June 13, 2024
Viscose Staple Fiber Market

Viscose Staple Fiber Market Is Driven By Growing Preference For Blended Garments

The viscose staple fiber market has emerged as one of the fastest growing markets owing to various advantages offered by the product such as lightweight, softness, moisture wicking and easy absorbency. Viscose staple fiber is utilized in various applications including home furnishing, apparel, filtration and hygiene among others. It provides comfort and draping properties to garments which make it a suitable material for blending with natural and synthetic fibers like cotton, polyester, and wool.

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.

Viscose staple fiber is a type of regenerated cellulose fiber derived from wood pulp. It offers properties similar to natural fibers while being less expensive to produce. The growing demand for blended fabrics made from Viscose Staple Fiber Market Demand and other natural fibers such as cotton is a major driver for the market. Viscose staple fiber blended fabrics such as viscose-polyester, viscose-cotton and viscose-wool provide enhanced properties like durability, cost effectiveness and soft feel on skin. The home furnishing and apparel industries have been the major end-users of viscose staple fibers.

Key Takeaways

Key players operating in the viscose staple fiber market 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 rising demand for affordable blended fabrics from developing economies is expected to drive the growth of viscose staple fiber market over the forecast period. Major players are expanding their manufacturing facilities globally to tap the market potential in high growth regions.

The growing demand for viscose blended apparel globally is another major factor catalyzing the growth of viscose staple fiber market. Rise in per capita income and changing lifestyles in developing nations has increased the demand for fashionable and comfortable clothes made from blended fabrics. Availability of varied fabric textures at affordable prices using viscose staple fiber has made it a popular material among apparel brands and consumers.

Market Key Trends

Growing preference for eco-friendly and sustainable fabrics is a key trend in the viscose staple fiber market. Viscose production from renewable wood pulp sources it biodegradable and considered more environment friendly as compared to synthetic fibers. Major brands and retailers are focusing on developing portfolios with sustainable offerings made from fibers like viscose to cater to sustainability centric millennial consumers. Producers are boosting their R&D efforts to develop improved production technologies minimising environmental impact through each stage of viscose staple fiber making. This focus towards greener products aligns well with the global commitment towards sustainability and circular economy.

Porter’s Analysis

Threat of new entrants: High capital requirement in viscose staple fiber production limits threat. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of raw material sources. Threat of new substitutes: Substitutes like polyester and nylon staple fiber pose threat. Competitive rivalry: Intense competition among existing producers.

Geographical Regions

The Asia Pacific region currently accounts for the largest share in terms of value in the global viscose staple fiber market. Countries like China, India, Indonesia and Vietnam have emerged as major producers and consumers of viscose staple fiber in the region. Growing demand from textile industry especially in China is driving the market growth.

Europe is projected to witness the fastest growth during the forecast period. Developed economies like Germany, Italy, United Kingdom are major contributors to the European market. Increasing usage of viscose staple fiber in clothing, home textiles and other applications is boosting the regional market.

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