Market Research Report
Viscose Staple Fiber Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||568527|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Viscose Staple Fiber Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: January 1, 2020||Content info: 120 Pages||
The global viscose staple fiber market is likely to register healthy growth, at an estimated CAGR of greater than 4% over the forecast period. One of the major factors driving the growth of the market studied is the growing demand for apparels and clothing. The rising demand from textile & apparel, non-woven, and specialty manufacturing sectors have also hugely attributed to the growth of the market.
Increasing Demand for Woven Fibers
Asia-Pacific Region to Dominate the Market
Asia-pacific is expected to dominate the VSF market during the forecast period. 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. China is the largest clothing producer in the world, and has the largest production capacity for textile products consisting of cotton, manmade fibers, and silk. The major problem faced by the Chinese viscose staple fiber industry is the presence of the surplus production capacities. Additionally, there has been an increase in wages in the country due to which the textile production is expected to shift to low-wage ASEAN countries, ultimately affecting the sales of viscose staple fiber in China. Due to all these factors, the market for viscose staple fiber is expected to increase in the region during the forecast period.
The global VSF market is consolidated in nature and the top 5 manufacturers occupy around 60% of the market. Major players in the market include Lenzing AG, Aditya Birla Group, SATERI, XINJIANG ZHONGTAI CHEMICAL CO., LTD., and Tangshan Sanyou Group Xingda Chemical Fibre Co.Ltd, among others.