In 2022, the global viscose yarn market was valued at approximately USD 4 billion, and it is anticipated to exhibit a compound annual growth rate (CAGR) of about 4% throughout the forecast period spanning from 2023 to 2030. The market’s expansion can be credited to several key factors. These include the surging demand for textiles in the fashion and apparel industry, an escalating consciousness surrounding sustainable clothing practices, and the increasing adoption of viscose yarn as a viable alternative to cotton across various applications. These factors collectively underpin the market’s growth and underscore the pivotal role of viscose yarn in meeting the evolving needs of the textile and fashion sectors.
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Market Trends:
- Rising demand for sustainable and eco-friendly textiles: Viscose yarn is a semi-synthetic fiber made from regenerated cellulose, a renewable resource. This makes it a more sustainable alternative to traditional synthetic fibers such as polyester and nylon. As consumers become more aware of the environmental impact of their clothing choices, they are increasingly looking for sustainable alternatives.
- Growing demand for comfortable and versatile textiles: Viscose yarn is known for its soft, comfortable feel and its versatility. It can be used to create a wide variety of fabrics, including apparel, upholstery, and home textiles. This versatility is making viscose yarn a popular choice for manufacturers and consumers alike.
- Increasing disposable incomes and urbanization: As disposable incomes rise and urbanization continues, more people are able to afford to purchase higher-quality clothing and home textiles. This is driving demand for viscose yarn, which is often associated with luxury and premium products.
- Technological advancements: Manufacturers are continuously developing new technologies to improve the production and quality of viscose yarn. These advancements are making viscose yarn more competitive with other fibers and helping to expand its range of applications.
According to the recent report published by RC Market Analytics, the Global Viscose Yarn Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the viscose yarn market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the viscose yarn industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the viscose yarn market report comprises dedicated sections centering on the regional market revenue and trends. The viscose yarn market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Viscose yarn market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Viscose Yarn Market Segmentation:
By Type:
- Natural
- Blended
By Product Type:
- Viscose Filament Yarn
- Viscose Staple Fiber
By End-Use:
- Fashion Clothing
- Home Textile
- Upholstery
- Footwear
- Others
By Distribution Channel:
- Offline
- Online
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the major market players operating in the global viscose yarn market are Lenzing AG, Aditya Birla Group, Sateri Holdings Limited, Grasim Industries Limited, Birla Cellulose, Xiangsheng Group Co. Ltd., Yibin Grace Group Company Limited, Kelheim Fibres GmbH, Indo Count Industries Limited, and Century Rayon.
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Key Questions Answered by Viscose Yarn Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Viscose Yarn market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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