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  • Lyocell Fiber Market Growth Analysis | 2023-2028

    Lyocell Fiber Market Growth Analysis | 2023-2028

    Lyocell Fiber Market Growth Analysis | 2023-2028
    Report code - SR1244 Delivery - 2 Weeks
    Lyocell Fiber Market Size, Share, Trends, Dynamics, Forecast, & Industry Analysis &nda See more...

    Market Insights

    The lyocell fiber market was estimated at USD 998.53 million in 2022 and is likely to grow at a CAGR of 8.13% during 2023-2028 to reach USD 1606.62 million by 2028.

    lyocell-fiber-market-size

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    What is lyocell fiber?

    Lyocell fiber, also known as lyocell, is a cellulose-based fiber with a unique manufacturing method, softness, strength, and adaptability. It is widely used in the textile sector for various garments and textile items due to its biodegradability and sustainable nature. Lyocell is a significant player in the global textile industry, transforming traditional fabric manufacturing and consumption.

    The fiber is made from natural cellulose, primarily from wood pulp, and is produced through solvent spinning technology. The solvent dissolves the cellulose, resulting in filaments that are then consolidated and spun into fibers using a coagulation bath. The closed-loop system of the process reduces waste and environmental effects.

    Lyocell's soft and smooth texture makes it appealing in apparel, bed linens, and home textiles. The circular cross-section and homogeneous surface of the fibers provide a silky sensation, making it soothing on the skin and pleasant to wear. The absence of projecting fibers reduces discomfort and improves the overall tactile feel.

    Lyocell fiber's durability is another key feature. Its high tensile strength allows it to tolerate significant stretching and tugging without losing its integrity, promoting product life and sustainability through lower consumption.

    Lyocell Fiber Market Report Overview

    Market Size in 2028

    USD 1606.62 Million

    Market Size in 2022

    USD 998.53 Million

    Market Growth (2023-2028)

    CAGR of 8.13%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the key players in the lyocell fiber market are-

    Market Dynamics

    The growth of the market is primarily driven by:

    • Extensive usage of lyocell fiber in various end-use industries including home textiles, apparels, and medical equipment.
    • Furthermore, rapid development in the healthcare industry and growing awareness of using sterilized products along with the growing popularity of biodegradable fibers.

    lyocell-fiber-market-snapshot

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    Opportunities:

    The lyocell fiber market is gaining popularity due to its sustainability, comfort, and versatility, offering numerous opportunities for businesses and investors.

    • Surge in Demand for Sustainable Textiles: Consumers are increasingly concerned about the environmental impact of their clothing choices, making Lyocell a compelling alternative to traditional synthetic fibers like polyester.
    • Expansion of Application Range: Lyocell's versatile properties make it ideal for various applications, including home textiles, hygiene products, medical textiles, and non-woven materials beyond apparel.
    • Technological Developments: Research and development are enhancing production efficiency, reducing costs, and creating new Lyocell variants with enhanced functionalities like fire resistance or moisture management.
    • Support from Government: Governments are promoting sustainable materials like Lyocell through policies and initiatives, offering financial incentives and market access for producers and manufacturers.

    Challenges:

    The lyocell fiber market, despite its promising outlook, is facing several challenges that require immediate attention for sustained growth:

    • Higher Production Costs: Lyocell production remains expensive compared to traditional fibers like cotton and polyester, potentially limiting its affordability and hindering wider adoption in cost-sensitive markets.
    • Geopolitical Concerns: Trade tensions and supply chain disruptions can impact the availability and cost of raw materials like wood pulp, affecting Lyocell production and market stability.
    • Competitive Environment: Lyocell faces competition from sustainable fibers like bamboo and hemp, necessitating innovation and differentiation to maintain its competitive edge.

    Restraints:

    The lyocell fiber market's growth may be hindered by certain factors, necessitating careful analysis and the implementation of mitigation strategies:

    • Land Use and Deforestation: Lyocell's large-scale wood pulp production raises deforestation and unsustainable land-use concerns, necessitating sustainable forestry practices and certified wood pulp sourcing to mitigate these issues.
    • Water Usage and Chemical Emissions: Lyocell production, despite its closed-loop system, still causes more water consumption and chemical emissions, necessitating continuous process optimization and the adoption of cleaner technologies to minimize environmental impact.
    • Recycling Infrastructure: Lyocell's recycling infrastructure is still in its early stages, necessitating the development of efficient systems to improve its sustainability credentials.

    Segments Analysis

    By Product Type

    The market is segmented as staple fiber and cross-linked fiber. Staple fiber is expected to witness significant growth in the market over the projected period. The growth of the segment is attributed to its various applications in denims, towels, and casual wear.

    By Application Type

    The market is segmented as apparels, home textiles, surgical products, baby diapers, automotive filters, and others. Apparels are estimated to be the dominating segment of the market during the forecast period on account of their favourable characteristics such as softness and absorbent qualities.

    On the other hand, home textile is expected to witness significant growth in the market owing to its various applications in medical accessories such as absorbent pads, compression bandages, wound-contact layer, gauze dressing and wipes used in operation theatre.

    Regional Analysis

    Asia-Pacific is estimated to be the leading region in the market for lyocell fiber during the forecast period. The region’s growth is driven by the growing textile and apparel industries along with improved standard of living in the region.

    Furthermore, North America and Europe are also estimated to witness significant growth in the market over the projected period on account of the presence of numerous textile and apparel industry players in the respective regions.

    lyocell-fiber-market-region

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    Segmentation

    The report provides detailed insights into the dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The global lyocell fiber market is segmented into the following categories:

    By product type:

    • Staple Fiber
    • Cross-linked Fiber

    By application type:

    • Apparels
    • Home Textiles
    • Surgical Products
    • Baby Diapers
    • Automotive Filters
    • Others

    By region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Lyocell-Fiber-Market-Segments

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the global lyocell fiber market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Lyocell Fiber Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Option

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players).
    • SWOT analysis of key players (up to 3 players).

    Segmentation

    • Current segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Lyocell fiber is another type of regenerated cellulose fiber which is made from wood pulp. It is classified as a subcategory of rayon. The fiber is used to make textiles for clothing and for various other applications.

    The global lyocell fibers market is expected to grow at a CAGR of 8.13% during the upcoming five years.

    Extensive usage of lyocell fiber in various end-use industries including home textiles, apparels, and medical equipment. Furthermore, rapid development in the healthcare industry and growing awareness of using sterilized products along with the growing popularity of biodegradable fibers.

    The global lyocell fibers market size was estimated to grow from USD 998.53 Mn in 2022 to USD 1606.62 Mn by 2028.

    Asia-Pacific is estimated to be the leading region in the market during the following period.

    Acegreen Eco-Material Technology Co., Ltd., Acelon Chemicals & Fiber Corporation, Aditya Birla Group, Chonbang Co., Ltd., Great Duksan, Nien Foun Fiber Co., Ltd., smartfiber AG, The Lenzing Group, Weiqiao Textile Company Limited, and Zhejiang Yaojiang Industrial Group. are the key companies in the market.

    The apparels segment has the largest share of the market during the estimated time.

    The study period of the market is 2017-2028.