COPYRIGHT © DIGITAL JOURNAL INC. Sitemaps: XML / News. Digital Journal is not responsible for the content of external sites. Read more about our external linking
Executive Summary
The global rayon market is anticipated to grow at a steady pace due to the increasing demand for textiles in emerging economies. The market size valued at USD 17.07 billion in 2023 is expected to reach USD 22.64 billion by 2030 with a CAGR of 5.1%. The report provides a detailed analysis of market segmentation, regional analysis, and the competitive landscape of major players in the market. The major findings suggest that the Asia Pacific region dominates the market due to the growth in the textile industry, and the report recommends that key players focus on strategic partnerships and product innovation to gain more market share.
The global rayon market is segmented by type and application. In terms of type, the market is classified as viscose, modal, lyocell, and others. Among these, viscose rayon is the most commonly used type due to its versatility and cost-effectiveness. On the basis of application, the market is segmented into apparel, home textiles, medical textiles, and others. The apparel segment dominates the market due to the popularity of rayon-based fabrics like georgette and chiffon in the fashion industry.
The regulatory and legal factors specific to the market conditions are determined by the country of production and the country of consumption. Various regulatory authorities such as the US Environmental Protection Agency (EPA) and the European Chemical Agency (ECHA) impose strict regulations on the use of certain chemicals in the production of rayon fibers. Additionally, the demand for sustainable and eco-friendly products has led to the development of new regulations aimed at reducing the environmental impact of rayon production. As such, the market is subject to constantly evolving legal and regulatory factors.
Get a Sample PDF of the Report: https://www.reliablebusinessinsights.com/enquiry/request-sample/1666749
Rayon Introduction and its Market Analysis
Rayon is a semi-synthetic fiber made from wood pulp or other cellulose materials. It is popular in the textile industry due to its comfortable feel, softness, and versatility. The target market for Rayon includes fashion and apparel companies, textile manufacturers, and other industrial users such as in the medical and automotive sectors. The major factors driving revenue growth of the Rayon market are increasing demand for sustainable and eco-friendly textiles, rising disposable income in emerging markets, and advancements in technology for fabric production. Aditya Birla Group, Kalheim Fibres, Lenzing AG, Celanese, Century Rayon, Daicel, Eastman Chemical, Formosa Chemical & Fibers, Glanzstoff, and Mitsubishi Rayon are the leading players in the Rayon market, with a strong focus on expanding their product portfolios and increasing their regional presence to meet the growing demand.
Inquire or Share Your Questions If Any Before Purchasing This Report: https://www.reliablebusinessinsights.com/enquiry/pre-order-enquiry/1666749
Competitive Landscape and Rayon Market Players
Rayon Market is highly competitive with several companies offering a range of rayon products to meet the increasing demand across multiple industries. Some of the key players in the market include Aditya Birla Group, Kalheim Fibres, Lenzing AG, Celanese, Century Rayon, Daicel, Eastman Chemical, Formosa Chemical & Fibres, Glanzstoff, Mitsubishi Rayon.
Aditya Birla Group, one of the largest producers of viscose staple fiber (VSF), has a significant presence in the rayon market. It offers a range of sustainable products under the brand name "Birla Viscose". Similarly, Lenzing AG also specializes in sustainable fibers, under the name "TENCEL Lyocell" and "Modal" fibers.
Kalheim Fibres, a Finnish company, produces specialty rayon fibers such as high-tenacity fibers used in tire cord production. Celanese offers a range of acetate tow fibers, which are used in the production of cigarette filters and industrial applications.
Other players such as Century Rayon, Daicel, Glanzstoff, Mitsubishi Rayon, and Formosa Chemical & Fibres offer various types of rayon fibers, including viscose, modal, and lyocell, for use in apparel, home textiles, hygiene products, technical textiles, and other applications.
These companies invest heavily in research and development to come up with innovative fibers that offer better properties such as sustainability, durability, strength, and versatility. Some of these companies also focus on sustainability by using renewable raw materials and implementing closed-loop production processes that minimize waste and reduce environmental impact.
