[Online Quarterly Update]The global demand for Viscose Staple Fibre (VSF) have grew at a healthy CAGR from past five years and is further anticipated to grow at a considerable CAGR of 4.78% during the forecast period from 2022-2030. VSF is a biodegradable cotton-like Fibres produced commonly from wood and cotton pulp across the globe having applications in apparel, home textiles, knit wears and other non-woven applications owing to its breathable nature which also take both moisture and heat away. The anticipated growth is likely to remain firm for a considerable period of time. The growth is largely attributed to the expanding textile & apparels sector which holds a lion share of around 80% as of 2020 in total VSF market. Textile & apparel further expected to maintain its dominance during coming years as well owing to cheaper stitching costs while non-woven segment having application in healthcare industry likely to grow at a substantial growth rate in near future more importantly during pandemic due to expanding demand and increasing focus towards safety to contain the disease spread.
The inadequate supply and availability of natural Fibres such as cotton including its manifold increase in prices globally would further propel the demand for Viscose Staple Fibre worldwide. However, recently in 2020 the demand curve of Viscose Staple Fibre has shown a remarkable dip as being hit by COVID-19 pandemic which have caused disruption in supply chain and non-availability of raw material across the globe due to lockdown imposed by the government across various nations and trade bans. Following this, manufacturers also started focusing on masks production which increased the overall market of non-woven Fibres, used to produce masks. The example includes Lenzing AG, one of the leading Austria-based company having Fibres business worldwide have started safety masks production in 2020 following manifold increase in the demand.
This has caused a marginal year-on-year decline of XX% in the overall Viscose Staple Fibre demand in 2020 as a result of COVID-19 crisis. However, the overall global Viscose Staple Fibre demand is anticipated to recover in the forecast period as producers shifting towards products in huge demand.
By Geography, VSF market is categorized into North America, South America, Europe, Asia-Pacific and Middle East & Africa. Of which, Asia-Pacific witness to be the fastest growing region throughout the forecast period followed by Europe and North America. The growth of the Asia-Pacific region is majorly attributed to the increasing demand of the products and expanding textile industry across leading emerging economies like India and China.
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 Staple Fibre capacity, production, demand, inventory, and demand–supply gap globally.
•To categorize Viscose Staple Fibre demand based on production process, application, and regional distribution.
•To identify major customers of Viscose Staple Fibre globally.
•To evaluate and forecast Viscose Staple Fibre pricing globally.
•To identify and profile major companies operating globally Viscose Staple Fibre market.
•To identify major news, deals and expansion plans globally Viscose Staple Fibre market.
Some of the major players operating in the global Viscose Staple Fibre market are Aditya Birla Chemicals, Glanzstoff, Jilin Chemical Fibre Group Co., Ltd, Kelheim Fibres GmbH, Nanjing Chemical Fibre Co. Ltd, Xingda Chemical Fibre Co. Ltd, Lenzing AG, Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd, Xinjiang Zhongtai Chemical Co. Ltd, Sateri Holding Ltd. and others.
To extract data for Global Viscose Staple Fibre market, primary research surveys were conducted with Viscose Staple Fibre 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 Staple Fibre market over the coming years.
ChemAnalyst calculated Viscose Staple Fibre demand globally by analyzing the historical data and demand forecast which was carried out considering the end use 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 Staple Fibre manufacturers and other stakeholders
•Organizations, forums and alliances related to Viscose Staple Fibre 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 Staple Fibre 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 Staple Fibre market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Production Process
Rayon Grade Pulp, Caustic Soda, Carbon Disulphide, Sulphuric Acid
Market, by Application
Textiles & Apparels, Non-Woven and Specialty, Healthcare, Automotive, Others
Market, by Region
North America, APAC, Europe, MEA, South America
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