Viscose is an organic liquid made from wood pulp that is used in the textile and clothing industries to make fabrics. The Indian textile and apparel sector is anticipated to grow at a 10% CAGR from 2019 to 20 to reach US$ 190 billion by 2025–26, according to the India Brand Equity Foundation. India accounts for 4% of global textile and clothing trade. Due to supply chain restrictions and unexpected weather patterns, cotton prices are extremely volatile.
The market for Viscose Staple Fibres was estimated at USD 12.34 billion in 2022, and from 2023 to 2030, it is predicted to increase at a compound annual growth rate (CAGR) of 4.3%.
Key Competitors in the Viscose Staple Fiber Industry:
1. Aditya Birla Chemicals: Headquarters in India. An abandoned venture capital fund run by the Aditya Birla Group was called the Aditya Birla Group Fund. Mumbai, India was where the fund was situated. Investments were made by the fund in the retail, financial services, and health IT sectors. The fund intended to make corporate investments ranging from USD 2 million to USD 10 million.
2. Glanzstoff: Established in 2012. Headquarters in Austria. Manufacturer of technical textiles, single-end cords, and yarns intended for use in high-performance tyres. The business offers custom products to the rubber and composite sectors through its technical yarns, single-end cords, and technical textiles, which are a unique blend of knowledge in polymer, viscose, spinning, conversion, finishing, and interface bonding. The major European tyre cord maker Glanzstoff will be acquired by IVL.
3. Jilin Chemical Fiber Group Co. Ltd: China's Jilin Chemical Fibre Group Co Ltd was established there in 1960. China-based Jilin Chemical Fibre Stock Co., Ltd. is primarily involved in the production and sale of chemical fibre products. The primary goods produced by the company are viscose filaments, viscose staple fibres, acetic anhydride, chopped and filament fibres made from bamboo pulp, fire-resistant fibres made from hemp, purified cotton yarns, and others. Acetic anhydride manufacture, research, and development are further activities carried out by the company. Products are primarily sold by the company in domestic and international markets.
4. Kelheim Fibers GmbH: started in 2011. German headquarters are in Kelheim. Manufacturer of cellulose fibre products. The business makes speciality fibres made of viscose that are used to make tampons. Each year, it generates about 90,000 tonnes of viscose fibres. Based on cutting-edge machine technology and superior performance viscose fibres, Kelheim Fibres GmbH and Santoni Spa have created an innovative and environmentally friendly menstrual knickers garment.
5. LENZINGAG: Established in 1890. Headquarters in Austria. Lenzing AG produces and markets cellulose fibres made from wood as well as other chemical-based goods. The business's segment consists of All three generations of wood-based cellulosic fibres are produced by The Division Fibre, which sells them under the product names TENCEL, VEOCEL, LENZING ECOVERO, and LENZING. The Division Pulp produces and purchases dissolving pulp for fibre production, which is utilised in the creation of textiles, nonwovens, and specialised products manufactured from lyocell, modal, and viscose fibres.
6. Nanjing Chemical Fibre Co. Ltd: Founded in 1992. Headquarters in China. China-based Nanjing Chemical Fibre Co Ltd is primarily involved in the manufacturing and management of tap water and viscose fibre. The business manufactures viscose fibre under the Jinling brand, which is sold in China and imported into South Korea, Japan, Vietnam, Europe, and the US. Its water plant is situated in Yanziji, Qixia District, Nanjing, and can produce approximately 150,000 tonnes of water per day. Businesses in the economic and technological growth zone, as well as the nearby manufacturing and residential areas, are served by the company's tap water supply.
7. Xinjiang Zhongtai Chemical Co. Ltd: Founded in 2011. Headquarters in China. A sizable integrated chemical production enterprise is called Xinjiang Zhongtai Chemical Co Ltd. Products made there include coke, calcium carbide, crude salt, and chlor-alkali. Xinjiang, East China, and the Southern region of China make up its three main regional markets. Additionally, the business exports its goods to South Asia, including India, Vietnam, and Pakistan, South America, and Africa. The posting stated that imports from Xinjiang Zhongtai Chemical Co Ltd were likewise forbidden in the United States.
*Definition: Viscose Staple Fiber (VSF) is a highly durable and versatile regenerated cellulose fiber. It is a natural fiber that is produced from wood pulp derivatives such as northern spruce, western hemlock, eucalyptus and southern slash pine. It can be processed into viscose rayon and viscose yarn.
