Synthetic Viscose Fiber Market Forecast 2026-2034 Market Size, Innovation Trends and Growth Outlook

According to the report, the global synthetic viscose fiber market was valued at $19.0 billion in 2024 and is projected to reach $37.4 billion by 2034, registering a CAGR of 7.0% from 2025 to 2034. The market's growth is driven by rising demand for sustainable, affordable textiles and expanding applications across apparel, home furnishings, medical, and industrial sectors.

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Macroeconomic & Geopolitical Impact:

- The synthetic viscose fiber market is significantly shaped by global macroeconomic and geopolitical dynamics. Economic slowdowns triggered by the COVID-19 pandemic, followed by persistent inflationary pressures, have moderated demand in key end-use sectors such as apparel and home textiles. According to the International Monetary Fund (IMF), global GDP growth declined from 6.0% in 2021 to 3.2% in 2023, directly influencing textile consumption patterns worldwide.

- Additionally, rising raw material costs particularly wood pulp along with volatility in global energy prices have increased production costs and pressured manufacturers' pricing strategies. From a geopolitical perspective, ongoing trade tensions, including U.S.-China tariffs, have disrupted global supply chains, with China remaining a dominant producer of viscose fibers. Stricter environmental regulations in China and Europe have resulted in temporary production shutdowns, leading to supply constraints and price fluctuations.

- The Russia-Ukraine conflict has further intensified energy costs across Europe, increasing manufacturing and logistics expenses. Despite these challenges, the market outlook remains optimistic, supported by strong demand from emerging economies and continuous innovation in sustainable viscose production. Growth opportunities are particularly evident in eco-friendly fashion, medical textiles, hygiene products, and automotive applications.

Market Drivers:

- Rising demand for sustainable and cost-effective textiles
- Expanding applications across diverse end-use industries

Key Opportunity:

- Technological innovations in sustainable viscose fiber production

Major Restraint:

- Environmental concerns and dependency on wood pulp raw materials

Leading Market Players

- Lenzing AG
- Grasim Industries Limited
- Sateri
- Tangshan Sanyou Xingda Chemical Fiber Co., Ltd.
- Yibin Grace Group Co., Ltd.
- Asia Pacific Rayon Limited
- Envoy Textiles Limited
- Xinjiang Zhongtai Chemical Co., Ltd.
- Formosa Chemical and Fiber Corporation
- Thai Rayon Public Co. Ltd.
- Kelheim Fibres GmbH
- Ibrahim Fibres Limited

Key Industry Trends:

- The synthetic viscose fiber industry is undergoing a transformation driven by sustainability initiatives and technological advancements. Manufacturers are increasingly adopting closed-loop production systems to minimize chemical emissions and environmental impact. For instance, Lenzing AG's ECOVEROTM fibers, produced using FSC-certified wood sources, comply with stringent environmental standards.

- The industry is also witnessing growing use of recycled cellulose and agricultural waste as alternative raw materials, reducing reliance on conventional wood pulp. Expanding applications in medical textiles, hygiene products, and automotive interiors are further boosting market demand, supported by viscose fiber's superior absorbency, softness, and comfort.

- Asia-Pacific continues to dominate market growth, with key players expanding production capacities to meet rising regional demand. In April 2025, Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. partnered with Circulose to strengthen its sustainable fiber portfolio and enhance its global market presence.

Competitive Landscape & Strategic Insights:

- The report provides an in-depth analysis of the competitive landscape, highlighting how leading players are leveraging partnerships, capacity expansions, and product innovations to strengthen their market positions. It evaluates company performance, operating segments, product portfolios, and recent strategic developments to present a clear picture of the global competitive scenario.

Recent Key Developments:

- April 2025: Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. partnered with Circulose to commercialize recycled pulp, supporting circular economy initiatives and enhancing sustainable product offerings.

- February 2020: Asia Pacific Rayon (APR) inaugurated Indonesia's largest integrated viscose rayon production facility in Pangkalan Kerinci, Riau, strengthening regional supply chains and supporting Indonesia's Industry 4.0 vision.

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