Lyocell Fiber Market Business Opportunities and Development Strategies, 2023

The global Lyocell Fiber Market is anticipated to rise at a CAGR of 7.27% during the forecast period. The market is driven by rise in apparel segment accounting for a major share in the global market. The features offer superior absorbent and ductile qualities for home textiles. In addition, biodegradability of Lyocell are likely to contribute to the market growth during the forecast period.

Extensive use of Lyocell in manufacture of baby diapers and surgical products are most likely to propel the market growth during the forecast period. Lyocell is widely used in the fiber and apparel industry, which is directly proportional to manufacture of textiles. Rising awareness in consumers towards the use of decontaminated products is anticipated to drive the market growth.

The market is segmented by product into cross-linked fiber and staple fiber. Application segment for Lyocell fiber market comprises surgical products, apparels, home textiles, automotive filters and baby diapers.

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Market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to account for a significant CAGR during the forecast period owing to significant population and rise in improvement in standard of living. Rapid urbanization and increasing consumerism in APAC sector triggers the market growth for the forecast period.

North America and European market is most likely to gain a higher traction during the forecast period as the markets are highly developed and the demand for Lyocell is expected to grow during this period.

The key players profiled in the lyocell fiber market include Acegreen Eco-Material Technology Co Ltd, Aditya Birla Group, Baoding Swan Fiber Co Ltd, Neien Foun Fier Chonbang Co Ltd, Zheijang Yaojiang Industrial Group, Weiqiao Textile Company Limited, China Populous Limited, Akzo Nobel, Smartfiber AG and Qingdao Textiles Group Fiber Technology Co Ltd.

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