Market Snapshot:
Microfiber Fabric is referred to as a fiber made from synthetic materials, basically a polyester-nylon blend. This fabric is very fine that is 1/100th diameter of a human hair and almost about one-third cotton fiber diameter. Microfiber has high absorbent property, which makes it effective in picking up and removing soil from a surface. This fabric has a long lifespan when it is used properly and maintained. There are some of the limitations possess by microfibre that is it contains much higher upfront cost than the cotton, and also it requires special laundering.
Market Drivers
- Increasing Number of Home Textile Manufacturers
- Lateral Consolidation of Players through Organic and Inorganic Growth Domestically and Internationally
- Strong Demand from Hospital Sector for Soft Furnishing
Market Trend
- Advancement in Infrastructure Related To Textile Machinery, Transport and Power
- Rising Consumption Trend towards Branded Domestic and Global Products
Restraints
- Rising Cost of Raw Materials
Opportunities
Increasing Wealth of the Upper Middle and High Income Strata and High Growth of Retail Culture in Countries like India and China
Vendors Covered in the Study are:
Toray (Japan), Kuraray (Japan), Asahi Kasei (Japan), Kolon (South Korea), Teijin (Japan), Sheng Hong Group (China), 3M (United States), Eastman (Japan), Sanfang (Taiwan) and KB Seiren (Japan)
The Global Microfiber Fabric market is gaining huge competition due to involvement of Japanese companies that constantly invest in research & development to meet market expectation with new innovation.
Available Customization:
List of players that can be included in the study on immediate basis are Hexin, Duksung, Norwex, SISA, Vileda, Acelon Chemical, Huafon Microfibre and Double Elephant.