Lyocell Fiber Market Insights:
The Lyocell Fiber Market was analyzed which was worth USD 1.1 Billion in the year 2022, expecting a CAGR of 6.4% during the forecast period (2023-2030), and the market is projected to be valued at USD 1.81 Billion by 2030.
Driver:
The increased adoption of Lyocell Fiber in the Specialty Glass, Ceramic & Fiber is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Lyocell Fiber also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Lyocell Fiber in many sectors also boosts the market growth during the forecast period.
Lyocell fiber is a type of cellulose fiber that is made from wood pulp using a closed-loop solvent spinning process. It is known for its high strength, durability, and softness, as well as its environmentally-friendly production process. Lyocell fiber is produced by dissolving wood pulp in a non-toxic solvent and then spinning the solution into fibers through a spinneret. The fibers are then washed and dried to produce a soft, silky material. The closed-loop process used in the production of lyocell fiber means that the solvent used can be recovered and reused, making it a more sustainable and environmentally-friendly process compared to other types of fiber production.
Lyocell Fiber Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Staple Fiber, Cross Linked Fiber), application (Apparel, Home Textiles, Medical and Hygiene, Automotive Filters, Others), and companies (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 and Acelon Chemicals & Fiber Corp.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.4%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 1.81 Billion |
| CAGR (2023-2030) | 6.4% |
| By Product | Staple Fiber, Cross Linked Fiber |
| By Application | Apparel, Home Textiles, Medical and Hygiene, Automotive Filters, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| 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 and Acelon Chemicals & Fiber Corp. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Lyocell Fiber market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market 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 Limited, China Populus Textile Ltd., Great Duksan Corp., Qingdao Textiles Group Fiber Technology Co., Ltd., Smartfiber AG and Acelon Chemicals & Fiber Corp.
Market Segment Analysis:
By Product
- Staple Fiber
- Cross Linked Fiber
By Application
- Apparel
- Home Textiles
- Medical and Hygiene
- Automotive Filters
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Lyocell Fiber industries in the region.
Key Lyocell Fiber Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Lyocell Fiber Market segments.
– Largest Market Share Held by Industry to Industry for Lyocell Fiber
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Lyocell Fiber Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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