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Lyocell Fiber Market Forecast Industry Size Share Analysis Report 2024 | Lenzing Group, Aditya Birla Group, WEIQIAO TEXTILE COMPANY LIMITED, Qingdao Vertex Home textiles
Lyocell Fiber Market
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Lenzing Group
2. Acegreen Eco-Material Technology Co., Ltd.
3. Aditya Birla Group
4. Baoding Swan Fiber Co. Ltd.
5. Nien Foun Fiber
6. Chon Bang Co Ltd
7. WEIQIAO TEXTILE COMPANY LIMITED
8. China Populus Textile Ltd.
9. Zhejiang Yaojiang Industrial Group
10. Great Duksan
11. Qingdao Vertex Home textiles
12. smartfiber AG
13. Acelon Chemicals & Fiber Corporation
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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.
Cellulose fibers are used for the manufacturing of superior quality textiles which have boosted the lyocell fiber market. The fiber is biodegradable, natural in nature and economical in use which is obtained from natural cellulose found in wood pulp. Also, the fabric has natural breathability and with a superior moisture absorption capacity than cotton. Moreover, due to its moisture management properties, lyocell is also anti-bacterial in nature. These properties will open new growth avenues in various new products for lyocell fiber market in coming years.
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.)
Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts from the report, “Lyocell Fiber Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lyocell-fiber-market
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.
Some of the major industry players in lyocell fiber market include Lenzing AG, Baoding Swan Fiber Co, Acegreen Eco-Material Technology, China Populus Textile, Chonbang, Qingdao Textiles Group Fiber Technology, Acelon Chemicals & Fiber Corporation and smartfiber AG.
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