Global Viscose Staple Fiber Market growing at a CAGR of 4.7% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the viscose staple fiber market is predicted to grow at a compound annual growth rate of 4.7% from 2023 to 2030 and is expected to reach USD 18,395.52 million in 2030 which was valued at USD 12,830.00 million in 2022.
The report highlights the increasing adoption of viscose staple fibers in the textile industry, which is augmenting global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the viscose staple fiber market.
Global Viscose Staple Fiber Market By Overview
The viscose staple fiber market is bifurcated into application and end-use industry. Based on application, the market is segmented into woven and non-woven. In 2022, the woven segment dominates in the overall viscose staple fiber market. The end-use industry segment is categorized into textile, automotive, healthcare, and others. In 2022, the textile segment accounted for the highest market share in the viscose staple fiber market.
Get Free SampleMarket Dynamics
Driver:
- The booming textiles industry is fostering the viscose staple fiber market growth at the global level.
- Bolstering the automotive industry is spurring the growth of the global viscose staple fiber market.
Restraints:
- Recent government restrictions associated with the supply of viscose staple fiber is restraining the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Application | Woven and Non-Woven |
| By End-use Industry | Textile, Automotive, Healthcare, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as LENZING AG, Sateri, Birla Cellulose, and Kelheim Fibres GmbH which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the viscose staple fiber market is expected to witness substantial growth in the coming years due to the increasing development of new textile manufacturing facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- LENZING AG
- Sateri
- Birla Cellulose
- Kelheim Fibres GmbH
- Asia Pacific Rayon Limited
- Glanzstoff
- SNIACE Group
- Clossus Tex
- China Hi-Tech Group Corporation (CHTC)
- Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd
