PUBLISHER: Lucintel | PRODUCT CODE: 1107166
PUBLISHER: Lucintel | PRODUCT CODE: 1107166
Microfiber Market Trends and Forecast
The future of the microfiber market looks promising with opportunities in the household, commercial, industrial, furniture, and automotive industries. The global microfiber market is expected to grow at a CAGR of 3.5% from 2021 to 2027. 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.
Emerging Trends in the Microfiber Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of microfiber for wet-laid process and introduction of PVA infused microfiber.
A total of 157 figures / charts and 130 tables are provided in this 226-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the microfiber market report, please download the report brochure.
Microfiber Market by Segment
Microfiber Market by Material [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Microfiber Market by End Use Industry [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Microfiber Market by Application [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Microfiber Market by Product Type [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
Microfiber Market by Region [Volume (M lbs) and $M shipment analysis for 2016 - 2027]:
List of Microfiber Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microfiber companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microfiber companies profiled in this report includes.
Microfiber Market Insight
Features of Microfiber Market
FAQ
Q1. What is the growth forecast for microfiber market?
Answer:The microfiber market is expected to grow at a CAGR of 3.5% from 2021 to 2027.
Q2. What are the major drivers influencing the growth of the microfiber market?
Answer: 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.
Q3. What are the major applications or end use industries for microfiber?
Answer:Household, commercial, industrial, shoes, automotive, clothing, and furniture are the major end use industries for microfiber.
Q4. What are the emerging trends in microfiber market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include development of microfiber for wet-laid process and introduction of PVA infused microfiber.
Q6. Who are the key microfiber companies?
Answer:Some of the key microfiber companies are as follows:
Q7.Which microfiber product segment will be the largest in future?
Answer: Lucintel forecasts that polyester will remain the largest material during the forecast period due to its soft, durable, electrostatic, and filtering properties.
Q8: In microfiber market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific will remain the largest region and it is expected to witness the highest growth over the next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.