AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Microfiber Fabric market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Microfiber Fabric market.
The End use, such as Mats, is boosting the Microfiber Fabric market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Microfiber Fabric market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Number of Home Textile Manufacturers, Lateral Consolidation of Players through Organic and Inorganic Growth Domestically and Internationally and Strong Demand from Hospital Sector for Soft Furnishing.
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.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Microfiber Fabric market by Type (Mono-component Microfiber Fabric and Multi-component Microfiber Fabric), by Application (Household, Commercial Use, Industrial Use and Car Care Products) and major geographies with country level break-up that includes 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). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market