As of 2023, the global rayon market is estimated to be valued at approximately USD 1,485.60 million. The market is projected to grow significantly, with a compound annual growth rate (CAGR) of 6.20% during the forecast period, ultimately reaching USD 2,263.46 million by 2032. This growth can be attributed to the increasing demand for rayon in diverse sectors, including apparel, home furnishings, and industrial applications.
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