Westford, USA, July 17, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, the global lyocell fiber market is witnessing significant expansion in response to growing environmental concerns and a shift towards sustainable practices. Lyocell fabric has emerged as a pivotal development in sustainable and green textiles. This innovative material is a synthetic fiber derived from pulped wood, specifically sourced from sustainably managed forests.
Browse in-depth TOC on the "Lyocell Fiber Market"
- Pages - 237
- Tables - 65
- Figures – 75
The lyocell fiber market is poised to experience rapid growth, driven by the increasing awareness of its numerous benefits. Lyocell fabric offers a unique combination of desirable properties, making it an attractive choice for both consumers and manufacturers. Its lightweight nature ensures comfortable wear, especially in warm climates or during physical activities.
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Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 1111.78 Million |
| 2030 Value Projection | USD 2096.12 Million |
| CAGR | 7.3% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in the Lyocell Fiber Market
- Lenzing AG
- Aditya Birla Group
- Smartfiber AG
- China Populus Textile Ltd.
- Baoding Swan Fiber Co., Ltd.
- Great Duksan
- Acelon Chemicals & Fiber Corporation
- Nien Foun Fiber
- Weiqiao Textile Company Limited
- Zhejiang Yaojiang Industrial Group
- Sateri Holdings Limited
- Birla Cellulose
- Nanjing Chemical Fiber Co., Ltd.
- Chonbang Co. Ltd.
- Grasim Industries Limited
- Acegreen Eco-Material Technology Co., Ltd.
- Shandong Silver Hawk Chemical Fibre Co., Ltd.
- Tangshan Sanyou Xingda Chemical Fiber Co., Ltd.
- China Bambro Textile (Group) Co., Ltd.
- Kelheim Fibres GmbH
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Staple Fiber Segment is Expected to Grow in the Market Due to its Crucial Role in the Creation of Durable Items
The staple fiber market segment has solidified its position as the global lyocell fiber market leader, retaining most of the market share. Staple fiber's dominance can be attributed to its crucial role in creating durable and versatile items, such as blankets, jackets, rugs, and wrap threads.
The markets in North America are anticipated to exhibit the fastest growth rate in the lyocell fiber market, with a prominent CAGR exceeding 7% from 2023 to 2030. The region's remarkable growth can be attributed to the surge in sales volume for lyocell fiber products.
Cross-Linked Fiber Segment is Expected to Dominate the Market Due to the Rising Use in the Production of Jersey Fabrics
The demand for the cross-linked fiber segment is expected to experience significant growth, driven by its versatile applications in various industries. Particularly in the textile sector, cross-linked fiber finds extensive use in the production of jersey fabrics, knitwear, and non-woven fabrics. Its ability to enhance the durability and strength of materials makes it a preferred choice for these applications.
Regional markets in Asia-Pacific has emerged as the dominant player in the global lyocell fiber market, commanding a market share of over 50%. The region's leading position can be attributed to the increasing popularity of lyocell fibers, particularly in nations such as China and India, where rapid population growth and urbanization drive the demand for sustainable and eco-friendly textiles.
A comprehensive analysis of the major players in the lyocell fiber market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
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Key Developments in the Lyocell Fiber Market
- Lenzing AG recently revealed its latest addition to the sustainable product line-up for the denim sector - matte TENCEL-branded lyocell fibers. This innovative fiber type is specifically designed to cater to denim applications, offering a distinct advantage in the indigo-dyed denim fabric market. The primary feature of these matte fibers lies in their ability to disperse light and effectively reduce gloss, resulting in a matte appearance on denim fabrics.
Key Questions Answered in Lyocell Fiber Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?
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