Lyocell Fiber Market Size Share, Insights and Forecast 2023-2028
According to the latest report by IMARC Group, titled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the lyocell fiber market trends.
The global lyocell fiber market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028. Lyocell fiber is a type of regenerated cellulose fiber that is produced by dissolving bleached wood pulp and then reconstituting it by the dry jet-wet spinning technique. It has similar properties to other cellulose fibers, including linen, cotton, ramie, and viscose rayon. Apart from this, it is more lightweight, soft, and wrinkle-resistant, due to which it is largely used as an alternative to cotton and silk in the textile sector. Currently, lyocell fiber is available in staple and cross-linked types.
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Global Lyocell Fiber Market Drivers:
One of the key factors driving the lyocell fiber market growth is the extensive product utilization across the medical, fashion, paper, pulp, and textile industries owing to its high tenacity, absorption efficiency and non-toxic properties. In the medical sector, manufacturers are rapidly inclining toward lyocell fiber as the preferred material to manufacture medical-grade non-woven products, such as diapers and surgical coats, which, in turn, is supporting the market growth. Additionally, the rising demand for biodegradable fibers is acting as another growth-inducing factor as lyocell fiber is easy to dispose of through landfills. Apart from this, increasing research and development (R&D) activities and the adoption of green manufacturing techniques are creating a positive outlook for market growth.
Lyocell Fiber Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global lyocell fiber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Lenzing AG
Acegreen Eco-Material Technology Co., Ltd.
Aditya Birla Group
Baoding Swan Fiber Co. Ltd.
Chonbang Co., Ltd.
Weiqiao Textile Company Limited
Zhejiang Yaojiang Industrial Group
China Populus Textile Ltd.
Great Duksan Corp.
Qingdao Textiles Group Fiber Technology Co., Ltd.
Smartfiber AG
Acelon Chemicals & Fiber Corporation
Key Market Segmentation:
The report has segmented the global lyocell fiber market on the basis of product, application and region.
Breakup by Product:
Staple Fiber
Cross-Linked Fiber
Breakup by Application:
Apparel
Home Textiles
Medical and Hygiene
Automotive Filters
Others
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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