Lyocell Fiber Market Size, Trends, Latest Insights and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global lyocell fiber market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Lyocell is a type of man-made fiber derived from the cellulose of bleached wood pulp. Popularly known as the third-generation cellulose fiber, lyocell was first developed in 1972 by the process of dry jet-wet spinning. Lyocell fibers are strong but soft, highly absorbent, wrinkle-resistant and capable of replicating an array of textures like leather, suede and silk. Owing to these properties, lyocell fibers are utilized for manufacturing a wide range of products such as clothes, bedsheets, carpets, curtains, sportswear, surgical equipment, medical gloves, etc.

Request Free Report Sample: https://www.imarcgroup.com/lyocell-fiber-market/requestsample

Global Lyocell Fiber Market Trends:

Nowadays, lyocell fibers are being preferred over other type of fibers, such as cotton and rayon, on account of their tenacity and absorption efficiency. Owing to this, they are widely used in the apparel and home textile industries. Apart from this, the usage of lyocell fiber has gained popularity among the manufacturers due to an increasing demand for eco-friendly and biodegradable cellulose fibers. The fabrics made from lyocell can be easily disposed by landfilling, sewage digestion or incineration after usage. Further, unlike synthetic fibers which require toxic solvents, the production of lyocell fibers includes non-toxic solvents such as amine oxide. Additionally, as lyocell fibers are free from any toxic compounds, they are preferred for the production of medical-grade non-woven products. These fibers are also suitable for sanitizing wipes and overnight bleaching in the food service sector.

Lyocell Fiber Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global lyocell fiber market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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
• China Populus Textile Ltd.
• Great Duksan Corp.
• Qingdao Textiles Group Fiber Technology Co., Ltd.
• Smartfiber AG
• Acelon Chemicals & Fiber Corporation

Key Market Segmentation:

The report has segmented the global lyocell fiber market on the basis of product, application and region.

Breakup by Product:

• Staple Fiber
• Cross-Linked Fiber

Breakup by Application:

• Apparel
• Home Textiles
• Medical and Hygiene
• Automotive Filters
• Others

Breakup by Region:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/lyocell-fiber-market

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

Article source: https://article-realm.com/article/Finance/43443-Lyocell-Fiber-Market-Size-Trends-Latest-Insights-and-Forecast-2023-2028.html