Increasing Developments by Key Players Boosted Viscose Staple Fiber Market Growth

 

Viscose Staple Fiber Market

Viscose Staple Fiber Market, By Application (Woven (Including Textile and Apparel)), Non-woven and Specialty (Healthcare, Automotive, Others), And by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030.

Market Overview:

Viscose staple fiber, also known as rayon, is a type of regenerated cellulose fiber derived from natural materials such as wood pulp or cotton linters. It is produced through a multistep process that involves treating the cellulose with chemicals and then extruding it through spinnerets to form fibers. These fibers are then chemically treated and processed to enhance their properties and make them suitable for various applications.

Viscose staple fiber is widely used in the textile industry due to its versatility and affordability. It possesses several desirable characteristics, including softness, comfort, good drape, high moisture absorption, and breathability. These properties make it a preferred choice for manufacturing a wide range of textile products, such as clothing, home textiles (bedding, curtains, etc.), and non-woven fabrics.

Competitive Landscape:

Major players operating in the global viscose staple fiber market include Jilin Chemical Fiber, Somet Fiber, Nanjing Chemical Fiber, Xinxiang Bailu, Kelheim-Fibres, Manasi Shunquan, Silver Hawk, Zhejiang Fulida, Yibin Grace Group Company, Shandong Bohi, Xiangsheng, Aoyang Technology, Xinjiang Zhongtai, Sateri Chemical Fibre, Sanyou, Lenzing, and Aditya Birla Group.

Key Market Drivers:

The growing population, rising disposable income, and changing fashion trends are expected to augment the growth of the global viscose staple fiber market. With increasing environmental concerns, consumers are shifting towards sustainable and eco-friendly materials. Viscose staple fiber, being a renewable and biodegradable fiber, is gaining popularity.

Ongoing research and development activities have led to the development of advanced manufacturing processes and improved quality of viscose staple fibers, enhancing their properties and widening their applications. This is estimated to enhance the growth of the global viscose staple fiber market. For instance, in April 2019, Jiangsu Xiangsheng Viscose Fiber Co., Ltd. was acquired by Sateri.

Covid-19 Impact Analysis:

The COVID-19 pandemic led to a decline in demand for textile products due to lockdowns, travel restrictions, and economic uncertainties. As a result, the viscose staple fiber market experienced a temporary setback in terms of production and sales. However, developments by market players gradually boosted the growth of the global viscose staple fiber market. For instance, in March 2020, Sateri introduced viscose fiber by utilizing recycled textile waste.

Key Takeaways:

·         North America is expected to dominate the growth of the global viscose staple fiber market, owing to the strong presence of the textile industry, increasing demand for sustainable fibers, and growing consumer awareness about eco-friendly products. For instance, in October 2022, Gerber Childrenswear LLC and Birla Cellulose launched an advanced range of clothing for toddlers and babies by Gerber.

·         The Asia Pacific is estimated to witness high growth in the global viscose staple fiber market, attributed to the presence of major textile manufacturing countries such as China, India, and Bangladesh. Rapid industrialization, urbanization, and a large population contribute to market growth in this region. For instance, in July 2022, Sateri introduced 3 carbon-neutral fiber products called FINEX, Lyocell, and EcoCosy.