Lyocell fabric, also known as Tencel, has several advantages over cotton such as higherabsorbency, natural appearance and feel, high wet strength and ability to retain shape after washing. Lyocell fabric is made from wood pulp using a solvent spinning process that does not use harsh chemicals and biodegrades faster than cotton.
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 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the growth of the lyocell fabric market is its increasing popularity as an eco-friendly substitute for cotton. Lyocell production process uses cellulose pulp from sustainably managed forests and recycles its own solvents, reducing its environmental impact considerably over cotton. Growing consumer awareness about the damaging effects of synthetic fabrics like polyester on the environment is boosting the demand for lyocell fabrics worldwide. textile manufacturers are increasingly adopting lyocell as it provides breathability and moisture absorption on par with cotton while needing less water, chemicals, and energy for production. The eco-friendly production process and superior properties compared to cotton are expected to help lyocell fabric gain wider acceptance among consumers and propel the market growth over the forecast period.
Segment Analysis
The global lyocell fabric market is dominated by the apparel segment. Due to its characteristics such as softness, absorbency and drapeability lyocell fabric has become very popular in clothing. The apparel segment accounted for around 60% of the overall lyocell fabric market share in 2024 due to increasing demand for sustainable fabrics in this industry.
Key Takeaways
The global lyocell fabric market analysis is expected to witness high growth over the forecast period of 2024 to 2031. Factors such as increasing consumer awareness about eco-friendly fabrics and growing textile industry are expected to drive the demand for lyocell fabric. 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 2024-2031.
Regional analysis:
The Asia Pacific region dominated the global lyocell fabric market in 2024 with a share of over 35%. China, India, Indonesia and Vietnam are major markets in this region due to presence of large textile industries. Asia Pacific is expected to remain the fastest growing regional market during the forecast period due to growing middle class population and their rising spending on clothing in countries like India and Vietnam.
Key players:
Key players operating in the lyocell fabric market are Hexion, BASF SE, Georgia-Pacific Chemicals, Hexza Corporation Berhad, Metadynea, Jiangsu sanmu group Co. Ltd, Ashland, ARCL Organics Ltd., Kronoplus Limited, Advachem, Qafco, Sabic, Acron Group, Asta Chemicals, Melamin KemiÄna Tovarna D.D. KoÄevje, and Arclin Inc. Major players are focusing on expanding their production capacities and geographical reach to tap the growing demand in Asia Pacific and Middle East & African regions.
Get more insights on this topic: https://www.newswirestats.com/lyocell-fabric-market-industry-insights-trends-lyocell-fabric-market/
Comments
0 comment