by The United States lyocell fabric market has been gaining significant traction over the recent past owing to the rising demand for eco-friendly textiles. Lyocell fabric, also known as Tencel is a type of cellulosic fiber made from wood pulp and possesses similar properties to cotton like being breathable and absorbent. It is created using a closed-loop production process that recycles all production chemicals involved, making it one of the most sustainable materials available today. The lyocell fabric provides an alternative to cotton and other synthetics and suits clothing requiring breathability and absorbency like activewear, underwear, towels and beddings among others. The increasing consumer consciousness regarding the environmental impact of textile production is a major factor driving the demand for lyocell fabrics in the US.
The United States 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. LENZING AG and Invista currently dominate the market with over 60% market share combined due to their well established manufacturing facilities and distribution networks across the country.
The market provides significant opportunities for lyocell fabric producers to develop fabrics for newer application segments like home furnishing where cotton still dominates. Expanding into product categories like curtains, upholstery fabrics etc can help boost market revenues.
Global increase in production of lyocell and establishment of manufacturing hubs in Asia and Central America is expected to drive down prices and increase availability of lyocell fabrics across all price segments in the US market over the forecast period.
Market Drivers
The increased demand for eco-friendly textiles from younger consumers is a key market driver. Customers are increasingly opting for more sustainable fabrics and opting out of synthetic fabrics like polyester owing to environmental concerns. This presents opportunities for lyocell fabric producers to target millennials and generation Z.
PEST Analysis
Political: Government policies related to importing raw materials and exporting finished lyocell fabrics can impact the overall growth of the market. Environmental regulations can also influence manufacturing processes.
Economic: Changes in the overall economy such as GDP, corporate profits, and levels of disposable income can affect demand for lyocell fabrics. Fluctuations in raw material prices also impact manufacturers and producers.
Social: Demand for lyocell fabrics is rising due to growing environmental concerns and sustainability trends. Higher affordability and changing fashion trends are also fueling market growth.
Technological: Advancements in fabric production techniques help improve resource efficiency and output. Investments in automation and digital technologies allow manufacturers to reduce costs and enhance product quality.
The United States lyocell fabric market is concentrated in the Western and Eastern regions in terms of value sales. States like California, Texas, New York and Florida account for a major share of the country’s total lyocell fabric consumption due to the large presence of textile industries and apparel manufacturing hubs. The Southeast region, which comprises states such as North Carolina, South Carolina, Georgia and Tennessee, has emerged as an important manufacturing base for lyocell fabrics in recent years.
The Midwestern region of the United States, which includes states like Illinois, Ohio, Michigan and Wisconsin, is witnessing the fastest growth in lyocell fabric demand. This is attributed to expanding industrial activities, rising investments in manufacturing facilities and the growth of textile processing companies in this region. The increasing textile trade between Midwestern states and Canada also supports the rising use of lyocell fabrics.
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
Q.1 What are the main factors influencing the Super Generics Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Super Generics Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Super Generics Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Priya Pandey
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. LinkedIn Profile
