According to the latest report by IMARC Group, 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 fiber represents a form of rayon that consists of cellulose fiber. It is obtained by dissolving or bleaching the wood pulp containing cellulose and then rebuilding it through the jet-wet spinning procedure. As compared to other cellulose fibers, such as linen, ramie, cotton, and viscose, lyocell fiber is more lightweight, soft, breathable, durable and exhibits better wrinkle-resistant properties. Apart from this, it is eco-friendly, smooth and can be replicated into several textures, including leather silk and suede. Consequently, lyocell fiber finds extensive applications in the manufacturing of apparel, home textiles, bed linens, and sportswear.
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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Global Lyocell Fiber Market Drivers:
The widespread adoption of lyocell fiber across various industrial verticals can be attributed to the increasing need for versatile and sustainable cellulose fiber to fabricate multiple, non-woven products. This, in turn, represents the prime factor driving the market growth. Additionally, the rapid expansion in the manufacturing industry has facilitated the adoption of n-methyl morpholine-N-oxide (NMMO) as a solvent for direct dissolution of cellulose in the lyocell-making process, while conserving resources, which is propelling the market growth. Other factors, such as rising environmental concerns and strategic collaborations amongst key players for engineering high-performance, eco-friendly fabrics, including lyocell fiber, are further contributing to the market growth.
Lyocell Fiber Market 2022-2027 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 (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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