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Global Microfiber Synthetic Leather Market Is Valued At 1343.94 Million USD In 2017 And Is Expected To Reach 1614.43 Million USD By The End Of 2024

Market Research Report Store offers a latest published report on Microfiber Synthetic Leather Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 138 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

Microfiber Synthetic Leather

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Microfiber leather, or micro fiber leather, is the highest quality grade synthetic leather, a high-tech simulation of high-end leather material. Microfiber Synthetic Leather is simulated the structure of natural leather, using superfine micro fiber (ultra-fine fiber bundle), and high-grade polyurethane resins as raw materials, has a lot of similar characters as natural leather, however better physical & chemical performance, has been widely popular around the world.

The major players in global Microfiber Synthetic Leather market include: Huafon Group, Kuraray, Toray, Hexin Group, Tongda Island, Double Elephant, Topsun Micro Fiber, Teijin Cordley, Asahi Kasei, Xiangyu Xinghong, Kolon Industries, Sanfang, Wanhua Micro Fiber, Meisheng Group, FILWEL, Sanling Micro Fiber, SISA, NPC, Ecolorica, Daewon, Jeongsan International, Sanling Microfiber.

On the basis of product, the Microfiber Synthetic Leather market is primarily split into: Co-Blending Spinning, Composite Spinning , Direct Spinning.

On the basis on the end users/applications, this report covers: Shoes Industry, Furniture Industry, Automotive Industry, Case & Bag Industry, Other.

Microfiber leather is a synthetic leather where high grade polyurethane resin and ultra fine microfiber bundles are combined together to mimic the microscopic structure of leather. The technique used to produce microfiber leather gives the end product a similar amino structure as genuine leather. Applications of microfiber leather mainly come from shoes industry, furniture industry, automobile industry, etc. Among those applications, shoes industry accounts the largest share with 42.18% in 2017.

The microfiber leather industry is led by Japan-based companies. Microfiber leather from Kuraray, Toray and so on has high reputation for their quality. Compared with the Japanese manufacturer, products from other regions, especially China, still has obvious quality gap.

Global production of microfiber leather increased from 142198 K Sq.m in 2013 to 178415 K Sq.m in 2017. The largest production base lies in China, which held 61.28% production share in 2017. As for the consumption, China is also the largest consumer, who consumed 136052 K Sq.m microfiber leather in the same year. The follower is Europe, with 9.13% consumption share.

Compared with other leather products, microfiber leather has its own advantages, such as excellent scratch, tear, and abrasion resistance, lightweight, soft and smooth, which attract more and more consumers’ preference. It is estimated that global microfiber leather industry will be worthy of 1614.43 million USD in 2024, with the CAGR of 2.65% during the forecast period of 2017 to 2024.

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Related Information:

North America Microfiber Synthetic Leather Market Growth 2019-2024

United States Microfiber Synthetic Leather Market Growth 2019-2024

Asia-Pacific Microfiber Synthetic Leather Market Growth 2019-2024

Europe Microfiber Synthetic Leather Market Growth 2019-2024

EMEA Microfiber Synthetic Leather Market Growth 2019-2024

Global Microfiber Synthetic Leather Market Growth 2019-2024

China Microfiber Synthetic Leather Market Growth 2019-2024

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Tags: Microfiber Synthetic Leather

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Global Microfiber Synthetic Leather Market Is Valued At 1343.94 Million USD In 2017 And Is Expected To Reach 1614.43 Million USD By The End Of 2024

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