Lyocell Fiber Market 2018 Top Key Players Lenzing AG, Aditya Birla Group, Nien Foun Fiber, Chonbang Co., Ltd., Great Duksan
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The advent of technology, having already influenced a slew of industries since its inception, will also mark its impact on lyocell fiber industry. Technological innovations have lowered the cost of fiber production and have helped in enhancing the production as well as the quality of fibers. Today, many of the fiber manufacturing firms are focusing on reprocessing and reusing the fibers after the completion of their shelf life, which is expected to offer novel growth opportunities for lyocell fiber market.
Substantial knowledge regarding pediatric sanitation accompanied by an increase in the spending capacity of the consumers have resulted in high demand for baby diapers across the Asia Pacific region. This is one of the key factors which has resulted in the escalating growth of Asia Pacific lyocell fiber industry, which is expected to record a CAGR of 8% over 2017-2024, having attained a revenue of more than USD 550 million in 2015. China, Indonesia, and India are predicted to be the major revenue pockets of APAC. While the decline in infant mortality rates is also predicted to influence the regional share, the thriving non-woven materials sector in Indonesia is expected to spur the product demand over the years to come.
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Qingdao Textile Group Fiber Technology Company Limited, Lenzing AG, Zhejiang Yaojiang Industrial Group Company Limited, Acegreen Eco-Material Technology Company Limited, Zhejiang Yaojiang Industrial Group Company Limited, Baoding Swan Fiber Group Company Limited, Nien Foun Fiber Company Limited, Smartfiber AG, and Acelon Chemicals & Fiber Corporation are the major players of lyocell fiber market.
Lyocell fiber market is expected to carve out a lucrative growth map ahead, subject to its extensive application spectrum. According to a recent report compiled by Global Market Insights, Inc., lyocell fiber industry is set to hit a revenue of over USD 1.5 billion by 2024, registering a CAGR of nearly 8% over the coming seven years.
Chapter 4. Lyocell Fiber Market, By Product
4.1. Lyocell fiber market share by product, 2016 & 2024
4.2. Staple fiber
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Cross-linked fiber
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
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