Global Rayon Fibers Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 6.0% through 2020 to 2026, reaching nearly US$ 28 billion in the forecast period.The Global Rayon Fibers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Rayon Fibers market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Rayon Fibers Market Overview:
Rayon fibers are fibers acquired from the wood, bark or leaves of plants, or from plant-based material. Rayon fibers comprise viscose principal fiber and viscose filament. Rayon fibers are frequently classified as a manufactured fiber and considered to be renewed cellulose. It is derived from naturally occurring cellulose and necessitates widespread processing. Rayon fibers have got inclusive applications in the industrial field, civil field, medical field and others.In the Rayon Fibers industry, there is a high threat of substitute products. If manufacturers retail their goods at greater prices, or the products are of low worth, consumers are able to purchase alternatives from the many competitors present in the market environment. Therefore essential for the market enterprises in Rayon Fibers to provide a guarantee with the quality of the company is able to tackle the challenge of the threat of substitute.Although rayon fiber is manmade and not a natural fiber, rayon fiber has quite a lot of properties parallel to that of natural polymers. This consist of high luxury and low cost of natural polymers and the drape and slipperiness of nylon fibers. The semi-synthetic character of rayon fibers is appropriate for a varied range of products such as home furnishings, apparels, industrial and medical products. Owing to the large applications of rayon fibers, the global rayon fibers market is projected to rise at a rapid pace. Dominate countries of global rayon fibers market are the Asia Pacific like China, India, and Indonesia largely.However, rayon fiber has more than a few disadvantages as well. Rayon fibers are easily damaged by strongly concentrated bleaches as the fiber is manufactured from natural polymers. The elongate exposure to sunlight leads to the reduced asset of rayon fiber.
Global Rayon Fibers Market Dynamics:
The never-ending demand from the textile industry is one of the foremost factors driving the global rayon fibers market. With the development of the textile sector, the ultimatum for rayon fibers is anticipated to propagate in the coming years.Growing demand from the automotive and industrial sectorThe growing challenge for environmentally friendly vehicles globally drives the evolution of this market. As high insistence rayon fibers are used as a protection in tire strings and tubes in automotive industries. According to the International Energy Agency (IEA), the global stock of electric passenger cars enlarged by 64% reaching 5 million in 2018. Thus, a healthy automotive sector boosts the development of the rayon fibers market. Furthermore, rayon fibers are also used in industrial clothes due to their high durability and strength. Rigorous labour laws coupled with the presence of governing bodies such as the Occupational Safety and Health Administration (OSHA) is expected to increase the petition of rayon fibers for industrial clothing.The growing fashion industry and changing lifestyleCollective disposable income and implementation of western culture in evolving nations have boosted the growth of the fashion industry. Furthermore, the rushing demand for rayon fiber for clothing and home-ware, such as blankets, sheets and curtains are enlarging the growth of the rayon fibers market. Bestowing to Trade Map, global spending on import of attires and clothing accessories amplified by 9.1% accounting for $ 4,731,531 in 2018. Enormous spending of youth on attires fashion products is enhancing the market. Also, according to the China Luxury Report, Chinese consumers at home and abroad spent 114 billion on luxury fashion items in 2018 which counterparts to a third of the global spend.
Global Rayon Fibers Market Segment Analysis:
By Type, is segmented into viscose rayon, modal rayon, Cupramonium rayon, and others. Viscose. Rayon fiber has dominated the market with a market share of more than 35% in 2019. Viscose fibers have properties parallel to that of cotton, thus replacing cotton fibers in several end-use industries. They are formed by reacting cellulose with sodium hydroxide to form alkali cellulose, which in turn, is reacted with carbon disulphide (CS2) to transform it to cellulose xanthate.
