Albany, NY -- (SBWire) -- 08/07/2018 --he rapid development in the technical textiles and apparel industries has had a positive impact on the demand for lyocell fibers, states Transparency Market Research in its recent report. The 62-page research publication reveals that registering a strong CAGR of 7.90% during the forecast period, the global lyocell fibers market is poised to rise from US$692.7 Mn in 2013 to US$1,179.5 Mn by 2020. The report is titled "Lyocell Fiber Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020" and is available for sale on the company website.

Transparency Market Research (TMR) has released a new market study on foam blowing agents. The report discusses the existing market development and how it will influence future markets for foam blowing agents and insulating foams globally. The report states that the global foam blowing agents market will register a 4.4% CAGR between 2014 and 2020, and will grow from US$ 631.3 million in 2013 to US$ 843.8 million by the end of 2020. The report is titled "Foam Blowing Agents Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020".The market research report on foam blowing agents provides a detailed and complete study analysis of the historic market performance, current market trends, and future outlook on a global scale. The report categorizes and describes the market drivers, restraints, market segments and forecasts future market opportunities for foam blowing agents.

According to the report, growth in construction industry worldwide has contributed to the increased demand for insulating foams. This factor has proven to be a market driver and led to the rise in end-user applications for foams in the construction field. The application of polyurethane foams is among the motivating growth drivers for the insulating foams market.The market report states that due to the volatile pricing of feedstock petroleum-based foam blowing agents, and stringent regulations against harmful chemicals that adversely affect the environment could hinder market growth during the next few years. But, the report also observes that there is anticipation of growth opportunities in the future markets due to the introduction of ecological foam blowing agents such as hydrofluoroolefins (HFO). Eco-friendly and low priced foam blowing agents such as hydrazine, azodicarbonamide, CO2 and water are increasingly adopted and this will contribute to market growth according to the report.

The foam blowing agents market analyzes the market segments by products, application, and regions. Product segments include hydrochlorofluorocarbons (HCFC), hydrofluorocarbons (HFC), hydrocarbons (HC), and others which has hydrazine, azodicarbonamide, water, and CO2 etc.) Among these the market report says that Hydrocarbon (HC) foam blowing agent is the rapidly growing segment over the forecast. HFCs are also an important segment due to increased demand in emerging nations. HCFCs are witnessing declining use due to their ozone harming properties and are being substituted by HFCs in developing nations. According to the market study PU foams gained global market share of 50% in 2013 and the report anticipates this segment as the fastest developing market for foam blowing agents in the forecast period. PU applications are anticipated at the quickest pace during 2014 to 2020. This is due to the demand increase in construction and automotive industries. The report forecasts that foam blowing agents will be used in furniture and footwear and this will drive the market demand in Asia Pacific region.

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The geographical segments as described in the market study for foam blowing agents are North America, Europe, Rest of the World (RoW) and Asia Pacific. Asia Pacific is forecast as the most rapidly growing market for foam blowing agents and accounted for 24% of the foam blowing agents worldwide market in 2013. Europe is forecast to have an average growth rate during the next few years.

While new product development in the medical sector and growing trend of eco-friendly fiber is anticipated to boost the lyocell fiber market, it is projected to be held back owing to availability of low-cost substitutes. Lyocell fibers possess superior qualities of absorbency and softness and are biodegradable. On the basis of application, the overall market for lyocell fiber is segmented into home textiles, apparel, and others including baby diapers and surgical products. The apparel market – comprising sections such as sportswear, casual wear, women's wear, and men's wear – held over 55% of the entire lyocell fiber market in 2013, making the leading application segment that year. Lyocell fibers in the home textiles segment are used in making drapes, carpets, bed sheets, and curtains. Its property of biodegradability makes it ideal for manufacturing baby diapers and surgical products.

On the basis of geography, the global lyocell fiber market is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific dominates the worldwide market in terms of both consumption and revenue. By revenue, Asia Pacific accounts for a whopping 65% of the overall lyocell fiber market. Lyocell is used in woven as well as nonwoven products and China and India being leading exporters of textiles, are also major consumers of lyocell fibers. While Asia Pacific is primarily driven by the growth of the technical textiles market, it is also fueled by the rising demand for environment-friendly fibers and the increasing focus on highly advanced healthcare and medical products. The lyocell fiber market in this region is, however, restrained by the easy availability of cheaper alternatives.

The lyocell fiber market in developed countries such as Germany, the U.S., France, and the U.K. is anticipated to witness immense growth by 2020 owing to the environmentalist approach in most of these nations and the presence of well-established textile industries.The most notable participants of the global lyocell fiber market include Lenzing AG, City Victor Corporation, The Aditya Birla Group, Smartfiber AG, Qingdao Textiles Group Fiber Technology Co., Ltd., Acelon Chemicals & Fiber Corporation, Weiqiao Textile Company Limited, and Chon Bang Company Limited. These players are evaluated in the research report keeping in mind aspects such as company overview, product portfolio, recent developments, business strategies, financial standing, strengths, weaknesses, opportunities, and threats.

About Transparency Market Research
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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