According to ChemAnalyst report, “Global Viscose Filament Yarn Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, The Viscose Filament Yarn market is expected to grow significantly, reaching approximately 580 thousand tonnes in 2032 at an excellent CAGR of 3.39%. Due to growing demand for sustainable, environmentally friendly, and biodegradable products from consumers, there is projected an increase in the demand of Viscose Filament for its eco-friendly and less-toxic nature from industries such as clothing and home textiles such as curtains.
Viscose Filament Yarn (VFY) also known as Rayon Filament Yarn is a versatile natural fibre which is silky and soft in texture. Due to its drape, flexible and glossy appearance, VFY makes an incredible choice for many textile factories to manufacture fabrics like chiffon, crepe, georgettes and others. Due to their ability of being resistant to high temperatures up to 950 degrees Celsius on washing and keeping their texture and beauty maintained, they are widely used in sportswear, interior textiles, leather shoes, jeans, and accessories. The VFY produces fabric that has extremely similar qualities such as highly absorbent, comfortable, soft and good drapability.
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VFY is moderately inexpensive and conveys a luxury at much cheaper prices. Viscose filament yarn is used extensively in the production of soft, smooth, and long-lasting fabrics for clothing due to its properties such as lightweight nature, better breathing, plus ability to absorb fluids. Due to low investments in VFY industry, Countries like China and India shares a major demand of Viscose Filaments. Rise in demand of fabrics that can easily blend with cotton, polyester and others with high quality and cheaper prices is expected to propel the VFY market during the forecast period.
Region wise, Asia Pacific dominates the Viscose Filament Yarn market followed by Europe and North America. In 2022, Asia Pacific consumed approximately 52% of the market. Moreover, Asia Pacific also dominates as the producer of the global Viscose Filament Yarn market, with China and India being the key manufacturers in Asia holding more than 60% of the regional capacity.
Based on the end-use, the global Viscose Filament Yarn market is segregated into Textiles and Apparel, Home Textile, and Others. As of 2022, the Textiles and Apparel industry is leading the global Viscose Filament Yarn market with a share of about 40%. Because of its silky appearance and feel, viscose filament yarn can be used to make fabrics for apparel and home furnishings.
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“Global Viscose Filament Yarn Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, the significant players functional in the Global Viscose Filament Yarn are Xinxiang Bailu Chemical Fibre Group Co., Ltd., Grasim Industries Limited, Xinxiang Bailu Chemical Fibre Co.,Ltd, Yibin Grace Group Co., Ltd., China Hi Tech Group Corporation, Jilin Chemical Fibre Co.,Ltd., Baroda Rayon, Nanjing Chemical Fiber, Indorama Ventures, Shandong Helon Textile Sci. & Tech. Co., Ltd., and others.
“Being linked to the downstream application such as Textiles and Apparel, Home Textile,, the global Viscose Filament Yarn Industry has shown a significant growth along with the growing population and shifting in the consumer preference. In addition, growing per capita income worldwide poised a stronger outlook to the Viscose Filament Yarn demand in the historic period of 2015-2022. Asia Pacific is the leading consumer of Viscose Filament Yarn Meanwhile, China serves as the major region for growth as well as with sufficiently installed capacities. With new competitors emerging across the Asian fiber market, it is extremely important to keep an eye which region will grab the biggest market share during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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