China Leads in Man-Made Cellulosic Fiber Project Investments

NEW DELHI--November 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Recognized as one of the most polluting sectors due to excessive water use, pollutant discharge and greenhouse gas emissions, the clothing industry is focused on adopting sustainable alternatives and accelerating regeneration. Aligned with these efforts, substantial investments are being directed toward man-made cellulosic fibers (MMCFs)--which represented 6% of the global fiber market in 2023, according to Textile Exchange. Industrial Info is tracking 27 active capital-spending projects in China worth more than US$6 billion geared at producing man-made cellulosic fibers. About 84% of the spending is focused on grassroot developments and 15% is focused on unit additions.