Dublin, July 12, 2021 (GLOBE NEWSWIRE) -- The "Lyocell Fiber Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
In 2019, the Lyocell Fiber Market was estimated to be worth over USD 970 million, and it is expected to rise at a compound annual growth rate over 7% for the forecasted period. The rise is mostly attributable to the increasing demand for sustainable fabrics. This report covers all the quantitative aspects of the Lyocell Fiber Market and also talks about its key drivers, the challenges it faces, the growth opportunities present in the market, and its future prospects.
Lyocell Fiber Market: Overview
Lyocell is a rayon fabric. It's made of cellulose fiber, which is formed by dissolving pulp and then spinning it dry jet-wet. This process was first developed in 1972 by American Enka, a rayon fiber manufacturer. However, the fabric was created for the first time in 1980s by Courtaulds Fibers, a fabric manufacturer. Unlike viscose rayon, lyocell rayon does not include hazardous carbon disulfide, which is damaging to both employees and the environment. The fabric is used in a wide range of industries, including the fashion, the fabric industry, the medical industry, the pulp industry and the paper industry. Lyocell fiber is so versatile, that it can act as a substitute for cotton, silk, cotton blends, and even nylon in the production of sportswear, shirts, bed linens, denim, t-shirts, pants, and towels. It is airy, absorbent, long-lasting, soft breathable fabric.
The market has been categorized and sub-categorized on the basis of Type, Application and Regional Basis. On the basis of Type, staple fiber is expected to dominate owing to its growing demand in the textile industry for the production of denims, towels, t-shirts and other apparels. Filament fibers are expected to increase at a CAGR of about 10 per cent as a result of the continued increase in denim demand. Increased production costs for filament fibers, however, will turn textile manufacturers into lyocell fibers. While viewing this market on the basis of application, apparel presided the market with over 45% share for the year 2020.
ECO Concern is Propelling Growth While Cost Issues are Challenging the Market Growth
The Lyocell fiber market is growing at a considerable pace due to the increasing concern about environmental degradation. With the growing awareness for the environment, people are turning towards natural alternatives for their personal care needs. As a result, many consumers are looking for natural product alternatives. The greater durability of the fabrics is also expected to be a chance for industrial growth. Economic factors such as an increase in per capita income and national GDP are also key factors driving the demand for Lyocell fibers in home textiles.
The major drawback of lyocell fiber production is its high cost. The fiber itself can be very expensive to produce. The processing of lyocell fibers takes time and energy which can't be combined with an eye towards profit-making. Furthermore, because of the failure to use advanced technology in the production of lyocellular fibers, lack of awareness, undeveloped sales channels can hamper market growth.
Lyocell Fiber Market: Markets and Key Players
On the basis of Regional Segmentation, Lyocell Fiber Market is divided into North America, Latin America, Europe, Asia Pacific, Middle East and Africa, and Rest of the World.
Lyocell Fiber market is experiencing phenomenal growth owing to increasing disposable income of Asian people. With a market share of over 50%, Asia-Pacific led the global market. Lyocell Fibers are becoming more popular in the area, owing to the rising population and urbanization in nations like China and India. In terms of growth, North America is expected to grow at the quickest rate, with a compound annual growth rate over 7% between 2021 and 2029 owing to increased sales volume for Lyocell fiber products. In terms of production, Europe is a significant region in the global lyocell fibers market owing to the presence of highly advanced textile industries. Germany is expected to be a highly profitable market for lyocell fibers in Europe.
Major players of Lyocell fiber Market are Lenzing AG, Acegreen Eco-Material Technology Co. Ltd., Aditya Birla Group, Baoding Swan Fiber Co. Ltd., China Populus Textile Ltd., Acelon Chemicals & Fiber Corp, and Smartfiber AG. Industry leaders are targeting on developing Research and Development activities, new product launches. Other players are Zhejiang Yaojiang Industrial Group Limited, Chonbang Co. Ltd, Great Duksan Corp.
