Lyocell Fiber Market Demonstrates A Spectacular Growth By 2024-2030
The Lyocell fiber market refers to the industry involved in the production, distribution, and sale of Lyocell fibers, which are a type of cellulosic fiber derived from wood pulp. Lyocell fibers are known for their softness, strength, versatility, and eco-friendly characteristics, making them increasingly popular in various textile and nonwoven applications.
Some of the key players profiled in the study are Lenzing AG (Austria), Aditya Birla Management Corporation Pvt. Ltd. (India), Nien Foun Fiber Co., Ltd. (Taiwan), CHONBANG Co., LTD. (South Korea), Weiqiao Textile Company Limited (China), Acelon Chemicals & Fiber (China), smartfiber AG (Germany), Shangtex Holding Co., Ltd (China), Zhejiang Province Yaojiang Industry Group Co., Ltd. (China), ACEGREEN ECO-MATERIAL TECHNOLOGY CO., LTD. (Taiwan), Baoding swan Fiber Co., Ltd. (China), DUKSAN COMPANY (South Korea), INVISTA (United States), Grasim Industries Limited (India).
According to HTF Market Intelligence, the Global Lyocell Fiber market to witness a CAGR of 5.7% during forecast period of 2024-2030. Global Lyocell Fiber Market Breakdown by Application (Apparel, Sportswear, Denims, Others, Home Textiles, Curtains, Others) by Type (Staple Fibers, Cross-linked Fibers) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 1.3 Billion.
Market Trends:
- Adoption of Lyocell fiber in various textile applications including apparel, home textiles, and nonwoven fabrics.
- Development of Lyocell blends with other fibers like cotton, polyester, and wool for enhanced properties.
Market Drivers:
- Increasing demand for sustainable and eco-friendly fibers in the textile industry.
- Advantages of Lyocell fiber such as softness, breathability, moisture-wicking, and biodegradability.
Market Opportunities:
- Market penetration in regions with increasing awareness and demand for sustainable textiles.
- Collaboration with fashion brands and retailers to promote Lyocell-based products.
Market Restraints:
- Cost considerations as Lyocell fiber may be relatively more expensive compared to conventional fibers.
- Limited availability of Lyocell fiber compared to other textile fibers like cotton and polyester.
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