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The global lyocell fiber market reached a value of US$ 1.04 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 1.6 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global lyocell fiber market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on product and application.
Breakup by Product:
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:
Amongst these, apparel represents the largest segment as lyocell fiber is widely used in the industry for its softness and absorbent properties.
Regional Insights:
Region-wise, Asia Pacific exhibits a clear dominance in the market owing to the improving living standards and flourishing textile industry in the region.
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:
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| 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$ 2299 Five User License: US$ 3399 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) |
The global lyocell fiber market was valued at US$ 1041.40 Million in 2020.
We expect the global lyocell fiber market to exhibit a CAGR of 7.20% during 2021-2026.
The increasing utilization of lyocell fabric as a substitute for cotton and silk in the production of sportswear, shirts, bed linens, denim, T-shirts, trousers, towels, etc., is currently driving the global lyocell fiber market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of various end use industries for lyocell fiber.
Based on the product, the global lyocell fiber market has been segregated into staple fiber and cross linked fiber. Currently, staple fiber represents the largest segment.
Based on the application, the global lyocell fiber market can be categorized into apparel, home textiles, medical and hygiene, automotive filters, and others. Among these, apparel currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global lyocell fiber market include 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.
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