Global Lyocell Fiber Market Size, Analysis and Forecast
Market research studies or revisions carried out in large-scale Lyocell Fiber Market reports help businesses gain knowledge about what already exists in the market, what the market is looking forward to, the competitive background and the steps to be taken to outperform the competitors. This market report considers various factors that have a direct or indirect influence on business growth which includes historical data, current market trends, environment, technological innovations, upcoming technologies, and technical advancements in the Lyocell Fiber s Market industry. Extensive Lyocell Fiber Market research reports prove to be the backbone of business success in any field.
Different markets, market strategies, trends, future products, and rising opportunities are taken into account while studying the market and preparing the Lyocell Fiber Market report. The fact that competitive analysis is a key aspect of any market research report is carefully explored in this market report and therefore many points are covered in this report including strategic profiling of key players in the market, analysis of core competencies of key players, and drawing of the competitive landscape for market. The universal Lyocell Fiber s Market analysis report offers a continuous forward-looking growth program, to ensure business success which is critical for organizations.
Global Lyocell Fiber Market was valued at USD 1.13 billion in 2021 and is expected to reach USD 2.00 billion by 2029, registering a CAGR of 7.39% in 2022-2029
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eport Scope and Market Segmentation
REPORT METRIC
DETAILS
Forecast Period
2022 to 2029
Base Year
2021
Historic Years
2020 (Customizable to 2014 - 2019)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
Type (Staple Fibers, Cross-linked Fibers), Application (Apparel, Home Textiles, Medical, Footwear, Others)
Countries Covered
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
Lenzing AG (Austria), Aditya Birla Management Corporation Pvt. Ltd. (India), Nien Foun Fiber Co., Ltd. (Taiwan), CHONBANG Co., LTD. (South Korea), Weiqiao Textile Company Limited (China), Acelon Chemicals & Fiber (China), smartfiber AG (Germany), Shangtex Holding Co., Ltd (China), Zhejiang Province Yaojiang Industry Group Co., Ltd.(China), ACEGREEN ECO-MATERIAL TECHNOLOGY CO., LTD. (Taiwan), Baoding swan Fiber Co., Ltd. (China), DUKSAN COMPANY ( South Korea), CityVictor Corp, INVISTA (U.S.), Grasim Industries Limited (India)
Market Opportunities
Manufacturers are using natural practices to produce lyocell and eliminating the use of chemicals in the process
Technological advancements have enabled the production of lyocell fibre using advanced N-methyl morpholine-N-oxide (NMMO) technology
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Market Definition
Lyocell fiber is basically a type of rayon made from cellulose-containing bleached wood pulp, also known as dissolving pulp. Other cellulose fibers, such as ramie, linen, viscose rayon, and cotton, have similar properties to lyocell. It's light, absorbent, breathable, soft, wrinkle-resistant, and durable, and it can mimic a variety of textures such as silk, leather, and suede. It's also dye able in a variety of colors. It is used in various industries, including the fashion, textile, medical, paper, and pulp industries. Lyocell fiber is used as a substitute for cotton and silk to make sportswear, shirts, bed linens, denim, t-shirts, pants and towels, due to its versatility.
Lyocell Fiber Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
High Utilization of Lyocell Fiber
Lyocell fabric is used in a variety of industries, such as fashion, textiles, medical, and paper and pulp. Due to its versatility, Lyocell fibre is used as a substitute for cotton and silk in sportswear, shirts, bed linens, denim, T-shirts, trousers, and towels. It is ideal for medical dressings because of its high absorbency profile. Therefore, the high usage of the lyocell fabric is estimated to accelerate the market growth.
High Demand due to Eco-Friendliness and Sustainability
Aside from that, as environmental concerns grow, the demand for lyocell fibre is increasing around the world. Lyocell fabric was a turning point in the evolution of environmentally friendly and sustainable textiles. It is a man-made fibre made from wood pulp. It's a cellulosic fibre made through the solvent spinning process. The natural polymer cellulose can be found in the cells of plants. Hardwood trees provide cellulose for lyocell fibre production. Water, solvent, and a finishing agent are among the other ingredients used in the process. Fabrics get a lot of luster and color depth from this product. Thus, its main component, cellulose, comes from well-managed forests, and its manufacture produces no harmful by-products for human health or the environment. As a result, the demand for the lyocell fabric is estimated to have skyrocket over forecasted period.
The increasing awareness about the advantages of lyocell fibre such as lightweight, absorbent, breathable, wrinkle-resistant, durable, soft, capable of replicating a range of textures like silk, leather and suede, and can also be dyed in various colors, which will further propel the growth rate of lyocell fiber market. The rising demand for high-quality clothing will boost the lyocell fibre market's revenue.
Opportunities
Technological Advancements and Environmental-Friendly Practices
Furthermore, technological advancements have enabled lyocell fiber production using advanced N-methyl morpholine-N-oxide (NMMO) technology, which is a simple, resource-conserving, and environmentally friendly method of cellulose fibre regeneration. This factor is projected to extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, to obtain organic certification, manufacturers are using natural practices to produce lyocell and eliminating the use of chemicals in the process, which provides market growth opportunities.
Key questions answered in the Lyocell Fiber Market are:
What is Lyocell Fiber Market?
What was the Lyocell Fiber Market size in 2022?
What are the different segments of the Lyocell Fiber Market?
What growth strategies are the players considering to increase their presence in Lyocell Fiber Market?
What are the upcoming industry applications and trends for the Lyocell Fiber Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Lyocell Fiber Market?
What major challenges could the Lyocell Fiber Market face in the future?
What segments are covered in the Lyocell Fiber Market?
Who are the leading companies and what are their portfolios in Lyocell Fiber Market?
What segments are covered in the Lyocell Fiber Market?
Who are the key players in the Lyocell Fiber Market?
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