London, 10 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the global lyocell fiber market 2015-2019, which is expected to grow at a CAGR of 7.66% in terms of revenue over the forecast period of 2014-2019.
The global lyocell fiber market is expected to observe growth due to increasing awareness about environmental sustainability and increasing use in medical product industries. New product development in respect to sterilized products in medical industries where biodegradable fiber is used to a significant extent is expected to fuel the growth of the lyocell fiber market. Furthermore, rising disposable incomes have boosted the fashionable wear market, which is driving the apparel market and in turn is projected to stimulate the global lyocell market.
“The potential reputation carried by lyocell fibers is that they are wrinkle resistant, soft, and biodegradable. Lyocell fibers are made from the eucalyptus tree, which grows exceptionally fast, requires less water for its growth, and requires no pesticides to grow,” says Faisal Ghaus, Vice President of Technavio.
“Considering both sustainability and the merits of using lyocell fiber in textiles, it is preferred by companies manufacturing textiles as well as end-consumers.”
Key Market Drivers
- Lyocell Preferred Over Other Fibers
- Growing Usage in Technical Textiles
- Increasing Demand from Emerging Economies
Key Market Trends
- Growing Demand for Lyocell from Medical Sector
- Increase in R&D Expenditure
- Lyocell Fiber emerging as a Sustainable Fabric
Key Market Vendors
- Acelon
- City Victor
- Chonbang
- Grasim Industries
- Invista
- Lenzing
- Qingdao Textile Group Fiber
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
