July 12, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research

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Wilmington, Delaware, United States, July 12, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - A research report by Transparency Market Research (TMR) notes that the global lyocell fibers market is estimated to register growth at a CAGR of 11.8%  during the forecast period, from 2022 to 2031.

The study by TMR offers detailed analysis of key market segments in lyocell fibers. Moreover, it covers data on the growth drivers, growth restraints, challenges, and investments avenues in the market.

Lyocell fibers are gaining traction as they are recyclable and can be easily disposed with the help of simple processes including incineration, landfilling, and sewage deposition. Owing to these lyocell fiber properties, the manufacturers of fibers including cotton, synthetic fibers, and rayon are inclining toward the production of lyocell fibers. This factor, in turn, is estimated to drive the market growth, notes the demand analysis of lyocell fibers market by TMR.

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Lyocell fibers provide strength similar to that of polyester. These fibers are stronger than cotton and other artificial staple cellulosic fibers. Moreover, they have very high dry and wet modulus for cellulosic fibers in both dry and wet states. Hence, such fibers are gaining traction as an effective material for different activities including dyeing as well as finishing of clothing, notes a TMR report on the lyocell fibers market.

The lyocell fibers market in estimated to gain sizable business opportunities in the Asia Pacific region owing to factors such as a rise in urbanization and overall population in many developing nations including India and China. Moreover, the Asia Pacific market is being driven by improving spending power of the regional populace. In addition, China is prognosticated to be a key market for players owing to the presence of sizable customer base in the region.

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Lyocell Fibers Market: Key Findings

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Lyocell Fibers Market: Growth Boosters

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Lyocell Fibers Market: Key Players

Some of the key players profiled in the report are:

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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