The United States lyocell fabric market is characterized by increasing adoption of sustainable textile fabrics across various end-use industries such as apparel, home furnishing, and personal care. Lyocell fabric, derived from wood pulp via solvent spinning of cellulose, offers numerous advantages over other fabrics such as cotton and synthetic fabrics. It possesses excellent moisture absorbency and quick-drying properties. Lyocell fabric is also lightweight and has a soft feel similar to cotton. In addition, being derived from wood pulp, lyocell fabric is highly biodegradable and compostable, with minimal environmental footprint during production.
The Lyocell Fabric Market is estimated to be valued at US$ 171.0 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the United States Lyocell Fabric Market are LENZING AG, Invista, TOAD & CO, Riverside Fabrics, Potter & Co.
The increasing consumer demand for sustainable textiles across major industries such as fashion and home furnishing is estimated to offer significant growth opportunities during the forecast period.
Technological advancement in lyocell fabric production process in terms of capacity improvement and reduced water consumption is enhancing the commercial viability of lyocell fabric.
Market Drivers
Growth in demand for apparel and home furnishing made from sustainable and renewable materials is regarded as a key driver for the market. Rise in environmental concerns and stringent government regulations pertaining to use synthetic fabrics will further propel the adoption of biodegradable lyocell fabric over the forecast period.
Current Challenges In United States Lyocell Fabric Market:
The United States lyocell fabric market is facing challenges due to rising petroleum prices which is increasing production costs. Dependence on raw materials sourced from overseas is also posing a supply chain risk. Strict environmental norms related to manufacture and disposal of fabrics are further increasing compliance burdens on producers. The market is highly competitive due to presence of numerous regional and multinational players. Maintaining brand identity and customer retention has become challenging in the saturated domestic market.
SWOT Analysis
Strength: Lyocell fabric is eco-friendly in nature due to sustainability of production process. It has properties such as high absorbency and quick drying which make it suitable for various garment applications.
Weakness: Lyocell production involves use of toxic chemicals and solvents which needs careful waste disposal. High setup and production costs make it difficult for small players to enter the market.
Opportunity: Increasing consumer preference for apparel made from sustainable and natural fabrics present an opportunity. Also, lyocell can be used for non-apparel applications like home furnishing which will expand market scope.
Threats: Threat of substitution from synthetic fabrics which are cheaper. Volatility in cotton prices can impact lyocell production economics.
The United States Midwestern region accounts for the largest share in terms of value in the lyocell fabric market, led by states like Ohio, Illinois and Michigan. This is due to presence of major garment manufacturers as well as lyocell producers in these states. The Western region, specifically California and Washington, is growing at the fastest pace primarily because of rising health awareness and high fashion sensibilities of consumers in this region.
What Are The Key Data Covered In This Super Generics Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Super Generics Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Super Generics Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Super Generics Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Super Generics Market vendors
FAQ’s
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Q.4 Which of the top Super Generics Market companies compare in terms of sales, revenue, and prices?
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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