Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A923
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Report Overview:

The global lyocell fiber market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Lyocell fiber 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 using the process of dry jet-wet spinning. Lyocell fiber exhibits similar properties as other cellulose fibers, including ramie, linen, viscose rayon and cotton. It is lightweight, absorbent, breathable, soft, wrinkle-resistant, durable, capable of replicating a range of textures like silk, leather and suede, and can also be dyed in various colors. Nowadays, manufacturers are adopting natural practices to produce lyocell and eliminating the use of chemicals in the production to obtain organic certification.

 

 
 

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Lyocell fabric is utilized in a wide range of industries, including fashion, textile, medical, and paper and pulp. Due to its versatility, lyocell fiber is used as a substitute for cotton and silk to make sportswear, shirts, bed linens, denim, T-shirts, trousers and towels. Its high absorbency profile makes it an ideal material for medical dressings. Apart from this, with the rising environmental concerns, the demand for lyocell fiber is escalating across the globe. Its main component, cellulose, is obtained from well-managed forests and its production does not generate by-products that are harmful to the health or the environment. Moreover, technological advancements have led to the manufacturing of lyocell fiber using advanced N-methyl morpholine-N-oxide (NMMO) technology, which is a simple, resource-conserving, and environment-friendly means of regenerating cellulose fiber.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global lyocell fiber market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product and application.

Breakup by Product:

 

 
 

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  • Staple Fiber
  • Cross Linked Fiber
     

Amongst these, staple fibers are the most preferred product, owing to their longer average fiber length, which makes it easier to process and produce even yarns.

Breakup by Application:

  • Apparel
  • Home Textiles
  • Medical and Hygiene
  • Automotive Filters
  • Others
     

Amongst these, apparel represents the largest segment as lyocell fiber is widely used in the industry for its softness and absorbent properties.

Regional Insights:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

Region-wise, Asia Pacific exhibits a clear dominance in the market owing to the improving living standards and flourishing textile industry in the region.

Competitive Landscape:

The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality.

Some of the leading players operating in the market are:

  • Lenzing AG
  • Acegreen Eco-Material Technology Co., Ltd.
  • Aditya Birla Group
  • Baoding Swan Fiber Co. Ltd.
  • Chonbang Co., Ltd.
  • Weiqiao Textile Company Limited
  • Zhejiang Yaojiang Industrial Group Limited
  • China Populus Textile Ltd.
  • Great Duksan Corp.
  • Qingdao Textiles Group Fiber Technology Co., Ltd. 
  • Smartfiber AG
  • Acelon Chemicals & Fiber Corp.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Lenzing AG, Acegreen Eco-Material Technology Co., Ltd., Aditya Birla Group, Baoding Swan Fiber Co. Ltd., Chonbang Co., Ltd., Weiqiao Textile Company Limited, Zhejiang Yaojiang Industrial Group Limited, China Populus Textile Ltd., Great Duksan Corp., Qingdao Textiles Group Fiber Technology Co., Ltd., Smartfiber AG and Acelon Chemicals & Fiber Corp.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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