"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Rayon Fibers Market Size, Share & COVID-19 Impact Analysis, By Product Type (Viscose, Modal, Lyocell, and Others), By Application (Apparel, Home Textiles, Healthcare & Hygiene, and Others) and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI108955

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global rayon fibers market size was valued at USD 17.71 billion in 2022 and is expected to grow from USD 18.73 billion in 2023 to USD 28.66 billion by 2030 at a CAGR of 6.3% during the forecast period.


Rayon fiber is a manmade cellulosic fiber that is derived from wood pulp or cellulose of trees, making it a sustainable fiber compared to other types. As it is plant-based in nature, it is a renewable and climate-friendly material, making it an ideal fiber in the textile industry. It is considered to be the first manmade semi-synthetic fiber. The product is also known as artificial silk due to its similarities with silk in texture and appearance. Its exceptional softness, breathability, and draping qualities make it a perfect alternative to cotton, silk, and linen. In addition, the product has various unique properties, such as super absorbency and excellent color retention, which are why it is utilized in many applications, including personal clothing, household textiles, and personal hygiene products. Moreover, super-absorbent products are an excellent choice for summer fabric, and their high absorbency applies equally to dyes, offering deep and rich colors. It can also be blended with other fibers, such as cotton, spandex, and polyester fibers, to create application-specific desired fibers. Furthermore, its several advantages and versatile nature is expected to drive market growth during the forecast period.


COVID-19 IMPACT


Hampered Textile Material Consumption amid Lockdown Measures Decreased the Demand for the Product


The outbreak of COVID-19 forced almost every government to impose lockdowns to limit its impact on large populations. Amid the lockdown, business activities were halted, resulting in lower industrial production. The outbreak also created various short-term and long-term impacts on the rayon fiber industry. The suspension of viscose production and lower demand from end-users decreased sales of the textile materials in the market. Major consumer industries, such as textile, were among the most affected industries during the lockdown measures. Nearly three-fourths of the worldwide textile companies reported a negative impact on their sales, resulting in low demand for these fibers. Furthermore, rayon fiber manufacturing companies also experienced low sales in 2020 by 10 to 20 % compared to 2019. However, post ease of lockdowns, demand rose rapidly, generating huge sales for companies operating in the market.


Rayon Fibers Market Trends


Momentum toward Tree-free and Environment-Friendly Fibers to Propel Market Growth


Rayon fibers are generally considered environment friendly due to their plant-based nature; however, deforestation and carbon-intensive production processes reduce its sustainability. In response, companies have shifted their focus to more sustainable production processes and other alternatives to align themselves with the green trend. Companies such as Grasim and Lenzing AG have invested to improve their production process and reduce their carbon footprint. For instance, in 2021, Lenzing launched carbon-neutral lyocell and modal fibers under the TENCEL and Veocel brands for textile and nonwoven applications. In order to leverage the massive potential of this market to solve sustainability issues, new companies have entered the market. For instance, in an investor presentation published in April 2021, Nanollose Company mentioned that it is developing a scalable revolutionary technology to create tree-free fibers and fabrics. This technology addresses major issues attached to traditional rayon fiber production, such as deforestation, the use of harsh chemicals, and high consumption of energy during the production process. Efforts mentioned above made by companies are expected to shape the market in the future.   


Request a Free sample to learn more about this report.


Rayon Fibers Market Growth Factors


Growth in Textile Industry to Drive Market Growth


The global textile industry is growing due to the increasing demand for apparel, home textile, and industrial nonwoven applications, leading to increased demand for various fibers, including rayon. Continuous research and development are focused on enhancing the properties of rayon fibers, such as increasing their strength and overall performance to meet the diverse needs of different markets. In addition, changes in consumer behavior, especially post-pandemic, are influencing the demand for specific types of clothing, such as loungewear and comfortable yet stylish attire. These fibers are exceptionally soft and thus provide super comfort, meeting the growing demand for active and breathable wear. Moreover, the global textile market is projected to grow at a CAGR of 3% during the forecast period, creating a progressive environment for the market. In addition, the product is an ideal ingredient in the production of personal wipes. Thus, the growing demand from a wide range of applications is expected to drive the consumption of rayon fibers over the assessment period.


