Rayon Fibers Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global rayon fibers market size is projected to reach US$ 21 million by 2024, and register CAGR of 8.1% over the forecast period (2019 - 2027).

Market Overview

Rayon is a fiber manufactured from naturally occurring cellulose present in wood pulp, or plant-based material such as cotton, and then transformed into synthetic fibers through the process of chemical treatment. Types of rayon include modal, viscose, out of which viscose rayon is the most popular type of rayon which can be blended with manmade or naturally occurring fibers in order to produce a fabric of different textures and weight. It is also the most versatile type of rayon owing to its degree of comfort, cost effectiveness, and absorbent properties.

Market Dynamics

Rayon fibers have a wide range of applications in a number of industries such as textiles, apparel, surgical equipment, upholstery, and feminine hygiene products. Rayon can mimic properties of other fibers such as nylon fibers, cotton, and wool which makes it a popular and cost effective alternative for use in varying climatic conditions. It also finds application in the apparel industry owing to its semi-synthetic nature. Technological advancements in the clothing industry are likely to benefit demand for rayon in the next few years. Growing preference for blended fabrics instead of purely synthetic fabric among the consumers is expected to influence demand for rayon fabric worldwide. Additionally, growing cotton prices have led clothing manufacturers to opt for rayon instead of cotton. As a result of increase in demand for rayon, companies are investing in manufacturing facilities, and pulp mills, in order to increase production of rayon.

Furthermore, scientists are focused on research and development activities centered on chemical reactivity and structure of cellulose. According to researchers, it may be possible to obtain cellulose molecules with a direct interaction with sunlight, carbon dioxide, and water. Such innovations may reduce the cost of obtaining raw materials required for manufacturing manmade fabrics. Properties of rayon fiber such as high tenacity, absorbency, abrasion resistance, as well as resistance to sunlight are expected to drive growth of the global rayon fibers market.

However, certain factors may restrain growth of the market, such as rayon’s susceptibility to concentrated bleaches due to the presence of natural polymers, as well as the likelihood of the fabric losing its strength when exposed to sunlight for a long time. Also, manufacturing hazards owing to production of highly poisonous carbon disulfide have led to lawsuits and severe health effects in workers          . However, impact on modern manufacturing facilities is unknown.

Market Outlook

The rapidly expanding textile sector in emerging economies such as China and India is expected to generate the highest demand for rayon fibers in the Asia Pacific region. Owing to the hot and humid climate in this region, consumers are likely to switch their preference from cotton to rayon due to the latter’s quick drying properties. Europe and Middle East are likely to account for the second highest market share in the global rayon fibers market. Moreover, increasing cost for producing cotton is expected to favour demand for rayon around the world.

Key Players

Some of the major companies operating in the global rayon fibers market are Tembec, Inc., Acordis, Grasim Industries Ltd., Lenzing AG, Eastman Chemical Company, and Kelheim Fibres.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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