Demand for Sustainable and High-Performance Fibers Accelerates Lyocell Fibers Market Growth
The global lyocell fibers market was valued at US$ 1.0 trillion in 2021. The market is anticipated to expand at a CAGR of 11.8% from 2022 to 2031 and is expected to surpass US$ 2.7 trillion by the end of 2031. Increasing demand for sustainable fashion, stringent environmental regulations, and growing use of bio-based fibers across textile, apparel, home furnishing, and medical applications are...
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