The market for lyocell fibre is expected to increase significantly over the next several years due to the growing demand for it in a variety of industries. The market’s strong base in the global textile and apparel sectors is demonstrated by its 2022 valuation of US $ 1.3 billion. By 2032, the market is anticipated to have grown to an amazing US $ 3.43 billion in valuation, with a predicted compound annual growth rate (CAGR) of 10.20 per cent.
Because of its remarkable performance qualities, sustainability, and biodegradability, lyocell fibre is increasingly being used in industrial, home textile, and apparel applications, which is driving this significant increase. Lyocell fibre is anticipated to be essential in satisfying the demand for premium, environmentally friendly textile materials worldwide as the industry grows.
Lyocell fibre, which is biodegradable and made from cellulose obtained from wood pulp, is made with environmentally friendly methods, such as a closed-loop system that reduces chemical and water waste. Businesses like Lenzing AG have created cutting-edge production technologies, such as their TENCELTM Lyocell fibres, which recycle over 99 per cent of the water and solvent used in their manufacturing. The Nullarbor fibre, developed by Birla Cellulose’s Pulp & Fibre Innovation Centre, is much stronger than conventional lyocell and finer than silk.
In the clothing industry, it is frequently used in intimate, casual, and sportswear. Its appeal in clothes is further increased by the fact that it is hypoallergenic and skin-friendly, making it perfect for sensitive skin.
Manufacturers of lyocell fibre have a lot of potential because of the fast industrialisation and urbanisation of emerging countries, especially in Asia-Pacific and Latin America. Demand for eco-friendly and high-performance textiles is being driven by rising disposable income in these areas as well as growing consumer knowledge of sustainable products. Additionally, the expansion of e-commerce platforms in these markets gives lyocell fiber-based products another avenue to reach consumers, increasing their exposure and usability.
