- Press Release -

Due to global warming, consumers are demanding more eco-friendly and recyclable products, and governments in many countries are also encouraging manufacturers to recycle. These are potential factors that are driving the sales of lyocell fiber. The fashion industry has seen a huge growth in the last half-decade, and it is projected to showcase continuous rise at a steady pace.Thereby, the sales of lyocell fiber will witness huge growth. Many prominent manufacturers in the fashion industry are going for lyocell fiber-based products because of their value-adding properties.

Apparel and footwear are manufactured using these fiber as they have vital advantages such as they have high strengths, they can be used in all kinds of climates, they are also very comfortable and most of these products are recyclable. Due to these advantages, the demand for lyocell fiber based apparels and footwear is increasing rapidly among consumers across the world. Lyocell fiber are extensively used in home textiles products such as curtains, carpets & upholstery, beddings, towels and others. Since lyocell fiber don’t react to water and they don’t shrink, thereby, these products are easy to dye and clean, owing to this the consumers are more inclined towards lyocell fiber based product. Recently, the medical industry has seen a rise in demand for lyocell fiber, this is due to the use of these fiber in the manufacturing of medical bandages and other medical dressing products. All these factors will give an influential boost to the sales of lyocell fiber.

As per a new report published by Fact.MR, the lyocell fiber market is poised to expand at a CAGR of around 11% over the next ten years.

Key Take aways from Market Study

• The lyocell fiber market is anticipated to add 2X value by 2031.

• South Asia & Oceana and East Asia accounts for largest market share of lyocell fiber, holding to more than 50% of the market value.

• Apparel hold the largest share under applications for the sales of lyocell fiber.

• Sales of lyocell fiber will see massive growth in the manufacturing of home textiles products.

• Increase in demand for lyocell fiber in footwear industry will provide a boost to economies of countries such as Indonesia, Thailand and Vietnam.

“Fashion industry is set to provide promising grounds for optimistic business development of lyocell fiber,”

Collaboration and Product Development Strategy by key players

Prominent players in the market such as Lenzing AG, Acegreen Eco-Material Co LTD, and Acelon Chemicals & Fiber Corp. have created a synergy in the demand and supply equation with apparel and footwear manufacturers. This collaborative network has streamlined the supply chain of lyocell fiber, set by relative surge from the upcoming demand for recyclable and more sustainable fiber. Vital players have been spending on research & development to come up with newer products based on lyocell fiber which are finding their consumption in various industries.These enhancements will drive the growth of lyocell fiber in the medium- to long-term forecast period.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global lyocell fiber market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of fiber type (staple fiber, filament fiber, and others) and application (apparel {sportswear, denims, and others}, home textiles {curtains, carpets & upholstery, beddings, towels, and others}, medical, footwear, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

About the Chemicals & Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Chemicals & Materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the Chemicals & Materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Consultant - Chemicals & Materials

E-mail: yash@factmr.com