As per a new report published by Fact.MR, the Sales of lyocell fiber is poised to expand at a CAGR of around 11% over the next ten years.
Due to global warming, consumers are demanding more eco-friendly and recyclable products, and governments in many countries are also encouraging manufacturers to recycle. These are potential factors that are driving the sales of lyocell fiber. The fashion industry has seen a huge growth in the last half-decade, and it is projected to showcase continuous rise at a steady pace.Thereby, the sales of lyocell fiber will witness huge growth. Many prominent manufacturers in the fashion industry are going for lyocell fiber-based products because of their value-adding properties.
Apparel and footwear are manufactured using these fiber as they have vital advantages such as they have high strengths, they can be used in all kinds of climates, they are also very comfortable and most of these products are recyclable. Due to these advantages, the demand for lyocell fiber based apparels and footwear is increasing rapidly among consumers across the world. Lyocell fiber are extensively used in home textiles products such as curtains, carpets & upholstery, beddings, towels and others. Since lyocell fiber don’t react to water and they don’t shrink, thereby, these products are easy to dye and clean, owing to this the consumers are more inclined towards lyocell fiber based product. Recently, the medical industry has seen a rise in demand for lyocell fiber, this is due to the use of these fiber in the manufacturing of medical bandages and other medical dressing products. All these factors will give an influential boost to the sales of lyocell fiber.
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“Fashion industry is set to provide promising grounds for optimistic business development of lyocell fiber,” says a Fact.MR analyst
Key Companies Profiled
- Acegreen Eco-Material Co LTD
- Acelon Chemicals & Fiber Corp.
- Baoding Swan Chemical Fiber Groups Co. LTD
- China Populus Textile LTD
- Chonbang Co. LTD
- Grasim Industrial LTD
- Great Duksan Corp.
- Lenzing AG
- Shanghai Lyocell Fiber Development Co. LTD
Key Take aways from Market Study
- The lyocell fiber market is anticipated to add 2X value by 2031.
- South Asia & Oceana and East Asia accounts for largest market share of lyocell fiber, holding to more than 50% of the market value.
- Apparel hold the largest share under applications for the sales of lyocell fiber.
- Sales of lyocell fiber will see massive growth in the manufacturing of home textiles products.
- Increase in demand for lyocell fiber in footwear industry will provide a boost to economies of countries such as Indonesia, Thailand and Vietnam.
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Key Market Segments Covered
- By Fiber Type
- Staple Lyocell Fiber
- Filament Lyocell Fiber
- Others
- By Application
- Lyocell Fiber for Apparel
- Lyocell Fiber for Home Textiles
- Curtains
- Carpets & Upholstery
- Beddings
- Towels
- Others
- Lyocell Fiber for Medical Use
- Lyocell Fiber for Footwear
- Others
- Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Collaboration and Product Development Strategy by key players
Prominent players in the market such as Lenzing AG, Acegreen Eco-Material Co LTD, and Acelon Chemicals & Fiber Corp. have created a synergy in the demand and supply equation with apparel and footwear manufacturers. This collaborative network has streamlined the supply chain of lyocell fiber, set by relative surge from the upcoming demand for recyclable and more sustainable fiber. Vital players have been spending on research & development to come up with newer products based on lyocell fiber which are finding their consumption in various industries.These enhancements will drive the growth of lyocell fiber in the medium- to long-term forecast period.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global lyocell fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of fiber type (staple fiber, filament fiber, and others) and application (apparel {sportswear, denims, and others}, home textiles {curtains, carpets & upholstery, beddings, towels, and others}, medical, footwear, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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