United States Lyocell Fabric Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United States Lyocell Fabric Market is Segmented By Product Type (Filament, Staple), By Application (Apparels, Home Textiles, Hygiene, Healthcare, Aut....
United States Lyocell Fabric Market Size
Market Size in USD
CAGR8%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 8% |
| Market Concentration | High |
| Major Players | LENZING AG, Invista, TOAD&CO, Riverside Fabrics, Potter & Co |
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United States Lyocell Fabric Market Analysis
The United States Lyocell Fabric Market is estimated to be valued at USD 171.0 Mn in 2024 and is expected to reach USD 290.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 8% from 2024 to 2031.
This market has seen consistent growth over the past few years and increasing demand from various end-use sectors such as apparel, home furnishing, and industrial has contributed significantly to the growing market size. The lyocell fabric market in the United States is expected to witness positive trends in the near future. Factors such as growing popularity of sustainable fabrics, rising environmental awareness among consumers and manufacturers, and shifting preference towards biodegradable and compostable materials will drive the demand. Additionally, growth in acceptance of lyocell as an alternative to cotton and other synthetics in various applications augurs well for the expansion of the market during the forecast period.