According to a new report published by MarkWide Research, titled, “Rayon Fibers Market,” the global market for rayon fibers is expected to exceed $6.3 billion by 2030, displaying a robust CAGR of 5.8% during the forecast period from 2023 to 2030.
Rayon fibers, a versatile and sustainable textile material, find applications in the fashion, home textiles, and non-woven industries. The market’s growth is driven by the increasing demand for eco-friendly and cost-effective fibers, innovations in rayon production, and consumer preference for sustainable clothing.
Key findings from the report:
- Eco-Friendly Textiles: Rayon fibers are favored for their biodegradability and minimal environmental impact compared to synthetic alternatives.
- Fashion and Apparel: The fashion industry increasingly incorporates rayon fabrics due to their softness, drape, and breathability.
- Non-Woven Applications: Rayon fibers are used in non-woven products such as wipes, hygiene products, and medical textiles.
- Market Competitors: Leading players in the rayon fibers market include Lenzing AG, Aditya Birla Group, and Sateri Holdings Limited, who continually innovate to meet evolving industry demands.
The report predicts substantial growth in the global rayon fibers market as sustainability and comfort become paramount in the textile industry. MarkWide Research’s comprehensive analysis provides insights into the market’s current landscape and future trends, empowering industry stakeholders to make informed decisions and capitalize on opportunities in the rayon fibers market.
MarkWide Research is a leading market research and consulting firm, providing in-depth analysis and strategic insights across various industries. With a team of experienced analysts, MarkWide Research is committed to delivering actionable intelligence, assisting clients in making informed business decisions and achieving sustainable growth.