According to the financial reports of these companies, some of the sales revenues in 2020 are:
- Aditya Birla Group - USD 48.3 billion
- Lenzing AG - EUR 1.89 billion
- Eastman Chemical - USD billion
- Daicel - YEN 413.4 billion billion
In conclusion, the companies operating in the rayon market offer a wide range of products to meet the diverse needs of various industries. They focus on innovation, sustainability, and quality to maintain a competitive edge and grow the rayon market. These companies have been successful in expanding their customer base and improving their sales revenues due to their commitment to excellence in product development and customer service.
Rayon Market Analysis, by Type:
Rayon is a man-made fiber produced from plant cellulose. The two types of rayon are Viscose Staple Fiber, which is short and thick, commonly used for clothing and home textiles, and Viscose Filament Fiber, which is long and thin, and widely used for industrial applications, such as tire cords and packaging materials.
Self-driving rayon technology is currently under development, aiming to revolutionize the production process of fiber. This technology involves the use of autonomous machines that can handle the entire production process, from raw materials handling to spinning and finishing, without human intervention. It is expected that self-driving rayon technology will increase efficiency, reduce labor costs, and improve product quality. Further research is being conducted to enhance this technology for wider commercial use.
Get a sample of TOC: https://www.reliablebusinessinsights.com/toc/1666749#tableofcontents
Rayon Market Analysis, by Application:
Rayon is a versatile fiber with a wide range of applications. In the apparel industry, it is used to make garments such as dresses, blouses, and shirts due to its softness, drape, and breathability. In-home furnishings, it is used for bedspreads, upholstery fabrics, and draperies. In industrial use, it is used in tire cords, industrial hoses, and conveyor belts. Other applications of rayon include medical dressings, cigarette filters, and insulation materials.
The fastest-growing application segment in terms of revenue is the apparel industry. With the increasing demand for sustainable and eco-friendly fabrics, rayon has become a popular choice due to its biodegradable nature and ease of production. The clothing industry is also constantly evolving with new trends and designs, making rayon a preferred material due to its versatility and ability to mimic the appearance of natural fibers such as cotton and silk.
Purchase this Report: https://www.reliablebusinessinsights.com/purchase/1666749
Rayon Industry Growth Analysis, by Geography:
The global rayon market is experiencing significant growth, with North America, Asia Pacific (APAC), Europe, the USA, and China being the key regions driving this growth. The increasing demand for eco-friendly and sustainable textiles is serving as a key driver of market growth in these regions. In addition, the growing demand for rayon fibers in the automotive, healthcare, and industrial sectors is further driving the market growth.
Asia Pacific is expected to dominate the global rayon market, accounting for a significant market share percentage valuation, owing to the presence of several key players in the region, particularly in China and India. North America and Europe are also expected to witness significant growth in the market, driven by the growing demand from the fashion and clothing industry. The expected market share of the rayon market across these regions is expected to vary, with APAC expected to lead with a higher market share percentage.
Purchase this Report: https://www.reliablebusinessinsights.com/purchase/1666749
Key Questions Answered in this Rayon Market Report
1. What is the expected growth rate of the global rayon market?
2. What are the key factors driving the growth of the rayon market?
3. What are the major challenges faced by the rayon industry?
4. Which regions are expected to witness significant growth in the rayon market?
5. What are the different types of rayon fibers available in the market?
Contact Us:
Name: Mahesh Patel
Phone: USA:+1 951 407 0500
Email: sales@reliablebusinessinsights.com
Company Name: Reliable Business Insights
Website: https://www.reliablebusinessinsights.com/
More Reports Published By Us:
Global Polypropylene Fiber Market Insights, Forecast to 2028
Global Anodized Aluminium Market Insights, Forecast to 2028
Global Sports Functional Apparel Market Insights, Forecast to 2028
Global Railway Relays Market Insights, Forecast to 2028
Source:
Press Release Distributed by Prime PR Wire
To view the original version on Prime PR Wire visit The Future of the Rayon Market: Analysis of Industry Trends and Forecast with a forecasted CAGR 5.1% from 2023-2030