A comprehensive overview of the Viscose Staple Fiber Market is recently added by UnivDatos Market Insights to its humongous database. The viscose staple fiber report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the viscose staple fiber market. The viscose staple fiber report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates viscose staple fiber at the global and regional levels. The Viscose Staple Fiber Market is expected to grow at an exponential CAGR from 2021-to 2027.
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Market Overview
Viscose is a man-made fiber derived from cellulose dissolving pulp and its raw materials are diverse, e.g., wood, cotton, or bamboo can be used. Currently, hardwood forests are the main source of cellulose used in viscose production. Cellulose is transformed into dissolving wood pulp and sold to fiber producers for filament or staple fibers production. Global viscose fiber production capacity grew at an average annual rate of 7.7% during the first decade of the 21st century, driven primarily by expansion in Asian countries. About 85% of the total viscose fiber production is produced as staple fibers and about 15% as filaments. Overall fiber production declined in 2020, and the market share of preferred fiber and materials is increasing. But even with this growth, preferred fibers still only represent less than one-fifth of the global fiber market. Furthermore, overall cotton production remained relatively stable over the last few years with a production volume of 26.2 million tonnes in 2020 (i.e., the 2019/20 ICAC harvest year), the market share of preferred cotton increased from 24% in 2018/19 to 30% in 2019/20.
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COVID-19 Impact
The COVID-19 pandemic has had a substantial impact on the value chain in every aspect. Because of the government's limitations, the supply of raw materials came to a halt. As a result of the lockdowns in several countries, the price of viscose fiber has dropped, forcing many companies, such as Lenzing AG, to start making safety masks at their factories, as non-woven fibers are needed for masks manufacturing. The pandemic had a detrimental influence on the market, particularly in automobile and garment applications. However, the industry saw marginal growth in 2021, as several firms have begun to produce woven textiles in their facilities. In the anticipated time, the market is expected to grow positively.
The viscose staple fiber market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Application, the market is primarily bifurcated into
• Woven
• Non-woven and Specialty
The woven segment grabbed XX% market share in 2020. Increasing demand for woven material is leading to a greater share of this segment. Natural and biodegradable viscose staple fibers or artificial cotton fibers are made from wood pulp and cotton pulp, both of which have properties similar to cotton fibers. These fibers are adaptable and pliable, and they may be used in a variety of applications, including garments, home textiles, home furnishings, dress materials, and woven and knitted.
By end-user, the market is primarily bifurcated into
• Apparel & Clothing
• Healthcare
• Automotive
• Others
The apparel & clothing segment grabbed XX% market share in 2020. Growing demand for apparel owing to the growing consumer preference in response to growing foreign textile brands is contributing to the growing share. Moreover, the demand has been augmented by digitalization and social networking sites and apps, which help in increasing the sale of garments.
Viscose Staple Fiber Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the Asia-Pacific region grabbed XX% market share in 2020. China is the largest producer and consumer of viscose staple fiber globally. The country accounts for ~65% of the total globally produced viscose staple fiber, owing to the rapidly increasing yarn production. However, the Europe region would witness a considerable CAGR during the forthcoming years.
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The major players targeting the market include
• Asia Pacific Rayon Limited
• Birla Cellulose
• Glanzstoff
• Jilin Chemical Fiber Group Co. Ltd
• Kelheim Fibres GmbH
• LENZING AG
• Nanjing Chemical Fibre Co. Ltd
• Sateri
• SNIACE Group
• Xinjiang Zhongtoi Chemical Co. Ltd
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Viscose Staple Fiber market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the viscose staple fiber market?
· Which factors are influencing the viscose staple fiber market over the forecast period?
· What are the global challenges, threats, and risks in the viscose staple fiber Market?
· Which factors are propelling and restraining the viscose staple fiber Market?
· What are the demanding global regions of the viscose staple fiber Market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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