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Report Overview
The global lyocell fibre market reached a value of almost USD 1188.97 million in the year 2023. The market is further expected to grow at a CAGR of 19.7% between 2024 and 2032 to reach a value of almost USD 6023.77 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The manufacturing process of lyocell fibre is very eco-friendly and produces little to no waste.
- India is among the world’s largest producers of textiles with its textile exports valued at USD 36 billion, creating ample opportunities for the lyocell fibre market.
- In 2021, the United States invested USD 2.27 billion in the manufacture of yarn, fabric, apparel, and sewn products, among others.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global lyocell fibre market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. Several companies are leading the way in the development of biodegradable and sustainable fibres. They are using eco-friendly materials such as SeaCell™ and plant-based alternatives, which help reduce reliance on synthetic fibres and boost lyocell fibre demand growth. These innovative companies are promoting more sustainable options, including biodegradable polymers, that can be applied in both the fashion sector and industrial textiles.
Key Industry Players
Denka Corporation Limited
Denka Corporation is a prominent Japanese chemical company that offers a wide range of products such as industrial materials, electronic goods, and healthcare solutions, among others.
Smartfiber AG
Located in Germany, Smartfiber AG is recognised for its production of high-performance natural and functional fibres tailored for the textile sector. The company offers eco-friendly materials, particularly its speciality fibres such as SeaCell™, which are derived from seaweed and lyocell.
Acegreen Eco-Material Technology Co., Ltd.
This China-based company focuses on the development of sustainable and eco-friendly materials. It also promotes the production of innovative, biodegradable, and recyclable fibres and polymers for multiple sectors, including textiles.
The comprehensive EMR report provides an in-depth assessment of the lyocell fibre market based on the Porter's five forces model along with giving a SWOT analysis.
Lyocell Fibre Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global lyocell fibre market attained a value of nearly USD 1188.97 million.
The market is projected to grow at a CAGR of 19.7% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 6023.77 million by 2032.
The major drivers of the market include the flourishing textile sector, increasing utilisation of lyocell fibre in the preparation of medical-grade non-woven products, growing technological advancements, the increasing demand for biodegradable cellulose fibres, and surging environmental consciousness.
The growing use of lyocell fibre in home textiles and apparel and the rising awareness regarding the benefits of lyocell fibre are the key trends guiding the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Staple fibre and cross-linked fibre are the various products considered in the market report.
The major applications of lyocell fibre are apparel, home textiles, medical and hygiene, and automotive filters, among others.
The major players in the market are Lenzing AG, Acegreen Eco-Material Technology Co., Ltd., and Smartfiber AG, among others.
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