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North America Lyocell Fiber Market to Reach US$ 294.5 Million by 2027, Propelled by the Extensive Product Utilization in the Apparel and Home Textile Industry

Published on Nov 07, 2022

The latest report by IMARC Group, titled “North America Lyocell Fiber Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the North America lyocell fiber market size reached US$ 199.4 Million in 2021. Lyocell fiber is a kind of regenerated cellulose fiber produced from natural cellulose present in wood pulp through the procedure of dry jet-wet spinning. It possesses properties similar to other cellulose fibers, such as linen, cotton, viscose rayon, and ramie. It is capable of simulating various textures, including leather, silk, and suede and can be dry-cleaned or washed. In recent years, lyocell fiber is gaining popularity as it can be blended with cotton, silk and linen, as it is manufactured with non-toxic and organic solvents.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will further be integrated into the report.

North America Lyocell Fiber Market Trends:

One of the primary factors driving the market is the extensive utilization of lyocell fibers in the apparel and home textile industry. Besides this, lyocell fibers find application in the food and service sector for sanitizing wipes and overnight bleaching. Additionally, the rising environmental consciousness among the masses is leading to increasing the demand for eco-friendly and biodegradable fibers, thereby creating a positive market outlook. Other than this, fabrics produced from lyocell can be disposed of by sewage digestion, landfilling, or incineration. Furthermore, lyocell fibers are produced from non-toxic solvents, such as amine oxide. As a result, they are used for producing medical-grade non-woven products, which is positively influencing the market growth. Moreover, rapid product development and product differentiation in the medical apparel sector is creating lucrative growth opportunities for key players across the region. Looking forward, IMARC Group expects the market value to reach US$ 294.5 Million by 2027, expanding at a CAGR of 6.51% during the forecast period (2022-2027).

Market Summary:

  • Based on the product, the market has been bifurcated into staple and cross-linked fiber.
  • On the basis of the application, the market has been segregated into apparel, home textiles, medical and hygiene, automotive filters, and others.
  • Region-wise, the market has been classified into the United States, Canada, and Mexico.
  • The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
     

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