diminution of wood chips to wood pulp with strong alkali, dissolution of cellulose, setting and
alignment of cellulose fibers, washing of fibers, carding of fibers, and recovery of the solvent. The
solvent spinning technique here is being referred to the dissolution of cellulose in solvents.
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.
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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.
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.