Viscose Market Research Report By Type (Staple Fiber, Pulp, Filament Yarn, Spun Yarn), By End Use (Apparel & Accessories, Home Textiles, Industrial Applications, Medical Applications), By Application (Clothing, Bed Linen, Towels, Medical Textiles, Filter Media), By Production Process (Precursor Production, Dissolving Pulp Production, Viscose Spinning), By Sustainability (Biodegradability, Recyclability, Low Carbon Footprint, Sustainable Forest Management Certification) and By Regional (North America, Europe, South America, Asia Pacific, Mid

Global Viscose Market Overview

The Viscose Market Size was estimated at 14.65 (USD Billion) in 2022.

The Viscose Industry is expected to grow from 15.55(USD Billion) in 2023 to 26.55 (USD Billion) by 2032. The Viscose Market CAGR (growth rate) is expected to be around 6.12% during the forecast period (2024 - 2032).

Key Viscose Market Trends Highlighted

The Viscose market is expected to experience a breakout growth in the next few years due to a number of reasons. Some of the drivers include the growing demand for sustainable fabrics, rising disposable income within emerging markets, and technological improvements around viscose production. The pace at which fashion is embracing sustainability has quickened as consumers look for options other than artificial fibers. Being plant-based cellulose-made, Viscose is both biodegradable and versatile with its softness and comfort.

It also presents other unexplored areas, such as new applications like medical textiles and industrial materials, that may require the development of innovative viscose blends. Market expansion will be spurred by the rise in athleisure and at-home wear since viscose cloths are characterized by breathability, moisture absorption capabilities, and wrinkle resistance. The adoption of closed-loop process systems, such as improved solvent alternatives, has opened up ways through which costs can be reduced, leading to environmental sustainability.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Viscose Market Drivers

Rising Demand for Sustainable Textiles

The increased understanding of consumers for environmental problems has produced a rising call for sustainable and environmentally friendly fabrics. Viscose, a biodegradable, renewable fiber, is making substantial inroads in the global market. This makes it possible for them to grow according to consumer’s changing mindsets. In addition, government programs and laws aimed at promoting sustainability in textile production should promote even further adoption of viscose in different applications such as clothing, home textiles and industrial fabrics.

Expansion of the Fashion Industry

The global fashion industry is experiencing continuous growth, fueled by evolving fashion trends and increasing disposable income levels. Viscose plays a crucial role in the fashion industry due to its versatility, drape, and ability to blend with other fibers. Its wide range of applications, from high-end garments to casual wear, makes it an essential material for fashion designers and manufacturers. The expanding fashion industry is anticipated to drive the demand for viscose, contributing to the growth of the Viscose Market Industry.

Technological Advancements and Innovation

Technological advancements and innovations in the viscose production process are enhancing the quality and efficiency of viscose fiber. Research and development efforts are focused on improving the sustainability of the viscose production process, reducing environmental impact, and enhancing fiber properties. These advancements are expected to drive the adoption of viscose in various industries, including textiles, automotive, and medical applications, contributing to the overall growth of the Viscose Market Industry.

Viscose Market Segment Insights

Viscose Market Type Insights

An important driver of this segment’s growth is the increasing need for staple fiber from the textile industry, which is used primarily in making textiles for clothing, home furnishing, and industrial fabrics. Pulp is another noteworthy sector in the Viscose Market, with numerous applications prevalent in paper manufacturing, rayon production and other cellulosic industries. The pulp segment will be underpinned by a growing requirement for sustainable and environmentally friendly packaging solutions over the next few years. Steady growth in the Viscose Market is also expected to be witnessed by filament yarn that finds application in making high-grade textiles.

The key growth driver of this segment is an increasing preference for Viscose Filament Yarn for manufacturing apparel, home textiles and industrial fabrics. Another significant segment in the Viscose Market is spun yarn, which is used for knitted and woven fabrics. This will contribute to its growth within the coming years due to increased demand for spun yarns used mainly in cloth fabrications such as garments and home furnishings, among other textile products. In conclusion, the Type Segment of the Viscose Market will continue to experience steady growth over the next few years, driven by increasing demand for various viscous-based products across different sectors.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Viscose Market End Use Insights

The end-user segment of the Viscose Market is classified into Apparel Accessories, Home Textiles, Industrial Applications, and Medical Applications. Apparel Accessories dominated the market in 2023, accounting for around 60% of the Viscose Market revenue. The demand for viscose in the apparel industry is driven by its versatility, drape, and comfort. Home Textiles is another significant end-use segment, with a market share of approximately 25% in 2023. Viscose is used in curtains, upholstery, and other home furnishing applications due to its soft texture and natural luster.Industrial Applications, such as tire cords and conveyor belts, account for a smaller share of the market but are expected to grow steadily over the forecast period. Medical Applications, including surgical gowns and wound dressings, are also expected to witness growth due to the increasing demand for sustainable and biodegradable materials in the healthcare sector.

Viscose Market Application Insights

The Viscose Market segmentation by Application comprises Clothing, Bed Linen, Towels, Medical Textiles, and Filter Media. Clothing accounts for the largest share of the Viscose Market revenue owing to the rising demand for comfortable, breathable, and stylish fabrics. In 2023, the Clothing segment generated a revenue of USD 5.2 billion and is projected to reach USD 8.4 billion by 2032, growing at a CAGR of 6.1%. Bed Linen is another significant segment, driven by the increasing demand for luxurious and skin-friendly bedding. Towels hold a notable market share, as they offer absorbency, softness, and durability.Medical textiles are a growing segment that benefits from advancements in healthcare and the demand for sterile and disposable materials. Filter Media finds applications in air and liquid filtration systems, witnessing increasing adoption in various industries.

