April 23, 2024
Viscose Staple Fiber Market

The Rising Demand For Viscose Staple Fiber Is Driving Increased Production

The global viscose staple fiber market provides sustainable textile alternatives made from wood or bamboo pulp. Viscose staple fiber products are moisture-wicking, breathable, and soft against the skin.

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 78% over the forecast period from 2024 to 2030.

Viscose staple fiber is manufactured using wood or bamboo pulp through a viscose production process. Viscose fibers provide a sustainable alternative to cotton and provide breathability and absorbency for clothing and hygiene products. The growing demand for affordable, eco-friendly textiles is driving increased production of viscose staple fibers globally. Major brands and retailers are committing to more sustainable materials which will further propel the viscose staple fiber market.

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 growing demand for affordable, eco-friendly textiles from brands, retailers, and consumers is driving increased capacity expansions by these key market players.

The rising population and demand for clothing, home textiles, and hygiene products is fueling the need for viscose staple fibers globally. Fast fashion brands and affordable clothing retailers depend on viscose staple fiber for its sustainable and affordable qualities. The affordable price point coupled with the growing middle-class population will continue spurring demand.

International brands are committing to more sustainable materials and demanding fiber traceability. This is driving fiber producers to expand globally near textile manufacturing hubs in Asia and other emerging markets. Global viscose staple fiber producers are setting up new production facilities or expanding existing sites to meet the ballooning demand worldwide.

Market Key Trends

One of the key trends in the Viscose Staple Fiber Market Demand is growing product innovations. Producers are developing solution-dyed fibers that are color-fast and do not require additional dyeing. This allowsbrands to save on dyeing costs and production timelines. Similarly, producers are focusing on specialty viscose fibers with properties like wrinkle-resistance, moisture-wicking, ultra-softness to target specific applications in clothing, linens, and hygiene categories. Sustainable product innovations will continue shaping consumption patterns in the global viscose staple fiber market.

Porter’s Analysis

Threat of new entrants: Low startup investments prevent entry of new players. Bargaining power of buyers: Presence of substitutes like cotton gives power to buyers. Bargaining power of suppliers: Specialized machinery and raw materials restrict suppliers’ power. Threat of new substitutes: Alternatives like polyester limit threat from new substitutes. Competitive rivalry: Dominance of established players intensifies competition.

Geographical Regions with Highest Market Share

Europe accounts for the largest share driven by steady demand from end-use industries in countries such as Germany, Italy and France. Asia Pacific is the fastest growing region due to huge Chinese and Indian markets utilising viscose staple fiber in clothing, home textiles and other applications.

Fastest Growing Geographical Region

Asia Pacific region is poised to grow at a highest CAGR through 2030. Factors such as expanding middle-class population, rising disposable incomes, growing fiber demand from textiles sector and strong economic growth especially in developing nations including China and India will boost viscose staple fiber consumption in Asia Pacific during the forecast period.

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