According to IMARC Group’s latest report, titled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global lyocell fiber market reached a value of US$ 1.13 Billion in 2021. Lyocell fiber is a lightweight, soft, wrinkle-resistant form of rayon, which is produced from dissolving bleached wood pulp, and then reconstituted by dry jet-wet spinning technique. It is extensively utilized as an alternative to cotton and silk for manufacturing trousers, towels, T-shirts, denim, sportswear, and bed linens. Currently, lyocell fibers are commercially available in varying types, such as staple and cross-linked.
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The widespread adoption of lyocell fiber in various end use industries, such as fashion, medical, paper, pulp, and textile, is one of the key factors majorly driving the global market growth. In addition to this, the introduction of technologically advanced N-methyl morpholine-N-oxide (NMMO) technology by manufacturers for conserving resources is propelling the market growth. Apart from this, the rising environmental consciousness amongst consumers, along with the increasing utilization of natural practices for producing lyocell, is creating a positive outlook for the global lyocell fiber market further. Looking forward, IMARC Group expects the lyocell fiber market to reach US$ 1.71 Billion by 2027, exhibiting at a CAGR of 6.97% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Lenzing AG
- Acegreen Eco-Material Technology Co., Ltd.
- Aditya Birla Group
- Baoding Swan Fiber Co. Ltd.
- Chonbang Co., Ltd.
- Weiqiao Textile Company Limited
- Zhejiang Yaojiang Industrial Group Limited
- China Populus Textile Ltd.
- Great Duksan Corp.
- Qingdao Textiles Group Fiber Technology Co., Ltd.
- Smartfiber AG
- Acelon Chemicals & Fiber Corp.
Breakup by Product:
- Staple Fiber
- Cross Linked Fiber
- Apparel
- Home Textiles
- Medical and Hygiene
- Automotive Filters
- Others
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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