Global Microfiber Synthetic Leather Sales Market Report 2023

Market Analysis and Insights: Global Microfiber Synthetic Leather Market

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.

Due to the COVID-19 pandemic, the global Microfiber Synthetic Leather market size is estimated to be worth US$ 1484.2 million in 2022 and is forecast to a readjusted size of US$ 1755.7 million by 2029 with a CAGR of 2.4% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Co-Blending Spinning accounting for % of the Microfiber Synthetic Leather global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Shoes Industry segment is altered to an % CAGR throughout this forecast period.

Global Microfiber Synthetic Leather main players are Huafon Group, Kuraray, Toray, Hexin Group, etc. Global top four manufacturers hold a share over 30%. China is the largest market, with a share nearly 65%.

Global Microfiber Synthetic Leather Scope and Market Size

The global Microfiber Synthetic Leather market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Microfiber Synthetic Leather market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Co-Blending Spinning

Composite Spinning

Direct Spinning



Segment by Application


Shoes Industry

Furniture Industry

Automotive Industry

Case & Bag Industry

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


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