Viscose Staple Fiber Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Viscose Staple Fiber market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Viscose Staple Fiber Market report is anticipated to register a CAGR of 5.45% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Viscose Staple Fiber Market are –
- ADITYA BIRLA MANAGEMENT CORP. PVT. LTD.
- TANGSGAN SANYOU GROUP XINGDA CHEMICAL FIBRE CO.
- LENZING AG; CHINA HI-TECH GROUP CORPORATION (CHTC)
- GLANZSTOFF INDUSTRIES
- JILIN CHEMICAL FIBER GROUP CO.
- KELHEIM FIBERS GMBH
- NANJING CHEMICAL FIBRE CO.
- SNIAC GROUP
- and XINJIANG ZHONGTAI CHEMICAL CO.
The global viscose staple fiber market valued at 5,594.08 kilotons in 2017 and is expected to register a CAGR of 5.45% during the forecast period, 2020 to 2023. Asia-Pacific was the largest market in 2017, registering a market share of around 62%.
Growing demand for Apparels and Clothing
The apparel & clothing industry grew at a healthy rate despite the economic slowdown and is expected to continue the trend. This is majorly due to low switching costs and the significant role of the industry in terms of trade, employment, investment and revenue.
The Asia-Pacific region is the biggest exporter of clothing and textiles to both the United States and Europe. The United States and Canada are among the top 10 countries with high spending on apparel. In Europe, Germany, Norway, Austria, Sweden and the United Kingdom are the top countries which spend the most on apparel.
The United States and China are the top two retail markets for apparels. Moreover, countries such as Germany, the United Kingdom and Russia also hold a significant demand for apparels. India and Brazil are the fastest emerging market for apparels. This will boost the apparel & clothing market, which in turn, will uplift the demand for viscose staple fibers.
In 2017, textiles and apparel application segment dominated the global market, and also registered the fastest CAGR through the forecast period.
Asia-Pacific Dominates the Market
Asia-Pacific had the highest share in the market, accounting for around 62% of the global market in 2017. As textile production capacities continue to shift to Asia from Europe and North America, consumption growth has started to expand in Asia-Pacific region. China, India, and Indonesia dominate the viscose fibers production in Asia-Pacific region, and the export market of viscose yarns and fabrics.
China is the Largest Consumer
China is one of the major producers and consumers of VSF. The increasing yarn production in China has been boosting the demand for VSF. The Asian yarn production, in Q1 of 2016, increased by 21% - quarter on quarter, mainly driven by the Chinese yarn industry. The yarn production has been increasing due to the increasing production of non-woven fabrics in the country.
However, the Chinese VSF industry has been witnessing a major issue of surplus production capacities. The government has released new regulations for limiting the viscose capacities in the country. Furthermore, the wages in China have been increasing gradually, due to of which, the textile production is expected to shift to low-wage ASEAN countries, thereby, affecting the sales of VSF in the country. The surplus production capacities and record high cotton inventories are estimated to dominate the global market over the forecast period.
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Scope of the Report:
The report analyses Viscose Staple Fiber market, which includes –
- Analysis of the growth of Viscose Staple Fiber market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Viscose Staple Fiber market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Viscose Staple Fiber market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Viscose Staple Fiber market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Viscose Staple Fiber Market Report:
- Varying dynamics of the Viscose Staple Fiber industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Viscose Staple Fiber market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Viscose Staple Fiber market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Viscose Staple Fiber Market Report:
- The report analyses how stringent emission control norms will drive the global Viscose Staple Fiber market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Viscose Staple Fiber market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Viscose Staple Fiber:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
Look into Table of Content of Viscose Staple Fiber Market Report @ https://www.360marketupdates.com/TOC/12883764#TOC
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