Increase in demand for lyocell fibers from the apparel, home, textiles, medical & hygiene, and filtration industries drives the growth of the global lyocell fibers market. Based on type, the staple fibers segment accounted for the major share in 2021. By region, on the other hand, Asia-Pacific would garner the fastest CAGR by 2031.
Portland, OR, Sept. 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global lyocell fibers market was estimated at $1.3 billion in 2021 and is expected to hit $2.7 billion by 2031, registering a CAGR of 8.2% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
No. of Pages in Report
Increase in demand for lyocell fibers from the apparel, home, textiles, medical & hygiene, and filtration industries
Eco-friendly production of lyocell fibers
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Lyocell fibers are highly demanded in the medical sector as it is used in medical dressings such as wound paddings, bandaging materials, tube bandages, wound gaze, underwear, nightwear for neurodermatitis patients, orthopedic supporting bandages, medical gauze, patches, compress, compression bandages, compression stockings, and plaster padding fabrics. This factor impacted the global lyocell fibers market positively.
At the same time, increase in awareness about health & hygiene and developments in the medical sector boosted the market growth even more.
The global lyocell fibers market is analyzed across product type, application, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on type, the staple fibers segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, on the other hand, would manifest the fastest CAGR of 9.8% throughout the forecast period. The filament fibers segment is also assessed in the report.
Request the Covid19 Impact Analysis @ https://www.alliedmarketresearch.com/request-for-customization/31479?reqfor=covid Based on application, the medical and hygiene segment garnered more than one-fourth of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 9.4% throughout the forecast period. The other segments analyzed through the report take in apparel, home textile, filtration, and footwear.
Based on region, the global lyocell fibers market across Asia-Pacific generated nearly half of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also showcase the fastest CAGR of 8.7% during the forecast period. The other provinces analyzed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global lyocell fibers market report include Acelon, Baoding Swan Fiber Co. Ltd, China Pouplas textile ltd, Lenzing Group, Great Duskan Corporation, Grasim Industrial Limited, Shanghai Lyocell fibers, Aditya Birla Yarn, Smart Fiber AG, Weiqiao Textile, Qingdoa Textile Group Fiber Textile, Acegreen, Sateri, Tamay Fiber Co. Ltd., and Chonbang Co Ltd. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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