Microfiber leather, or micro fiber leather, is the highest quality grade synthetic leather, a high-tech simulation of high-end leather material. Microfiber 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 many similar characters as natural leather, however better physical & chemical performance, has been widely popular around the world.
The microfiber suede developed is made of polyurethane and nylon, it not only replicates the softness and comfortable feeling of natural leather without any smell but has excellent performances on aspects of elasticity, tensile strength, abrasion resistance, color fastness, etc. Many industry sectors such as gloves, shoes, boxes, bags and gift-wraps
According to the new market research report “Microfiber Leather and Synthetic Suede- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Microfiber Leather and Synthetic Suede market size is projected to reach USD 1.42 billion by 2029, at a CAGR of 4.6% during the forecast period.
- Global Microfiber Leather and Synthetic Suede MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Microfiber Leather and Synthetic Suede- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Microfiber Leather and Synthetic Suede Top17Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Microfiber Leather and Synthetic Suede- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Microfiber Leather and Synthetic Suede include Kuraray, Kolon Industries, Teijin Cordley, Huafon Group, Wuxi Double Elephant, Wanhua Micro Fiber, Tongda Island, Seiren, Hexin Group, Sanfang, etc. In 2022, the global top five players had a share approximately 61.0% in terms of revenue.
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