Lucintel Forecasts the Global Microfiber Market to Reach $1,147 Million by 2030
Lucintel Forecasts the Global Microfiber Market to Reach $1,147 Million by 2030
Blog Article
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.
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 [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056