Lyocell Fiber Market By Product Type, Application, Region, Key Players and Forecast Till 2024

Global Lyocell Fiber Market Research Report and Forecast 2024

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Global Lyocell Fiber Market Overview: A new research report by IMARC Group, entitled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, estimates that the global lyocell fiber market was worth around US$ 941 Million in 2018. 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.

Lyocell Fiber Market Trends 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 sewage digestion or incineration after usage.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

In Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

These fibers are also suitable for sanitizing wipes and overnight bleaching in the food service sector.

Owing to the aforementioned factors, the market is further expected to reach a value of around US$ 1,305 Million by 2024, exhibiting a CAGR of 5.6% during 2019-2024.

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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.

Key Market Segmentation: Market Segmentation by Product • •

Staple Fiber Cross-Linked Fiber

The market has been bifurcated on the basis of product type into staple fiber and cross-linked fiber.

Amongst these, staple fibers are majorly preferred owing to their longer average fiber length which are easier to process and produce even yarns.

Market Segmentation by Application • •

Apparel Home Textiles

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Medical and Hygiene Automotive Filters Others

Based on application, apparel accounts for the majority of the market share, representing the largest segment. This can be attributed to the softness, wet strength and high absorbent properties of lyocell fiber. Apart from apparel, other major applications include home textiles, medical and hygiene, and automotive filters.

For more information, click here: https://www.imarcgroup.com/lyocell-fiber-market Market Segmentation by Region • • • • •

Asia Pacific North America Europe Middle East and Africa Latin America

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On the basis of geography, the market has been segregated as Europe, Asia Pacific, Latin America, North America, and Middle East and Africa. Currently, Asia Pacific represents the leading market due to flourishing textile industry and improving standards of living.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • •

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 Qingdao Textiles Group Fiber Technology Co., Ltd.

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Smartfiber AG Acelon Chemicals & Fiber Corporation

Browse Related Report Nylon Fiber Market Report: https://www.imarcgroup.com/nylon-fiber-market Polyester Fiber Market Report: https://www.imarcgroup.com/polyester-fiber-market

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