Apparel segment led the global lyocell fiber market and will exhibit promising gains by 2024.
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Lyocell Fiber Market in healthcare Application is expected to grow steadily during the forecast time span. 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 industry by 2024.
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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.
Strategic partnerships and regional expansions have played a significant role in influencing lyocell fiber market trends over the recent years. For instance, Santoni, a leading Italian firm producing circular knitting machines, has collaborated with Lenzing AG, to produce tencel branded fibers in its new denim undertaking. In a potential bid to raise the overall revenue of its specialty fibers sector, Lenzing AG, one of the key manufacturers in the cellulose fiber industry, is expected to establish a lyocell fiber manufacturing unit in Thailand by 2020, a factor which is forecast to bring about a plethora of changing dynamics in global lyocell fiber market.
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 industry share. The growing online retail trading will further aid the growth of this segment over the coming years.
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U.S. lyocell fiber market is predicted to experience a notable growth over the next few years with the rise in the apparel exports. The presence of multinational brands in the textile sector across Mexico will spur the product popularity. 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 5. Lyocell Fiber Market, By Application
5.1. Lyocell fiber market share by application, 2016 & 2024
5.2. Apparels
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Home textiles
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Surgical products
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Baby diapers
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Automotive filters
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Others (Cigarette filters, vehicle carpeting, etc.)
5.7.1. Market estimates and forecasts, 2013 - 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024
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