Viscose Staple Fiber Market: Current Analysis and Forecast (2021-2027)

Growth in the textile and apparel sector in regions such as North America, Europe, and the Asia Pacific is contributing to the market growth of the viscose staple fiber market, globally. India's domestic clothing and textile sector provides 5% of the GDP, 7% of industrial production in value terms, and 12% of export revenues. India is the world's sixth-largest exporter of textiles and clothing.

Moreover, 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. Also, 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 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. 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, etc., are some of the prominent players operating in the Viscose Staple Fiber market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.

Insights Presented in the Report

"Amongst raw material, wood pulp segment grabbed major market share"

Based on the raw material, the market is fragmented into Wood pulp, Cotton Pulp, Cellulose Xanthate, and Others. The wood pulp segment grabbed the major market share and dominated the market. The market of this segment would reach USD XX Mn by 2027. Wood pulp has high demands in Viscose Staple Fiber (VSF) Industry in their production for its low cost and also Relatively short fibers provide better processability and mature infrastructure available in pulp and paper mills to produce large quantities at low cost.

"Amongst application, woven segment to grab considerable market share"

Based on the application, the market is fragmented into Woven, Non-woven, and Specialty. The woven segment grabbed the major market share and dominated the market in 2020. Expanding the textile and apparel industry across the globe is leading to the growing share of the woven segment. China, the EU, India, U.S, and turkey are the top 5 leading exporters of textile.

"Amongst end-user, apparel& clothing segment to grab considerable market share"

Based on the end-user, the market is fragmented into Apparel & Clothing, Healthcare, Automotive, and Others. The apparel segment grabbed the major market share in 2020. However, the healthcare and the automotive segment would witness a considerable CAGR in the forthcoming years. The growth of the global apparel market is expected to remain moderately strong, owing to increasing disposable income in middle-class people globally to shorten the fashion cycles.

"Asia-Pacific represents one of the largest markets of Viscose Staple Fiber market"

For a better understanding of the market adoption of the viscose staple fiber market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe region grabbed XX% market share and generated revenue of USD XX Million in 2020. However, the Asia -Pacific region would witness the highest CAGR during the forthcoming years

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Deep dive regional level analysis of the industry

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