OCEAN VIEW, Delaware, July 18, 2017 /PRNewswire/ --
The industry growth 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." by Global Market Insights, Inc. says Lyocell Fiber Market is set to exceed USD 1.5 billion by 2024.
Fashion trends have changed rapidly over the past few years and will continue to do so in the coming years, which will drive the industry growth. Modern technology and fibers have been developed which have escalated the use of better quality materials and has driven the lyocell fiber marker demand. Brands have started focusing on fibers that can be recycled and can be reused after the end of a product's lifecycle.
Government initiatives have been taken to adopt sustainable fibers for textile and apparels industry. The apparels segment in North America accounted for a major chunk of the product share (over 40%) in 2016. The environment friendly production process of the material also acts as a major driver to boost the lyocell fiber market. There has been a significant impact through social media on the apparel segment, which in turn has positively influenced the industry.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1822
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.
Browse key industry insights spread across 110 pages with 143 market data tables & 11 figures & charts from the report, "Lyocell Fiber Market Share & Forecast, 2017 - 2024" in detail along with the table of contents:
Cellulose fibers are used for the manufacturing of superior quality textiles which have boosted the lyocell fiber market. The fiber is biodegradable, natural in nature and economical in use which is obtained from natural cellulose found in wood pulp. Also, the fabric has natural breathability and with a superior moisture absorption capacity than cotton. Moreover, due to its moisture management properties, lyocell is also anti-bacterial in nature. These properties will open new growth avenues in various new products for lyocell fiber market in coming years.
The Asia Pacific market has been penetrated by several baby diaper brands, which will give a thrust to the lyocell fiber market. 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.
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.
Some of the major industry players in lyocell fiber market include Lenzing AG, Baoding Swan Fiber Co, Acegreen Eco-Material Technology, China Populus Textile, Chonbang, Qingdao Textiles Group Fiber Technology, Acelon Chemicals & Fiber Corporation and smartfiber AG.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1822
Browse Related Reports:
- Leather Chemicals Market Forecast, 2017 - 2024
Leather Chemicals Market size was more than USD 6 billion in 2016 and is estimated to witness growth over 6% over the forecast timespan. Escalating leather demand across the globe for manufacturing footwear, apparels, etc. will positively influence the leather chemicals market size over the projected timeframe. The product is majorly used in leather processing in order to produce fine finished products.
- Rubber Anti-Tack Agents Market, Forecast, 2016 - 2024
Rubber Anti-tack Agents Market size was valued at USD 316.4 million in 2015 and is forecast to experience gains exceeding 4% CAGR over the forecast timeframe. Global rubber anti-tack agents market size is mainly driven by increasing product usage in tire manufacturing. Rising modifications in rubber processing and rapid growth in end-user industries such as automotive will positively influence the industry growth over the forecast timeframe.
About Global Market Insights
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.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: +1-888-689-0688
Email: [email protected]
SOURCE Global Market Insights, Inc.