by The global Lyocell Fabric Market is estimated to be valued at US$ 1.26 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Lyocell fabric is a type of regenerated cellulose fiber with high absorbency, soft texture and good moisture wicking properties. It is increasingly being preferred for clothing and home textiles due to its sustainability credentials as the manufacturing process involves dissolving pulp from trees without using toxic chemicals.
Market key trends:
One of the major trends driving the growth of lyocell fabric market is rising consumer demand for sustainable textiles. Lyocell fabric has a lower environmental footprint compared to cotton and other synthetic fabrics as the manufacturing process is closed-loop and solvents are recycled. This has pushed many apparel brands to increasingly incorporate lyocell fabrics made from wood/bamboo pulp to market their products as eco-friendly. Additionally, lyocell demonstrates properties similar to cotton and silk but is more durable and easier to dye which is further propelling its uptake in the apparel industry.
Segment Analysis
The global lyocell fabric market is dominated by the apparel segment. Lyocell fabric is primarily used in the production of clothes due to its natural, breathable and comfortable characteristics. Within the apparel segment, fabrics meant for inner wears, such as shirts and tops, account for the major share owing to the soft texture and enhanced moisture-wicking property of lyocell fabrics.
Key Takeaways
The Global Lyocell Fabric Market is expected to witness high growth, exhibiting a CAGR of 6.9% over the forecast period, due to increasing demand for sustainable and eco-friendly fabrics.
Europe dominates the global lyocell fabric market currently, owing to stringent regulations regarding the use of toxic chemical fibers. Asia Pacific is expected to grow at the fastest rate during the forecast period on account of rising living standards and the growth of apparel industry in the region.
Key players operating in the lyocell fabric market are Lenzing A.G., Aditya Birla Group, AkzoNobel N.V., Smartfiber AG, Nien Foun Fiber Co., Ltd., Invista , Baoding Swan Fiber Co. Ltd., Qingdao Textiles Group Fiber Technology Co., Ltd., China Bambro Textile (Group) Co., Ltd., Acegreen Eco-Material Technology Co. Ltd., China Populus Textile Ltd., and Acelon Chemicals & Fiber Corp. Lenzing A.G. dominates the market owing to their strong production capabilities and global presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