Viscose Market Production Process Insights

The Viscose Market is segmented based on the production process into precursor production, dissolved pulp production, and spin. The Precursor Production segment accounted for the largest revenue share in 2023, owing to the increasing demand for viscose fiber from the textile industry. The Dissolving Pulp Production segment is expected to witness significant growth over the forecast period due to the rising demand for dissolving pulp from the paper and packaging industries. The Viscose Spinning segment is expected to grow steadily over the forecast period, driven by the increasing demand for viscose fiber from the apparel and home furnishing industries.The Viscose Market is expected to grow at a CAGR of 6.12% from 2024 to 2032, reaching a valuation of USD 26.55 billion by 2032.

Viscose Market Sustainability Insights

The sustainability segment of the Viscose Market is poised for substantial growth, driven by increasing consumer awareness and demand for eco-friendly products. Biodegradability and recyclability are key factors contributing to the segment's appeal, as viscose fibers can be naturally decomposed or recycled into new products. The low carbon footprint of viscose production, compared to synthetic fibers, further enhances its sustainability credentials. Sustainable forest management certification, ensuring responsible sourcing of raw materials, also plays a vital role in meeting consumer demand for ethical and environmentally conscious products.As a result, the Viscose Market revenue is expected to reach 16.5 billion USD in 2024, with the sustainability segment contributing a significant share to this growth.

Viscose Market Regional Insights

The Viscose Market is segmented into regions such as North America, Europe, Asia-Pacific, South America, and Middle East Africa. North America is expected to hold the largest market share of 30.4% in 2023 due to the presence of major textile and apparel industries. Europe is expected to hold the second-largest market share of 28.5% in 2023 due to the rising demand for sustainable and eco-friendly textiles. Asia-Pacific is expected to witness the highest growth rate of 6.7% during the forecast period due to the increasing population and rising disposable income levels.South America and the Middle East Africa are expected to hold relatively smaller market shares but are expected to grow at a steady pace during the forecast period.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Viscose Market Key Players And Competitive Insights

Major players in the Viscose Market industry are continuously investing in research and development to develop new and innovative products, leading to the Viscose Market development of more sustainable and environmentally friendly options. The Viscose Market industry is characterized by intense competition, with leading Viscose Market players such as Sateri, Birla Cellulose, Lenzing AG, and Kelheim Fibres AG constantly striving to gain market share through product differentiation, strategic partnerships, and capacity expansions. The competitive landscape of the Viscose Market industry is expected to remain highly competitive in the future.A notable competitor in the Viscose Market industry is Sateri, a leading producer of viscose fiber and pulp with a global presence. The company has a strong focus on sustainability and operates one of the world's largest integrated viscose production facilities. Sateri has a diverse product portfolio that caters to various applications, including apparel, home textiles, and hygiene products. The company's commitment to innovation and sustainability has enabled it to establish a strong position in the Viscose Market industry.Another prominent player in the Viscose Market industry is Lenzing AG, an Austrian company that is a leading producer of viscose fibers and specialty fibers. The company has a strong focus on innovation and sustainability, and its products are widely used in the textile, nonwovens, and specialty fiber industries. Lenzing AG has a global presence and operates production facilities in Europe, Asia, and the Americas. The company's commitment to quality and sustainability has made it a respected player in the Viscose Market industry.

Key Companies in the Viscose Market Include

• Lenzing AG


• China Chemical Fiber Holdings Co., Ltd.


• Sateri Holding Group


• Xinjiang Zhongtai Chemical Fiber Co., Ltd.


• China Viscose Fibers Co., Ltd.


• Indorama Ventures


• Birla Cellulose


• Aoyang Technology Co., Ltd


• Yantai Jiangyuan Chemical Fiber Group Co., Ltd


• Chenguang Biotech (Group) Co., Ltd


• Grasim Industries Ltd


• Kelheim Fibres GmbH


• Tongxiang Hengyi Jinyuan Fibre Technology Co., Ltd.

Viscose Market Industry Developments

The Viscose Market is projected to reach USD 26.55 billion by 2032, exhibiting a CAGR of 6.12% during the forecast period. Rising demand for eco-friendly and sustainable textiles, coupled with increasing disposable income in developing economies, is driving market growth. The fashion industry's shift towards sustainable practices is propelling the adoption of viscose, as it offers a biodegradable and breathable alternative to synthetic fibers. Moreover, technological advancements in viscose production, such as the development of bamboo-based viscose, are expanding the market's potential. Key players in the industry are focusing on strategic partnerships and acquisitions to strengthen their market position and expand their product portfolio. Recent news includes Lenzing AG's acquisition of Birla Cellulose's dissolving pulp business, which will enhance its global leadership in sustainable viscose production.

Viscose Market Segmentation Insights

• Viscose Market Type Outlook
  
  
  
  • Staple Fiber
  
  
  • Pulp
  
  
  • Filament Yarn
  
  
  • Spun Yarn
  
  
  
  

• Viscose Market End Use Outlook
  
  
  
  • Apparel Accessories
  
  
  • Home Textiles
  
  
  • Industrial Applications
  
  
  • Medical Applications
  
  
  
  

• Viscose Market Application Outlook
  
  
  
  • Clothing
  
  
  • Bed Linen
  
  
  • Towels
  
  
  • Medical Textiles
  
  
  • Filter Media
  
  
  
  

• Viscose Market Production Process Outlook
  
  
  
  • Precursor Production
  
  
  • Dissolving Pulp Production
  
  
  • Viscose Spinning
  
  
  
  

• Viscose Market Sustainability Outlook
  
  
  
  • Biodegradability
  
  
  • Recyclability
  
  
  • Low Carbon Footprint
  
  
  • Sustainable Forest Management Certification
  
  
  
  

• Viscose Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa