According to a new report by Expert Market Research titled, “Global Lyocell Fibre Market Share, Size, Report and Forecast 2024-2032″, the global lyocell fibre market reached a value of USD 990.81 million in 2023. Aided by the increasing demand for sustainable and eco-friendly textiles and its superior properties over conventional fibres, the market is projected to further grow at a CAGR of 20% between 2024 and 2032 to reach a value of USD 2904.98 million by 2032.
Lyocell is a form of rayon made from dissolved cellulose, usually derived from wood pulp. It’s lauded for its softness, strength, and breathability, and is often compared to other fabrics like cotton, silk, and polyester. However, what distinguishes lyocell fibre is its eco-friendly production process, which involves fewer chemicals and produces minimal by-products. This sustainable fibre finds extensive use in apparel like denim, casual wear, and sportswear, among others. Moreover, lyocell fibre’s moisture-wicking and biodegradable properties make it a preferred choice in the contemporary textile market.
As per the lyocell fibre market analysis, the robust growth in eco-conscious consumer segments is a pivotal factor driving the market. The surging awareness about the environmental impacts of synthetic fibre production has prompted a marked transition towards sustainable alternatives. Lyocell, with its closed-loop production system, offers a significant reduction in water and energy consumption, making it a favourite among environmentally conscious brands and consumers alike.
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Lyocell fibre’s myriad benefits aren’t restricted to its sustainable attributes alone. The fibre is renowned for its comfort and durability, making it a popular choice for the production of both everyday clothing and specialised apparel and further increase value of the lyocell fibre market size. The fitness and athleisure industry, for instance, has been particularly receptive to lyocell, favouring its moisture-wicking, soft, and breathable qualities for sportswear and activewear.
Another pivotal factor fuelling the growth trajectory of the market is the potential for blending. Lyocell, when combined with other fibres like cotton, wool, or silk, can produce fabrics with enhanced properties, further expanding its application in the textile industry. This versatility ensures its continuous demand and supports lyocell fibre market growth.
Beyond fashion, lyocell fibres are making significant inroads in other industries, ranging from home textiles like bed linens and curtains to industrial applications such as reinforcement materials. The inherent properties of lyocell fibre, such as its high tenacity, moisture absorption, and biodegradability, are being explored in various sectors, driving lyocell fibre market demand even further.
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Market Segmentation
The market can be divided based on product, application, and region.
Market Breakup by Product
• Staple Fibre
• Cross-Linked Fibre
Market Breakup by Application
• Apparel
• Home Textiles
• Medical and Hygiene
• Automotive Filters
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global lyocell fibre market. Some of the major players explored in the report by Expert Market Research are as follows:
• Denka Corporation Limited
• Acegreen Eco-Material Technology Co., Ltd.
• Smartfiber AG
• Others
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