Data-Driven Healthcare Market Size, Share, and Industry Analysis, By Deployment (On-Premise, Cloud Based, and Hybrid), By Application (Population Health Management, Drug Discovery & Development, Clinical Research, Clinical Diagnostics, and Others), By End-user (Hospitals & Clinics, Pharmacies, Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROs), and Others), and Regional Forecast, 2021-2028-2032

• 

   Request a Free Sample To Get More Information on this Market

VISCOSE FILAMENT YARNS MARKET REPORT OVERVIEW

The global viscose filament yarns market size was forecasted to be worth USD 2.12 billion in 2024, expected to achieve USD 3.4 billion by 2033 with a CAGR of 5.41% during the forecast period.

Viscose filament yarn (VFY) is a natural fiber derived from wood pulp or cotton pulp, making it a product sourced from nature rather than synthetic materials. Also referred to as Rayon Yarn or Rayon Filament Yarn, VFY has a luxurious and silky appearance, making it ideal for crafting fabrics used in both clothing and home textiles. Its unique characteristics, such as breathability and liquid absorption, allow for the creation of soft and smooth textiles suitable for clothing, showcasing VFY's versatility in fabric production.

The market for viscose filament yarns is estimated to expand exceptionally over this forecast period with growing demand for viscose filament yarns in the textile industry. VFY is commonly used in the textile industry for producing fabrics due to its silk-like texture. In addition, consumer awareness of VFY's natural origin and luxurious attributes is also likely to fuel the market demand. Along with this, efficient supply chain dynamics and emerging market opportunities are anticipated to contribute to the overall growth of the VFY market.

COVID-19 IMPACT

"Downturn of Textile Industry Curbed the Demand for VFY"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. The downturn in the textile industry directly halted the viscose filament yarns market demand as the textile is a primary application industry for VFY. The decline in the textile and clothing industry descended the market growth during the pandemic. Consequently, the market experienced a decline in demand and revenue during the pandemic. While the industry may eventually recover as the situation improves, the immediate impact of COVID-19 was predominantly negative for the global market.

LATEST TRENDS

"Sustainable and Chic Modest Styles to Evolve Market Potential"

The current trend in the textile industry, particularly in the context of viscose filament yarn (VFY), revolves around a noticeable focus on sustainability. This shift is characterized by a growing awareness and demand among consumers for textiles made from eco-friendly and responsibly sourced materials. VFY is prominent in this landscape as it is derived from natural sources such as wood pulp positioning it as an environmentally friendly alternative. This emphasis on sustainability extends beyond the end product and includes considerations for the entire supply chain, from raw material sourcing to production processes. Manufacturers and consumers alike are increasingly recognizing the importance of minimizing environmental impact in the textile industry, and VFY, with its natural origin, aligns well with these conscientious consumer preferences. As a result, the sustainable attributes of VFY contribute significantly to its market appeal and growth in the broader context of environmentally conscious consumer choices.

VISCOSE FILAMENT YARNS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into 120D, 150D. 300D, and 600D.

• 120D VFY: This denotes viscose filament yarn with a denier value of 120. A lower denier typically indicates finer and softer yarn. 120D VFY may be used in applications where a delicate and lightweight fabric is desired.

• 150D VFY: With a slightly higher denier of 150, this type of VFY is likely to have a slightly thicker and more substantial feel compared to 120D. It may find applications in a range of fabrics, including those used in apparel, home textiles, and other related industries.

• 300D VFY: A denier value of 300 signifies a thicker and more robust filament yarn. Fabrics made from 300D VFY may be more durable and suitable for applications that require sturdier textiles, such as upholstery, outdoor fabrics, or heavier clothing items.

• 600D VFY: This category represents VFY with a denier value of 600, indicating a significantly thicker and stronger yarn. Fabrics made from 600D VFY may be used in heavy-duty applications, including industrial fabrics, luggage, or other products where strength and durability are paramount.

By Application

Based on application the global market can be categorized into Clothing Textiles and Home Textiles.

• Clothing Textiles: VFY is extensively used in the production of clothing textiles due to its unique characteristics. Its silky appearance and smooth texture make it a popular choice for a wide range of garments, including dresses, blouses, shirts, and various types of innerwear.

• Home Textiles: VFY is also widely employed in the production of home textiles, contributing to the creation of soft and aesthetically pleasing items for home use. This category includes a range of products such as bed linens, curtains, drapes, and upholstery fabrics.

DRIVING FACTORS

"Expansion of Textile Industry Surge the Sales of VFY Material"

One of the major factors of theviscose filament yarn (VFY) market growth is the growth and vitality of the textile industry which is shaping the market dynamics. A robust and expanding textile industry serves as a catalyst for the demand and utilization of VFY. The growing demand for textiles, whether for apparel, home furnishings, or industrial applications is anticipated to fuel the demand for VFY in response to its versatile and desirable properties.

"Growing Consumer Preference Stimulate Market Development"

Additionally, as consumers become more conscious of the materials used in their clothing and textiles, there is a growing preference for natural fibers. VFY, with its natural origin and luxurious feel, is likely to cater to evolving consumer preferences which will likely aid the market demand. As a result, these factors are predicted to boost the market growth.

RESTRAINING FACTORS

"Competition from Synthetic Fibers Can Hamper Market Scope"

Apart from the growth factors, the market has various restraints that can impact its growth. For instance, competition from synthetic fibers, particularly polyester and nylon, poses a challenge as these alternatives offer different advantages such as durability and cost-effectiveness. As well as volatility in raw material prices and compliance with stringent regulations can also curb the market potential.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

VISCOSE FILAMENT YARNS MARKET REGIONAL INSIGHTS

"Asia Pacific Likely to Lead the Market with the Rapidly Evolving Textile Industry"

The Asia Pacific region is likely to dominate the market, accounting for the majority of theviscose filament yarn market shares over this forecast period. Various factors can be attributed to the region’s leading position such as the growing textile industry, growing demand for apparel, and the abundance of availability of raw materials in the region. Furthermore, Asia-Pacific, particularly countries like China and India, serves as a major manufacturing hub for textiles and fibers, including VFY. The region's well-established textile industry, extensive infrastructure, and skilled workforce is expected to contribute to the dominance in VFY production in the region.

KEY INDUSTRY PLAYERS

"Notable Companies Emphasis on Sustainability to Follow Market Trends"

With the increasing emphasis on sustainability, many key players are adopting eco-friendly practices. This includes sourcing raw materials responsibly, improving production processes to reduce environmental impact, and offering sustainable VFY options to meet the demands of environmentally conscious consumers. Moreover, companies also engage in strategic partnerships or acquisitions to strengthen their position in the market. This involves collaborating with other industry players, acquiring complementary businesses, or diversifying their product offerings to create a more comprehensive portfolio.

List of Top Viscose Filament Yarns Companies

• Kayavlon Impex Pvt. Ltd (India)
• Xinxiang Bailu Chemical Fiber (China)
• Glanzstoff (Austria)
• Hubei Golden Ring (China)
• Kesoram Rayon (India)
• Shandong Helon Co., Ltd (India)
• Meher International (India)
• Grasim Industries (India)

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.