The IMF reported a drop in global GDP growth from 6% in 2021 to 3.2% in 2023, dampening textile consumption in apparel and home furnishings.
WILMINGTON, DE, UNITED STATES, August 28, 2025 /EINPresswire.com/ — According to the study, the global synthetic viscose fiber market was valued at $19.0 billion in 2024 and is projected to reach $37.4 billion by 2034, registering a CAGR of 7.0% during the forecast period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A117822
Macroeconomic & Geopolitical Impact:-
The synthetic viscose fiber industry is shaped by a mix of economic and geopolitical developments:
– Economic Slowdown & Inflation: The IMF reported a drop in global GDP growth from 6% in 2021 to 3.2% in 2023, dampening textile consumption in apparel and home furnishings.
– Raw Material & Energy Costs: Rising wood pulp prices and energy volatility have pushed up production costs.
– Trade Tensions & Supply Chain Disruptions: U.S.–China tariffs and stricter environmental regulations in China and Europe have triggered supply shortages and price fluctuations.
– Russia-Ukraine Conflict: Higher energy and logistics costs in Europe have pressured manufacturers further.
Despite these challenges, the market outlook remains positive, fueled by emerging economy demand, eco-friendly textile innovations, and rising adoption in fashion, medical, and automotive sectors.
Key Drivers
– Growing demand for sustainable & affordable textiles
– Expanding usage across fashion, home, medical, and industrial applications
Opportunities
– Technological advancements in sustainable viscose production
Restraints
– Environmental concerns and reliance on wood pulp
Key Players
– Lenzing AG
– Grasim Industries Limited
– Sateri
– Tangshan Sanyou Xingda Chemical Fiber Co., Ltd.
– Yibin Grace Group Co., Ltd.
– Asia Pacific Rayon Limited
– Envoy Textiles Limited
– Xinjiang Zhongtai Chemical Co., Ltd.
– Formosa Chemical and Fiber Corporation
– Thai Rayon Public Co. Ltd.
– Kelheim Fibres GmbH
– Ibrahim Fibres Limited
Key Industry Trends:-
The synthetic viscose fiber market is undergoing a sustainability-driven transformation:
– Eco-friendly Production: Closed-loop systems and FSC-certified viscose (e.g., Lenzing’s Ecovero) are addressing environmental concerns.
– Alternative Raw Materials: Use of recycled cellulose and agricultural waste is reducing wood pulp dependency.
– Expanding Applications: Growth in medical textiles, hygiene products, and automotive interiors due to viscose’s absorbency and comfort.
– Strategic Partnerships: In April 2025, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. partnered with Circulose to scale sustainable fiber offerings.
Overall, the industry is aligning with regulatory pressures, consumer preference for eco-friendly fashion, and the push for high-performance textiles.
𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬’ 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/synthetic-viscose-fiber-market/purchase-options
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