The Global Rayon Market was valued at USD 1,485.60 million in 2023 and is projected to reach USD 2,263.46 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.20% during the forecast period (2023-2032). This sustainable fiber revolution is being driven by increasing demand for eco-friendly textiles, innovative production methods, and the material’s unique ability to mimic luxury fabrics at accessible price points.

As the textile industry transforms toward circular economies and sustainable growth, the spotlight is on the key manufacturers who are driving innovation in cellulose-based fibers. In this analysis, we profile the Top 10 Companies in the Rayon Industry—a mix of established chemical giants, specialty fiber producers, and sustainability pioneers shaping the future of global textile materials.

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🔟 1. Aditya Birla Group

Headquarters: Mumbai, India
Key Offering: Viscose Staple Fiber, Modal, Lyocell

The Aditya Birla Group is the world’s largest viscose producer through its Grasim Industries subsidiary, with 1.3 million tonnes annual capacity. Their Liva brand has become synonymous with sustainable rayon fabrics in global apparel markets.

Sustainability Initiatives:

• Pioneered Eco-Certified viscose production

• Closed-loop water systems across manufacturing

• Targeting 30% reduction in carbon footprint by 2030

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9️⃣ 2. Lenzing AG

Headquarters: Lenzing, Austria
Key Offering: TENCEL™ Lyocell, Modal, Viscose

Lenzing sets the global standard for sustainable rayon production with its botanic fiber technologies. The company supplies specialty cellulose fibers to over 100 countries with a strong focus on closed-loop production systems.

Sustainability Initiatives:

• Carbon-neutral production roadmap by 2050

• EU Ecolabel certified manufacturing

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8️⃣ 3. Sateri Holdings

Headquarters: Shanghai, China
Key Offering: Viscose Staple Fiber, High-Tenacity Rayon

As China’s largest viscose producer, Sateri operates with 1.4 million tonne capacity across Asia. The company specializes in high-performance rayon for both apparel and industrial applications.

Sustainability Initiatives:

• 100% certified sustainable wood sourcing

• Industrial ecology parks with wastewater recycling

Download FREE Sample Report: Rayon Market – View in Detailed Research Report

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7️⃣ 4. Tangshan Sanyou Group

Headquarters: Tangshan, China
Key Offering: Viscose Fiber, Rayon Industrial Yarn

This Chinese chemical giant operates one of the world’s largest viscose fiber production bases with vertically integrated operations from pulp to finished fabric.

Sustainability Initiatives:

• Advanced chemical recovery systems (>90% recovery rate)

• Dual-carbon strategic plan implementation

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6️⃣ 5. Kelheim Fibres

Headquarters: Kelheim, Germany
Key Offering: Specialty Viscose, Olea Fiber

This German manufacturer specializes in high-value viscose fibers for technical and hygiene applications, with patented fiber modification technologies.

Sustainability Initiatives:

• 100% PEFC certified pulp sourcing

• Pioneered chlorine-free bleaching processes

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5️⃣ 6. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Naia™ Cellulosic Fiber, Acetate Fiber

Eastman’s Naia fiber represents next-gen cellulose yarn made through an innovative solvent spinning process with lower environmental impact.

Sustainability Initiatives:

• 60% lower water consumption vs conventional viscose

• 65% renewable energy usage in production

Read Full Report: Rayon Market – View in Detailed Research Report

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4️⃣ 7. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: High-Wet-Modulus Viscose, Rayon Cord

Mitsubishi’s rayon division produces specialty fibers for technical textiles and tire cord applications, with advanced fiber engineering capabilities.

Sustainability Initiatives:

• Biomass-based raw material development

• Zero liquid discharge systems

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3️⃣ 8. Jilin Chemical Fiber Group

Headquarters: Jilin, China
Key Offering: Carbon Fiber Precursor, High-Purity Viscose

This Chinese state-owned enterprise has emerged as a major viscose producer with strong capabilities in high-tech fiber applications.

Sustainability Initiatives:

• Circular production park infrastructure

• Waste-to-energy conversion systems

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2️⃣ 9. Bohi Industry

Headquarters: Shandong, China
Key Offering: Bamboo Viscose, Cotton-Like Rayon

Bohi specializes in bamboo-based viscose production, serving both domestic Chinese textile mills and international fashion brands.

Sustainability Initiatives:

• Bamboo plantation management system

• ZDHC wastewater compliance

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1️⃣ 10. Xinjiang Zhongtai Chemical

Headquarters: Xinjiang, China
Key Offering: Standard Viscose, High-Tenacity Fiber

This Chinese chemical conglomerate operates large-scale viscose production integrated with upstream pulp manufacturing.

Sustainability Initiatives:

• Alkali recovery rate exceeding 97%

• Waste heat utilization systems

Read Full Report: Rayon Market – View in Detailed Research Report

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🌍 Outlook: The Future of Rayon is Sustainable Innovation

The rayon market is undergoing a fundamental transformation. While traditional viscose still dominates production volume, the industry is investing billions in clean production technologies, circular systems, and next-gen cellulosic fibers.

📈 Key Trends Shaping the Market:

• Accelerated adoption of closed-loop lyocell processes

• Regulatory focus on responsible chemical management

• Brand commitments to sustainable viscose sourcing

• Emerging applications in medical and technical textiles

Get Full Report Here: https://www.24chemicalresearch.com/reports/286799/global-rayon-forecast-market-2025-2032-843

The companies profiled above are not just supplying global textile chains—they’re redefining sustainable fiber production for the 21st century.