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$1.5bn Opportunity by 2024 in the Lyocell Fiber Market Industry Analysis Report 2017-2024 | Lenzing Group, Aditya Birla Group, Baoding Swan Fiber Co. Ltd., Nien Foun Fiber, WEIQIAO TEXTILE COMPANY LIMITED, Qingdao Vertex Home textiles, smartfiber AG
Lyocell Fiber Market
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Lyocell Fiber Market size will reach over USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc.
Growth drivers
1. Increased demand for the product in apparel manufacturing
2. Eco-friendly production of lyocell fiber
Fashion trends have changed rapidly over the past few years and will continue to do so in the coming years, which will drive the industry growth. Modern technology and fibers have been developed which have escalated the use of better quality materials and has driven the lyocell fiber marker demand. Brands have started focusing on fibers that can be recycled and can be reused after the end of a product’s lifecycle.
Government initiatives have been taken to adopt sustainable fibers for textile and apparels industry. The apparels segment in North America accounted for a major chunk of the product share (over 40%) in 2016. The environment friendly production process of the material also acts as a major driver to boost the lyocell fiber market. There has been a significant impact through social media on the apparel segment, which in turn has positively influenced the industry.
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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
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 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.
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.
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
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.
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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org
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