About Long Microfiber
Long Microfiber is a synthetic fiber, which is used in the process of cleaning. These microfibers are used to make mats, knits, and weaves for apparel, upholstery and many more. The shape, size, and combinations of synthetic fibers are selected in a specific way a consumer need. The rising need for this microfiber in different applications is driving the market demand.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Long Microfiber Market is competitive in nature. The various key manufacturers of the market are focusing on strategies and collaborations so that they can survive the competition in the market. Analyst at AMA Research estimates that Asia-Pacific Vendors will contribute the maximum growth to Global Long Microfiber market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Toray (Japan), Kuraray (Japan), Asahi Kasei (Japan), Freudenberg Group (Germany), Eastman (United States), Kolon (South Korea), Teijin (Japan) and Sheng Hong Group (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are KB Seiren (Japan), Vileda (Germany), Duksung (South Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Long Microfiber market by Type (0.3-1.0 Dtex and Above 1.0 Dtex), Application (Cleaning Cloths, Synthetic Leather and Others) and Region.
On the basis of geography, the market of Long Microfiber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Household will boost the Long Microfiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polyester will boost the Long Microfiber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development of Microfiber for Wet-Laid Process and Introduction of PVA Infused Microfiber
Market Growth Drivers:
Rising Demand for Better Cleaning is one of the major Driving Factor and Increasing Awareness about Cleanness is also Driving the Market
Challenges:
Concern Related to Microfiber Products which Cannot be mixed with Other Items
Restraints:
Alternative Substitutes Present in Market such as Short Microfibers and Fluctuating Raw Material Price
Opportunities:
Growing Adaptation of these Microfibers in Automotive, Healthcare and Many More Sectors is Boosting the Demand
Market Leaders and their expansionary development strategies
In April 2021, Kudun and Partners represented a consortium consisting of Opes Callan Limited, Hatton Equity Partners (Thailand) and Japan South East Asia Finance Fund L.P., a private equity invested by Development Bank of Japan, on its acquisition (including project financing) of 100% stake in Microfiber Industries Limited for the total value of THB 1.85 billion (USD 58.6 million).
In June 2023, Samsung has launched its Less Microfiber filter, aiming to reduce plastic microfiber emissions during laundry cycles. The washing machine external filter stops microplastics entering the ocean, preventing up to 98% of microplastics released during laundry from escaping. The company hopes this will eradicate up to eight 500ml plastic bottles per year when used four times each week. The filter has a mountable design style that allows it to be used with standard washing machines. Samsung designed the filter with inspiration from global ocean conservation organisation Ocean Wise and apparel maker Patagonia.
Key Target Audience
Long Microfiber Manufactures, Long Microfiber Distributors, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.