North America Lyocell Fiber Market Worth $420mn by 2024
Monday, August 12, 2019
Press release from the issuing company
According to the Graphical Research new growth forecast report titled North America Lyocell Fiber Market By Application (Apparels, Home Textiles, Surgical Products, Baby Diapers, Automotive Filters), By Product (Staple Fiber, Cross-linked Fiber), Industry Analysis Report, Regional Outlook (U.S., Canada), determine to surpass USD 420 Million by 2024.
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North America has a well-developed and progressive healthcare industry. Lyocell fiber based surgical & feminine products are extensively used in this region, owing to its excellent moisture absorption capacity. This will subsequently reduce bacterial growth and offer hygienic fabric, which makes it highly preferable to be used in surgical products such as absorbent pads, gauze dressing, elastic and non-elastic bandages, wound-contact layer, compression bandages, and wipes used in operation theatre. High investment in pharmaceutical & medical industry coupled with mature textile industry will boost the revenue for North America lyocell fiber market size over the forecast period.
North America lyocell fiber market size for staple fiber is likely to occupy a significant share of the industry and is likely to witness gains close to 8% during the forecast period. The staple fiber are widely applicable in denims, towels, casual wear, etc. and can easily segregate into fibrils. Lyocell cross linked fibers segment will witness a decent growth due to its wide applications in woven fabric products. Cross-linked fiber is projected to hold a share of about 30% of the overall North America lyocell fiber market size by 2024.
Lyocell fiber application in apparels is anticipated to hold a market share of over 50% in North America, with gains of over 8% in the coming years. With increasing apparel exports, the U.S. manufacturers have designed new strategies to compete in the industry. Lyocell manufacturing process is ecofriendly, the product being 100% cellulose is easily biodegradable and has the potential to re-use and remanufacture. These factors will drive the lyocell fiber market size in the in near future.
Key North America lyocell fiber market participants include Lenzing AG, Linyi Lingying Chemical Fiber, Aditya Birla Group, Chonbang Company, China Populus Textile Limited, etc.
North America lyocell fiber market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Segments Covered in this Report:
North America Lyocell Fiber Market Size, By Product
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