RESTRAINING FACTORS


Negative Impacts Associated With Rayon Fibers Production May Limit Market Growth


Rayon fibers are made from renewable raw materials, so they are biodegradable and environmentally friendly. However, the manufacturing process does have a negative impact on the environment, which is mainly due to its raw material. Its raw material, wood cellulose, is obtained by cutting down trees, causing deforestation, which is a major environmental problem. In addition, its production requires large amounts of water, depleting one of our natural resources. Apart from this, harmful chemicals such as hydrogen sulfide can be found in exhaust gases around production facilities. In terms of environmental friendliness, it is superior to synthetic fibers and not to pure natural fibers. These negative points associated with this type of fiber production have raised concerns about its usage. In addition, the product faces stiff competition with synthetic fibers such as polyester, which are cheaper and often more durable, and natural fibers including cotton, linen, and silk. Its high dependency on wood for raw materials and its chemical-dependent manufacturing process may further create various challenges for the market growth.


Rayon Fibers Market Segmentation Analysis


By Product Type Analysis


Viscose Rayon to Lead the Market Owing to its Ability to Mimic Feel and Appearance of Silk


Based on product type, the market segmentation includes viscose, modal, lyocell, and others.


Viscose is extensively utilized in the textile and apparel industry making it the largest product type in the global market. It is known for its softness, breathability, and excellent drape. Moreover, viscose fabrics are used in clothing such as shirts, dresses, skirts, and blouses. Its ability to mimic the feel and appearance of natural fibers such as cotton and silk makes it a popular choice for both casual and formal wear. It is also used in curtains, draperies, upholstery, bed linens, and decorative textiles.


The lyocell segment is projected to expand at the fastest growing rate over other segments during the forecast period, owing to its most sustainable production process.


Modal fibers are blended with other fibers such as cotton, polyester, and spandex to create fabrics for various clothing items such as lingerie, loungewear, dresses, and others.


By Application Analysis


To know how our report can help streamline your business, Speak to Analyst


Apparel Industry to Account for the Largest Share of the Global Rayon Fibers Market


Based on application, the market is segregated into apparel, home textiles, healthcare & hygiene, and others.


Rayon fibers find extensive applications in the apparel segment due to their versatility and various desirable qualities. The soft and comfortable feel of rayon makes it an ideal material for nightwear, undergarments, and hosiery. It provides a luxurious feel against the skin, making it a preferred choice for apparel, thus accounting for the major global rayon fibers market share.


The product also finds applications in home textiles for various purposes, such as for making bed sheets, pillowcases, duvet covers, and blankets. Moreover, rayon drapes and sheen make it a choice of material for curtains and drapes. The fabric changes elegantly and can be blended with other materials to achieve different aesthetics, offering various options for interior decor.


REGIONAL INSIGHTS


By region, the market is divided into Europe, the Asia Pacific, North America, the Middle East & Africa, and Latin America.


Asia Pacific Rayon Fibers Market Size, 2022 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


The market size in Asia Pacific stood at USD 11.51 billion in 2022. The region is a hub for the textile sector, with China, India, Indonesia, and Vietnam being major textile manufacturing and exporting centers. As a result, the region is the world's largest textile producer, accounting for over half of the global production in 2022. Rayon fiber is primarily utilized in the textile industry, which has driven its demand in this region during the historical period and also makes this region the largest consumer in the market.


To know how our report can help streamline your business, Speak to Analyst


Europe is projected to grow moderately over the forecast period. The region is witnessing a rising demand for sustainable and eco-friendly materials. Rayon, primarily when produced using environmentally friendly methods, aligns with this trend, attracting consumers looking for sustainable textiles.


