The Impact of COVID-19 is included in Microfiber Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
The future of the microfiber market looks promising with opportunities for cleaning cloths in the household, commercial, industrial, automotive, etc and synthetic leather for shoes, furniture and automotive industries. The microfiber market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for this market are increasing demand for reliable and eco-friendly materials for cleaning in household, hospitals, and other industries and growth in demand for eco-friendly synthetic leather.
Emerging trends, which have a direct impact on the dynamics of the microfiber industry, include development of microfiber for wet-laid process and introduction of PVA infused microfiber.
A total of 157 figures / charts and 130 tables are provided in this 226 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this microfiber market report download the report brochure.
Microfiber opportunities have evolved through number of stages as presented in figure below:
Evolution of Microfiber Opportunities