The global Skin Fibre Market is estimated to be valued at US$ 825.1 Mn or Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis:-

·         Strength: Skin fibres offer properties comparable to cotton like absorbency and softness. They are also more durable and affordable than cotton.

·         Weakness: The production process of skin fibres involves use of toxic chemicals like carbon disulfide. Improper disposal of skin fibre waste can pollute water.

·         Opportunity: Growing demand for sustainable fabrics provides opportunities for skin fibre producers to further reduce environmental impact and introduce innovative production technologies.

·         Threats: Strict environmental regulations around the use of chemicals in production and growing popularity of alternatives like bamboo fabric are threats to the skin fibre market.

Key Takeaways:-

The Global Skin Fibre Market Demand is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing preference for sustainable fabrics among consumers and brands.

Regional analysis:

Asia Pacific is currently the largest and the fastest growing market for skin fibres, driven by countries like China, Indonesia and India. China is the world's largest producer as well as exporter of skin fibres.

Key players:-

Key players operating in the Skin Fibre Market are DuPont de Nemours, Inc., Lenzing AG, Kelheim Fibres GmbH, Asahi Kasei Corporation, Grasim Industries Limited (Aditya Birla Group), Sateri Holdings Limited, Tangshan Sanyou Group Co., Ltd., Birla Cellulose (Aditya Birla Group), Indo Bharat Rayon (Aditya Birla Group), China Bambro Textile Co., Ltd.

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