The global Microfiber market was valued at 67.62 Million USD in 2021 and will grow with a CAGR of 1.9% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Microfiber is synthetic fiber finer than one denier or decitex/thread. However, recently, there is no uniform definition of international fine fibers. In Japan, microfiber is less than 0.3 dtex. German Textile Association monofilament polyester fiber linear density of less than 1.2 dtex, polyamide fiber linear density of less than 1.0 dtex is called superfine fibers; and Montefibre company ‘s linear density of less than 0.55 dtex polyester fiber called microfiber; US PET Commission defines that 0.3 dtex ~ 1.0 dtex fiber is defined as ultra-fine fibers; AKZO company believes microfiber upper limit should be 0.3 dtex, but most people accepted definition dpf <1.0 dtex fibers are microfibers and dpf <0.1 dtex fibers called ultrafine fibers. In china microfiber is less than 2.2 dtex and most global manufacturers produce the microfibers that are less than 0.3 dtex. The most common types of microfibers are made from polyesters, polyamides (e.g., nylon, Kevlar, Nomex, trogamide), or a conjugation of polyester, polyamide, and polypropylene (Prolen). Microfiber is used to make mats, knits, and weaves for apparel, upholstery, industrial filters, and cleaning products. The shape, size, and combinations of synthetic fibers are selected for specific characteristics, including softness, toughness, absorption, water repellency, electrostatics, and filtering capabilities. In the report, we define 0-0.3 dtex is short microfiber and 0.3-1.2 dtex is long microfiber. And the volume of microfiber is calculated by all the microfiber less than 1.2 dtex. In fact, microfiber is generally used directly in downstream products. In the market, the sales of microfiber only hold a small part of total microfiber. Since high-performance microfiber entered the market, it had got great attention. As a new material, it is mainly applied to make microfiber leather and microfiber cleaning cloths. During the production process of microfiber leather or microfiber cleaning cloth, microfiber is also produced. Over the past few years, demand for microfiber is relatively stable. In the future, downstream demand will continues improving with the improvement of people`s quality of life. Global market is expected to witness significant growth on account of rising applications, so in the next few years, microfiber consumption will show a trend of steady growth. On product prices, the slow downward trend in recent years will maintain in the future.

By Market Verdors:

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

By Types:

Long Microfiber

Short Microfiber

By Applications:

Microfiber Leather

Microfiber Cleaning Cloths

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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