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Lyocell Fiber Market to Trace Exponential Gain Till 2024; Boosted by The Healthcare Industry

Author : Ronak Bora | Published Date : 2019-08-07 

Strong growth in the healthcare industry will also boost the lyocell fiber market. Growing awareness regarding the usage of sterilized products, along with increasing biodegradable fibers acceptance is driving industry growth. The anti-bacterial characteristics of the product make it highly suitable for usage in manufacturing surgical products, which will further complement the lyocell fiber market growth.

The environment friendly manufacturing process is one of the major factors that will propel the lyocell fiber market growth over the coming years. Chemicals used in the manufacturing process does not pose any environment threat as they are employed in minimal quantities. Favorable government regulations regarding the adoption of sustainable fibers for the textile industry will further drive lyocell fiber market by 2024.

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Apparel segment led the global lyocell fiber market and will exhibit promising gains by 2024. The desirable traits such as absorbent qualities and softness will drive lyocell fiber market for apparels. The segment includes products such as denim, casual wear, sportswear, knitwear, coats, and various products. In 2016, this segment accounted more than 50% of global lyocell fiber market share. The growing online retail trading will further aid the growth of this segment over the coming years.

Lyocell fibers find extensive applications in automotive filters, cigarette filters, apparels, baby diapers, surgical items, vehicle carpets, and home textiles. Apparels sector, which accounted for over 50% of lyocell fiber industry share in 2016, is predicted to contribute extensively toward lyocell fiber market share over the next few years. Eco-friendly nature of the product along with its beneficial characteristics such as softness & porousness will favorably affect the business revenue.

The textile and apparel sectors across Europe have witnessed a slew of technological innovations of late. Surging production of non-woven fabrics for medical and automobile industries along with the presence of big manufacturing giants across the region has augmented the product demand. Europe is expected to contribute more than 12% toward lyocell fiber market share by 2024, with UK, France, and Germany being the major revenue contributors.

Asia Pacific held the highest share in both revenue and volume and would grow with the similar trend over the forecast timeframe. Growing textiles industry, coupled with enhanced consumer living standards in this region are triggering the lyocell fiber market size. In 2016, the regional industry was more than USD 550 million and will grow at a rapid pace by 2024.

Key industry share contributors of lyocell fiber market are Acegreen Eco-Material Technology, Baoding Swan, Lenzing, China Populus, Qingdao Textiles Group, Chonbang, smartfiber, and Acelon Chemicals.

Glimpse of Table of Content (ToC)

Chapter 3.  Lyocell Fiber Market Insights

3.1.  Lyocell Fiber Market segmentation

3.2.  Industry size and forecast, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.         Increased demand for the product in apparel manufacturing

3.4.1.2.         Eco-friendly production of lyocell fiber

3.4.2.     Industry pitfalls & challenges

3.4.2.1.         Expensive nature of lyocell fiber than its counterparts

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Porter’s analysis

3.8.  Company market share analysis, 2016

3.8.1.     Strategy dashboard

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lyocell-fiber-market

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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