The global lyocell fabric market was pegged at 415.6 KT in 2018, according to Lyocell Fabric Market Report, by Product Type (Staple and Filament), by Application (Healthcare, Hygiene, Apparel, Home Textiles, Automotive, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights. The global lyocell fabric market is projected to reach 745.9 KT by 2027, exhibiting a CAGR of 6.8% during the forecast period (2019-2027). Lyocell fabric is used in manufacturing non-woven products due to various advantages it offers such as high dry & wet tenacity and high wet modulus. Lyocell fabric offers excellent softness, strength, absorbency, and wickability compared to other cellulosic fiber. These factors have led to an increase in demand for lyocell fabrics in the hygiene sector for manufacturing wet wipes and sanitary napkins. Rising health & hygiene awareness and increasing healthcare spending by consumers is projected to increase demand for hygiene products throughout the forecast period. According to the Center for Medicare & Medicaid Services, in 2017, health care spending in the U.S. grew 3.9%, to reach about US$ 10,739 per person.
High price of lyocell fabrics is a key factor restraining growth of the market. The cost of production is high due to the technology used in production of lyocell fabrics, which results in a shift in consumer preference towards alternative products. For instance, price of lyocell fabric ranges between US$ 2,200-2,400 per ton, whereas that of polyester fabric ranges between US$ 12,00-1,500 per ton.
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