5 March 2019: Lyocell
Fiber Market is anticipated to rise at a CAGR of 7.27% during
the forecast period. The market is driven by rise in apparel segment accounting
for a major share in the global market. The features offer superior absorbent
and ductile qualities for home textiles. In addition, biodegradability of
Lyocell are likely to contribute to the market growth during the forecast
period.
Extensive use of Lyocell in manufacture of baby diapers and
surgical products are most likely to propel the market growth during the
forecast period. Lyocell is widely used in the fiber and apparel industry,
which is directly proportional to manufacture of textiles. Rising awareness in
consumers towards the use of decontaminated products is anticipated to drive
the market growth.
The market is segmented by product into cross-linked fiber
and staple fiber. Application segment for Lyocell fiber market comprises
surgical products, apparels, home textiles, automotive filters and baby diapers.
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Lyocell Fiber Market
by Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Lyocell Fiber Market
by Key Manufacturers:-
•
Lenzing AG
•
China Hi-Tech Group Corporation
•
Shangtex Holding Co. Ltd.
For detailed
Information of Market Dynamics, Size, Trends, Visit our report at: https://www.millioninsights.com/industry-reports/lyocell-fiber-market-outlook
Market is geographically segmented as North America, South
America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are
likely to account for a significant CAGR during the forecast period owing to
significant population and rise in improvement in standard of living. Rapid
urbanization and increasing consumerism in APAC sector triggers the market
growth for the forecast period.
North America and European market is most likely to gain a
higher traction during the forecast period as the markets are highly developed
and the demand for Lyocell is expected to grow during this period.
The key players profiled in the lyocell fiber market include
Acegreen Eco-Material Technology Co Ltd, Aditya Birla Group, Baoding Swan Fiber
Co Ltd, Neien Foun Fier Chonbang Co Ltd, Zheijang Yaojiang Industrial Group,
Weiqiao Textile Company Limited, China Populous Limited, Akzo Nobel, Smartfiber
AG and Qingdao Textiles Group Fiber Technology Co Ltd.
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