Global VSF market to reach $13.1 billion by 2020
The viscose staple fibre market is segmented into three types: standard fibres, modal fibres and lyocell fibres. VSF consumption is expected to show significant growth during the forecast period of study owing to increasing consumption of VSF into non-woven fabrics and related products.
Global viscose staple fibre market is projected to reach $13,139 million by 2020, growing at a CAGR of 8.0 per cent between 2015 and 2020. VSF consumption in Asia-Pacific dominated the market in 2014, accounting for roughly 75.0 per cent of the global demand in the year. Asia-Pacific is projected to remain the major market by size in terms of volume and value by 2020 and is expected to grow at a CAGR of 7.8 per cent and 9.0 per cent respectively during the forecast period of study.
Demand for lyocell fibres is expected to grow fastest between 2015 and 2020
Standard viscose fibres have the major share amongst all the three types, and this segment accounted for roughly 88.0 per cent of the market size in 2014 and is expected to remain the largest segment till 2020. Lyocell fibres held the second largest share, and are projected to grow fastest with a healthy CAGR of 14.3 per cent, during 2015-2020.
Textiles and clothing is the end-use application of VSF, accounting for around 70.0 per cent of the market in 2014, followed by non-woven and industrial applications.
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