Global lyocell fabric market was estimated to be valued at US$ 1.1 Billion in 2021,  according to the Lyocell Fabric Market Report, by Product Type (Staple and Filament), by Application (Healthcare, Hygiene, Apparel, Home Textiles, Automotive, and Others(Cigarette Filters, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by, published by Coherent Market Insights.  

Global lyocell fabric market was valued at US$ 1.1 Billion in 2021. Lyocell fabric market is expected to register a CAGR of 6.9% over the forecast period (2022–2030). Asia Pacific region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/lyocell-fabric-market-2765

Browse 50 market data tables* and 40 figures* on "Global Lyocell Fabric Market” - Forecast to 2030.

Key Trends and Analysis of the Global Lyocell Fabric Market:

  • Increasing preference for organic clothing among the populace is expected to boost growth of the lyocell fabric market. Lyocell fabric is used for manufacturing seat covers and battery separators in the automotive industry. Players operating in the automotive industry are focused on reducing the weight of vehicles to increase fuel economy, by replacing leather with lighter fabrics such as lyocell.

Key Takeaways of the Global Lyocell Fabric Market:

  • Lyocell fabrics possess excellent microfiber structure, good thermal stability and chemical resistance. These properties are suitable to manufacture filter media for oil, fuel & air purification in healthcare, food & beverage industries. Therefore, increasing demand for clear & durable filter media from these industries is projected to positively impact growth of the lyocell fabric market in the forecast period.
  • Asia Pacific is projected to be the largest and fastest growing market for lyocell fabric over the forecast period. Large populations in India and China coupled with increasing internet penetration rates has led to lyocell fabric market growth. Rise in disposable income is driving the spending power of the people in these countries. This, in turn, is expected to boost the lyocell Fabric market. Asian countries such as Vietnam, Thailand, and Indonesia are seeing the opening of several new footwear factories and use of lyocell fiber in footwear is increasing, which would drive demand for lyocell fabric in these countries.
  • North America provides the lyocell fabric market with ample growth opportunities. Leather usage is expected to decline in North America and Europe, owing to the strict emission and waste generation regulations in these regions such as Resource Conservation and Recovery Act in North America. Such factors are expected to create growth opportunities for manufacturers of lyocell fabrics to expand their presence in these regions.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities in the lyocell fabric market are key strategies adopted by players in the global lyocell fabric market. For instance, in July 2019, Lenzing group completed expansion of its wood pulp plant based in Lenzing (Austria). The plant capacity was increased from 3, 00,000 to 3,20,000 tons per year. The expansion would help the company to achieve its aim of increasing self-supply of wood pulp to 75%.

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