Global Lyocell Fiber Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Lyocell Fiber estimated at US$997 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at aCAGR of 6.8% over the period 2020-2027. Staple Fiber, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$925 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cross-linked Fiber segment is readjusted to a revised 8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $269.8 Million, While China is Forecast to Grow at 10.2% CAGR
The Lyocell Fiber market in the U.S. is estimated at US$269.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.9 Million by the year 2027 trailing a CAGR of 10.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.We bring years of research experience to this 6th edition of our report. The 287-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Acelon Chemicals & Fiber Corporation
- Birla Cellulose
- China Populus Textile Limited
- Lenzing AG
- Swan Fiber Co., Ltd.
- Xinxiang Sunshining Textiles Co., Ltd.