Market Overview:
The global microfiber market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for microfiber leather, microfiber cleaning cloths, and other applications. North America is expected to dominate the global market during the forecast period owing to the presence of key players in this region and rising demand for eco-friendly products. Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rapid industrialization and growing awareness about environment-friendly products.
Product Definition:
Microfiber is a synthetic fiber that is finer than one denier. It can be made of polyester, nylon, or rayon. Microfiber fabrics are used in a variety of applications, including automotive detailing and industrial cleaning because they are effective at capturing and holding dust and dirt.
Long Microfiber:
Long microfiber is a new term in the microfiber industry and it has been used for synthetic fibers that are longer than average length. The long microfibers have applications in various industries such as automotive, textile, medical & healthcare and packaging. Micro fiber is short pieces of fiber which is very thin compared to its thickness hence it does not cause any obstruction to human body while wearing clothes.
Short Microfiber:
Short microfiber is also known as mini-microfiber. It is a type of very fine fiber that has less than 0.3mm diameter and denier count which makes it extremely small in size as compared to other types of fibers like long microfibers with around 1-5 Denier or staple fibers with around 25 Denier.
Application Insights:
Microfiber leather application segment led the global market in 2017. This is attributed to increasing demand for luxury goods, coupled with high income levels among consumers in emerging economies such as China and India. Moreover, growing preference for leather handbags among women consumers is expected to boost the product demand over the forecast period.
The others segment includes microfiber products such as dusting cloths, cleaning cloths and polishing cloths. These are gaining popularity due to their use in various household applications including cleaning kitchen surfaces and furniture polish application using natural or synthetic abrasives, which results in a smooth surface finish without scratches or marks caused by harsh chemicals or stones. Increasing usage of these products on a daily basis has resulted in increased durability compared to traditional cotton fabrics used before microfibers were introduced into the market place.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing product demand from various application segments, including automotive and electronics. China is one of the largest markets for microfiber products due to growing automobile production and sales in this country. In addition, India has a rapidly expanding electronics industry that also uses microfiber products for cleaning purposes. These factors are anticipated to drive regional growth over the next eight years.
Europe accounted for more than 20% of total revenue share in 2017 on account of high product penetration across several industries including automotive, consumer goods and food processing & packaging sectors mainly due to rapid technological advancements coupled with stringent regulations about environmental protection measures taken by government organizations such as OEKO-TEX® Standard 100 (OTAN) association or European Commission (EC).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for advanced microfiber products for cleaning and surface protection.
- Rapid growth in the Asia-Pacific region, especially in China and India, due to rising income levels and increasing demand for high-quality textiles and other consumer goods.
- Growing use of microfiber fabrics in medical applications such as wound care, surgical gowns, face masks, and filters.
- Increased awareness among consumers about the benefits of using microfiber products for cleaning surfaces, cars, windows, floors etc., which is driving demand for these products across all end-use segments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Microfiber Market Research Report
By Type
Long Microfiber, Short Microfiber
By Application
Microfiber Leather, Microfiber Cleaning Cloths, Others
By Companies
Toray, Kuraray, Asahi Kasei, Kolon, Teijin, Sheng Hong Group, 3M, Eastman, Sanfang, KB Seiren, Hexin, Duksung, Norwex, SISA, Vileda, Acelon Chemical, Huafon Microfibre, Double Elephant, Far Eastern, Wanhua, Ningbo Green Textile, Tricol, Meisheng, Hengli
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Microfiber Market Report Segments:
The global Microfiber market is segmented on the basis of:
Types
Long Microfiber, Short Microfiber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Microfiber Leather, Microfiber Cleaning Cloths, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- Kuraray
- Asahi Kasei
- Kolon
- Teijin
- Sheng Hong Group
- 3M
- Eastman
- Sanfang
- KB Seiren
- Hexin
- Duksung
- Norwex
- SISA
- Vileda
- Acelon Chemical
- Huafon Microfibre
- Double Elephant
- Far Eastern
- Wanhua
- Ningbo Green Textile
- Tricol
- Meisheng
- Hengli
Highlights of The Microfiber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long Microfiber
- Short Microfiber
- By Application:
- Microfiber Leather
- Microfiber Cleaning Cloths
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Microfiber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Microfiber is a type of fabric made from synthetic fibers that are very small. Microfiber fabrics are often used to clean surfaces because they can be pulled through tight spaces and their surface area is large enough to collect dirt, dust, and other particles.
