Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global lyocell fiber market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Lyocell fiber is a type of rayon produced from bleached wood pulp, also known as dissolving pulp, which contains cellulose. First developed in 1972, this fiber is manufactured using the process of dry jet-wet spinning. Lyocell fiber exhibits similar properties as other cellulose fibers, including ramie, linen, viscose rayon and cotton. It is lightweight, absorbent, breathable, soft, wrinkle-resistant, durable, capable of replicating a range of textures like silk, leather and suede, and can also be dyed in various colors. Nowadays, manufacturers are adopting natural practices to produce lyocell and eliminating the use of chemicals in the production to obtain organic certification.

Lyocell fabric is utilized in a wide range of industries, including fashion, textile, medical, and paper and pulp. Due to its versatility, lyocell fiber is used as a substitute for cotton and silk to make sportswear, shirts, bed linens, denim, T-shirts, trousers and towels. Its high absorbency profile makes it an ideal material for medical dressings. Apart from this, with the rising environmental concerns, the demand for lyocell fiber is escalating across the globe. Its main component, cellulose, is obtained from well-managed forests and its production does not generate by-products that are harmful to the health or the environment. Moreover, technological advancements have led to the manufacturing of lyocell fiber using advanced N-methyl morpholine-N-oxide (NMMO) technology, which is a simple, resource-conserving, and environment-friendly means of regenerating cellulose fiber.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global lyocell fiber market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product and application.

Breakup by Product:

Staple Fiber
Cross Linked Fiber

Amongst these, staple fibers are the most preferred product, owing to their longer average fiber length, which makes it easier to process and produce even yarns.

Breakup by Application:

Apparel
Home Textiles
Medical and Hygiene
Automotive Filters
Others

Amongst these, apparel represents the largest segment as lyocell fiber is widely used in the industry for its softness and absorbent properties.

Regional Insights:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Region-wise, Asia Pacific exhibits a clear dominance in the market owing to the improving living standards and flourishing textile industry in the region.

Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality.

Some of the leading players operating in the market are:

Lenzing AG
Acegreen Eco-Material Technology Co., Ltd.
Aditya Birla Group
Baoding Swan Fiber Co. Ltd.
Chonbang Co., Ltd.
Weiqiao Textile Company Limited
Zhejiang Yaojiang Industrial Group Limited
China Populus Textile Ltd.
Great Duksan Corp.
Qingdao Textiles Group Fiber Technology Co., Ltd.
Smartfiber AG
Acelon Chemicals & Fiber Corp.

Key Questions Answered in This Report
1. What was the size of the global lyocell fiber market in 2022?
2. What is the expected growth rate of the global lyocell fiber market during 2023-2028?
3. What are the key factors driving the global lyocell fiber market?
4. What has been the impact of COVID-19 on the global lyocell fiber market?
5. What is the breakup of the global lyocell fiber market based on the product?
6. What is the breakup of the global lyocell fiber market based on the application?
7. What are the key regions in the global lyocell fiber market?
8. Who are the key players/companies in the global lyocell fiber market?