Lyocell Fiber Market to cross $1.5bn by 2024: Global Market Insights, Inc.
SELBYVILLE, Del., Dec. 18, 2017 /PRNewswire-iReach/ -- The Asia Pacific Lyocell Fiber Market has been penetrated by several baby diaper brands, which will give a thrust to the industry. Rising disposable income of people in Asia Pacific has led to a high demand for baby diapers, which has augmented the product market growth. The region will grow with a substantial CAGR of approximately 8% by 2024. India and China will witness a soaring demand for baby diapers, owing to the high birth rates and rising awareness about pediatric hygiene. Indonesia has witnessed expansion of non-woven market which will accelerate the product market growth in the forecast period.
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The petrochemical fibers have been substituted by cellulosic man-made fibers, which has spurred the product adoption in the manufacturing processes. The pressure on synthetic fiber manufacturers has increased due to the increasing demand for naturally derived fibers. The product finds its application in various segments such as baby diapers, home textiles, apparels, automotive filters, surgical products and many more. The healthcare and wound care textiles segment is likely to grow at a robust pace, owing to the evolving technologies for recovery of surgical wounds, thus propelling lyocell fiber market.
Despite numerous opportunities, lyocell fiber market will face challenges due to its expensive pricing compared to the eco-friendly alternatives. Extra caring of delicate fabrics such as cold rinse, hand wash, and dry-clean can increase the maintenance costs as well. Also, the product shrinks up to 3% after the first wash. These factors will act as lyocell fiber market restraints in the coming years.
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Clothing and textiles is a diverse sector in Europe and has been subjected to technological transformations. Non-woven fabrics for automotive industry and medical sector have been produced in massive quantities in Europe, which will positively influence the lyocell fiber market. Europe will account for over 12% of the market share in 2024 due to presence of viable cost-effective substitute materials and their growing popularity over lyocell fibers, majorly in the apparels segment.
U.S. lyocell fiber industry is predicted to experience a notable growth over the next few years with the rise in the apparel exports. The presence of multinational brands in the textile sector across Mexico will spur the product popularity.
Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts from the report, "Lyocell Fiber Market Size By Product (Staple Fiber, Cross-linked Fiber), By Application (Apparels, Home Textiles, Surgical Products, Baby Diapers, Automotive Filters) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lyocell-fiber-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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