Lucintel Blog: Lucintel Forecasts Microfiber Market to Reach $XX Billion by 2027

Thursday, August 25, 2022

Lucintel Forecasts Microfiber Market to Reach $XX Billion by 2027

According to the recent study the microfiber market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2021, at a CAGR of 3.5% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for reliable and eco-friendly fabrics for cleaning in household, hospitals, and other industries and growth in demand for eco-friendly synthetic leather.

Browse 157 figures / charts and 130 tables in this 226 -page report to understand trends, opportunities and forecast in microfiber market by material (polyester, polyamide, and others), application (cleaning cloths, synthetic leather, and others), product type (short microfiber and long microfiber), end use industry (household, commercial, industrial, shoes, automotive, clothing, and furniture), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/microfiber-market.aspx

“Polyester market is expected to remain the largest segment during the forecast period.”

Based on material, the microfiber market is segmented into polyester, polyamide, and others. Lucintel forecasts that the polyester market is expected to remain the largest segment due to its soft, durable, electrostatic, and filtering properties.

“Within the microfiber market, the household segment is expected to remain the largest end use.”

Based on end use the household segment is expected to witness the highest growth over the forecast period due to increase in demand for reliable and eco-friendly cleaning cloths and increasing demand for synthetic leather in furniture and decoration.

“Asia pacific will dominate the microfiber market in near future.”

Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period supported by increasing demand for microfibers in shoes, furniture, bags, cleaning cloths, automotive, and electronics industries in China, Japan, South Korea, and Taiwan.

Download Brochure of this report by clicking on https://www.lucintel.com/microfiber-market.aspx.

Major players of microfiber market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Toray Industries, Kuraray, Huafon Group, 3M, and Freudenberg Group are among the major microfiber providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/microfiber-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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