The Asia Pacific lyocell fiber industry is expected to record a CAGR of eight per cent over 2017-2024. Technological innovations have lowered the cost of fiber production and helped in enhancing production and quality of fibers. Many fiber manufacturing firms are focusing on reprocessing and reusing the fibers after the completion of their shelf life, which is expected to offer novel growth opportunities for the lyocell fiber market.

Substantial knowledge regarding pediatric sanitation accompanied by an increase in the spending capacity of consumers has resulted in a high demand for baby diapers across the Asia Pacific region. China, Indonesia, and India are predicted to be the major revenue pockets. While the decline in infant mortality rates is also predicted to influence the regional share, the thriving non-woven materials sector in Indonesia is expected to spur the product demand over the years to come.

Surging production of non-woven fabrics for medical and automobile industries along with the presence of big manufacturing giants across Europe has augmented the product demand. Europe is expected to contribute more than 12 per cent to the lyocell fiber market share by 2024, with UK, France, and Germany being the major revenue contributors. The US lyocell fiber industry is predicted to experience a notable growth over the next few years with the rise in apparel exports.