According to a market report by Lucintel, the future of the global microfiber market looks promising with opportunities in the household, commercial, industrial, shoes, automotive, clothing, and furniture end uses. The global microfiber market is expected to reach an estimated $1,147 million by 2030 from $843 million in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are 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, opportunity and
forecast in microfiber market to 2030 by material (polyester, polyamide, and
others), application (cleaning cloths, synthetic leather, and others), product
type (short microfiber and long microfiber), end use (household, commercial,
industrial, shoes, automotive, clothing, and furniture), and by region (North
America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel
forecasts that polyester will remain the largest material during the forecast
period due to its soft, durable, electrostatic, and filtering properties.
Lucintel predicts that polyamide is expected to witness the highest growth over
the forecast period supported by increasing demand for polyamide blend cleaning
cloths as it provides better cleaning than polyester based cleaning cloths.
Household
will remain the largest end use during the forecast period due to an increase
in demand for reliable and eco-friendly cleaning cloths and increasing demand
for synthetic leather in furniture and decoration.
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sample by clicking on microfiber market.
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.
Toray
Industries, Kuraray, Huafon Group, 3M, Freudenberg Group are the major
suppliers in the microfiber market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
At Lucintel, we offer solutions for
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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