According to IMARC Group’s latest report, titled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global lyocell fiber market reached a value of US$ 1.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.71 Billion by 2027, exhibiting at a CAGR of 6.97% during 2022-2027. Lyocell is a type of man-made fiber derived from the cellulose of bleached wood pulp. Popularly known as the third-generation cellulose fiber, lyocell was first developed in 1972 by the process of dry jet-wet spinning. Lyocell fibers are strong but soft, highly absorbent, wrinkle-resistant and capable of replicating an array of textures like leather, suede and silk. Owing to these properties, lyocell fibers are utilized for manufacturing a wide range of products such as clothes, bedsheets, carpets, curtains, sportswear, surgical equipment, medical gloves, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
Nowadays, lyocell fibers are being preferred over other type of fibers, such as cotton and rayon, on account of their tenacity and absorption efficiency. Owing to this, they are widely used in the apparel and home textile industries. Apart from this, the usage of lyocell fiber has gained popularity among the manufacturers due to an increasing demand for eco-friendly and biodegradable cellulose fibers. The fabrics made from lyocell can be easily disposed by landfilling, sewage digestion or incineration after usage. Further, unlike synthetic fibers which require toxic solvents, the production of lyocell fibers includes non-toxic solvents such as amine oxide. Additionally, as lyocell fibers are free from any toxic compounds, they are preferred for the production of medical-grade non-woven products. These fibers are also suitable for sanitizing wipes and overnight bleaching in the food service sector.
Competitive Landscape With Key Players:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality.
Some of the leading players operating in the market are:
- 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 Limited
- China Populus Textile Ltd.
- Great Duksan Corp.
- Qingdao Textiles Group Fiber Technology Co., Ltd.
- Smartfiber AG
- Acelon Chemicals & Fiber Corp.
Key Market Segmentation:
Breakup by Product:
- Staple Fiber
- Cross Linked Fiber
Breakup by Application:
- Apparel
- Home Textiles
- Medical and Hygiene
- Automotive Filters
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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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