The global lyocell fibers market was valued at $1.3 billion in 2021, and is projected to reach $2.7 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.
Lyocell fibers is a high-fibrillating synthetic cellulosic fibre. It is breathable and moisture-wicking; therefore, it is frequently used to make eco-friendly boxers, sustainable napkins, ethical jeans, and formal shirts. Lyocell fibers is produced by a direct dissolving process and involves no derivative, unlike viscose rayon. One of the most significant qualities of lyocell fibers is fibrillation, which may be exploited to create a pleasing fabric touch known as the peach-skin effect.
For the purpose of analysis, the lyocell fibers market scope covers type, application and region. The types of lyocell fibers studied in the report include, staple fibers, filament fibers, and others. The use of lyocell fibers in various end-use industries, including textile, medical, footwear and others are analyzed in the report. Moreover, it analyzes the current market trends of lyocell fibers across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain the intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Aditya Birla Yarn, Acegreen, Acelon, Baoding Swan Fiber Co. Ltd, Chonbang co ltd, China Pouplas textile ltd, Great Duskan Corporation, Grasim Industrial Limited, Lenzing Group, Shanghai Lyocell fibers, Smart Fiber AG, Weiqiao Textile, Qingdoa Textile Group Fiber Textile, Sateri and Tamay Fiber Co.Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lyocell fibers market analysis from 2021 to 2031 to identify the prevailing lyocell fibers market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the lyocell fibers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global lyocell fibers market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Staple Fibers
- Filament Fibers
- Others
By Application
- Apparel
- Home Textile
- Medical and Hygiene
- Filtration
- Footwear
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Aditya Birla Yarn
- Acegreen Eco-Green Material Technology Co.Ltd
- Acelon Chemicals and Fibre Corporation
- Baoding Swan Fibre.Co.Ltd
- Chonbang Co.Ltd
- China Populas Textile Ltd
- Great Duskan Corporation
- Grasim Industrial Ltd
- Lenzing Group
- Shanghai Lyocell Fiber
- Smart Fibre AG
- Weiqiao Textile Company Limited
- Qingdoa Textile Group Fiber
- Sateri Corporation
- Tamay Fiber Co Ltd
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LYOCELL FIBERS MARKET, BY TYPE
CHAPTER 5: LYOCELL FIBERS MARKET, BY APPLICATION
CHAPTER 6: LYOCELL FIBERS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Lyocell Fibers Market," the lyocell fibers market size was valued at $1.3 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 8.2% from 2022 to 2031.Lyocell fibers are used in woven and nonwoven items such as household textiles, surgical devices, and baby diapers as they are shrink resistant, eco-friendly, biodegradable, and durable. Lyocell fibers have been shown to have enhanced antibacterial activity against different bacteria and fungus indicating promise use in medicinal or sanitary products.
The growth of the global lyocell fibers market is majorly attributed to its wide applications in various industries such as apparel, home textile, medical & hygiene, filtration, footwear, and others. Lyocell fibers is used across many applications such as apparel, home textiles, medical and hygiene, filtration and others. Lyocell fibers is a rayon fabric made by dissolving cellulose or wood pulp in a special spinning procedure. It may be blended with linen, cotton, silk, and other fibers to make specialty goods like medical dressings as it is manufactured using non-toxic and organic solvents. It is used to make newborn diapers as well as surgical coats for doctors and nurses. It is also used to improve the appearance of clothes in a range of textile fibers such as cotton, polyester, acrylic, wool, and silk. Lyocell fibers have been demonstrated to exhibit improved antibacterial activity against various bacteria and fungi, indicating that they might be used in therapeutic or hygienic goods. It is also used as a precursor for carbon fiber and in dehumidification sheets. Lyocell fibers are also utilized in the automobile industry for seat coverings, battery separators, and other applications. These are used in a wide range of filtration, including lightweight tea bag and coffee filter papers, industrial and automotive air and liquid filters, and food & beverage high capacity depth filters.
Further, the rise in demand from textile industry is predicted to drive the market growth during the forecast period. Lyocell fibers is used in silkier-looking things such as women's apparel and men's formal shirts. It may be combined with a wide range of different fibers, including silk, cotton, rayon, polyester, linen, nylon, and wool. Conveyor belts, specialty papers, and medical dressings are also made from lyocell fibers.
However, availability of the substitutes is projected to hinder the lyocell fibers market growth. Lyocell fibers is a semi-synthetic fabric that is commonly used as a substitute for cotton or silk. It shares many properties with other fibers such as cotton, linen, silk, ramie, hemp and viscose rayon (to which it is very closely related chemically). On the contrary, eco-friendly production of lyocell fibers is expected to offer ample growth opportunities for the global lyocell fibers industry. Lyocell fibers is the most environment-friendly fabric. It is derived from organic and renewable sources and processed in a closed-loop system that recycles over 99.5% of the chemicals/solvents used in manufacture, with the remaining 0.5 % released as non-hazardous effluent. The life cycle of a lyocell fibers has minimal environmental impact and is significantly more sustainable than oil-derived synthetic fibers. It requires less space, irrigation, pesticides, and fertilizers to cultivate the eucalyptus or beech trees that are used to make lyocell fibers. Lyocell fibers is made of wood, and its products dissolve in a matter of months, as opposed to other plastic-based objects, which can take up to 100 years to biodegrade.
The lyocell fibers market is segmented into type, application and region. On the basis of type, the market is categorized into staple fibers, filament fibers, others. On the basis of application, the market is categorized into apparel, home textile, medical & hygiene, filtration, footwear, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The lyocell fibers market share is analyzed across all significant regions and countries. Asia-Pacific is expected to market during the forecast period. The growth is attributed to the extensive use of lyocell fibers in medicinal or sanitary products. Also, these fibers are also used for sanitizing wipes and overnight bleaching in the food service sector.
The major players operating in the global lyocell fibers market include Aditya Birla Yarn, Acegreen, Acelon, Baoding Swan Fiber Co. Ltd, Chonbang co ltd, China Pouplas textile ltd, Great Duskan Corporation, Grasim Industrial Limited, Lenzing Group, Shanghai Lyocell fibers, Smart Fiber AG,Weiqiao Textile, Qingdoa Textile Group Fiber Textile, Sateri and Tamay Fiber Co.Ltd.
COVID-19 Analysis
The COVID-19 pandemic adversely hit the textile, apparel and fashion sectors globally with massive loss to businesses. However, lyocell fibers are highly demanded in medical sector as it is used for medical dressings such as patches, wound paddings, bandages, bandaging material, plaster padding fabrics, underwear, nightwear for neurodermatitis patients, orthopedic supporting bandages, and tube bandages. Further, due to the COVID 19 crisis, the health awareness among the populace has grown and the medical and hygiene sector grown during the pandemic. Consequently, rise in awareness about health and hygiene and growth in medical sector are predicted to surge the demand for lyocell fibers during the pandemic.Key Findings of the Study
A comprehensive lyocell fibers market analysis of the factors that drive and restrain the market growth is provided.The qualitative data in this report aims at the lyocell fibersmarket trends, dynamics, and developments in the industry.
By type, the staple fibers segment was the highest revenue contributor to the market in 2021
By application, the medical and hygiene segment is expected to grow at a CAGR of 9.4%, in terms of revenue, during the forecast period.
By region, Asia-Pacific was the highest revenue contributor and is estimated to grow with a CAGR of 8.7%.
China was the highest revenue contributor growing with a CAGR of 9.3%.
South Korea and Japan are expected to witness considerable CAGRs of 7.4%, and 7.2% respectively, during the forecast period.
Companies Mentioned
- Aditya Birla Yarn
- Acegreen Eco-Green Material Technology Co.Ltd
- Acelon Chemicals and Fibre Corporation
- Baoding Swan Fibre.Co.Ltd
- Chonbang Co.Ltd
- China Populas Textile Ltd
- Great Duskan Corporation
- Grasim Industrial Ltd
- Lenzing Group
- Shanghai Lyocell Fiber
- Smart Fibre AG
- Weiqiao Textile Company Limited
- Qingdoa Textile Group Fiber
- Sateri Corporation
- Tamay Fiber Co Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 310 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1.3 billion |
| Forecasted Market Value ( USD | $ 2.7 billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
