Global Lyocell Rayon Market Size By Product (Staple Fiber, Cross Linked Fiber), By Application (Apparel, Home Textiles, Medical and Hygiene), By Geographic Scope And Forecast
Report ID: 129206|No. of Pages: 202
Global Lyocell Rayon Market Size By Product (Staple Fiber, Cross Linked Fiber), By Application (Apparel, Home Textiles, Medical and Hygiene), By Geographic Scope And Forecast
Lyocell Rayon Market Size And Forecast
Lyocell Rayon Market size is growing faster with substantial growth rates over the last few years, and it is estimated that the market will grow significantly in the forecasted period, i.e., 2023 to 2030.
Lyocell fibers are eco-friendly and biodegradable fabrics that are in demand worldwide. Additionally, research shows that it performs better than cotton and other textiles. Lyocell exhibits a range of qualities, from being silky smooth to being rough and strong, and because it is used to make a variety of products, including bed linens, jeans, shirts, T-shirts, trousers, and even towels, this has increased lyocell’s appeal and the growth of the market. The Global Lyocell Rayon Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
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Global Lyocell Rayon Market Definition
Lyocell is a subset of rayon made from wood pulp from oak and birch trees or cellulose fiber from cotton lining. This new generation of solvent-spun cellulosic fibers is the first of its kind. It is used to create various stylish textile materials that are comfortable to wear and have good physical performance. One of the naturally plentiful materials on earth is cellulose. Lyocell is great for nonwoven fabrics and papers because of its physical performance and absorbency.
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Global Lyocell Rayon Market Overview
The need for an environmentally friendly technique that uses renewable resources as its raw ingredients is a key reason for the growth of the Lyocell Rayon Market. Due to the closed-loop production method, Lyocell is naturally the most environmentally benign of the naturally regenerating fibers. However, different fabric and apparel producers have varied practices. Due to its inherent breathability, this material can hold twice as much moisture as cotton. Because it can absorb excess moisture and is suitable for sensitive skin, it is used in hygiene goods such as infant and adult diapers, which are also one of the market sectors anticipated to experience the fastest growth.
With high disposable income and a changing lifestyle, consumers are more likely to purchase products with significant benefits and comfortable clothing as the population grows, expanding the market. Being in the population stage where there are the most young people inevitably makes one a significant consumer of this rayon. Additionally, a rise in the proportion of women in the workforce demonstrates higher income equality and a rise in the number of households with two incomes, leading to enormous aggregate demand.
Global Lyocell Rayon Market Segmentation Analysis
The Global Lyocell Rayon Market is Segmented on the basis of Product, Application, and Geography.
Lyocell Rayon Market, By Product
- Staple Fiber
- Cross Linked Fiber
Based on Product, The market is segmented into Staple Fiber and Cross Linked Fiber. The Staple Fiber segment is anticipated to dominate the Global Lyocell Rayon Market. These fibers are frequently employed in the textile and apparel industries to create fabrics and clothes. Because of alterations in lifestyle and fashion tastes, urbanization tends to raise demand for textiles and clothes, which helps the market for staple fibers.
Lyocell Rayon Market, By Application
- Apparel
- Home Textiles
- Medical and Hygiene
- Others
Based on Application, The market is segmented into Apparel, Home Textiles, Medical and Hygiene, and Others. The Apparel segment is anticipated to dominate the Global Lyocell Rayon Market. Lyocell is increasingly in demand in the apparel sector due to shifting consumer tastes, a focus on sustainability, and a move towards eco-friendly and comfortable clothing options. Lyocell is set to play an increasingly significant role in the fashion and apparel business as these trends continue to gain traction.
Lyocell Rayon Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, Global Lyocell Rayon is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific will hold the largest Global Lyocell Rayon Market. The expansion is linked to the expanding demand for products in the healthcare sector. Additionally, the market expansion will be fueled by the rising product acceptance in textiles for the home and clothing.
Key Players
The “Global Lyocell Rayon Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Lenzing AG, Aditya Birla Management Corporation Pvt. Ltd., Nien Foun Fiber Co., Ltd., CHONBANG Co., LTD., Weiqiao Textile Company Limited, Acelon Chemicals & Fiber, Smartfiber AG, Shangtex Holding Co., Ltd, Zhejiang Province Yaojiang Industry Group Co., Ltd, ACEGREEN ECO-MATERIAL TECHNOLOGY CO., LTD., Baoding swan Fiber Co., Ltd, DUKSAN COMPANY, INVISTA, and Grasim Industries Limited.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- In April 2022, Evrnu, a textile company, launched what it claims is the first high-performance, recyclable lyocell material created exclusively from cotton textile waste. The 100% NuCycl r-lyocell cotton waste product also allows the material to preserve complete recyclability.
- In March 2022, Birla Cellulose, the pulp and fiber division of Grasim Industries Ltd., a flagship company of the Aditya Birla Group, announced that it had completed the first pilot scale spin of environmentally friendly next-generation lyocell fiber containing 20% microbial cellulose from Nanollose Limited (ASX: NC6) (Nullarbor-20TM).
- In March 2022, The Lenzing Group, a leading provider of specialized fibers derived from wood, announced the conclusion of its significant lyocell expansion project in Thailand. With a nameplate capacity of 100,000 tons annually, the new plant, the biggest of its kind in the world, began production on schedule and will help to meet the rising customer demand for lyocell fibers bearing the TENCELTM brand even better.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Lyocell Rayon Market. We cover the major impacting factors driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Lyocell Rayon Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| KEY COMPANIES PROFILED | Lenzing AG, Aditya Birla Management Corporation Pvt. Ltd., Nien Foun Fiber Co., Ltd., CHONBANG Co., LTD., Weiqiao Textile Company Limited, Acelon Chemicals & Fiber, Smartfiber AG. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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Industry Analysis Matrix
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