The global Viscose Staple Fiber market offers natural cellulose-based fibers with properties similar to cotton. Viscose Staple Fiber is produced from sustainable wood pulp and bamboo sources through the viscose process. It provides softness, moisture absorption and drapeability to fabrics.
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 Viscose Staple Fiber from the textile industry is majorly fueling the market growth. Viscose Staple Fiber finds wide applications in clothing, home textiles and industrial uses owing to its properties. Leading players are expanding their production facilities globally to leverage the market opportunities.
Market Key Trends
The Viscose Staple Fiber Market Demand Consumers are preferring natural cellulose-based fibers over synthetic fibers due to environmental concerns. Viscose Staple Fiber is derived from sustainable wood or agricultural waste sources through an eco-friendly production process. The manufacturers are focusing on increasing the production of Viscose Staple Fiber to cater to the growing demand for green alternatives.
Porter’s Analysis
Threat of new entrants: High capital investment requirement acts as a barrier for new firms. Bargaining power of buyers: Large presence of substitutes like cotton, cotton blended fabrics etc. gives power to buyers. Bargaining power of suppliers: Viscose grade wood as raw material is supplied by few forestry companies giving them higher negotiating power. Threat of new substitutes: New cellulose based Viscose Staple Fiber market Size And Trends with better attributes pose threat. Competitive rivalry: Intense competition exists between established players to gain market share.
Geographical Regions of Concentration
The Asia Pacific region dominates the global viscose staple fiber market in terms of value due to high production rate and growing demand from textile industry of countries like China and India. China alone contributes to more than half of global viscose staple fiber production as it is rich in forest resources.
Fastest Growing Geographical Region
The viscose staple fiber market in Middle East and Africa is expected to witness fastest growth during the forecast period due to establishment of manufacturing facilities by global players and growing textile industry in the region creating high demand.
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