- The overwhelming demand across the apparel industry is estimated to bring immense growth opportunities for the lyocell fibers market during the assessment period of 2019-2027
- According to the projections by Transparency Market Research (TMR), the lyocell fibers market is prognosticated to expand at a CAGR of ~12 percent between 2019 and 2027
ALBANY, N.Y., July 5, 2021 /PRNewswire/ -- Known to be eco-friendly and comfortable, lyocell fibers have come a long way in terms of demand and popularity. The quality of lyocell fibers makes them a preferred choice among a large chunk of the global populace. The growing popularity of lyocell fibers will have a massive impact on the global lyocell fibers market across the assessment period of 2019-2027.
Lyocell is a cellulose fiber made from dissolving pulp. It is then reconstituted by dry jet-wet spinning. It is commonly used as a substitute for silk or cotton. Lyocell is made from natural materials via a closed-loop manufacturing process. Many advantages are associated with lyocell over other materials like cotton and polymer, which help add extra stars of growth.
Lyocell fibers are utilized in many industries ranging from medical, textile, pulp, and paper. These fibers are used to make shirts, denim, linens, towels, trousers, and others. The expanding use of lyocell fibers among many applications and end-users will bring tremendous growth prospects.
Transparency Market Research (TMR) has conducted comprehensive research on all the aspects associated with the growth of the lyocell fibers market. The TMR experts predict the lyocell fibers market to record a healthy CAGR of ~12 percent across the forecast period of 2019-2027. The global lyocell fibers market was valued at ~US$ 818 mn in 2018 and is estimated to reach a value of ~US$ 2.2 bn by 2027, the end year of the forecast period.
The properties etched with lyocell fibers will play a large role in increasing the growth rate. High tensile strength, antimicrobial activity, and exceptional absorbency help in boosting the usage of lyocell fibers in textile and apparel industry. The inclination of many individuals toward sport and fitness activities is also helping in propelling the growth opportunities in the lyocell fibers market. Overall, the future of the lyocell fibers market looks bright.
Rising Environmental Concerns Pushing the Demand for Lyocell Fibers to a Considerable Extent
Materials like polyester can prove harmful to the environment as they generate by-products that are hazardous and can have repercussions. Unlike polyester, lyocell fiber's primary component, cellulose, is derived from well-managed forests and does not generate any by-products that negatively affect the environment. In addition, the production of fabric from wood pulp is more eco-friendly than the process associated with cotton plants. Such developments help in spinning a strong web of growth across the lyocell fibers market.
Technological Advancements to Help in the Overall Growth of the Lyocell Fibers Market
Nowadays, advanced technologies are helping in adding up to the sustainability quotient. Lyocell fibers are now developed or created using the advanced N-methyl morpholine-N-oxide (NMMO) technique. It is a simple technique of cellulose fiber regeneration. Thus, these factors bode well for the growth of the lyocell fibers market.
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