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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.
Lyocell Fibre Market Analysis
The global market is driven by the extensive use of the product in the apparel and home textile industries. This can be attributed to the fact that they have tenacity and absorption efficiency, which is why these are preferred over other types of fibres, like cotton and rayon. In addition to this, due to the increasing demand for eco-friendly and biodegradable cellulose fibres, the use of lyocell fibre has gained popularity among manufacturers.
The growth of the lyocell fibre industry is further aided by several factors, such as being easily disposable by landfilling, sewage digestion, or burning after usage. Moreover, as lyocell fibres are sans any toxic compounds, they are ideal for the manufacture oaxf medical-grade non-woven products.
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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