Some of the key players operating in the microfiber market are Toray, Kuraray, Asahi Kasei, Kolon, Teijin, Sheng Hong Group, 3M, Eastman, Sanfang, KB Seiren, Hexin, Duksung, Norwex, SISA, Vileda, Acelon Chemical, Huafon Microfibre, Double Elephant, Far Eastern, Wanhua, Ningbo Green Textile, Tricol, Meisheng, Hengli.
The microfiber market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microfiber Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Microfiber Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Microfiber Market - Supply Chain
4.5. Global Microfiber Market Forecast
4.5.1. Microfiber Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Microfiber Market Size (000 Units) and Y-o-Y Growth
4.5.3. Microfiber Market Absolute $ Opportunity
5. Global Microfiber Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Microfiber Market Size and Volume Forecast by Type
5.3.1. Long Microfiber
5.3.2. Short Microfiber
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Microfiber Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Microfiber Market Size and Volume Forecast by Application
6.3.1. Microfiber Leather
6.3.2. Microfiber Cleaning Cloths
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Microfiber Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Microfiber Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Microfiber Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Microfiber Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Microfiber Demand Share Forecast, 2019-2026
9. North America Microfiber Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Microfiber Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Microfiber Market Size and Volume Forecast by Application
9.4.1. Microfiber Leather
9.4.2. Microfiber Cleaning Cloths
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Microfiber Market Size and Volume Forecast by Type
9.7.1. Long Microfiber
9.7.2. Short Microfiber
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Microfiber Demand Share Forecast, 2019-2026
10. Latin America Microfiber Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Microfiber Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Microfiber Market Size and Volume Forecast by Application
10.4.1. Microfiber Leather
10.4.2. Microfiber Cleaning Cloths
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Microfiber Market Size and Volume Forecast by Type
10.7.1. Long Microfiber
10.7.2. Short Microfiber
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Microfiber Demand Share Forecast, 2019-2026
11. Europe Microfiber Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Microfiber Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Microfiber Market Size and Volume Forecast by Application
11.4.1. Microfiber Leather
11.4.2. Microfiber Cleaning Cloths
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Microfiber Market Size and Volume Forecast by Type
11.7.1. Long Microfiber
11.7.2. Short Microfiber
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potentil Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Microfiber Demand Share, 2019-2026
12. Asia Pacific Microfiber Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Microfiber Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Microfiber Market Size and Volume Forecast by Application
12.4.1. Microfiber Leather
12.4.2. Microfiber Cleaning Cloths
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Microfiber Market Size and Volume Forecast by Type
12.7.1. Long Microfiber
12.7.2. Short Microfiber
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Microfiber Demand Share, 2019-2026
13. Middle East & Africa Microfiber Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Microfiber Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Microfiber Market Size and Volume Forecast by Application
13.4.1. Microfiber Leather
13.4.2. Microfiber Cleaning Cloths
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Microfiber Market Size and Volume Forecast by Type
13.7.1. Long Microfiber
13.7.2. Short Microfiber
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Microfiber Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Microfiber Market: Market Share Analysis
14.2. Microfiber Distributors and Customers
14.3. Microfiber Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Toray
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kuraray
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asahi Kasei
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kolon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Teijin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sheng Hong Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. 3M
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Eastman
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sanfang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KB Seiren
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hexin
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Duksung
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Norwex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SISA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Vileda
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Acelon Chemical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Huafon Microfibre
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Double Elephant
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Far Eastern
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Wanhua
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
