Lyocell Fiber Market Size, Share & Trends Analysis Report By Product Analysis, Application Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global lyocell fiber market is expected to register notable gains on account of the widening application scope due to its superior orientation, long fiber lengths, and a high degree of orientation. The fiber uses bleached wood as the raw material, thereby accounting for a high degree of adoption due to emphasis on the reduction in the use of plastic-based products. The industry is also expected to benefit from the environment-friendly nature of the product coupled with the ease of biodegradability.

The lyocell fibers market is also expected to register remarkable growth on account of the shrink resistance, which has emerged as a primary factor promoting the substitution of rayon fibers in the textile application. In addition, the product can be easily dyed and used in combination with other synthetic and natural fibers, which leads to an increase in the demand across applications in the textile industry.

Wood is the essential raw material used for the manufacture of lyocell products. Increasing emphasis on sustainable wood cultivation is expected to have a positive impact on market growth. Growing demand for the production of cellulose-based products in the wake of rejection the petroleum-based products is expected to benefit the market growth. In addition, growing reliance on the naturally sourced products by major manufacturers in application industries such as automotive, textile, and medical is likely to propel the industry growth. Furthermore, growing efforts undertaken by the national governments across the globe to eliminate or reduce the proportion of plastic materials is expected to benefit the industry growth over the forecast period.

The industry has been segmented on the basis of product into staple and cross-linked. The demand for staple fibers is expected to be driven majorly by the rising usage in the textile industry. Growing demand for such products for the manufacture of denim, towels, and other apparel is expected to provide the necessary impetus to the lyocell fiber market growth over the next seven years.

The demand for cross-linked fiber is anticipated to exhibit notable gains on account of the use of the product in jersey fabrics, knitwear, and non-woven fabrics. Increasing use of the product in the production of household textiles such as drapes, bedsheets, and curtains is expected to drive the market growth over the forecast period. The demand for the product is also expected to register notable gains on account of the usage in the automotive industry.

The lyocell fiber market is segmented on the basis of application into medical, textiles, hygiene, automotive, aerospace, and others. Textile accounts for the majority of the share of the market on account of ease of knitting the product to manufacture household fabrics and apparel. In addition, the high durability of the product also facilitates the usage in the production of fabrics which in turn benefits the industry growth. The presence of a notable textile manufacturing industry in China and India coupled with increasing efforts undertaken by the government to increase textile production is expected to drive the market growth over the forecast period.

Growth of the automotive and aerospace production coupled with increasing incorporation of naturally sourced fibers in the interior applications of the aforementioned industries are expected to emerge as the major factors driving the industry growth over the forecast period. In addition, superior performance of the fibers such as strength and stretch-ability are expected to drive the industry growth over the next seven years. Furthermore, the industry is expected to exhibit notable gains on account of the rise in substitution of the conventionally used petrochemical fibers with lyocell fibers.

Increasing demand for the product in the manufacture of hygiene products such as baby and adult diapers is expected to drive the market growth over the forecast period. Rising expenditure of the consumers on healthcare and hygiene products is likely to emerge as the major factor spurring the industry growth over the period forecasted. In addition, growing awareness of the consumers across the globe, towards the usage of hygiene products is likely to benefit the industry growth.

Asia Pacific is expected to emerge as the major region driving the industry growth on account of the presence of a notable manufacturing base of the textile and automotive industry. In addition, significant GDP growth in the Indian and Chinese economies is likely to drive the demand for lyocell fibers, which is further expected to promote the lyocell fiber market growth over the forecast period.

Key market players are involved in the production of advanced fibers to facilitate the use across the various applications. Major players in lyocell fibers include Aditya Birla Group, Lenzing AG, Smart Fiber AG, AkzoNobel, Acelon Chemicals, Lenzing AG, Qingdao Textiles Group Fiber Technology Co., Ltd., etc.