Key Topics Covered:
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Lyocell Fiber Market: Production Process
3.1. Overview
3.2. Raw material requirements
3.3. Production process
3.4. Key Success and Risk Factors
Chapter 4. Lyocell Fiber Market: Market Dynamics and Future Outlook
4.1. Market Overview
4.2. Current Scenario: New Product Launches, Increase in Animal Free Testing
4.3. Drivers
4.3.1. Increased product demand in the apparel manufacturing industry
4.3.2. Environmental friendly and biodegradable nature
4.4. Challenges
4.4.1. More expensive than other eco-friendly fabrics
4.4.2. Low surface energy, making dyeing difficult
4.5. Opportunities
4.6. Attractive Investment Proposition, by Geography, 2020
4.7. Competitive Landscape (Key Players)
4.7.1. Mergers and Acquisition Analysis
4.7.2. Agreements, Collaborations and Partnership
4.7.3. New Product Launches
Chapter 5. Lyocell Fiber Market, By Type, 2019 - 2029 (US$ Mn)
5.1. Overview
5.2. Staple Fiber
5.3. Cross-Linked Fiber
5.4. Others
Chapter 6. Lyocell Fiber Market, By Application, 2019 - 2029 (US$ Mn)
6.1. Overview
6.2. Apparel
6.2.1. Sportswear
6.2.2. Denims
6.2.2. Others
6.3. Home Textile
6.3.1. Curtains and Carpets
6.3.2. Bedding
6.3.3. Towels
6.3.4. Others
6.4. Medical and Hygiene
6.5. Footwear
6.6. Automotive Filters
6.7. Others
Chapter 7. Lyocell Fiber Market, By Geography, 2019 - 2029 (US$ Mn)
7.1. Definition & Scope
7.2. Regional Market Share Analysis, 2019 & 2029
7.3. Regional Market Dashboard
7.4. Regional Market Snapshot
7.5. Regional Market Share Analysis 2019 to 2029
7.5.1. North America
7.5.2. Europe
7.5.3.Asia Pacific
7.5.4. Latin America
7.5.5.Middle East and Africa
7.6. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
7.6.1. North America
7.6.2. Europe
7.6.3. Asia Pacific
7.6.4. Latin America
7.6.5. Middle East and Africa
7.7. Market Size, & Forecasts, Revenue and Trend Analysis, 2019 to 2029
Chapter 8. North America Lyocell Fiber Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
8.1. North America Lyocell Fiber Market Analysis, 2019-2029
8.2. North America Lyocell Fiber Market, by type, 2019 - 2029 (US$ Mn)
8.3. North America Lyocell Fiber Market, by application, 2019 - 2029 (US$ Mn)
8.4. North America Lyocell Fiber Market, by region, 2019 - 2029 (US$ Mn)
8.4.1. U.S.
8.4.2. Canada
Chapter 9. Latin America Lyocell Fiber Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
9.1. Latin America Lyocell Fiber Market Analysis, 2019-2029
9.2. Latin America Lyocell Fiber Market, by type, 2019 - 2029 (US$ Mn)
9.3. Latin America Lyocell Fiber Market, by application, 2019 - 2029 (US$ Mn)
9.4. Latin America Lyocell Fiber Market, by region, 2019 - 2029 (US$ Mn)
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Mexico
Chapter 10. Europe Lyocell Fiber Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
10.1. Europe Lyocell Fiber Market Analysis, 2019-2029
10.2. Europe Lyocell Fiber Market, by type, 2019 - 2029 (US$ Mn)
10.3. Europe Lyocell Fiber Market, by application, 2019 - 2029 (US$ Mn)
10.4. Europe Lyocell Fiber Market, by region, 2019 - 2029 (US$ Mn)
10.4.1. United Kingdom
10.4.2. Germany
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
Chapter 11. Asia Pacific Lyocell Fiber Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
11.1. Asia Pacific Lyocell Fiber Market Analysis, 2019-2029
11.2. Asia Pacific Lyocell Fiber Market, by type of material, 2019 - 2029 (US$ Mn)
11.3. Asia Pacific Lyocell Fiber Market, by application, 2019 - 2029 (US$ Mn)
11.4. Asia Pacific Lyocell Fiber Market, by region, 2019 - 2029 (US$ Mn)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Rest of APAC
Chapter 12. Middle East & Africa (MEA) Lyocell Fiber Market, Regional Market Analysis, 2019 - 2029 (US$ Mn)
12.1. Middle East & Africa (MEA) Lyocell Fiber Market Analysis, 2019 - 2029
12.1.1. Middle East & Africa (MEA) Lyocell Fiber Market, by type, 2019 - 2029 (US$ Mn)
12.1.2. Middle East & Africa (MEA) Lyocell Fiber Market, by application, 2019 - 2029 (US$ Mn)
12.1.3. Middle East & Africa (MEA) Lyocell Fiber Market, by region, 2019 - 2029 (US$ Mn)
12.1.3.1. Saudi Arabia
12.1.3.2. United Arab Emirates
12.1.3.3. South Africa
12.1.3.4. Rest of MEA
Chapter 13. Company Profiles
13.1. Lenzing AG
13.1.1. Business Overview
13.1.2. Financial Information (Subject to data availability)
13.1.3. Application Portfolio
13.1.4. Key Developments
13.2. Acegreen Eco-Material Technology Co. Ltd.
13.3. Aditya Birla Group
13.4. Smartfiber AG
13.5. Zhejiang Yaojiang Industrial Group Limited
13.6. Chonbang Co. Ltd
13.7. China Populus Textile Ltd.
13.8. Baoding Swan Fiber Co. Ltd.
13.9. Acelon Chemicals & Fiber Corp
13.10. Great Duksan Corp
For more information about this report visit https://www.researchandmarkets.com/r/59qnfw