Scope of the Study
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 market study is being classified 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. According to AMA, the Global Viscose Fiber market is expected to see growth rate of 5.8%
Aditya Birla (India), The Lenzing Group (Austria), Kelheim Fibres GmbH (Germany), COSMO Fiber Corporation (United States), Sanyou (United States), Fulida Group (China), Sateri (China), Aoyang Group Co. (China), Shandong Helon (China), Shandong Bohi (China) and Xiangsheng Group Co.Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Yibin Grace Group Co. (China), Jiangxi Longda (China), Xinxiang Bailu Chemical Fiber Co.Ltd. (China), Silver Hawk (China) and Covestro AG (Germany).
Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Viscose Fiber market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Viscose Fiber market by Type, Application and Region.
On the basis of geography, the market of Viscose Fiber has been segmented into 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). If we see Market by End users, the sub-segment i.e. Spinning Clothing will boost the Viscose Fiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adaption of Viscose Fabrics & Consumer Preferences
- High Demand for Apparels & Ambiguity in Cotton Price
- Versatile and Easily Bendable Nature of Fibers
- Increasing Demand for Woven Fibers
- Rapid Digitalization, Social Networking Sites, and Applications, Leading To Sale of Garments
- Fluctuating Raw material Prices of Fibers
- The Rising Demand from Textile & Apparel, Non-Woven, and Specialty Manufacturing Sectors.
- Presence of the Surplus Production Capacities is Posing a Challenge for the market.
Market Leaders and their expansionary development strategies
In October 2018, Lenzing and Covestro have joined forces to develop a sustainable solution for coated textile materials for shoes. Genuine leather, despite all its good properties, is increasingly criticized not only by animal welfare organizations and a growing vegan community; but also because the environmental impact of the conventional tanning industry with its high water consumption and chemical use is very controversial.
In January 2019, Asia Pacific Rayon (APR) initiated the commissioning of its viscose rayon plant in December 2018. With an annual production capacity of 240,000 tonnes of viscose fiber, APR supports the development of Indonesia’s textile industry by reducing its dependence on cotton and viscose imports. and APR produces viscose rayon that can be applied to apparel (e.g. innerwear, outerwear, uniform, denim, accessories, lining), home textiles (e.g. bed linen, towel, upholstery) and technical textiles.
Key Target AudienceViscose Fiber Manufacturers, Potential Investors, Textile Industry, Industry Associations, Government and Regulatory Bodies, Marketing firms and Traders, Distributors & Suppliers
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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