Viscose Staple Fiber Market | Trend | Price | Analysis (2018-2023)
Viscose Staple Fiber Market - Segmented by Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

PUBLISHED

OCT 2018

Viscose Staple Fiber Market - Segmented by Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global viscose staple fiber (VSF) market accounted for 5601.32 kilo metric ton in 2017, and is expected to register a CAGR of 5.79% during 2018 to 2023 (the forecast period). One of the major factors driving the growth of the market studied is the growing demand for apparels and clothing. The rising demand from textile & apparel, non-woven, and specialty manufacturing sectors have also hugely attributed to the growth of the market. 

Growing demand for Apparels and Clothing

Viscose is an organic liquid produced from wood pulp. The processing of VSF imparts it with special characteristics, such as high strength and low moisture retention, that are useful in the textile and apparel industries. Moreover, these fibers are best suited for the highly-advanced machines in the textile industry.  Apparel is one of the oldest and largest export industries in the world. It is also one of the fastest growing global industries as most developing nations manufacture textiles for the international textile and apparel market. The apparel & clothing industry grew at a healthy rate despite the economic slowdown and the trend is is expected to majorly drive the viscose staple fiber market during the forecast period. 

Wooven to Dominates the Market

Viscose staple fibers (VSF) or artificial cotton fibers are natural and biodegradable. These fibers are obtained from wood pulp and cotton pulp, which share the characteristics of cotton fibers. These are versatile and easily bendable fibers, and have a wide-range of application in apparels, home textiles, home furnishings, dress materials, and woven & knit wear. Asia-Pacific, the largest market for woven fabrics, is witnessing a healthy growth due to the increasing demand in countries, like India, China, etc. Increasing demand for textiles and apparels is expected to drive the demand for VSF in these applications.

Asia-Pacific to Dominates the Market

Asia-pacific is expected to dominate the VSF market during the forecast period. China is the largest producer and consumer of viscose staple fiber, globally. The country accounts for ~65% of the total globally produced viscose staple fiber owing to the rapidly increasing yarn production. With the increase in yarn production in China, the demand for viscose staple fiber is expected to grow. Yarn production has been increasing, due to the increasing production of non-woven fabrics in the country. The textile industry in India is one of the most vital sector of the economy, contributing nearly 4% to the country’s GDP. India is the world’s second largest manufacturer and exporter of textile and apparel, after China. Japan exports viscose staple fiber to countries, including China, Vietnam, the United States, and Indonesia. Adoption of latest technologies in processing of textiles has stimulated the growth of textile industry in Japan.

Key Developments in the Market

  • January 2018: Grasim Industries received eco clearance for expanding the production of viscose staple fiber at Gujarat, India that would entail an investment of INR 2,560 crore.
  • April 2017: Sateri signed an investment agreement with the municipal government of Jiujiang in Jiangxi province to expand its viscose staple fiber capacity in China, by up to one million metric ton per year

Major Players: Aditya Birla Management Corp. Pvt Ltd, Tangsgan Sanyou Group  Xingda Chemical Fibre Co. Ltd, Sateri Holding Ltd., Lenzing AG, amongst others.

Viscose Staple Fibers Market Report Summary

Metrics

Details

Industry

Viscose Staple Fibers Market

Study Period

(2016 – 2023)

Largest Market Share by Region

Asia-Pacific

Companies Covered

Aditya Birla Management Corp. Pvt Ltd, Tangsgan Sanyou Group  Xingda Chemical Fibre Co. Ltd, Sateri Holding Ltd., Lenzing AG, amongst others.

Report Offerings

Viscose Staple Fibers Market offers latest trends, growth prospects, industry competitiveness, major players, value/supply chain, regional market share and forecast to 2023.

Reasons to Purchase this Report

  • Identify the current and future prospects of the viscose staple fiber market in the developed and emerging markets
  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Information about the growth of the various segments that are expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

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1. Introduction

  1.1 Scope of the Report

  1.2 Study Assumptions

  1.3 Study Deliverables

  1.4 Research Phases

2. Executive Summary

3. Market Insight

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Force Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Production Process

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Growing Demand for Apparels and Clothing

                                4.1.2 Increased Adoption of Viscose Fabrics due to Ambiguity in Cotton Prices

                4.2 Restraints

                                4.2.1 Retaliatory Tariff on Viscose in the United States

                                4.2.2 Competition from Synthetic Fibers

                4.3 Opportunities

                                4.3.1 Increasing Use of Cellulose Fibers in Healthcare Applications

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

                5.1 By Application

     5.1.1 Woven (Textile & Apparel)

     5.1.2 Non-woven and Specialty

                                                5.1.2.1 Healthcare

                                                5.1.2.2 Automotive

                                                5.1.2.3 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Rest of the Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 Italy

                                6.3.4 France

                                6.3.5 Rest of Europe

                6.4 Rest of the World

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Other Countries

7. Competitive Landscape

                7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 Aditya Birla Chemicals

                8.2 China Hi-Tech Group Corporation (CHTC)

                8.3 Glanzstoff Industries

                8.4 Jilin Chemical Fiber Group Co. Ltd

                8.5 Kelheim Fibers GmbH

                8.6 Lenzing AG

                8.7 Milan

                8.8 Nanjing Chemical Fibre Co. Ltd

                8.9 Sateri Holdings Limited

                8.10 Sniac Group

                8.11 Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd

                8.12 Xinjiang Zhongtai Chemical Co. Ltd

9. Disclaimer

**Subject to Feasibility and Availability on Public Domain

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