Global Lyocell Fiber Market 2018-2022
About Lyocell Fiber
Lyocell fibers are generally derived from cellulose that is found in plant cells. They are man-made fibers and are widely used in the production of textile fibers. They are environment-friendly and are used in a wide range of applications, including apparel, home textiles, and medical. Lyocell fibers are made from natural raw materials and are 100% biodegradable. Acelon Chemicals & Fiber Corporation, Birla Cellulose, China Populus Textile, LENZING, Swan Fiber, and Xinxiang Sunshining Textiles are some of the key lyocell fiber vendors.
Technavio’s analysts forecast the global lyocell fiber market to grow at a CAGR of 7.92% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global lyocell fiber market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lyocell Fiber Market 2018-2022
Technavio recognizes the following companies as the key players in the global lyocell fiber market: Acelon Chemicals & Fiber Corporation, Birla Cellulose, China Populus Textile, LENZING, Swan Fiber, and Xinxiang Sunshining Textiles.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing R&D activities. The increase in R&D activities is expected to fuel the demand for lyocell fibers. Technological innovations, such as automation, are likely to reduce the operating costs. R&D activities are increasing in the textile industry.”
According to the report, one driver in the market is versatility of lyocell fibers. Lyocell fiber is a versatile and high-performance fiber that is commonly used in the manufacturing of woven and non-woven textile products. In the initial days of the commercialization of this fiber, the lyocell fiber industry was focused on the apparel and fashion textile sector.
Further, the report states that one challenge in the market is declining prices of synthetic fibers. The global fiber market offers various natural and synthetic fibers. Lyocell fiber is a man-made fiber derived from natural sources such as wood-based cellulose. Cotton, rayon, nylon, polyester, and polypropylene are some of the natural and synthetic fibers available in the market. Synthetic fibers account for nearly 63%-67% of the global textile fibers market.
Acelon Chemicals & Fiber Corporation, Birla Cellulose, China Populus Textile, LENZING, Swan Fiber, and Xinxiang Sunshining Textiles.