Technavio Announces the Publication of its Research Report Global Lyocell Fiber Market 2016-2020
Technavio recognizes the following companies as the key players in the global lyocell market: Acelon Chemicals & Fiber, City Victor, Chonbang, INVISTA, Lenzing, and Qingdao Textile Group Fiber
Other Prominent Vendors in the market are: China Populus Textile Limited, Grasim, Great Duksan, Nien Foun Fiber, Sarga Eco-Textile, Smartfiber, Weiqiao Textile Company, and Zhejiang Yaojiang Industrial Group
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Commenting on the report, an analyst from Technavios team said: Currently, the end-user segments for the market are majorly limited to apparel and home textiles segment. Increased R&D for the use of lyocell fabrics can expand the application areas of these fibers and drastically improvement the market. The vendors are exploring properties such as high absorbency, tenacity, resistance to high temperature of lyocell fiber. Established vendors, including Lenzing and Acelon Chemicals & Fiber Corporation, have invested significantly in R&D for the development of new lyocell fibers. For instance, Lenzing has spent almost $110-$113 million on R&D of lyocell fiber technology so far, and for the year 2015, the company had invested 29.8 million ($33.24 million; 1 =$1.12; September 2016) in R&D.
According to the report, the market for lyocell fibers in the home textiles segment is growing significantly. The fibrillation property of lyocell fiber, which generates nanofibers around the main fiber filament, is unique compared with other synthetic fibers. These nanofibers aid in high moisture absorption, which is not possible with other fibers such as cotton or rayon.
Further, the report states that the production of lyocell fiber requires raw materials such as wood pulp. Wood pulp has become difficult to procure as the forest cover has been significantly compromised globally. The green cover is down by one-fifth to one-fourth. An estimated 18-20 million acres of forest land is lost each year. The fluctuations in the prices of wood pulp affect the price of raw material, affecting the price of lyocell fiber.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Lyocell Fibers
Lyocell fibers are the semi-synthetic cellulose fibers that are produced by a closed loop method through a solvent spinning technique, where cellulose is subjected to many chemical changes such as reduction 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 refers to the dissolution of cellulose in solvents.
Technavios analysts forecast the global lyocell fiber market to grow at a CAGR of 7.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global lyocell fiber market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of lyocell fibers in apparel, home textiles, medical and hygiene, and other applications by considering 2015 as the base year.
The market is divided into the following segments based on geography:
Technavio’s report, Global Lyocell Fibers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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