Lyocell Fabric Market is Estimated to Witness Significant Growth due to increasing demand for sustainable fabrics

Lyocell fabric is a cellulose fiber derived from wood pulp through environmentally friendly solvent spinning process. It is breathable, absorbent and has a soft feel similar to cotton. Lyocell fabrics are gaining popularity in apparel, home furnishing and other industrial applications due to their eco-friendly production process. The growing awareness about reducing environmental footprint is propelling many brands and consumers to adopt sustainable fabrics like lyocell.

The global Lyocell Fabric Market is estimated to be valued at US$ 1.46 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The increasing demand for sustainable fabrics from apparel and textile industries provides potential growth opportunities for lyocell fabric market. Many leading fashion brands and retailers have introduced sustainability goals focusing on utilizing more eco-friendly materials. Lyocell being a cellulose fiber produced from wood pulp through solvent recovery process qualifies as a renewable and biodegradable material. The ability of lyocell to mimic cotton's comfort along with its sustainability credentials is boosting its adoption in apparel, home textiles as well as industrial uses. The robust demand from textile and fashion giants for sustainable materials is expected to drive higher consumption of lyocell fabric over the forecast period.

Porter's Analysis
Threat of new entrants: The lyocell fabric market is dominated by major players making it difficult for new entrants to gain foothold in the market without significant investment.
Bargaining power of buyers: The bargaining power of buyers is moderate since lyocell fabric has specialized applications and buyers have limited alternatives.
Bargaining power of suppliers: A few raw material suppliers tightly control supply making their bargaining power high against manufacturers.
Threat of new substitutes: Alternatives like modal and bamboo fabric pose threat of substitution but lyocell fabric has advantages of sustainability.
Competitive rivalry: Major players invest in R&D and expansion to sustain market share intensifying competition.

SWOT Analysis
Strengths: Lyocell fabric is sustainable, biodegradable and has moisture-wicking properties preferred in apparel and home textiles.
Weaknesses: Initial setup and production costs are high limiting small players; dependence on few suppliers of raw materials.
Opportunities: Rising demand from apparel, home furnishing and personal care sectors mainly in North America and Europe.
Threats: Volatility in raw material prices and stringent environmental regulations increase compliance costs.

Key Takeaways
The Global Lyocell Fabric Market Demand is expected to witness high growth over the forecast period. Lyocell fabric is an eco-friendly alternative to cotton and polyester favored by consumers and brands. The global Lyocell Fabric Market is estimated to be valued at US$ 1.46 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2024 to 2031.

Regional analysis: Europe currently accounts for over 35% of the global lyocell fabric demand led by countries such as Germany, UK, Italy and France. Stringent regulations regarding textile sustainability and bans on single use plastic products have supported market growth. Asia Pacific is expected to witness fastest gains over the forecast period led by China, India, Indonesia and Vietnam where textile production is growing rapidly.


Key players operating in the lyocell fabric market are Hexion, BASF SE, Georgia-Pacific Chemicals, Hexza Corporation Berhad, Metadyena, Jiangsu sanmu group Co. Ltd, Ashland, ARCL Organics Ltd., Kronoplus Limited, Advachem, Qafco, Sabic, Acron Group, Asta Chemicals, Melamin Kemična Tovarna D.D. Kočevje, and Arclin Inc. These players are investing in capacity expansions to cater to the growing demand.

For more details on the report, Read- https://www.pressreleasebulletin.com/lyocell-fabric-market-trends-size-and-share-analysis-2/

Get more insights on this topic: https://whotimes.com/change-harmony-exploring-the-dynamic-world-of-ion-exchange-membranes-for-applications/