Rayon Market was valued at USD 11.8 Billion in 2022 and is projected to reach USD 15.5 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The global rayon market was valued at approximately USD 11.4 billion in 2022, with an anticipated compound annual growth rate (CAGR) of around 6.2% from 2023 to 2030. Rayon, a versatile fiber derived from regenerated cellulose, has seen increased adoption due to its affordability and silk-like properties. This market growth is driven by the rising demand for sustainable and eco-friendly textiles, as well as expanding applications in apparel, home textiles, and industrial products. The increasing focus on renewable resources and the growing fashion and textile industries in emerging economies contribute significantly to this upward trajectory.
Opportunities in the rayon market are notably robust in developing regions, where economic growth and rising disposable incomes are spurring demand for textile products. The Asia-Pacific region, in particular, presents substantial growth potential due to its large population base and evolving fashion trends. Additionally, innovations in rayon production processes and the development of new applications in medical and hygiene products are likely to further bolster market expansion. The increasing shift towards sustainable and biodegradable materials offers promising avenues for future market developments, enhancing the attractiveness of rayon as a key player in the global textile industry.
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Aditya Birla Group
Kalheim Fibres
Lenzing AG
Celanese
Century Rayon
Daicel
Eastman Chemical
Formosa Chemical & Fibres
Glanzstoff
Mitsubishi Rayon
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Rayon Market
Apparel
Home Furnishings
Industrial Use
Other
Based on Types the Market is categorized into Below types that held the largest Rayon market share In 2023.
Viscose Staple Fiber
Viscose Filament Fiber
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Rayon Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Rayon Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Rayon Market, By Type
6. Global Rayon Market, By Application
7. Global Rayon Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Rayon Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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