China and India to add 500 million consumers to the viscose staple fiber market till 2021.

A recent research report published by Beige Market Intelligence on Global Viscose Staple Fiber Market – Strategic Assessment and Forecast Till 2021 gives an in depth analysis of the market size and market growth of Viscose Staple Fiber .
The research analysts have done a thorough analysis on the viscose staple fibre market by product segments by type of fiber such as synthetic fiber, cellulose fiber, organic fiber , inorganic fiber. The report also contains the insights of the market size by application type such as textile, non-woven, apparel, packaging, healthcare. Along with the key vendor analysis the report also gives a detailed market share and growth aspect region wise.

APAC Region to contribute the largest share in the market revenue by 2021.

The global market size for Viscose Staple Fiber in 2015 is US$ 12.7 billion and the research analyst estimate the market size to reach US 13.71 billion. The market is expected to grow at a CAGR of 4.69 % during this period.

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The analysts also predict that the APAC region is going to be a major contributor of the market revenue in cellulose fiber as well as Viscose Staple Fiber. APAC region going to contribute approx. US $7.18 billion in Viscose Staple Fibre Market share.

The region is a hub for cellulose fiber manufacture It constitutes 65% of the worldwide Viscose Staple Fiber production. Also it consumes about 70% of dissolving pulp generated worldwide. China and India are the key consumption markets for cellulose fiber with a combined share of 48%. APAC is also the key geography in the viscose value chain as it not only plays a key role in determining the market prices of viscose fibers but also for its substitutable materials such as cotton and polyester. The region is a hub for chemicals and fiber manufacturing as several leading chemical companies have established their manufacturing locations. Major Vendors such as Aditya Birla Group and Zhejiang Fulida are headquarted in India and China respectively. While the developed markets in Europe and North America are unable to keep pace with the growth of emerging markets of Asia, these markets are growing both in consumption size and purchasing power. China is expected to add 400 million consumers, while India is expected to add 60 million household to the Viscose Staple Fiber Market. As consumers move higher across the consumption chain, demand for value added products such cellulose fibers is on the rise.
With growing health consciousness, there is an increased expenditure on products pertaining to personal hygiene including wipes, tissues, diapers, dressings and paddings, particularly in APAC, wherein the per capita healthcare expenditure rose by 9.2% in 2015.

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The report also covers the present scenario and the growth factors of Viscose Staple fiber in China, India, Brazil, the US, Mexico and South Korea. It gives the details of the expected revenues from the major regions of North America, Europe, Latin America, APAC,EMEA and ROW.

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This release was published on openPR.