Dublin, April 12, 2019 (GLOBE NEWSWIRE) -- The "Microfiber Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The global microfiber market is expected to grow at a CAGR of 3.5% from 2018 to 2023.

The future of the microfiber market looks promising with opportunities for cleaning cloths in the household, commercial, industrial, automotive, etc and synthetic leather for shoes, furniture and automotive industries. The major drivers for this market are increasing demand for reliable and eco-friendly materials for cleaning in household, hospitals, and other industries and growth in demand for eco-friendly synthetic leather.

Emerging trends, which have a direct impact on the dynamics of the microfiber industry, include development of microfiber for wet-laid process and introduction of PVA infused microfiber.

The report 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.

Within the microfiber market, household will remain the largest end use industry 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.

Some of the microfiber companies profiled in this report include Toray Industries, Kuraray, Huafon Group, 3M, Freudenberg Group, Eastman, Kolon Group, Welcron, Asahi Kasei, Seiren Group, Sanfang Chemical, Acelon, Far Eastern Group, Eurow, Sangdong Tongda, and Double Elephant and others.

Some of the features of Microfiber Market Report: Trends, Forecast, and Competitive Analysis include:

• Market size estimates: Global microfiber market size estimation in terms of value ($M) and volume (MLbs.) shipment.
• Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by application, and end use industry.
• Segmentation analysis: Global microfiber market size by various applications such as material, application, product type, and end use in terms of value and volume shipment.
• Growth opportunities: Analysis on growth opportunities in different applications and regions of microfiber in the global microfiber market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape of microfiber in the global microfiber market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

Key Topics Covered:

1. Executive Summary

2. Global Microfiber Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2012 to 2023
3.1: Macroeconomic Trends and Forecasts
3.2: Global Microfiber Market Trends and Forecast
3.3: Global Microfiber Market by Application
3.3.1: Cleaning Cloths
3.3.2: Synthetic Leather
3.3.3: Other Applications
3.4: Global Microfiber Market by Product Type
3.4.1: Short Microfiber
3.4.2: Long Microfiber
3.5: Global Microfiber Market by Material
3.5.1: Polyester
3.5.2: Polyamide
3.5.3: Other Materials
3.6: Global Microfiber Market by End Use Industry

4. Market Trends and Forecast Analysis by Region
4.1: Global Microfiber Market by Region
4.2: North American Microfiber Market
4.2.1: Market by Application: Cleaning Cloths, Synthetic Leather, and Others
4.2.2: Market by Product Type: Short Microfiber and Long Microfiber
4.2.3: Market by Material: Polyester, Polyamide, and Others
4.2.4: United States Microfiber Market
4.2.5: Canadian Microfiber Market
4.2.6: Mexican Microfiber Market
4.3: European Microfiber Market
4.4: APAC Microfiber Market
4.5: ROW Microfiber Market

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis

6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin

7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Microfiber Market by Application
7.1.2: Growth Opportunities for the Global Microfiber Market by Product Type
7.1.3: Growth Opportunities for the Global Microfiber Market by Material
7.1.4: Growth Opportunities for the Global Microfiber Market by End Use Industry
7.1.5: Growth Opportunities for the Global Microfiber Market by Region
7.2: Emerging Trends in the Global Microfiber Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion in the Global Microfiber Market
7.3.3: Certification and Licensing

8. Company Profiles of Leading Players
8.1: Toray Industries Incorporation
8.2: Kuraray Co. Ltd.
8.3: Huafon Group Ltd. (Huafon Microfibre Co., Ltd.)
8.4: 3M Company
8.5: Freudenberg Group Ltd. (Vileda)

For more information about this report visit https://www.researchandmarkets.com/r/ss7uwj

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Related Topics: Synthetic Textiles