Global viscose fibre market to grow 6.2% annually by 2026

02 Nov '22

2 min read

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Global viscose fibre market is expected to grow at an average annual rate of 6.20 per cent between 2021-2026 to reach 8,016.75 KT (Thousand ton) by 2026. The Indian market is likely to have the highest growth of 8.90 per cent in this period, while China, the largest market with a share of over 60 per cent, will have a growth rate that is lower than India.

Viscose market size was estimated at 5,934.40 KT in 2021 which grew from 5,050.01 KT of 2015, according to Fibre2Fashion’s market insight tool TexPro. The Viscose stable fibre market is expected to reach 6,290.45 KT in 2022, 6,683.60 KT in 2023, 7,111.34 KT in 2024, 7,555.83 KT in 2025 and 8,016.75 KT in 2026. In terms of market size, China will be the largest market with an annual growth of 6.79 per cent between 2021-2026 to reach 4,963.20 KT. Therefore, China will claim more than 60 per cent of the global market share.

Indian viscose market will grow at the highest pace of 8.90 per cent even though it is a smaller market in comparison with China. India’s market size will grow from 471.77 KT in 2021 to 707.08 KT in 2026, as per TexPro.

Rest of Asia-Pacific (other than China, India, Indonesia, Taiwan and Russia) will grow more than the global market at 7.20 per cent to reach 556.70 KT, while Russia will claim a share of 6.21 per cent to reach 22.58 KT in the same period.

Fibre2Fashion News Desk (KUL)

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