Viscose Fiber Market Size, Share, Growth, and Industry Analysis, By Type (Viscose Filament Yarn, Viscose Staple Fiber), By Application (Spinning Clothing, Home Textile, Medical Textile, Industry Textile), Regional Insights and Forecast to 2032

Updated On: 08 April 2024

VISCOSE FIBER MARKET REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

global viscose fiber market size was USD 14120 million in 2020 and market is projected to touch USD 24600.80 million by 2032 at CAGR 4.8% during the forecast period.

The viscose fiber market is experiencing significant growth, driven by its versatility and eco-friendly characteristics. Derived from natural sources like wood pulp, viscose fibers are known for their softness, breathability, and moisture absorption properties. With an increasing emphasis on sustainable and biodegradable materials, viscose fibers have gained prominence in the textile industry, offering a viable alternative to traditional synthetic fibers. The market's expansion is further fueled by the rising demand for eco-conscious fashion and home textiles. As consumers prioritize environmentally friendly choices, the viscose fiber market is poised for continued expansion, reflecting a dynamic shift towards sustainable and renewable material solutions.

COVID-19 Impact: Market Growth Restrained by Pandemic Due to Supply Chain Disruptions

The viscose fiber market faced a notable setback due to the COVID-19 pandemic. The global economic slowdown and disruptions in the supply chain adversely affected the production and distribution of viscose fibers. Lockdowns and restrictions led to a decline in consumer spending on non-essential goods, impacting the textile industry, a key consumer of viscose fibers. The reduced demand for apparel and home textiles, coupled with logistical challenges, contributed to a temporary contraction in the viscose fiber market. However, as economies gradually recover and consumer confidence rebounds, the market is expected to regain momentum, supported by the growing preference for sustainable and comfortable materials.

LATEST TRENDS

"Sustainable Innovation Drives Market Growth"

In the dynamic landscape of the viscose fiber market, a noteworthy trend gaining traction is the adoption of eco-friendly microfiber technology. As the textile industry embraces sustainability, manufacturers are increasingly incorporating innovative processes to produce viscose microfibers with reduced environmental impact. This trend aligns with the growing consumer demand for eco-conscious products, emphasizing the industry's commitment to responsible and sustainable practices. The development and integration of eco-friendly microfiber technology not only address environmental concerns but also position viscose fibers at the forefront of the global shift towards greener and more responsible textile solutions.

VISCOSE FIBER MARKET SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type the global market can be categorized into viscose filament yarn, viscose staple fiber

Viscose Filament Yarn: Known for its continuous and smooth fibers, viscose filament yarn is valued for its strength, sheen, and versatility. Widely used in textiles, it is favored for creating lustrous fabrics, adding a luxurious touch to a range of products from apparel to home furnishings.

Viscose Staple Fiber: Comprising shorter fibers, viscose staple fiber is a staple in textile manufacturing, contributing to the production of comfortable and breathable fabrics. Its versatility makes it a popular choice for a wide array of applications, including clothing, bedding, and non-woven materials.

• By Application

Based on application the global market can be categorized into spinning clothing, home textile, medical textile, industry textile

Spinning Clothing: Viscose fibers find application in spinning clothing, contributing to the creation of soft, breathable, and versatile fabrics. The textile industry utilizes viscose to produce a wide range of fashionable and comfortable clothing items.

Home Textile: In the home textile sector, viscose fibers play a crucial role in crafting luxurious and absorbent products, such as bedding, towels, and drapes. Their inherent qualities contribute to the creation of comfortable and aesthetically pleasing home furnishings.

Medical Textile: Viscose fibers are employed in medical textiles for their hypoallergenic and moisture-absorbing properties, making them suitable for items like wound dressings and surgical textiles. Their integration enhances comfort and functionality in medical applications.

Industrial Textile: Viscose fibers in industrial textiles contribute to applications like filtration, tire cord, and conveyor belts, leveraging their strength and durability. Their versatility makes them a valuable component in various industrial processes.

DRIVING FACTORS

"Sustainable Fashion Surge Drives the Market"

The increasing consumer preference for sustainable and eco-friendly fashion choices has emerged as a major driving force for the viscose fiber market. With a rising awareness of environmental issues, consumers are actively seeking clothing made from renewable and biodegradable materials like viscose. This demand is compelling manufacturers to integrate sustainable practices in viscose fiber production, thereby driving market expansion.

