Lenzing, Weiqiao Textile Company Limited, Nien Foun Fiber, Chonbang Co., Ltd. Great Duksan, Profiled in Lyocell Fiber Market Report 2018 by Global market insights, Inc.

Apparel segment led the global lyocell fiber market and will exhibit promising gains by 2024. The desirable traits such as absorbent qualities and softness will drive lyocell fiber market for apparels. The segment includes products such as denim, casual wear, sportswear, knitwear, coats, and various products. In 2016, this segment accounted more than 50% of global lyocell fiber market share. The growing online retail trading will further aid the growth of this segment over the coming years.

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The environment friendly manufacturing process is one of the major factors that will propel the lyocell fiber market growth over the coming years. Chemicals used in the manufacturing process does not pose any environment threat as they are employed in minimal quantities. Favorable government regulations regarding the adoption of sustainable fibers for the textile industry will further drive lyocell fiber market by 2024.

Additionally, strong growth in the healthcare industry will also boost the lyocell fiber market. Growing awareness regarding the usage of sterilized products, along with increasing biodegradable fibers acceptance is driving industry growth. The anti-bacterial characteristics of the product make it highly suitable for usage in manufacturing surgical products, which will further complement the lyocell fiber market growth.

The petrochemical fibers have been substituted by cellulosic man-made fibers, which has spurred the product adoption in the manufacturing processes. The pressure on synthetic fiber manufacturers has increased due to the increasing demand for naturally derived fibers. The product finds its application in various segments such as baby diapers, home textiles, apparels, automotive filters, surgical products and many more. The healthcare and wound care textiles segment is likely to grow at a robust pace, owing to the evolving technologies for recovery of surgical wounds, thus propelling lyocell fiber market.

Despite numerous opportunities, lyocell fiber market will face challenges due to its expensive pricing compared to the eco-friendly alternatives. Extra caring of delicate fabrics such as cold rinse, hand wash, and dry-clean can increase the maintenance costs as well. Also, the product shrinks up to 3% after the first wash. These factors will act as lyocell fiber market restraints in the coming years.

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Lyocell Fiber Market, By Product
o Staple fiber
o Cross-linked fiber

Lyocell Fiber Market, By Application
o Apparels
o Home textiles
o Surgical products
o Baby diapers
o Automotive filters
o Others (Vehicle carpeting, cigarette filters, etc.)

The Asia Pacific market has been penetrated by several baby diaper brands, which will give a thrust to the lyocell fiber market. Rising disposable income of people in Asia Pacific has led to a high demand for baby diapers, which has augmented the product market growth. The region will grow with a substantial CAGR of approximately 8% by 2024. India and China will witness a soaring demand for baby diapers, owing to the high birth rates and rising awareness about pediatric hygiene. Indonesia has witnessed expansion of non-woven market which will accelerate the product market growth in the forecast period.

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Clothing and textiles is a diverse sector in Europe and has been subjected to technological transformations. Non-woven fabrics for automotive industry and medical sector have been produced in massive quantities in Europe, which will positively influence the lyocell fiber market. Europe will account for over 12% of the market share in 2024 due to presence of viable cost-effective substitute materials and their growing popularity over lyocell fibers, majorly in the apparels segment.

Key industry share contributors of lyocell fiber market are Acegreen Eco-Material Technology, Baoding Swan, Lenzing, China Populus, Qingdao Textiles Group, Chonbang, smartfiber, and Acelon Chemicals.

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