PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290827
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290827
The Viscose Staple Fiber Market size was valued at USD 12,507.1 Million in 2022, expanding at a CAGR of 4.8% from 2023 to 2030.
A form of synthetic cellulose-based fiber manufactured from cotton linters or wood pulp is known as viscose staple fiber. It is a component of the textiles that are used to make carpets, beds, and apparel. The smooth, silky feel and versatility of viscose staple fiber make it a desirable material. Moreover, it may be mixed with other fibers to make new fabrics with unique properties. Yet, the production process itself may have detrimental effects on the environment, such as pollution emission and deforestation.
The expanding textile sector and the attractiveness of natural and sustainable materials have both increased the need for woven fibers in recent years. Textiles for the house, clothes, and bedding are all made from woven materials including cotton, linen, and wool. The demand for clothing has grown in India as a result of changing customer preferences brought on by the expansion of multinational textile firms. Digitalization, social networking, and mobile applications have increased demand and helped boost clothing sales. According to The International Trade Administration, Indian clothing exports to the United States increased by 38.5% in 2021 to reach USD 209.63 million.
The Global Viscose Staple Fiber Market is segmented on the basis of raw material, Application, End-user, and Region.
The market is divided into categories based on raw material: Wood pulp, Cotton pulp, Cellulose xanthate, Sodium cellulose xanthate, and Others. Due to its low cost, wood pulp is highly demanded in the manufacturing of viscose staple fiber (VSF). also Shorter fibers are easier to process and may be used in pulp and paper mills with established infrastructure to produce huge volumes at cheap cost. For instance, Suzano, the largest producer of wood pulp in the globe, announced the development of a new facility with a yearly capacity of 2.3 million tons of eucalyptus pulp. The effort will add around 20% to Suzano's present 10.9 million tons per year of pulp manufacturing capacity.
The market is divided into three categories based on application: woven, non-woven, and others. The woven sector dominates the market and is likely to maintain its dominance during the forecast period. As customer preferences have increased in response to an increase in international textile companies, the demand for clothing has increased. Social networking sites, mobile applications, and digitalization have increased demand, which has increased clothing sales. The most significant synthetic cellulose fiber is viscose, and rising demand has benefited many developing nations. With the growth of new and progressively affluent consumer markets throughout the world, the demand for fast fashion is continuing to rise.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Due to rapidly rising yarn output, Asia-Pacific is likely to lead the VSF market over the forecast period. The majority of the world's viscose staple fiber production and consumption comes from China.
Lenzing AG, Sateri Holdings Limited, Aditya Birla Group, and China National Chemical Fiber Company are among the top competitors in the viscose staple fiber (VSF) industry. These businesses dominate the markets including in countries India, China, and Europe, and make up a sizeable portion of the world's VSF manufacturing capacity. There are a number of smaller VSF producers in addition to these main companies, notably in China, which has developed into a significant VSF production center because of its low production costs and plentiful raw material supply.
In October 2022, A new line of clothes from Gerber for infants and toddlers was released by Birla Cellulose and Gerber Childrenswear LLC. The apparel line offers a selection of luxuriously plush rompers, pajamas, gowns, and headbands made from a viscose fabric that is more ecologically created, mostly from eucalyptus trees discovered in the wild. The new material is a blend of 95% viscose and 5% spandex.
The scope of this report covers the market by its major segments, which include as follows: