Global Rayon Fibers Market was valued at US $ 19.5 Billion in 2022 and is expected to reach US 35.6 Billion by 2030 growing at a CAGR of 7.8% during the forecast period 2023 – 2030.
The market for rayon fiber encompasses the global or regional industry involved in the production, distribution, and utilization of rayon fibers. Rayon fiber, a semi-synthetic textile material derived from regenerated cellulose, finds applications across diverse industries. This market comprises the entire supply chain, from the manufacturing of rayon fibers using sources like wood pulp or bamboo to their processing, blending, and finishing to meet specific requirements. Key sectors within this market include textiles (both apparel and non-apparel), automotive, healthcare, home furnishings, and industrial applications. 

Market participants include fiber producers, textile manufacturers, apparel brands, automotive suppliers, and various industries utilizing rayon fibers. The market's dynamics are shaped by factors such as consumer preferences, sustainability trends, technological advancements, and global economic conditions. Notably, the versatility, softness, and adaptability of rayon fibers to a wide array of end-use applications make them a valuable and versatile material in today's industrial landscape.

Some of the benefits of designing a Rayon Fibers Market include:

• Softness and comfort: renowned for their soft and silky texture, rayon fibers deliver exceptional comfort, making them highly coveted in clothing and textiles, where comfort is paramount.
• Absorbency: rayon possesses outstanding moisture-wicking properties, rendering it highly absorbent. This attribute proves invaluable in products like towels, bed linens, and activewear, ensuring effective moisture management.
• Breathability: rayon's breathability facilitates air circulation, aiding in the regulation of body temperature. This makes it an excellent choice for warm-weather clothing and bedding, enhancing overall comfort.
• Versatility: rayon fibers can be tailored to emulate the qualities of natural fibers such as cotton, silk, and wool, as well as synthetic counterparts. This remarkable versatility enables a wide array of applications.
• Drapability: rayon fabrics exhibit superb drapability, flowing gracefully and conforming to various shapes. This attribute renders them well-suited for clothing items like dresses, blouses, and eveningwear, where an elegant drape is essential.
• Aesthetics: rayon can achieve a luxurious and shiny appearance, often resembling silk. This aesthetic appeal renders it highly desirable for high-end clothing and exquisite home furnishings.

COVID -19 Impact 

The COVID-19 pandemic had a multifaceted impact on the market growth of rayon fibers, with distinct phases before, during, and after the pandemic.

Before COVID-19 (Pre-Pandemic):

Prior to the pandemic, the market for rayon fibers was showing steady growth. Rayon's versatility, softness, and affordability made it a preferred choice in various industries, including textiles, automotive, and non-wovens. The textile industry, in particular, was witnessing increasing demand for rayon in apparel and non-apparel applications due to its comfort and sustainability attributes. Additionally, the automotive sector was integrating rayon fibers into tire production and interior components for improved performance and aesthetics. Sustainability trends were driving demand for rayon fibers sourced from eco-friendly origins, further bolstering the market.

During COVID-19 (Pandemic Impact):

The COVID-19 pandemic disrupted supply chains and manufacturing processes across industries, including textiles and automotive. This disruption led to a temporary slowdown in production and demand for rayon fibers, as many businesses faced operational challenges and reduced consumer spending. The closure of retail stores and a decline in consumer fashion preferences for casual and comfortable clothing also affected the textile market. However, the pandemic did create new opportunities for rayon in healthcare and personal protective equipment (PPE) manufacturing, where its absorbency and comfort properties were valuable. Rayon was used in the production of masks, gowns, and other PPE materials, contributing to the fight against the virus.

After COVID-19 (Post-Pandemic):

As the world adapted to the ongoing pandemic, the market for rayon fibers gradually rebounded. Consumer preferences shifted towards comfortable and sustainable clothing, aligning with rayon's strengths. The textile industry saw a resurgence in demand for rayon in apparel, as consumers sought versatile and eco-friendly options. Additionally, the automotive sector continued to utilize rayon fibers for tire reinforcement and interior applications, focusing on lightweighting and sustainability goals. The heightened awareness of hygiene and safety further expanded rayon's role in healthcare and PPE manufacturing. Sustainable sourcing of rayon fibers gained prominence, with consumers and industries emphasizing eco-friendly materials. This trend aligned with rayon's capacity to be produced from sustainable sources, such as bamboo or responsibly managed forests, further propelling market growth.

In conclusion, the COVID-19 pandemic initially disrupted the market for rayon fibers, particularly in textiles and automotive, but also created new opportunities in healthcare and PPE manufacturing. As the world adjusted to the "new normal," the market gradually recovered, benefiting from increased demand for comfortable and sustainable materials. The pandemic underscored the importance of adaptability and sustainability in the rayon fiber market, and these trends are expected to continue shaping its growth in the post-pandemic era.

Factors Driving the Market

Drivers

Growing demand for sustainable and eco-friendly textiles

The surging demand for sustainable and eco-friendly textiles is a driving force behind the robust growth of the textile market. This trend is underpinned by heightened environmental awareness among consumers who seek products that minimize their ecological footprint. Sustainable textiles, such as those crafted from organic materials or recycled fibers like rayon, resonate with these eco-conscious preferences. Moreover, the production processes of such textiles typically entail lower resource consumption, reduced carbon emissions, and avoidance of harmful chemicals, making them environmentally responsible choices. The appeal of sustainable textiles also lies in their biodegradability, addressing concerns about textile waste and landfill accumulation. Certifications and labels vouching for environmental and safety standards further bolster consumer confidence, propelling demand. Regulatory support and corporate sustainability initiatives, coupled with the influential role of the fashion industry, amplify the momentum of this sustainable textile movement.

Furthermore, sustainable textiles often boast longevity and durability, meeting the needs of consumers looking for products that endure over time, ultimately reducing the need for frequent replacements. As the market for sustainable and eco-friendly textiles expands, it fuels innovation and investment in the industry, contributing to the development of novel and eco-conscious textile solutions. As per Statista, Over the last ten years, the sales percentage of sustainable clothing has consistently increased, and this trajectory is expected to persist. Projections indicate that the market share is poised to surpass six percent by 2026. This upward trajectory is primarily propelled by younger generations, with millennials and Gen Z collectively contributing to approximately 68 percent of sustainable apparel revenue in the United States in 2022.

Growing demand in automotive and Industrial sectors

Rayon fibers play a multifaceted role in the automotive industry, contributing to its growth and innovation. Their application as tire reinforcement materials enhances safety and performance on the road, benefiting both passenger and commercial vehicles. Inside the vehicle cabin, rayon fibers enhance seat upholstery, carpets, and floor mats, elevating comfort and aesthetics. Additionally, they find use in soundproofing and insulation, contributing to a quieter and more enjoyable driving experience. In non-woven fabrics, rayon offers a balance of strength and flexibility for components such as air filters and interior trim. Furthermore, their role in composite materials and lightweighting initiatives aligns with the automotive industry's drive for fuel efficiency and reduced emissions. By bolstering safety, comfort, and sustainability in vehicles, rayon fibers remain a valuable and adaptable resource, thus helping propel the market forward in the automotive sector.

Challenges

High processing cost and availability of other alternatives

High processing costs and the availability of alternative materials have a profound impact on the market, particularly in the textile industry. When processing costs are excessively high, it can result in less competitive pricing for products, deterring cost-conscious consumers and manufacturers. Consequently, market demand may wane as more cost-effective alternatives become appealing choices. This can also strain profit margins for manufacturers, potentially limiting investments in innovation and research, thus hindering market growth. Additionally, the presence of readily available alternative materials allows for substitutions, and consumers often opt for these alternatives based on factors such as cost, sustainability, or performance. The interplay of these factors underscores the importance of balancing processing costs, innovation, and market competitiveness in navigating this dynamic landscape.

Competition from other textile fibers

Competition from other textile fibers exerts a profound influence on the textile market. This rivalry engenders price competition, pushing manufacturers to reduce prices, impacting profit margins. Consumer choice is broadened as a result, with preferences ranging from cost-effectiveness to sustainability, affecting the demand for specific fibers. Competition fosters innovation and differentiation, compelling companies to invest in unique properties and applications. Quality, performance, and adherence to sustainability goals become paramount, further intensifying market dynamics. Regulatory changes can tip the scales in favor of certain fibers, and global supply chains introduce additional variables. As trends evolve and market saturation looms, the textile industry must continually adapt to maintain competitiveness and relevance.

Trends

Growing demand for rayon fibers in non-apparel applications

The surging demand for rayon fibers in non-apparel applications is a driving force behind market growth, underpinned by rayon's remarkable versatility and advantageous properties. Rayon's softness, absorbency, and drapability make it an ideal choice for non-apparel items such as bedding, upholstery, and interior furnishings, enhancing comfort and aesthetics. Additionally, its strength and durability suit applications in industrial sectors, including tire cords and filtration materials. Rayon's eco-friendly potential, especially when sourced sustainably, aligns with the growing trend towards environmentally conscious products, further fueling its adoption. As consumers and industries increasingly seek materials that offer both performance and sustainability, rayon's expanding role in non-apparel applications continues to propel market growth and diversification.

Market Segmentation 

By Type

• The Viscose dominated the Rayon Fibers Market in 2022.
• The Viscose is the fastest growing segment, growing at a CAGR of 6.5% during the forecast period.

By Type, the global Rayon Fibers Market is divided into Automotive & Transportation, Personal Care, Manufacturing, Textile, Healthcare, Aerospace and Defense, Others.

Viscose rayon fiber held a commanding position in the Rayon Fibers Market, accounting for over 35% of the market share in 2019. These fibers possess properties akin to cotton, making them a versatile substitute in various industries. Viscose fiber production involves a process where cellulose reacts with sodium hydroxide, forming alkali cellulose, which is then converted into cellulose xanthate through a reaction with carbon disulfide (CS2). Subsequently, it is dissolved in dilute sodium hydroxide and extruded through spinnerets into an acid bath using the wet spinning method. Viscose rayon fibers are valued for their softness and non-insulating qualities, making them highly suitable for crafting dresses, ribbons, and trims. The growing utilization of viscose rayon in clothing and upholstery fabrics is expected to propel market expansion. Notably, the International Trade Centre reports a substantial increase in global viscose rayon filament imports, rising from 90,489 tons in 2017 to 101,633 tons in 2019, underscoring the escalating demand for this versatile fiber.

By Application

• The Textile segment dominated the Rayon Fibers Market in 2022.
• Textile is the fastest growing segment, growing at a CAGR of 9.4% during the forecast period.

By Application the Rayon Fibers Market is divided into Automotive & Transportation, Personal Care, Manufacturing, Textile, Healthcare, Aerospace and Defense, Others.

The textile industry takes the forefront and exhibits remarkable growth within the rayon fiber market for a multitude of compelling reasons. Rayon's unparalleled versatility allows it to seamlessly emulate various natural and synthetic fibers, making it an exceptional choice for a wide spectrum of textile applications. This adaptability, coupled with its cost-effectiveness in comparison to premium natural fibers, positions rayon as an attractive option for textile manufacturers aiming to balance quality with affordability. Moreover, the growing emphasis on sustainability in the textile sector has propelled the demand for rayon fibers sourced from sustainable origins, such as bamboo or responsibly managed forests. As environmental consciousness continues to shape consumer and industry preferences, the eco-friendly attributes of rayon are a driving force behind its adoption. Rayon's inherent softness and comfort are particularly well-suited for textiles intended for clothing, bedding, and other applications where comfort is paramount.

By Region

• The APAC region dominated the Rayon Fibers Market in 2022.
• The APAC region is the fastest growing segment, growing at a CAGR of 8.3% during the forecast period.

By region, the global Rayon Fibers Market is divided into North America, Europe, APAC and Others. Others is further divided into Middle East, Africa and South America.

In 2022, the Asia Pacific region dominated the rayon fiber market, capturing more than 62.4% of the global market share. Furthermore, it is projected to exhibit the highest growth rate, with a forecasted compound annual growth rate (CAGR) surpassing 8.3% during the forthcoming period. The Asia-Pacific (APAC) region is at the forefront of the rayon fiber industry, boasting both leadership and rapid growth. This dominance can be attributed to a multitude of factors that collectively shape the region's textile landscape. With a rich historical foundation in the textile sector, countries like China, India, and Japan have long been renowned for their textile traditions. Furthermore, the substantial population within the APAC region, coupled with the burgeoning middle-class demographic and their increasing disposable income, has fueled a growing appetite for textiles, including rayon fibers.

APAC has also solidified its position as a global manufacturing hub for textiles, offering skilled labor, cost-effective production facilities, and well-established supply chain infrastructure. This appeal extends to rayon production, making it a preferred choice for textile manufacturers. As environmental consciousness rises worldwide, consumers in APAC are no exception, leading to a heightened demand for sustainable and eco-friendly textiles like rayon, particularly when produced from renewable sources such as bamboo or managed forests.

Competitive Landscape

The global Rayon Fibers Market is consolidated with the presence of few major players contributing to the market revenue. This dominance of these major players is driven by their technological expertise, extensive resources, and established brand recognition. These companies typically offered comprehensive and diversified solutions to end use industries.

• PT Teijin Fiber Indonesia

PT Teijin Fiber Indonesia (PT Tifico) is a leading manufacturer of polyester fibers in Indonesia. It is headquartered in Tangerang, Banten, Indonesia and is a subsidiary of Teijin Limited, a Japanese multinational chemical, pharmaceutical and information technology company. PT Tifico was founded in 1973 as a joint venture between Teijin Limited and the Indonesian government. The company produces a wide range of polyester fibers, including filament yarn, staple fiber, and fiber fill for dolls and pillows. Its products are used in a variety of applications, including apparel, home textiles, and industrial products.

• PT Rayon International

PT Rayon International (PRI) is a leading manufacturer of viscose rayon fibers in Indonesia. It is headquartered in Tangerang, Banten, Indonesia and is a subsidiary of Asia Pacific Rayon (APR), a joint venture between Asia Pacific Resources International Limited (APRIL) and the RGE Group. PRI was founded in 2013 and began commercial production of viscose rayon fibers in 2015. The company has a production capacity of 240,000 tons of viscose rayon fibers per year.

• PT Pindo Deli Pulp & Paper

PT Pindo Deli Pulp & Paper (PDP) is a leading manufacturer of pulp and paper products in Indonesia. It is headquartered in Jakarta, Indonesia and is a subsidiary of Asia Pulp & Paper (APP), one of the world's largest pulp and paper companies. PDP was founded in 1975 and has three mills in Indonesia, located in Karawang, West Java and Perawang, Riau

• PT Tifico Fiber Indonesia
• PT Asia Pacific Rayon
• Indorama Ventures
• Eastman Chemical
• Rayonier Advanced Materials
• Kelon Group
• Lenzing
• Shandong Ruyi Technology Group
• Zhejiang Shaoxing Xinfeng Group
• Jiangsu Sunshine Group,
• China National Textile Group, Sateri
• Grasim Industries
• Reliance Industries
• Indo Rama Synthetics
• Aditya Birla Nuvo
• Grasim Industries

Recent Developments

• In December 2019, Lenzing AG, a leading rayon fiber manufacturer, invested approximately $1.3 billion in a dissolving wood pulp facility in Sao Paulo, Brazil. This plant, with a 500-kilo ton capacity, will produce cellulosic fibers for the biobased fibers segment.
• In October 2019, Lenzing AG and Dupont Biomaterials collaborated on a fabric collection made from natural materials, combining Dupont's Sorona and Lenzing's TENCEL (modal & lyocell) fibers. This partnership is expected to boost the growth of rayon fibers.
• In November 2019, Lenzing AG initiated construction on the largest lyocell fibers facility in Thailand, with an annual production capacity of 100 kilo tons. This facility aims to meet the growing demand for rayon fibers in the Asia Pacific region and is set to become operational by the second half of 2021.

