Global Lyocell Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 9.5% from 2024 to 2030.
The Lyocell market has been experiencing remarkable growth in recent years, driven by an increasing demand for sustainable and eco-friendly textiles. Lyocell, a regenerated cellulose fiber derived from wood pulp, is recognized for its luxurious feel, durability, and biodegradability. With the growing emphasis on sustainable production and consumption, Lyocell has become a go-to material for eco-conscious fashion brands and consumers alike.
One of the main reasons for the surge in Lyocell's popularity is its environmentally friendly production process. Unlike conventional textiles, which often rely on harmful chemicals and water-intensive processes, Lyocell is produced using a closed-loop process that recycles water and solvents, making it a more sustainable alternative. This has led to Lyocell being embraced by industries aiming to reduce their environmental footprint.
In terms of market dynamics, Asia-Pacific is currently the largest market for Lyocell, driven by growing demand from the textile and apparel industries. The region has witnessed a surge in both production and consumption of sustainable fabrics, as consumers become more conscious of the environmental impact of their clothing choices. European countries are also seeing increased adoption of Lyocell, particularly among high-end fashion brands seeking to appeal to eco-conscious consumers.
The global demand for Lyocell is expected to continue rising, with the fabric gaining traction in various sectors, including home textiles, medical products, and industrial applications. Not only is it used for making clothing, but its absorbent and soft qualities also make it ideal for products like wipes and bandages. With such versatility and growing consumer demand for sustainable options, the Lyocell market is set for continued expansion in the years to come.
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Lenzing
Hi-Tech Fiber
Shangtex Holding
Acelon Chemicals and Fiber
City Victor
Chonbang
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lyocell Market
Apparels
Home Textiles
Others
Based on Types the Market is categorized into Below types that held the largest Lyocell market share In 2023.
Normal Lyocell Fiber
Crosslinked Lyocell Fiber
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Lyocell Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lyocell Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lyocell Market, By Type
6. Global Lyocell Market, By Application
7. Global Lyocell Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Lyocell Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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