H1 2023: In H1 2023, the Asia Pacific region emerged as the largest consumer of Viscose Staple Fibre (VSF). After the Spring Festival holiday, the Viscose Staple Fibre (VSF) market experienced a surge in prices China. Prices had hiked in February beyond pre-holiday levels due to a slow operating rate and limited stockpiles, causing a price hike in Viscose Staple Fibre. Additionally, following the Chinese New Year, downstream industries didn't face significant inventory pressure. The clothing industry, with modest trade volumes, had slowed or halted production before the holiday, resulting in balanced demand and inventory levels in China. Meanwhile, consumers delayed new orders due to low confidence, and manufacturers aimed to deplete existing inventories in China. April onwards, the price of Viscose Staple Fibre (VSF) experienced a decline in the Asia Pacific region. This drop was attributed to the sluggishness in the viscose market. Additionally, the Korean market responded to high inventories in end-use industries by reducing imports from China. The market faced limited demand and minimal trading activity, contributing to the ongoing downward price trend in May and June. Concurrently, the weakened consumer sentiment to purchase VSF amid the hiked inflation rate in June 2023 in South Korea.
The global Viscose Staple Fibre (VSF) market stood at approximately 5850 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 5.37% during the forecast period until 2032.
Viscose Staple Fiber (VSF) is an eco-friendly, cotton-like material derived from wood and cotton pulp globally, widely used in apparel, home textiles, knitwear, and non-woven applications due to its breathable properties, efficiently managing moisture and heat. Viscose Staple Fiber (VSF) exhibits remarkable versatility with broad applications across diverse industries. In the textile and apparel domain, VSF is prominently utilized as a feedstock for fabric manufacturing, offering exceptional breathability and comfort. This renders it a favoured material for the production of clothing articles such as shirts, dresses, and various garments. Within the sector of home textiles, VSF assumes a pivotal role, contributing to the synthesis of bed linens, curtains, and upholstery fabrics. Its soft and absorbent attributes render it well-suited for these applications, augmenting the comfort and functionality of home-oriented products. Moreover, VSF is a fundamental component in the production of knitwear, including sweaters, socks, and other knitted garments, providing a pliable and comfortable material. The material's versatility extends to non-woven applications, where its deployment in items like wipes, medical textiles, and hygiene products capitalizes on its outstanding absorbent characteristics, making it an ideal choice for products such as diapers and sanitary items. Industrially, VSF finds utility in applications such as filters and reinforcing materials in composites, leveraging its robustness and adaptability. In summary, the eco-friendly and versatile attributes of Viscose Staple Fiber form the foundation of its extensive utilization across the textile and non-woven industries.
The anticipated rise in demand for textiles and apparel is set to boost the utilization of Viscose Staple Fiber (VSF) in these sectors. The expanding textile industry acts as a pivotal force propelling the viscose staple fiber market forward, spurred by the escalating global population and augmented disposable incomes, intensifying the demand for textiles and, consequently, the requisite raw materials. The fiber's perceived environmental friendliness, particularly in comparison to certain synthetic counterparts, aligns with the surging emphasis on sustainability, amplifying the market's growth trajectory. Moreover, the ever-shifting landscape of fashion trends significantly shapes the demand for textiles and, by extension, influences the viscose staple fiber market, with alterations in consumer preferences and the adoption of novel fashion trajectories steering positive impacts. Stringent governmental regulations pertaining to the environment and material usage wield considerable sway over the market, with viscose staple fiber frequently navigating compliance demands, thereby affecting both production dynamics and market presence. Economic factors, such as burgeoning disposable incomes in emerging economies, stand as additional factors, propelling heightened expenditures on clothing and textiles and, consequently, fortifying the demand for viscose staple fiber. The low cost of these fibers positions them as a suitable alternative to natural counterparts like cotton and silk. These attributes have led to an uptick in VSF adoption among clothing producers. The expanding accessibility of these fibers within the competitive fashion sector is enhancing their popularity. The increasing utilization of VSF in the healthcare industry is anticipated to offer substantial avenues for growth. Its favorable characteristics, including high moisture and liquid absorption and low impurity content, have garnered acceptance in the realm of healthcare textiles. The global Viscose Staple Fibre (VSF) market is anticipated to touch a volume of roughly 9880 thousand tonnes by 2032.
Based on region, Asia Pacific region serves as the biggest consumer of Viscose Staple Fibre (VSF). The Asia-Pacific region, notably the largest market for woven fabrics, is experiencing robust growth, driven by increasing demands in countries such as India and China. In India, the surge in apparel demand aligns with evolving consumer preferences and the growing presence of international textile brands. The substantial growth of the Asia-Pacific region is driven by a confluence of factors, with a noteworthy impetus stemming from the increasing demand for products and the dynamic expansion of the textile industry. In India, a burgeoning population and a thriving middle class have fueled a surge in consumer demand for textiles, ranging from apparel to home furnishings. Additionally, the "Make in India" initiative, aimed at promoting manufacturing, has stimulated the production and export capabilities of the textile sector. Meanwhile, in China, as a global manufacturing hub, the textile industry has witnessed significant advancements, supported by a robust infrastructure and a skilled labor force. The Belt and Road Initiative (BRI) has further enhanced trade connectivity, fostering the export of textiles and contributing to the region's economic upswing. This multifaceted growth story positions the Asia-Pacific region as a focal point for economic development and VSF market opportunities.
Based on the end-user industry, the global Viscose Staple Fibre (VSF) market is divided into Textile, Non-woven, Textile Filament, and Industry Filament. However, Textile is the major segment and held approximately 70% of the global Viscose Staple Fibre (VSF) market in 2022.
Major players in the Global Viscose Staple Fibre (VSF) market are Glanzstoff, Jilin Chemical Fiber Group Co. Ltd, Aditya Birla Chemicals, LENZINGAG, Nanjing Chemical Fibre Co. Ltd, Sateri, SNIACE Group, Kelheim Fibers GmbH, Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd, Yibin Grace Company Limited, and Xinjiang Zhongtai Chemical Co. Ltd,
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Viscose Staple Fibre (VSF) which covers production, demand and supply of Viscose Staple Fibre (VSF) market in the globe.
• To analyse and forecast the market size of Viscose Staple Fibre (VSF)
• To classify and forecast Global Viscose Staple Fibre (VSF) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Viscose Staple Fibre (VSF) market in the globe.
To extract data for Global Viscose Staple Fibre (VSF) market, primary research surveys were conducted with Viscose Staple Fibre (VSF) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Viscose Staple Fibre (VSF) market over the coming years.
ChemAnalyst calculated Viscose Staple Fibre (VSF) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Viscose Staple Fibre (VSF). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Viscose Staple Fibre (VSF) manufacturers and other stakeholders
• Organizations, forums and alliances related to Viscose Staple Fibre (VSF) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Viscose Staple Fibre (VSF) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Viscose Staple Fibre (VSF) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
5850 thousand tonnes
Market size Volume in 2032
9880 thousand tonnes
Growth Rate
CAGR of 5.37% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Textile, Non-woven, Textile Filament, and Industry Filament)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Viscose Staple Fibre (VSF) in terms of volume in 2022?
Ans:
The global market size of Viscose Staple Fibre (VSF) had reached approximately 5850 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Viscose Staple Fibre (VSF)?
Ans:
Asia Pacific region is the leading consumer of Viscose Staple Fibre (VSF) globally.
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