than 3.0 per cent. Also, for the first time since the Great Depression both advanced and emerging market and developing economies are in recession.

The new forecast sees the global economy contracting at a 3.0 per cent annual rate this year, a 6.3 per cent fall from the forecast issued in January this year. However, the global economy will rebound by a 5.8 per cent in 2021. But even if that takes place, the recovery will only be partial with the level of activity that was projected for 2021 before the virus struck.
It further said all together the cumulative loss to global economy over 2020 and 2021 could be US$9.0 trillion in terms of output (GDP). This amount is equivalent to the combined economies of Japan and Germany, the world's third and fourth largest economies respectively. There are even more pessimistic scenarios. If the pandemic is more protracted and continues into 2021, it could reduce the level of global GDP (gross domestic product) by 8.0 per cent compared with the baseline scenario.
The IMF further predicted the contraction of growth by 6.1 per cent in advanced economies with the US economy contracting by 5.9 per cent, Japan 5.2 per cent and Germany 7.0 per cent. Developing economies, except China, are expected to experience negative growth rates between 1.0 and 2.0 per cent. Income per capita will fall in more than 170 countries.
The IMF also issued a warning about the state of global financial system and said further intensification of the crisis would affect global financial stability''. However, the massive injection of trillions of dollars by central banks and their willingness to do more if necessary, has stabilised markets in the major financial centres around the world. US markets are surging and continuing the mostly upward trend over the last week despite record unemployment claims and poor bank performance.

Market Risk and Restraints

There are many links in the viscose fiber supply chain that can cause damage to the environment, including wood pulp production that may have a devastating impact on ancient and endangered forests, fiber production plants emitting toxic chemicals, dyeing and finishing processes, and the use of water resources. The discharge of harmful chemicals is not sustainable. In order to cope with huge environmental challenges, the Chinese government has begun to strengthen the implementation of pollution prevention and control regulations in recent years. This has had a major impact on China's manufacturing industry. The Ministry of Environmental Protection of China carried out large-scale inspections, tens of thousands of factories were forced to close or were fined, and much corporate management faced criminal prosecutions. Such enforcement efforts also affect the rayon fibers industry.

Segmentation Overview:

Among different product types, Viscose Staple Fiber segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Textiles Field segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Rayon Fibers market covered in Chapter 3:

Lenzing
Sanyou
Xinxiang Bailu
Sateri
Aoyang Technology
Fulida
Silver Hawk
Aditya Birla Group
Kelheim
Yibin Grace Group
Bohi Industry
Xiangsheng Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Rayon Fibers market from 2018 to 2029 is primarily split into:

Viscose Staple Fiber
Viscose Filament Fiber
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Rayon Fibers market from 2018 to 2029 covers:

Textiles Field
Industrial Field
Medical Field
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)