April 14, 2024
Viscose Staple Fiber Market

Viscose Staple Fiber Market Poised To Expand At A Robust Pace Driven By Rising Demand From Textile Industry

Viscose staple fiber is a type of regenerate cellulosic fiber derived from cotton linters and wood pulp through a viscose process. It offers advantages such as excellent absorbency, moisture absorption, and softness. The fiber is used widely in the production of various textiles including garments, socks, linens, and home furnishings. The Global Viscose Staple Fiber Market is estimated to be valued at US$ 14.83 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the viscose staple fiber market are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd. The key players are focusing on expanding their production capacities and global footprint to tap the growth opportunities in emerging economies. The growing population, rising disposable incomes, and changing lifestyles in Asia Pacific and Latin America are expected to drive strong demand for viscose staple fiber-based textiles. The key players are planning strategic mergers and acquisitions with local players to leverage the high growth potential in these regions.

Market drivers

One of the key drivers Propelling the Viscose Staple Fiber Market Growth is the rising demand from the textile industry. Viscose staple fiber offers desirable properties such as excellent drape, absorbency, dimensional stability, easy dyeing, and a comfortable feel. It is used widely in the production of apparels, home textiles, and industrial fabrics. The rapidly growing textile industry, especially in Asia Pacific is expected to boost viscose staple fiber consumption over the forecast period.

PEST Analysis

Political: Viscose staple fiber production is regulated by environmental norms set by governments across countries. New ecological standards may impact manufacturing operations.

Economic: Global economic conditions influence demand patterns. A recession impacts demand from end-use industries like apparel negatively. Currency fluctuations affect input costs and exports.

Social: Changing lifestyles and demand for sophisticated textiles lead to novel fabric innovations using viscose fibers. Focus on sustainability increases preference for natural cellulosic fibers over synthetic alternatives.

Technological: Advanced production techniques help reduce costs and improve quality. Continued R&D leads to specialty fiber grades for technical textiles. Digital technology applications in supply chain and inventory management boost efficiency.

Geographical regions of concentration

The Asia Pacific region accounts for the largest share of the global viscose staple fiber market in terms of value. This is attributed to large manufacturing bases and availability of raw materials in countries like China and India. Countries like Bangladesh and Vietnam also contribute to regional market growth through significant viscose fabric and garment exports.

Fastest growing region

The Europe region is projected to record the highest growth during the forecast period on account of revived demand from textile industries and a shift toward eco-friendly fibers. Stringent environmental norms and policies propel replacement of synthetic fibers with natural cellulosic options across various end-use industries.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it