Latest Market Research Trends Lyocell Fiber Market Share by Application 2021 | Page 2

Lyocell fibers are extensively employed in the textile industry for the production of apparels, home textiles and baby
diapers. Moreover, their application has also been seen in the manufacturing of medical equipment and surgical
products. The prominent factors that are playing a key role in developing the market include robust development of
textile market, increase in the awareness level regarding the eco-friendly products, rise in the disposable income and
augmented demand for highly advanced healthcare products.
It has been observed that novel and modern product developments have been constantly taking place in the
healthcare industry concerning the sterilized products. Plus the trend of employment of biodegradable fibers is also
growing that is, in turn, paving way for many new growth opportunities for the Lyocell fiber market. The only factor
that is acting as a major hurdle in the growth of the market includes availability of cheaper alternatives like polyester.
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It has been anticipated that Lyocell Fiber Market is likely to witness the highest CAGR in the next couple of years due
to its augmenting applications and scope across various sectors.
Lyocell Fiber Market is segmented on the basis of Geography as Asia Pacific, North America, Europe, Latin America,
and Middle East and Africa.
As far as the geographical location is concerned, Asia Pacific is currently considered as the leader of the market, the
reasons being development of textile market and eco-friendly fibers in the particular region. It is likely that the region
will continue growing with the same pace in the near future in the lyocell fiber market.
The major companies operating in the Lyocell Fiber Market include Qingdao Textiles Group Fiber Technology Co.,
Weiqiao Textile Company Limited, Acelon Chemicals & Fiber Corporation, Lenzing AG, The Aditya Birla Group, City
Victor Corporation, Smartfiber AG, and Chon Bang Company Limited.
Table of Contents
1 Lyocell Fiber Overview
2 Global Lyocell Fiber Market Competition by Manufacturers
3 Global Lyocell Fiber Analysis by Region
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