[Online Quarterly Update]The global Viscose Filament Yarn (VFY) market is anticipated to grow at a CAGR of 4.40% during the forecast period from 2022-2030. Viscose Filament Yarn, also known as rayon filament yarn is a natural yarn obtained from wood or cotton pulp globally and commonly produced by a reaction of cellulose with caustic soda. It is widely used to make fabrics for variety of application including clothing & home textiles. Its silky & smooth appearance, ability to absorb liquid and different colors availability makes it versatile material to be used for clothing purpose such as for dresses, lingerie and others. VFY, being a low investment industry, the major share of demand comes from emerging nations such as China, India etc while stable across developed nations. There are wide range of VFY having several weaving and embroidery applications including 120D, 150D, 300D, and 600D deniers. The quality of these VFY is similar to natural fibers and its superior properties viz, highly absorbent, comfortable, soft and good drapability makes it suitable for weaving & knitwear industry across the globe.
In 2020, the outbreak of COVID-19 across the world have severely impacted VFY total market demand due to plunge in the textile sector. Since the manufacturers halted their operations following fall in overall demand and government’s restrictions effecting global supply chain hence producer’s overall production. This is however likely to improve during the year end backed by gradual reopening of economy and resuming operations by producers and gaining demand from textile industry which trigger an upsurge in overall global demand of VFY expect in emerging nations such as India, experiencing second wave of COVID-19 in 2021.
By Region, the VFY market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia¬-Pacific dominates the VFY market followed by Europe and North America as of 2020. The dominance of the region is due to the significant growth of textile industry across Asian countries generating huge demand for VFY across various applications.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
Objective of the Study:
•The primary objective of the study was to evaluate and forecast the Viscose Filament Yarn capacity, production, demand, inventory, and demand–supply gap globally.
•To categorize Viscose Filament Yarn demand based on Application, type, region and distribution channel.
•To identify major customers of Viscose Filament Yarn globally.
•To evaluate and forecast Viscose Filament Yarn pricing globally.
•To identify and profile major companies operating in the global Viscose Filament Yarn market.
•To identify major news, deals and expansion plans in the global Viscose Filament Yarn market.
Some of the major players operating in the global Viscose Filament Yarn market are Jilin Chemical Fiber Group, Nanjing Chemical Fiber, Hubei Golden Ring, CHTC Helon, Zhonghui Fiber, Hunan Heli Fiber, Indian Rayon, Century Rayon, ENKA, Glanzstoff Industries and others.
To extract data for the global Viscose Filament Yarn market, primary research surveys were conducted with Viscose Filament Yarn manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Viscose Filament Yarn market over the coming years.
ChemAnalyst calculated Viscose Filament Yarn demand globally by analyzing the historical data and demand forecast which was carried out considering the Application industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
•Viscose Filament Yarn manufacturers and other stakeholders
•Organizations, forums and alliances related to Viscose Filament Yarn distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Viscose Filament Yarn manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the Global Viscose Filament Yarn market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Type
Market, by Application
Clothing Textiles and Home Textiles
Market, by Distribution Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
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