AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Viscose Fiber market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Viscose Fiber market to grow at a CAGR of 5.8%.
The End users, such as Spinning Clothing, is boosting the Viscose Fiber market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Viscose Fiber market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Adaption of Viscose Fabrics & Consumer Preferences, High Demand for Apparels & Ambiguity in Cotton Price and Versatile and Easily Bendable Nature of Fibers. †
Viscose Fiber, also termed as rayon, is a type of hybrid nylon fabric used in the production of different types of apparel and the other functional clothing. Viscose fibers have a high amount of moisture retention. They do not shrink easily and are also biodegradable in nature. China is the largest producer and consumer of viscose fiber, globally. The country accounts for 65% of the total globally produced viscose fiber owing to the rapidly increasing yarn production. Further, the rising demand from textile & apparel, non-woven, and specialty manufacturing sectors have also hugely attributed to the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Viscose Fiber market by Type (Ordinary Fiber, High Wet Modulus Fiber, Strong Fiber and Modified Fiber), by Application (Woven (Textile & Apparel), Non-woven and Specialty, Healthcare, Automotive and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market