The analysts forecast global lyocell fiber market to grow at a CAGR of 7.92% during the period 2018-2022. One trend in the market is increasing R&D activities.
The increase in R&D activities is expected to fuel the demand for lyocell fibers. Technological innovations, such as automation, are likely to reduce the operating costs.
R&D activities are increasing in the textile industry.
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Major key players in the global lyocell fiber market: Acelon Chemicals & Fiber Corporation, Birla Cellulose, China Populus Textile, LENZING, Swan Fiber, and Xinxiang Sunshining Textiles.
According to the lyocell fiber market report, one driver in the market is versatility of lyocell fibers. Lyocell fiber is a versatile and high-performance fiber that is commonly used in the manufacturing of woven and non-woven textile products.
In the initial days of the commercialization of this fiber, the lyocell fiber industry was focused on the apparel and fashion textile sector.
Further, the lyocell fiber market report states that one challenge in the market is declining prices of synthetic fibers. The global fiber market offers various natural and synthetic fibers.
Lyocell fiber is a man-made fiber derived from natural sources such as wood-based cellulose. Cotton, rayon, nylon, polyester, and polypropylene are some of the natural and synthetic fibers available in the market.
Synthetic fibers account for nearly 63%-67% of the global textile fibers market.
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Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?