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Lyocell fiber is a type of rayon, which is manufactured from dissolving pulp or bleached wood pulp, which contains cellulose. Jet-wet spinning is the manufacturing process used for the product. It shows similar properties when compared with the cellulose fibers such as linen, ramie, cotton, and viscose rayon. Moreover, lyocell fiber offers absorbent, lightweight, soft, breathable, durable, wrinkle-resistant properties. These benefits make it capable of replicating a range of textures which include leather silk, and suede. The product finds its use in apparel, home textiles, medical and hygiene, and automotive filters applications.
The rising demand for lyocell fiber from various applications will flourish the market growth. The characteristics such as shrink resistance, eco-friendly, and biodegradable, and durability makes lyocell fiber a preferred choice in various industries. The product finds its high use in non-woven products which include home textiles, surgical products, and baby diapers. The rapid development in the healthcare industry coupled with growing awareness of using sterilized products has also boosted the lyocell fiber market. Hence, these factors will boost the need for lyocell fiber and will aid to fuel the market growth during the forecast timeline.
However, fluctuations in raw material prices impact the overall demand for lyocell fiber. This restricts the product demand and is anticipated to hamper the market growth.
Key Market Driver -
Increasing product demand from various applications to drive the market growth.
Key Market Restraint -
Fluctuation in the raw material prices to hamper the market growth
Based on product, the lyocell fiber market is segmented into staple fiber and cross linked fiber. Based on application, the market is segmented into apparel, home textiles, medical and hygiene, automotive filters, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the lyocell fiber market include 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, and Acelon Chemicals & Fiber Corp.
Asia Pacific is estimated to witness sustainable growth in the lyocell fiber market. The growth is attributed to the rising product demand in the healthcare industry. The increasing product adoption in the apparel and home textile will fuel the market growth in Europe. The rising demand for lyocell fiber in automotive filters will propel the market growth in North America, In which the US and Canada are the leading countries. The Middle East & Africa is anticipated to witness significant growth, owing to the increasing product demand in medical hygiene.
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