Lyocell Fiber Market to Show Commendable Growth of US$ 4.6 Billion by 2033, Unveils Fact.MR

The lyocell fibre market is expected to reach US$ 1.6 billion in 2023 and grow at a CAGR of 11.1% from 2023 to 2033, predicts Fact.MR, a provider of market research and competitive data.

Lyocell fibres are becoming more and more well-liked in the clothing and fashion industries because to its softness, breathability, and moisture management characteristics. They can be worn as dresses, shirts, pants, and activewear, among other items of clothing. Because they value comfort, sustainability, and performance, fashion companies are utilising lyocell fibres more frequently.

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Market Growth Stratagems

To meet the growing demand for lyocell fibers, manufacturers often invest in expanding their production capacity. This involves establishing new production facilities or upgrading existing ones to increase output and improve efficiency. The capacity expansion enables manufacturers to fulfill customer orders promptly and cater to a wider customer base.

Manufacturers are also focusing on continuous product innovation and development to offer improved and diversified lyocell fiber products. This includes developing fibers with enhanced properties, such as improved strength, dyeability, and moisture management. For instance, the VEOCEL brand has launched a new offering: Lenzing's VEOCEL brand launches hydrophobic lyocell fibers with dry technology which is naturally smooth and gentle on the skin, ensuring comfort for sensitive skin.

Additionally, manufacturers explore new applications for lyocell fibers and develop specialized variants tailored to specific industries and customer requirements.

Key Companies

• Acegreen Eco-Material Co LTD
• Acelon Chemicals & Fiber Corp.
• Baoding Swan Chemical Fiber Groups Co. LTD
• China Populus Textile LTD
• Chonbang Co. LTD
• Grasim Industrial LTD

Key Takeaways from Market Study

• According to Fact.MR, it is projected that the market for lyocell fiber will experience a CAGR of 11.1% during the forecast period
• The global lyocell fiber market size is estimated to reach US$ 4.6 billion in 2033
• The global lyocell fiber market size reported by Fact.MR for 2022 was US$ 1.4 billion
• The lyocell fiber is likely to create an absolute $ opportunity of US$ 3.2 billion by the end of 2033
• The historic CAGR of the lyocell fiber market is 10.1% from 2018 to 2022

"From Apparel to Automotive, the Lyocell Fibers Forge New Pathways in Fashion, Medical Textiles, Filtration, and More" says a Fact.MR analyst.

Industry Research

Lyocell Fiber Market by Fiber Type:

• Staple
• Filaments
• Others

• Lyocell Fiber Market by Application:

o Apparel
 Sportswear
 Denim
 Others
o Home Textiles
 Curtains
 Carpets & Upholstery
 Beddings
 Towels
 Others
o Medical Use
o Footwear
o Others

• Lyocell Fiber Market by Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

Key Questions Covered in the Lyocell Fiber Market Report

• What will be the estimated size of the Market in 2023?
• At what rate will the global Lyocell Fiber sales grow until 2033?
• Which are the factors hampering the Lyocell Fiber demand?
• Which region will spearhead the growth in the global industry by 2033?
• Which are the factors driving sales in the Lyocell Fiber Market during the forecast period?

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.