According to the recent research report titled ‘Global Lyocell Fiber Market Size study, by Product (Staple Fiber, Cross-linked Fiber), and Application (Apparels, Home Textiles, Surgical Products, Baby Diapers, Automotive Filters) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global lyocell fiber market size to grow considerably over 2021-2027.
 

As per the report findings, growing popularity of biodegradable fibers and surging demand for staple fiber for use in several applications are accelerating global lyocell fiber market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4219742/
 

For the unversed, lyocell fiber is used in various industries such as textile, fashion, medical, paper and pulp. Owing to its adaptability, lyocell fiber is utilized in place of cotton and silk in jeans, denim, sportswear, shirts, bedding linens, t-shirts, and towels.
 

The market growth will also be driven by escalating requirement and growing developments in textile manufacturing. For instance, Lenzing Group teamed up with Country Road, making the latter the first Australian retailer to introduce denim clothes produced from TENCEL lyocell fibers, backed with Lenzing's innovative REFIBRA technology. Similar strategic moves by other businesses in the domain would further add to the industry progression.
 

On the contrary, hefty cost and lack of resources of lyocell fiber is likely to hamper the remuneration scope of the industry over the study period.
 

Based on product type, worldwide lyocell fiber market is split into cross-linked fiber and staple fiber. As per application spectrum, the industry is bifurcated into automotive filters, baby diapers, surgical products, home textiles, apparels, and others.
 

Elaborating on regional terrain, Latin America (Mexico, Brazil), Europe (Italy, Spain, France, Germany, the United Kingdom), North America (Canada, the United States), and Asia Pacific (Australia, Japan, India, China) the key regions considered for the regional analysis of the overall industry.
 

Among these, North America has emerged as a significant avenue for key players, presently accounting for a sizeable share of the overall market, owing to growing apparel export activities.
 

On the other hand, Europe market is poised to register a robust CAGR by the year 2027, creditable to the high concentration of various textile industries in the region.
 

Coming to competitive landscape, China Populus Textile Ltd., Aditya Birla Group, Acegreen Eco-Material Technology Co. Ltd., Weiqiao Textile Co. Ltd., Lenzing AG, Zhejiang Yaojiang Industrial Group Ltd., Chonbang Co. Ltd., Nien Foun Fiber Co. Ltd., Baoding Swan Fiber Co. Ltd., and Great Duksan Corporation are the key players in global lyocell fiber industry sphere.