According to study, “World
Microfiber Market Research Report 2024(Covering USA, EU, China, South
East Asia, Japan and etc)” the key companies operating in the world microfiber
market are Toray, Teijin, Kuraray,3M, Kolon, Sheng Hong Group, KB Seiren, Eastman,
Asahi Kasei, Sanfang, Norwex, Hexin, Vileda, HuafonMicrofibre, Duksung, Acelon
Chemical, SISA, Ningbo Green Textile, Double Elephant, Wanhua, Far Eastern, Meisheng,
Tricol, Hengli. The key companies operating in the market are facing intense
competition, with the purpose of overcome this competition as well as focusing
on product advancement & product differentiation. Additionally, for improving
the product portfolio & expanding the business, the key vendors are taking
part into activities for instance acquisitions, mergers, and partnerships.
Microfiber is a synthetic or artificial fiber, which
measures less than one denier. It is primarily used in the textile industry for
cleaning & shining applications. It is used as blankets, table cloths and
other home furnishings. It is durable & last for a longer time than any
other textile material. It can effectively remove the large quantities of
microbes. The key properties are included wrinkle resistance, soft, durable,
light weight, impermeability, stain-resistance, easy wash ability, good
isolation and breathing ability.
Based on type, microfiber market is segmented into
short microfiber and long microfiber. Based on material type, market is
segmented into polyamides, polyesters conjugation of polyesters and polyamide.
Polyester holds major share in market owing toits soft, electrostatic, durable,
and filtering properties. Additionally, polyamide is anticipated to witness the
highest growth due to increase in demand for polyamide composite cleaning
cloths as it provides better cleaning than polyester based cleaning cloths over
the forecast period. Based on technology, market is segmented into electro
spinning, melt spinning and melt blowing. Based on product type market is
segmented into microfiber cleaning cloths and microfiber leather. In addition,
based on application, market is segmented into bathroom/laundry room, cleaning
computer screen/printers & scanners, kitchen (cleaning sinks, ceramic stove
tops, stainless steel, granite counter tops, cabinets and microwave ovens),
around the house (mirrors, windows, furniture and glass), car washing, wipe up
spilled liquid on floors and others.
The microfiber market is driven by rise in awareness
about the importance of cleaning for cleaning services (cleaning of window,
roof and floor from both residential and commercial services), followed by
increase in disposable income, rise in textile industries, increase in demand
for reliable & eco-friendly materials and growth in expenditure power.
However, environmental concerns related to using the microfibers, growth in
concern about clean water & initiatives for clean water resources and
material can emit the toxic gases may impact the market.
Based on geography, USA country holds major share,
followed by EU in micro fiber market owing to growth in inclination
toward cleanliness of people living in the country. China and Japan countries
are expected to witness lucrative growth rate due to increase in demand for
microfibers in furniture, bags, cleaning clothes, shoes, automotive, & electronics
industries and rise in demand from the developing countries over the forecast
period. In 2019, the market revenue value is US $630 million and it is expected
that the market will be reached at US $720 million, by 2024.
For more information on the research
report, refer to below link:
Related reports
Contact Us:-
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249