Moreover, the trend of fast fashion in the North America region is poised to bolster the product's demand during the forecast period.


Latin America and the Middle East & Africa markets are projected to grow moderately during the assessment period. Substantial growth in industries such as home textiles and healthcare is poised to drive the product demand in these regions.


List of Key Companies in Rayon Fibers Market


Rapid Capacity Expansion to Become the Key Strategy to Cater to the Growing Demand for Sustainable Products


Nanollose, Lenzing AG, Grasim Industries Limited, Sateri, Asia Pacific Rayon Limited, and Zhejiang Fulida Holding Co., Ltd. are identified as major companies in the study of the market. Market leaders such as Lenzing AG and Grasim have invested in exploring new sustainable production methods to tap the growing opportunities in the go-green market trend. In addition, companies are investing in recycling plants to meet the increasing demand for sustainable products in home textile and apparel applications.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • September 2023: Lenzing Group announced the plans to expand its production capacity for its Lenzing Ecovero and nonwoven Veocel textile brands in Asia Pacific.

  • November 2021: Asia Pacific Rayon Limited launched its ten-year sustainability vision, APR2030. Under this vision, the company will produce rayon fibers with 20% recycled textile content and plans to achieve net zero emissions from land use through vertical integration.

  • August 2021: Lenzing AG planned to invest more than USD 200 million in its existing production sites in Indonesia and China to improve its traditional production capacity into sustainable specialty fibers.

  • July 2021: Sateri launched three zero-carbon fiber products named EcoCosy, Lyocell, and FINEX. All these products are carbon-neutral certified and accelerated Sateri’s journey into the green trend.

  • January 2021: Nanollose and Grasim Industries Limited (Grasim) filed a joint patent application for a Tree-Free lyocell fiber made from Microbial Cellulose.


REPORT COVERAGE


An Infographic Representation of Rayon Fibers Market

To get information on various segments, share your queries with us



The research report provides a detailed market analysis and focuses on crucial aspects such as leading companies, product types, and applications. In addition, it provides quantitative data regarding volume and value, market analysis, research methodology for market data, and insights into market trends and highlights vital industry developments and competitive landscape. In addition to the above-mentioned factors, the report encompasses various factors that have contributed to the market's growth in recent years.


Report Scope & Segmentation
















































ATTRIBUTE



DETAILS



Study Period



2017-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2017-2021



Unit



Value (USD Billion) and Volume (Kilotons)



Growth Rate



CAGR of 6.3% during 2023-2030



Segmentation



By Product Type



  • Viscose

  • Modal

  • Lyocell

  • Others



By Application



  • Apparel

  • Home Textiles

  • Healthcare & Hygiene

  • Others



By Region



  • North America (By Product Type, Application, and Country)


    • U.S. (By Application)

    • Canada (By Application)


  • Europe (By Product Type, Application, and Country)


    • Germany (By Application)

    • U.K. (By Application)

    • France (By Application)

    • Italy (By Application)

    • Rest of Europe (By Application)


  • Asia Pacific (By Product Type, Application, and Country)


    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • Rest of the Asia Pacific (By Application)


  • Latin America (By Product Type, Application, and Country)


    • Brazil (By Application)

    • Mexico (By Application)

    • Rest of Latin America (By Application)


  • Middle East & Africa (By Product Type, Application, and Country)


    • GCC (By Application)

    • South Africa (By Application)

    • Rest of the Middle East & Africa (By Application)




Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 17.71 billion in 2022 and is projected to reach USD 28.66 billion by 2030.

By application, in 2022 the apparel segment is expected to lead the market.

The increasing demand for the product in the textile industry is poised to fuel the market growth.

China held the largest share of the market in 2022.

Lenzing AG, Grasim Industries Limited, and Sateri are among the top players in the market.

The increasing demand for personal wipes may create remunerative opportunities for players operating in the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Feb, 2024
  • 2022
  • 2017-2021
  • 200

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

BASF
Iwatani
Mobil
UBS
LG Chem

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X