Microfiber Leather Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4358
Microfiber Leather Market size is expected to attain significant growth rate in the projected time frame as a result of increasing demand from furniture and automotive industry.
Microfiber Leather is one of the high-quality grades synthetic leather. It is simulated in the natural leather structure by using super fine microfibers and polyurethane resins of high grade as raw materials by using 3 D nonwoven technology. As a result of superior performance, the product is an ideal alternative and optimal substitute for leather. The major raw materials used in the production of this category of leather are low density polyethylene, polyurethane pulp and nylon chips.
Rising automotive and furniture industry is the key reason behind increasing microfiber leather market demand across the globe. The product is mostly used in sofas and several other furniture owing to its durable and soft texture of fabric. Microfibers are tightly woven and are designed for repelling stains and for discoloration purposes which makes it a perfect choice to be used in upholstery which can be used in household applications. The U.S. furniture market has been undergoing a huge economic recovery and improving infrastructure and housing market. As a result of innovations, entering into furniture market followed by startups and incumbents, the U.S. furniture market is expected to grow in future as well which in turn can uplift product demand in the nation over the forecast duration.
Besides being used in ample number of industries, product demand can be hampered due to few disadvantages of microfiber leathers. One of the major factors hindering product demand is its high cost. Although due to innovations and technological advancements, the cost is progressively declining for over years. Moreover, these leathers are less durable as compared to traditional leathers which is another reason keeping many consumers away from the product.
The microfiber leather market is categorized based on type as composite spinning, co-blending spinning, direct spinning and others. Direct spinning process is a step ahead of conventional spinning in which the spinning conditions are quite optimized to make it suitable for producing ultra-fine fibers. The process includes production of polymer melt from raw materials and later it is pumped directly to the spinning mill. This process is mostly applied while producing polyester fiber and in producing filaments as well.
On the basis of application, the market is segmented into furniture leather, automotive trim leather, cleaning leather, shoes leather and others. Microfiber leather is used in the production of synthetic leather shoes specially in shoe upper, leather shoe uppers, casual shoes, boots, etc. However, in the automotive industry, the product is used in car seat fabrics which look and feels same as conventional leather as a result of high trim, stitch strength and more durability. The product is highly being used in the furniture industry attributed to its benefits such as durability, stain resistant, dust free and easy to clean.
Asia pacific is likely to be the largest region for microfiber leather market growth as a result of rising product demand from various end user industries such as automotive, electronics, furniture, shoe industry, etc. The development of furniture industry in china as a result of increasing foreign direct investments in the country from Taiwan, the U.S. and other countries; low wages, easily accessible raw materials and many other incentives are attracting players in the country which is creating the growth of the market in the region. Furthermore, technological advancements in the furniture industry is another reason creating opportunities for microfiber leather in the industry. For instance, utilization of wireless charging in furniture has been increasing the furniture demand in the industry. Also, incorporation of technologies such as wireless charging, Bluetooth speakers, etc. in furniture is anticipated to strengthen market growth.
Microfiber leather market is highly fragmented due to the presence of many small- and large-scale players in the market. Some of the product manufactures include Toray, Asahi Kasei, Seiren Group, Far Eastern Group, 3M, Huafon Group and Double Elephant.
By Type, 2014-2025 (Tons) (USD Million)
- Co-blending Spinning
- Composite Spinning
- Direct Spinning
By Application, 2014-2025 (Tons) (USD Million)
- Shoes leather
- Furniture leather
- Automotive trim leather
- Cleaning leather
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Asahi Kasei
- Kolon Ind
- Tongda Island
- Huafon Group
- Double Elephant
- Hexin Group
- Zhejiang Key
- Huanghe Micro Fibre
- Seiren Group
- Far Eastern Group
- Huafon Group
- Double Elephant
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