APAC to Dominate Viscose Staple Fiber Market
Rising demand for apparels
and clothing and growing consumer preference is driving the Global Viscose
Staple market through 2024.
According
to TechSci Research report, “Global Viscose Staple Fiber Market By Production Process, By Application, By Region, By
Company, Competition, Forecast & Opportunities, 2024”, the global viscose staple fiber market is expected to grow
during the forecast period on account of rising disposable
income and growing demand for apparels and clothing, globally. Additionally, increasing
awareness about eco-friendly products along with decreasing production of
cotton are the key factors that are anticipated to drive the growth of global
viscose staple fiber market in the coming years. Viscose fibers are extensively
used for the manufacturing of apparel, non-woven hygiene products and as a
packaging material as well because of its softness. The production cost of viscose
fiber is less when compared to cotton which is making it a popular choice among
the end users. Some of the impending challenges confronting the viscose staple
fiber market include over-expansion and under-utilization of production
capacities, particularly in China.
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Global viscose staple fiber market can be segmented based on production
process, application and region. Based on application, textiles & apparels category
is anticipated to register highest growth during the forecast years because of growing
demand for apparels and clothing in emerging economies. The United States and
China are the top two retail markets for apparels, along with Germany, United
Kingdom and Russia, which hold a significant demand for apparels. India and
Brazil are expected as fastest emerging markets for apparels over the next 5
years in response to growing foreign textile brands. Increasing demand can be
attributed to growing digitalization, social networking sites, and apps, which aid
in increasing the sales of garments, which in turn, is uplifting the demand for
viscose staple fiber.
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Aditya Birla Chemicals, Glanzstoff, Jilin Chemical Fiber Group Co., Ltd,
Kelheim Fibers 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., etc., are some of the leading players operating in global
viscose staple fiber market. “Asia-Pacific accounted for the largest share in
the global viscose staple market and the regional market is poised to grow at an
impressive pace during in the forecast period on account of growing product
demand for garments in Asia-Pacific countries. China continues to be the
largest production and consumption of viscose staple fiber.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Viscose Staple Fiber Market By Production
Process, By Application, By Region, By Company, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global viscose staple fiber market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global viscose staple fiber market.
Contact
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