Lyocell Fiber Market Size, Share, Trends, Dynamics, Forecast, & Industry Analysis

The lyocell fiber market was estimated at USD 998.53 million in 2022 and is likely to grow at a CAGR of 8.13% during 2023-2028 to reach USD 1606.62 million by 2028.

Market Drivers:
Extensive usage of lyocell fiber in various end-use industries including home textiles, apparels, and medical equipment. Furthermore, rapid development in the healthcare industry and growing awareness of using sterilized products along with the growing popularity of biodegradable fibers.