Microfiber Market
Microfiber Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Microfiber Market Size and Growth
The microfiber market has experienced robust growth, driven by increasing demand in textiles, automotive, and cleaning products. The global market size is projected to reach approximately $20 billion by 2026, with a CAGR of around 7% from 2021 to 2026, reflecting a significant opportunity for innovation and investment.
Companies Covered
(Covid 19 Impact Covered)
◍ 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
The microfiber market features key players like Toray, Kuraray, and 3M, leveraging advanced technologies for diverse applications in cleaning, textiles, and automotive. Their innovation boosts product quality and expands market reach, driving growth. Selected companies' revenues include:
- 3M: $35.3 billion
- Toray: $10.1 billion
- Asahi Kasei: $11.3 billion.
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Market Segmentation
By Application
Microfiber Leather
Microfiber Cleaning Cloths
Others
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By Product
Long Microfiber
Short Microfiber
$ 2294.27 Million
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