Viscose Staple Fiber is a type of regenerated cellulosic fiber derived from naturally occurring polymers such as wood pulp or cotton lint through chemical processing. It possesses properties such as excellent absorbency, hand feel, dye-affinity and easy care compared to cotton and other synthetic fibers. Viscose Staple Fiber finds extensive applications across various end-use industries including apparel, home textiles, hygiene and filtration products owing to its attributes.

The Global Viscose Staple Fiber Market is estimated to be valued at US$ 14.83 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Viscose Staple Fiber are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd. The viscose staple fiber industry has immense potential for strategic partnerships and acquisitions to expand its geographical reach and product offerings. The growing demand from developing nations of Asia Pacific and Latin America owing to rapid industrialization and rising disposable incomes presents tremendous growth opportunities for manufacturers. stringent environmental regulations pertaining to emissions and effluent discharge may compel manufacturers to invest in eco-friendly technologies and shift to regions with lenient norms, thereby accelerating global expansion of the market.

Market Drivers

Growing apparel production owing to rising fashion consciousness among millennials and Gen Z consumers is a key factor driving the Viscose Staple Fiber Market Share. Expanding applications in home textiles such as curtains, towels and upholstery material on account of increasing construction of residential and commercial spaces supplements market growth.

PEST Analysis

Political: The Viscose Staple Fiber market is influenced by various government policies and regulations regarding environmental pollution. The governments support sustainable production and use renewable raw materials to reduce dependency on wood-based raw materials.

Economic: The demand for Viscose Staple Fiber fluctuates with changes in the textile industry and economic cycles. A stable economic environment promotes growth in textile industries fueling demand. Volatility in raw material prices and currency exchange rates impacts manufacturing costs.

Social: Changing consumer preferences towards comfort, easy care, and sustainability impact product demand. Increasing health awareness boost demand for natural fabrics like viscose. Rapid urbanization in developing nations expanding the customer base.

Technological: Advances in production processes enhance efficiency and sustainability. Manufacturers focus on developing innovative production technologies to reduce costs and environmental footprint. New spinning techniques and fiber blending open up new application areas.

Geographical regions where market in terms of value is concentrated

Asia Pacific region holds the largest share of the global Viscose Staple Fiber Market currently, due to the strong presence of textile industries and manufacturers in countries like China, India, and Indonesia. The region witnesses high demand from the apparel and clothing sectors.

The fastest growing region for the Viscose Staple Fiber market

North America region is projected to grow at the highest CAGR during the forecast period. This is attributed to burgeoning demand from the home textiles industry and changing consumer lifestyle and buying behavior in the region. Favorable government policies also support manufacturing growth in the US and Canada.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.