"Innovation in Textile Applications Fuels the Market Growth"

The versatility of viscose fibers is fueling innovation in textile applications, serving as a second driving factor. From activewear to home textiles, manufacturers are exploring new avenues to utilize the unique properties of viscose fibers. Innovations such as enhanced breathability, moisture-wicking capabilities, and improved dye retention are reshaping the market, attracting diverse industries and contributing significantly to the overall growth of the viscose fiber sector.

RESTRAINING FACTORS

"Eco-Conscious Hurdles a Key Restraining Factor in the Market"

The growth trajectory of the viscose fiber market encounters a notable obstacle in the form of heightened environmental scrutiny. As sustainability becomes a focal point, concerns regarding the ecological impact of viscose production processes have come to the forefront. Issues encompassing chemical usage, water consumption, and deforestation linked to raw material sourcing present formidable challenges for the industry. Regulatory pressures and consumer demands for transparency and eco-friendly practices necessitate a proactive approach. Navigating these eco-conscious hurdles is imperative for sustained viscose fiber market growth, urging industry players to adopt responsible and sustainable practices across the entire production chain.

VISCOSE FIBER MARKET REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"Asia Pacific Emerges as the Pivotal Driver in the Market Due to Large Pool of Skilled Labor"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The Asia-Pacific region stands as the dominant force in the viscose fiber market share, spearheaded by robust textile industries in countries like China and India. With extensive manufacturing capabilities and a growing demand for affordable, eco-friendly textiles, the region plays a pivotal role in production and consumption. Asia-Pacific's economic growth and emphasis on sustainability further solidify its position, driving innovation and shaping the global landscape of the viscose fiber market. As consumer preferences continue to evolve and environmental considerations gain prominence, the region remains a key player, influencing the industry's dynamics and contributing significantly to the market's overall growth.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

In the realm of viscose fibers, key industry players are driving transformative changes through relentless innovation and strategic market expansion. These pioneers are at the forefront of developing cutting-edge technologies, enhancing production processes, and introducing eco-friendly practices. Simultaneously, their strategic market expansion initiatives ensure a global footprint, catering to evolving consumer demands. As the textile landscape undergoes paradigm shifts towards sustainability and versatility, these industry leaders play a pivotal role in shaping the future of the viscose fiber market, setting benchmarks for excellence, and pushing the boundaries of what is achievable in this dynamic and competitive industry.

List of Market Players Profile

• Aditya Birla Group (India)
• Lenzing (Austria)
• Sanyou (China)
• Sateri Chemical Fibre (China)
• Xinjiang Zhongtai (China)
• Aoyang Technology (China)
• Xiangsheng (China)
• Shandong Bohi (China)
• Yibin Grace Group Company (China)
• Zhejiang Fulida (China)

INDUSTRIAL DEVELOPMENT

October 2021: A significant industrial development in the viscose fiber market is the integration of Lyocell technology. This innovative process involves using a solvent spinning technique to produce fibers from cellulose, enhancing the overall sustainability and quality of viscose fibers. Lyocell technology stands out for its environmentally friendly attributes, utilizing a closed-loop system that minimizes chemical waste. As the industry seeks eco-conscious solutions, the adoption of Lyocell technology represents a transformative step, meeting consumer demands for sustainable textiles. This industrial evolution not only boosts the market's environmental credibility but also positions viscose fibers at the forefront of technological innovation in the textile sector.

REPORT COVERAGE

The viscose fiber market is undergoing a dynamic transformation fueled by a convergence of sustainability, innovation, and market dynamics. Despite facing challenges such as environmental scrutiny, the industry is adapting with initiatives like Lyocell technology, showcasing a commitment to eco-friendly practices. The dominance of the Asia-Pacific region, particularly China and India, remains a defining factor, supported by robust textile industries. Key industry players are shaping the market's future through continuous innovation and strategic expansion, setting new standards in a rapidly evolving landscape. As consumer preferences shift towards sustainability, the viscose fiber market is poised for further growth, promising a future where environmental consciousness and technological advancements coalesce.