Rayon Fibers Market Scope

Table of Contents

1 INTRODUCTION OF GLOBAL RAYON FIBERS MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY 

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL RAYON FIBERS MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL RAYON FIBERS MARKET, BY TYPE

5.1 Overview

5.2 Viscose Rayon

5.3 Modal Rayon

5.4 Cupramonium Rayon

5.5 Others

6 GLOBAL RAYON FIBERS MARKET, BY APPLICATION

6.1 Overview

6.2 Automotive & Transportation

6.3 Personal Care

6.4 Manufacturing

6.5 Textile

6.6 Healthcare

6.7 Aerospace and Defense

6.8 Others

7 GLOBAL RAYON FIBERS MARKET, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.9 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.9 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 PT Teijin Fiber Indonesia

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 PT Rayon International 

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6. Key News

8.3 PT Pindo Deli Pulp & Paper

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6. Key News

8.4  PT Tifico Fiber Indonesia

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6. Key News

8.5 PT Asia Pacific Rayon

8.5.1. Company Overview

8.5.2. Key Executives

8.5.3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6. Key News

8.6 Indorama Ventures

8.6.1. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6. Key News

8.7 Eastman Chemical

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6. Key News

8.8 Rayonier Advanced Materials

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6. Key News

8.9 Kelon Group

8.9.1. Company Overview

8.9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6. Key News

8.10 Lenzing

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6. Key News

8.11 Shandong Ruyi Technology Group

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6. Key News

8.12 Zhejiang Shaoxing Xinfeng Group

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6. Key News

8.13 Jiangsu Sunshine Group

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6. Key News

8.14 China National Textile Group  

8.14.1. Company Overview

8.14.2. Key Executives

8.14.3. Operating Business Segments

8.14.4. Product Portfolio

8.14.5. Financial Performance (As per availability)

8.14.6. Key News

8.15 Sateri

8.15.1. Company Overview

8.15.2. Key Executives

8.15.3. Operating Business Segments

8.15.4. Product Portfolio

8.15.5. Financial Performance (As per availability)

8.15.6. Key News

8.16 Grasim Industries

8.16.1. Company Overview

8.16.2. Key Executives

8.16.3. Operating Business Segments

8.16.4. Product Portfolio

8.16.5. Financial Performance (As per availability)

8.16.6. Key News

8.17 Reliance Industries

8.17.1. Company Overview

8.17.2. Key Executives

8.17.3. Operating Business Segments

8.17.4. Product Portfolio

8.17.5. Financial Performance (As per availability)

8.17.6. Key News

8.18 Indo Rama Synthetics

8.18.1. Company Overview

8.18.2. Key Executives

8.18.3. Operating Business Segments

8.18.4. Product Portfolio

8.18.5. Financial Performance (As per availability)

8.18.6. Key News

8.19 Aditya Birla Nuvo

8.19.1. Company Overview

8.19.2. Key Executives

8.19.3. Operating Business Segments

8.19.4. Product Portfolio

8.19.5. Financial Performance (As per availability)

8.19.6. Key News

8.20 Grasim Industries

8.20.1. Company Overview

8.20.2. Key Executives

8.20.3. Operating Business Segments

8.20.4. Product Portfolio

8.20.5. Financial Performance (As per availability)

8.20.6. Key News

Global Rayon Fibers Market Segmentation

Rayon Fibers Market by Type: Market Size & Forecast 2023-2030

• Viscose Rayon
• Modal Rayon
• Cupramonium Rayon
• Others

Rayon Fibers by Application: Market Size & Forecast 2023-2030

• Automotive & Transportation
• Personal Care
• Manufacturing
• Textile
• Healthcare
• Aerospace and Defense
• Others

Rayon Fibers by Geography: Market Size & Forecast 2023-2030

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• PT Teijin Fiber Indonesia
• PT Rayon International
• PT Pindo Deli Pulp & Paper
• PT Tifico Fiber Indnesia
• PT Asia Pacific Rayon
• Indorama Ventures
• Eastman Chemical
• Rayonier Advanced Materials
• Kelon Group
• Lenzing
• Shandong Ruyi Technology Group
• Zhejiang Shaoxing Xinfeng Group
• Jiangsu Sunshine Group, 
• China National Textile Group, Sateri
• Grasim Industries
• Reliance Industries
• Indo Rama Synthetics
• Aditya Birla Nuvo
• Grasim Industries