May 23, 2024
Viscose Staple Fiber Market

Rising Trends And Regional Dynamics In The Viscose Staple Fiber Market: Sustainable Solutions And Market Expansion

The viscose staple fiber market is experiencing increasing adoption owing to superior properties like absorbency, softness and affordability. Viscose staple fiber is manufactured from cellulose derived from sustainable wood or bamboo sources through a solvent-based process. It provides several advantages over cotton by being more durable, crease resistant and requiring less water for production.

The global viscose staple fiber market is estimated to be valued at US$ 14.83 Bn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the viscose staple fiber market are AT&T Inc., Huawei Technologies Co. Ltd., Verizon Wireless, Nokia Solutions and Networks B.V., Sprint Corporation, Alcatel-Lucent, T-Mobile US Inc., LM Ericsson, China Mobile Ltd., and Bharti Airtel Ltd. The growing demand for cost-effective and sustainable fabrics from the textile and clothing industry is propelling the Viscose Staple Fiber Market Demand. Additionally, viscose staple fiber production is increasing globally with major expansion plans by key players in Asia and Europe.

Market Key Trends

One of the key trends gaining foothold in the viscose staple fiber market is increasing adoption of recycled viscose fibers. Recycled viscose fibers offer enhanced sustainability by utilizing pre-consumer and post-consumer textile waste. Major players have launched recycled viscose lines under eco-friendly brands to cater to evolving environment-conscious consumer preferences. For instance, Lenzing’s TENCEL branded fibers use closed-loop production process to manufacture fibers from wood sourced from sustainably managed forests and recycled materials.

Porter’s Analysis

Threat of new entrants: New entrants find it difficult to enter the market as they need to make large investments.

Bargaining power of buyers: Large buyers have more bargaining power due to the availability of several substitutes in the market.

Bargaining power of suppliers: Few major suppliers dominate the market, which gives them a stronger position in negotiations.

Threat of new substitutes: Substitute products like cotton provide major competition.

Competitive rivalry: Companies compete on the basis of product quality and brand image.

Geographical Regions

The Asia Pacific region dominates the global viscose staple fiber market in terms of value due to large production volume in China. Countries like China, India, Indonesia are major producers and consumers of viscose staple fibers.

The fastest growing region for the viscose staple fiber market is South America. Countries like Brazil and Argentina are expected to fuel the market growth due to increasing textile industries and rising demand for viscose staple fibers in these regions over the forecast period.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.