Transparency Market Research (TMR) has recently released a market study based on the global lyocell fiber market, projecting the market to rise at a CAGR of 7.9% during the period of 2014-2020, attaining a value of US$1,179.5 million by 2020.

Albany, NY -- (SBWire) -- 06/17/2015 --The research report, titled "Lyocell Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", notes that in 2013, the global market for lyocell fiber reached a value of US$692.7 million on account of growing demand, which pushed the global lyocell fiber industry to produce 356.3 kilo tons of lyocell fiber that year.According to the market study, the global lyocell fiber market is analyzed on the basis of application and the regional distribution of the market.

Based on application, the global lyocell fiber market is classified into the markets for home textiles, apparel, and others. The market for apparel held the leading position among all the application segments in 2013 and occupied more than 55% of the overall market owing to high demand for apparel from emerging economies. Casual wear, sportswear, menswear, and ladies wear are the major segments of the apparel market. The home textiles market followed the apparel industry, wherein the major utility of lyocell fibers is in making carpets, drapes, curtains, and bed-sheets.Regionally, the global lyocell fiber market is spread across North America, Europe, Asia Pacific, and the Rest of the World. In 2013, Asia Pacific accounted for the maximum consumption of lyocell fiber. Even in terms of revenue, the lyocell market in Asia Pacific led the global market, occupying 65% of the overall industry.

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India and China are the two major exporters of textiles in the Asia Pacific market. The usage of lyocell as well as cellulose fibers is a common practice in this region for woven and nonwoven products. In addition to this, the Asia Pacific market for lyocell fiber is expected to register the highest growth rate over the forecast period.The report presents the growth of the technical textiles market as the key driving force behind the development of the global lyocell fiber market, whereas the ample availability of cheaper alternatives is considered as the main restraint against the market growth. However, rising focus of market players on developing highly advanced medical and healthcare products and the rising demand for eco-friendly fibers are helping create an opportunity-rich marketplace.

Browse the full Lyocell Fiber Market for Apparels, Home Textiles, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/lyocell-fibers-market.html

The report provides special assistance to the players, consultants, and stakeholders of the global lyocell fiber market in making crucial strategies and rewarding decision.The major companies profiled in this report are Lenzing AG, Grasim Industries Ltd., smartfiber AG, Weiqiao Textile Co. Ltd., City Victor Corp., Qingdao Textiles Group Fiber Technology Co. Ltd., Acelon Chemicals & Fiber Corp., and Chon Bang Co., Ltd.

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