Lyocell Fiber Market Will Record an Upsurge in Revenue during 2022-2028
According to Stratview Research, the lyocell fiber market size is expected to grow from USD 916.09 million in 2021 to USD 1606.62 million by 2028, at a CAGR of 8.24% during the forecast period. The growth of the market is attributed to the increasing demand for sustainable and eco-friendly fibers, growing popularity of lyocell fiber in apparel and home textile applications, and rising demand for lyocell fiber in the medical and hygiene sectors.
Lyocell is a type of rayon fiber that is produced from dissolving pulp, which is made from wood, such as eucalyptus or bamboo. Lyocell fiber is known for its softness, strength, and moisture-wicking properties. It is also a sustainable fiber, as the production process does not use harmful chemicals.
The increasing demand for sustainable and eco-friendly fibers is one of the key drivers of the growth of the lyocell fiber market. Consumers are becoming more aware of the environmental impact of their clothing choices, and they are increasingly looking for sustainable alternatives to traditional fibers, such as cotton and polyester. Lyocell is a good choice for consumers who are looking for a sustainable fiber that is also soft, strong, and moisture-wicking.
The growing popularity of lyocell fiber in apparel and home textile applications is another key driver of the market growth. Lyocell fiber is a popular choice for apparel applications, such as shirts, blouses, pants, and dresses. It is also a good choice for home textile applications, such as sheets, pillowcases, and towels. Lyocell fiber is known for its soft, comfortable feel, and it is also wrinkle-resistant and moisture-wicking.
The rising demand for lyocell fiber in the medical and hygiene sectors is also contributing to the growth of the market. Lyocell fiber is a popular choice for medical applications, such as bandages, wound dressings, and surgical gowns. It is also a good choice for hygiene applications, such as diapers and feminine hygiene products. Lyocell fiber is known for its soft, absorbent, and breathable properties.
The global lyocell fiber market is segmented by product, application, and region.
By product, the market is segmented into staple fiber and cross-linked fiber. Staple fiber is the most common type of lyocell fiber, and it is used in a variety of applications, such as apparel, home textile, and medical. Cross-linked fiber is a more specialized type of lyocell fiber, and it is used in applications that require high strength and durability, such as industrial textiles and automotive filters.
By application, the market is segmented into apparel, home textile, medical and hygiene, and industrial. Apparel is the largest application segment for lyocell fiber, and it is expected to continue to grow during the forecast period. Home textile is another major application segment for lyocell fiber, and it is expected to grow at a significant rate during the forecast period. Medical and hygiene is a growing application segment for lyocell fiber, and it is expected to grow at a high rate during the forecast period.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for lyocell fiber, and it is expected to continue to grow during the forecast period. This is due to the growing demand for sustainable and eco-friendly fibers in the region, as well as the growing popularity of lyocell fiber in apparel and home textile applications. North America and Europe are also major markets for lyocell fiber, and they are expected to grow at a significant rate during the forecast period.
The key players in the global lyocell fiber market are:
· Lenzing AG,
· Aditya Birla Group,
· Acelon Chemicals & Fiber,
· Sateri Holdings Limited,
· Smartfiber AG,
· Grasim Industries Limited.
These companies are engaged in the production, marketing, and distribution of lyocell fiber.
The lyocell fiber market is a dynamic and growing market. The market is expected to grow at a significant rate during the forecast period, due to the factors mentioned above. The key players in the market are focusing on innovation and product development to meet the growing demand for lyocell fiber. They are also expanding their production capacity to meet the growing demand.
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