Market Size of Viscose Staple Fiber Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Viscose Staple Fibre Market Analysis
The viscose staple fiber market is projected to register a CAGR of over 4% during the forecast period.
The COVID-19 pandemic has significantly impacted the value chain in every aspect. Because of the government's limitations, the supply of raw materials came to a standstill. As a result of the lockdowns in several countries, viscose fiber prices have dropped, forcing many companies, such as Lenzing AG, to start making safety masks at their factories, as non-woven fibers are needed for mask manufacturing. The pandemic had a detrimental influence on the market, particularly in automobile and garment applications. However, the industry saw marginal growth in 2021, as several firms have begun to produce woven textiles in their facilities. In the scheduled time, the market is expected to grow positively.
- In the short term, the market will be driven by the demand for viscose fiber from the fashion apparel sector.
- Synthetic fibers may hamper the market expansion of viscose fibers.
- Future market opportunities will arise from the growing usage of dense fibers in the medical sector.
- The Asia-Pacific region dominated the market and is also estimated to record the fastest CAGR during the forecast period.
