Lyocell Fiber Market SWOT Analysis Of Top Key Player Forecast Lyocell Fiber Market - Global Industry Analysis, S | Page 2

products and baby diapers. Lyocell fibers are extensively employed in the
production of surgical materials such as surgical coats for doctors and nurses.
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Asia Pacific accounted for more than 65% share of the global lyocell fiber market in
2013. High population and improvement in the standard of living in developing
countries in Asia Pacific has fueled demand for textile products. This, in turn, has
boosted the demand for lyocell fiber. Most countries in Asia Pacific such as China
and India are developing rapidly. Urbanization and increase in consumers’
disposable income has led to an improvement in lifestyle. As a result, demand for
lyocell fiber is high in Asia Pacific, particularly in the apparel sector. Demand for
lyocell fiber is expected to increase significantly in North America and Europe during
the forecast period. Developed countries such as the U.S. in North America and UK,
Germany, and France in Europe are likely to drive the demand for lyocell fiber owing
to the presence of well-established textile industries in these regions. The
environmentalist approach of most countries in Western Europe has boosted the
demand for lyocell fiber in the region. Although lyocell is a man-made fiber, it is
produced from natural raw materials such as wood pulp.
Companies such as Lenzing AG, Aditya Birla Group, smartfiber AG, Acelon Chemicals
& Fiber Corporation, Chon Bang Company Limited, Weiqiao Textile Company Limited,
and Qingdao Textiles Group Fiber Technology Co., Ltd. have been covered in the
report.
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