Lyocell is a type of rayon produced from bleached wood pulp, also known as dissolving pulp, which contains cellulose. First developed in 1972, this fiber is manufactured by using the process of dry jet-wet spinning. These fibers exhibit similar properties as other cellulose fibers which include ramie, linen, viscose rayon and cotton. They are absorbent, soft, wrinkle resistant, strong, can be dyed in various colours and are capable of replicating a range of textures like silk, leather and suede. According to the latest report by IMARC Group, titled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global lyocell fiber market reached a value of around US$ 941 Million in 2018.
Over the past few years, the rapid and continuous changes in fashion trends are one of the major factors driving the growth of the global lyocell fiber market. In addition to this, several modern fibers and technologies have been developed due to which the usage of better quality materials has increased. This has, in turn, contributed towards an augmented demand for lyocell fiber across the globe. Moreover, there has been an increase in the demand for biodegradable fibers as well as in the awareness regarding the utilisation of sterilised products for healthcare purposes. These are some of the other factors driving the growth of the global lyocell fiber market. Looking forward, the market value is projected to reach around US$ 1,305 Million by 2024, expanding at a CAGR of 5.6% during 2019-2024.
This report provides a deep insight into the global lyocell fiber market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lyocell fiber industry in any manner.
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