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Lyocell Fabric Market Size Forecast Between 2024 - 2031 | Lenzing A.G., Aditya Birla Group, AkzoNobel N.V.

06-26-2024 10:40 AM CET | Consumer Goods & Retail

Press release from: CMI

Lyocell Fabric Market

Lyocell Fabric Market

Market Overview:

The Lyocell Fabric Market is estimated to be valued at USD 1.34 Bn in 2024 and is expected to reach USD 2.14 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

Market Dynamics:

Lyocell fabric market is driven by rising demand for environment-friendly textiles globally. Lyocell is produced from wood pulp in a closed-loop manufacturing process that reuses solvents and generates less toxic by-products. Furthermore, growing focus on sustainability and implementation of stringent regulations regarding discharge of toxic and hazardous effluents from textile dying and finishing industries is also fueling the growth of lyocell fabric market. Additionally, lyocell is highly breathable and absorbent fabric which makes it suitable for a variety of apparel and home furnishing applications. Properties like softness, moisture absorbency and quick-drying nature of lyocell fabric are increasing its preference over cotton especially in innerwear and activewear categories.

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Major Driver 1: Growing Demand for Environment-Friendly Fabrics

The lyocell fabric market is witnessing strong growth due to the increasing demand for environment-friendly fabrics across the globe. Lyocell is considered one of the most sustainable fabrics as it is made from wood pulp through a closed-loop manufacturing process where chemicals are recycled for reuse. Compared to cotton and polyester, lyocell fabric has much lower impact on the environment. Many apparel brands and retailers are promoting lyocell as an eco-friendly alternative to meet the rising demand for sustainable fashion. Consumers are also increasingly inclined towards natural and biodegradable fabrics and willing to pay a premium for sustainable products. The sustainable credentials of lyocell give it a competitive advantage over other man-made cellulosic fabrics and this is a major factor driving the lyocell fabric market.

Major Opportunity: Growing Demand from Medical Textiles Segment

The lyocell fabric market has strong potential opportunities in the medical textiles segment. Lyocell fibres have exceptional properties like high absorbency, quick drying, anti-microbial characteristics and being soft on skin that make it suitable for various medical applications. It is increasingly used in surgical gowns, drapes, masks, wound dressings, bandages and other healthcare products. With rising health awareness and growing aging population globally, the demand for medical textiles is surging at a rapid pace. The COVID-19 pandemic has further boosted spending on healthcare infrastructure and personal protective equipment. The lyocell fabric market players can capitalize on this opportunity by developing innovative medical-grade lyocell products and catering to the rising demand from the healthcare industry.

Major Trend: Increasing adoption of blends and new product innovations

While demand for pure lyocell fabrics is growing, manufacturers are also focusing on developing new blended fabrics using lyocell in combination with other fibres. Common lyocell blends include blends with cotton, linen, wool, Tencel and silk. Such blended fabrics leverage the best attributes of different fibres. For example, lyocell-cotton or lyocell-linen blends provide strength, smoothness and moisture absorption. Blends help widen the applications scope of lyocell. Additionally, companies are involved in R&D for new product forms of lyocell like filaments, staple fibres, nonwovens and technical textiles. Such product innovations and an expanded product portfolio will support the long term growth prospects of the lyocell fabric market.

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Top Companies Featured in This Report:

★ Lenzing A.G.
★ Aditya Birla Group
★ AkzoNobel N.V.
★ Smartfiber AG
★ Nien Foun Fiber Co., Ltd.,
★ Invista
★ Baoding Swan Fiber Co. Ltd.
★ Qingdao Textiles Group Fiber Technology Co., Ltd.,
★ China Bambro Textile (Group) Co., Ltd.,
★ Acegreen Eco-Material Technology Co. Ltd.
★ China Populus Textile Ltd.
★ Acelon Chemicals & Fiber Corp.

Market Segmentation:

By Product Type:

★ By Product Type: Staple, Filament

By Applications:

★ By Application: Healthcare, Hygiene, Apparels, Home Textiles, Automotive, Other (Cigarette Filters, etc.)

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Lyocell Fabric Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Lyocell Fabric market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Lyocell Fabric market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Lyocell Fabric market.
Segment Analysis: Examining the market value and sales volume of Lyocell Fabric by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Lyocell Fabric market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Lyocell Fabric sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

💎Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/2765

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

Contact Us

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Coherent Market Insights Pvt Ltd,
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Email: sales@coherentmarketinsights.com
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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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