August 31, 2023 05:00 ET | Source: CONSEGIC BUSINESS INTELLIGENCE PRIVATE LIMITED CONSEGIC BUSINESS INTELLIGENCE PRIVATE LIMITED
New York, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The global Viscose Staple Fiber Market is expected to witness significant growth at a CAGR of 4.7% during the forecast period of 2023-2030. The factors such as the increasing development of new healthcare facilities, rising investment in automotive manufacturing, and others are accelerating the demand for viscose staple fiber, which, in turn, is boosting the market growth. In addition, the rising development of a new range of Viscose staple fiber product categories will further boost the market growth during the forecast period. Glass Fiber Tape
According to a recent report by Consegic Business Intelligence, the viscose staple fiber market is poised for strong expansion and is expected to reach USD 18,395.52 Million by 2030. The market, which was valued at USD 12,830.00 Million in 2022, is predicted to grow at a compound annual growth rate of 4.7% during the period 2023-2030. The report highlights the increasing adoption of viscose staple fibers in the textile industry, which is augmenting global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the viscose staple fiber market.
Get Sample Report@ https://www.consegicbusinessintelligence.com/request-sample/1205
Viscose staple fiber is frequently deployed in the textile industry to provide comfort and breathability. Viscose staple fiber is employed in textile products such as apparel, home textiles, and others. The factors such as growth in the research & development associated with the development of new eco-friendly textile products, increasing investments in textile zones, and others are some of the crucial factors accelerating the growth of the textile industry at the global level. For instance, according to the recent statistics published by the Italian Federation of Textiles, Fashion, and Accessories, in 2021, the Italian textiles industry showcased a positive trend over 2020. Furthermore, the Italian textiles market was valued at more than Euro 5.8 billion (USD 6.9 billion) in 2021, registering a year-on-year growth rate of 9.6% as compared with 2020. Hence, the advancing textile industry is fueling the demand for viscose staple fiber to ensure excellent fiber performance. This, in turn, is amplifying market growth.
Viscose staple fiber ensures prominent features in healthcare products to ensure superior softness, safe nature, and others. Thus, viscose staple fiber is utilized in healthcare products such as pads, bed sheets, and others. The increasing investment in the healthcare infrastructure, increasing government initiatives, and others are favoring the development of new healthcare facilities. As a result, the development of new healthcare facilities will accelerate the demand for pads, bed sheets, and others. This, in turn, will boost the demand for viscose staple fiber to ensure high absorbency, thereby creating a potential for market growth in the coming years.
Global Viscose Staple Fiber Market: Report Attributes
Immediate Delivery Available, Buy Now @ https://www.consegicbusinessintelligence.com/secure-checkout/1205
Global Viscose Staple Fiber Market Segmentation Details:
Based on Application, the woven segment contributed the largest shares to the market growth in 2022. The crucial properties of viscose staple fiber include superior gloss, higher heat, excellent chromatography, and others. Thus, the corrosion of viscose staple fiber (VSF) is significant as compared with synthetic fiber. As a result, viscose staple fiber is frequently utilized in woven fabric to ensure superior esthetics and hanging dynamic. Thus, due to the above benefits, the adoption of viscose staple fiber is increasing in woven fabric. This, in turn, is boosting the market growth.
Based on End-use Industry, the textile segment accounted for the largest market share in the year 2022. viscose staple fiber is versatile and easily blendable fiber. Furthermore, the viscose staple fiber is utilized in its original form or can be blended with natural & synthetic fibers to ensure enhanced comfort, feel, and luster. Viscose staple fiber is utilized in textile products such as dress materials, knitted wear, apparel, home textiles, and others. As a result, the booming textile is propelling the demand for viscose staple fiber to ensure the soft texture of fabrics which, in turn, is supplementing the market growth.
Get Sample Report@ https://www.consegicbusinessintelligence.com/request-sample/1205
Based on Region, in the year 2022, Asia Pacific accounted for the largest share contribution to the market growth, owing to the growth of the pharmaceuticals industry. For instance, according to recent statistics published by Invest India, the Indian textile industry has witnessed a CAGR growth of 28% during the forecast period of 2019 to 2021. Henceforth, the revenue expansion of the above end-use industries is fostering market growth.
LENZING AG, Sateri, Birla Cellulose, and Kelheim Fibres GmbH are major market players that comprise the latest market circumstances. These companies are substantially leveraging their technologies for the development of a new range of viscose staple fiber. Further, the viscose staple fiber market is expected to grow steadily due to rising demand from the textiles industry, especially in the regions such as the Asia Pacific, the Middle East, and Europe are estimated to boost the market statistics in the coming years. Additionally, the trend toward increasing strategic partnerships between viscose staple fiber manufacturers is expected to increase the competition in the market.
Browse Full Report & TOC @ https://www.consegicbusinessintelligence.com/viscose-staple-fiber-market
List of Major Global Viscose Staple Fiber Market:
Global Viscose Staple Fiber Market Segmentation:
Request for Customization @ https://www.consegicbusinessintelligence.com/request-customization/1205
Frequently Asked Questions in the Viscose staple fiber Market Report
Our Other Research Reports here:-
Smart Oilfield Market Size, Growth, Analysis | Forecast 2023 - 2030
Dextran Market Size, Growth, Analysis | Forecast 2023 - 2030
Mid IR Sensors Market Size, Growth, Analysis | Forecast 2023 - 2030
Cable Management Accessories Market Size, Growth, Analysis | Forecast 2023 - 2030
Infant Radiant Warmer Market Size, Growth, Analysis | Forecast 2023 - 2030
About Consegic Business Intelligence Pvt Ltd.
Consegic Business Intelligence Pvt Ltd. is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domains. The industry provides consulting services, syndicated research reports, and customized research reports.
Topnotch research organizations and institutions to comprehend the regional and global commercial status use the data produced by Consegic Business Intelligence Pvt Ltd. Our reports comprise in-depth analytical and statistical analysis on various industries in foremost countries around the globe.
Press Releases:- https://www.consegicbusinessintelligence.com/press-release/viscose-staple-fiber-market
Stitched Mat Knitted Mat Consegic Business intelligence Pvt Ltd.