A new report by the Hyderabad-based DataM Intelligence showed a growth in the viscose staple fibre (VSF) market. The report revealed that the viscose market is projected to grow at a compound annual growth rate (CAGR) of 3.9 per cent between 2024-2031.
Among the main reasons cited for the growth in the viscose staple fibre market includes the rising demand for sustainable fabrics by eco-conscious consumers, innovations in the low-impact manufacturing technologies, and expansion into the hygiene stores.
The report also highlighted the players driving the growth in this market such as Lenzing AG, Aditya Birla Group, Sateri Holdings, Nanjing Chemical Fiber, and SNIACE Group among others.
In addition, the report also mentioned the key developments leading to a CAGR growth in this area like the unveiling of carbon-disulfide-free VSF manufacturing technologies that helps meet the stringent environmental standards and aims at enhancing the workers safety. The other developments included the partnership between viscose staple fibre producers and fashion brands, foraying of the VSF into the Asia-Pacific region, recycling of post consumer textiles into regenerated viscose fibre, and introduction of embedded antimicrobial VSFs, etc.
