Global Microfiber Synthetic Leather Sales Market Insights, Trends, Size, Share & Forecast Research 2023-2029: Tactical Evaluation of Key Players, Investment Opportunity, and Emerging Growth Factors | Hexin Group, Tongda Island, Double Elephant, Topsun Mic

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.

Market Analysis and Insights: Global Microfiber Synthetic Leather Market
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.

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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

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