Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||939259|
|Published||Content info||287 Pages
Delivery time: 1-2 business days
|Published: April 1, 2021||Content info: 287 Pages||
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.
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