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.

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