Lyocell Fibers Market Key Competitors, Business opportunities, Trend Analysis 2031

Lyocell Fibers Market Outlook 2031
• The global lyocell fibers market was valued at US$ 1.0 Trn in 2021
• It is estimated to grow at a CAGR of 11.8% from 2022 to 2031
• The global lyocell fibers market is expected to cross US$ 2.7 Trn by the end of 2031

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Overview of Global Lyocell Fibers Market
Lyocell fibers are extensively used in applications such as apparel, home textiles, medical, and footwear. These fibers are made of cellulose, which is found in wood pulp. Lyocell fibers can be recycled and easily disposed through processes such as sewage deposition, incineration, and landfilling. This is projected to prompt manufacturers of fibers such as rayon, cotton, and synthetic fibers to shift toward the production of lyocell fibers in the near future. Lyocell fibers provide strength similar to that of polyester. These fibers are stronger than cotton and all other manmade staple cellulosic fibers. Lyocell fibers also possess very high dry and wet modulus for cellulosic fibers in both dry and wet states. Therefore, lyocell fiber is an efficient material for dyeing and finishing of clothing.

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Lyocell fibers are also highly crystalline in structure. Therefore, these fibers offer high wet strength and excellent dry strength. Thus, lyocell fibers are water washable. Furthermore, these fibers shrink less when wetted by water and dried as compared to other cellulose fibers such as cotton and viscose rayon.
Lyocell fibers can be classified as cotton lyocell; lyocell polyester; lyocell rayon; lyocell silk; and lyocell warm. Cotton lyocell is a mix of silky-smooth lyocell and soft cotton to create a durable fabric with excellent drapability and softness for shirts. Lyocell rayon fabrics exhibit better fabric feel and as compared to viscose rayon, owing to the fiber shape and appearance of lyocell.
Lyocell warm is one of the best fabrics for staying warm on a cold day. This is due to the fabric's ability to self-regulate temperature. The global lyocell fibers market is estimated to grow at a CAGR of 11.8% during the forecast period, owing to favorable properties of lyocell fibers, specifically for various applications such as apparel, home textiles, and medical.

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Natural Fibers/Cellulose-based Fibers Gain Prominence in Global Market
The rise in apparel trade can be attributed to growing urbanization combined with increasing consumer disposable income, which has resulted in a rise in the living standard of people in developing countries across Asia, the Middle East, and Africa. Furthermore, growth of the middle-class population and rapid rise in consumption are expected to drive the demand for cellulose fibers over the next few years.

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Analysis of Key Players in Global Lyocell Fibers Market
The global lyocell fibers market is highly consolidated, with a small number of large-scale vendors controlling majority of the share. Most companies are investing considerably in comprehensive research and development activities, primarily to create environment-friendly products. Diversification of product portfolios and mergers & acquisitions are key strategies adopted by prominent players. Lenzing AG, Grasim Industries Limited, Baoding Swan Chemical Fiber Group Co. ltd., Shanghai Lyocell Fibre Development Co., Ltd., and Smartfiber AG are the prominent entities operating in the market.
Each of these players has been profiled in the lyocell fibers market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

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