Lyocell Fabric Market, By Product Type, By Application (Healthcare, Hygiene, Apparel, Home Textiles, Automotive, and Others), And by geography

The Lyocell Fabric Market is estimated to be valued at USD 1.34 Bn in 2024 and is expected to reach USD 2.14 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

Figure. Global Lyocell Fabric Market Value Share (%), By Region, 2024

Global demand for lyocell fabrics has been on the rise due to their applications in various industries such as textiles, healthcare, hygiene, automotive, and others. Lyocell fabric is a natural fiber made from wood pulp. This regenerated cellulose fiber is usually sold under the brand name, Tencel, in the U.S. Lyocell fabric is a biodegradable fiber made with wood pulp from sustainable tree farms using a solvent spinning technique. Major applications of lyocell fabric are in the garment industry. It is also used in manufacturing of various other products such as ropes, bandages, abrasive materials, automotive filters, and protective suiting materials.

Market Dynamics

Lyocell fabric offers various properties such as softness, strength, absorbency, and wickability compared to other cellulosic fibers which makes it a preferable choice in hygiene sector for manufacturing products such as wet wipes and sanitary napkins. Factors such as rising health & hygiene awareness among people, coupled with increasing disposable income of people across the globe have led to increasing demand for lyocell fabrics for manufacturing hygiene products. For instance, according to a report by Bureau of Economic Analysis report in May 2022, disposal income increased $113.4 billion in 2022 with 5% increase from the previous year 2021. Thus, increasing demand for hygiene products is expected to drive demand for lyocell fabric over the forecast period.

The main component of lyocell fabric, cellulose, is obtained from forests and its production does not result in by-products which are harmful for the environment and human health. Owing to rising environmental concerns, demand for lyocell fiber is increasing across the globe. Furthermore, rising technological advancements have paved way to produce lyocell fiber using cutting-edge N-methyl morpholine-N-oxide (NMMO) technology. This technology is resource-conserving, simple, and environment-friendly in comparison to conventional manufacturing processes.

Among product type, staple fiber held a significant market share in the year 2021. Staple fibers are prominently used in the production of heavy-use objects such as blankets, coats, rugs, and wrap threads. Rising demand for housing products is anticipated to fuel demand for blankets, rugs, and carpets over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global lyocell fabric market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global lyocell fabric market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Lenzing A.G., Aditya Birla Group, AkzoNobel N.V., Smartfiber AG, Nien Foun Fiber Co., Ltd., Invista , Baoding Swan Fiber Co. Ltd., Qingdao Textiles Group Fiber Technology Co., Ltd., China Bambro Textile (Group) Co., Ltd., Acegreen Eco-Material Technology Co. Ltd., China Populus Textile Ltd., and Acelon Chemicals & Fiber Corp
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global lyocell fabric market report caters to various stakeholders in this industry including investors, suppliers, lyocell fabric packagers, providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lyocell fabric market

Detailed Segmentation:

• By Product Type :
  • Staple
  • Filament
• By Application:
  • Healthcare
  • Hygiene
  • Apparel
  • Home Textile
  • Automotive
  • Others (Cigarette Filters, etc.)
• By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Company Profiles
  • Lenzing A.G.
  • Aditya Birla Group
  • AkzoNobel N.V.
  • Smartfiber AG
  • Nien Foun Fiber Co., Ltd.
  • Invista
  • Baoding Swan Fiber Co. Ltd.
  • Qingdao Textiles Group Fiber Technology Co., Ltd.
  • China Bambro Textile (Group) Co., Ltd.
  • Acegreen Eco-Material Technology Co. Ltd.
  • China Populus Textile Ltd.
  • Acelon Chemicals & Fiber Corp