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.

Market Overview:-

Skin fibres are naturally occurring protein fibres and are majorly obtained from mammalian skin or hides through shearing. Skin fibres are known for their exceptional properties such as high thermal insulation, moisture wicking, stain resistance and durability. Due to their breathability and temperature regulating properties, skin fibres are widely used in textiles, home furnishings and industrial applications.

Market key trends:-

One of the major trends driving the growth of global skin fibre market is increasing demand for eco-friendly and sustainable textiles. Consumers are increasingly preferring natural, breathable and biodegradable textile materials and manufacturers are focusing on developing innovative skin fibres produced from natural origins through sustainable processes in response to this demand. Moreover, continuous R&D in production technologies has improved the texture and performance of skin fibres, increased yield per animal and reduced production costs. This has made skin fibres more affordable and expanded their application in newer industries like automotive and construction.

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.

Read More - https://www.insightprobing.com/skin-fibre-market-share-and-trends-analysis/