Rayon Fibers Market to increase rapidly by 2024
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The publication on the global rayon fibers market touches the growth factors and market opportunities along with the factors holding back the market’s growth. The report serves as an important instrument for existing players to gauge opportunities and tread growth while keeping in view the strategic recommendations presented herewith. Comprising an extensive research phase and inputs received from industry experts, the report provides decision information about the market’s progression.
Global Rayon Fibers Market: Drivers and Restraints
The incessant demand from the textile industry is one of the major factors driving the global rayon fibers market. With the growth of the textile sector, the demand for rayon fibers is expected to swell in the coming years.
Although rayon fiber is manmade, it has several properties similar to that of natural polymers. This includes high comfort and low cost of natural polymers and the drape and slipperiness of nylon fibers. The semi-synthetic character of rayon fibers is suitable for a varied range of products such as home furnishings, apparels, industrial and medical products. Due to the large applications of rayon fibers, the global rayon fibers market is expected to rise at a rapid pace. The countries of Asia Pacific such as China, India, and Indonesia largely dominate the global rayon fibers market.
However, rayon fiber has several disadvantages as well. Rayon fibers are easily damaged by strong concentrated bleaches as they are manufactured from natural polymers. The prolong exposure to sunlight leads to reduced strength of rayon fiber.
Global Rayon Fibers Market: Regional Overview
North America, Europe, Asia Pacific, and Rest of the World are the regional segments into which the global rayon fibers market can be divided. Amongst these, Asia Pacific holds a major share in the global market with countries such as India and China contributing significantly to the revenue of this region. Moreover, due to the faster drying property of rayon over cotton, the fabric makes a better substitute for cotton suitable for the hot and humid climate in Asia Pacific. Europe follows Asia Pacific in terms of the revenue share of the global rayon fibers market.
Major Companies Mentioned in Report
Some of the leading companies operating in the global rayon fibers market are Lenzing AG, Acordis, Eastman Chemical Company, Kelheim Fibres, Grasim Industries, and Tembec Inc. The report presents a detailed competitive profile of the leading companies along with a SWOT analysis of the major market segments during the forecast period.
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