Global Місrоfіbеr Сlеаnіng Сlоthѕ Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Microfiber Cleaning Cloths Market Overview:

The Global Microfiber Cleaning Cloths Market was valued at UЅD $698.0 Мn in 2020, and is projected to achieve a valuation of UЅD $877.2 Мn by 2030, at a САGR of 2.7%.

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Microfiber is a synthetic fiber that is finer than one denier or decitex/thread, having a diameter of less than ten micrometers. They are used to make a wide variety of products such as knits, mats, apparel, industrial filters, upholstery, and more specifically cleaning products.

Dynamics:

The combination of polyester and polyamide lends microfiber textiles various favorable properties such as increased durability, electrostatic, filtering characteristics that make it an ideal cleaning solution that is capable of collecting various contaminants of a given surface with ease.

This is a major factor that is anticipated to continue to fuel the revenue growth of the global microfiber cleaning cloths market over the next decade. Moreover, the growing demand for appropriate cleaning solutions in both residential and commercial settings, as well as the need for eco-friendlier cleaning products are also some of the factors that are slated to further augment market growth opportunities for this global industry in the years to come.

Additionally, microfiber cleaning cloths lowers the probability of slips and other mishaps that may occur as a result of a specific surfaced being cleaned, as they tend to dry quicker than when a conventional mop is utilized instead. This is another factor that is expected to compliment the revenue growth prospects of the global microfiber cleaning cloths market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies.

The global microfiber cleaning cloths market is no different, and this factor is anticipated to have an immensely negative impact on the revenue growth of this industry. Moreover, the non-degradable and non-renewable properties of microfiber cleaning cloths is also a factor that may impede on the revenue growth of this global industry in the years to come.

Nonetheless, several key industry players are now focusing their respective efforts on the development of microfiber cleaning cloths that are produced using polypropylene, which will lend these fabrics recyclable properties. This factor will not only increase the adoption of these products drastically, but in doing so, exponentially boost new opportunities for market growth in the foreseeable future.

Segmentation of the Global Microfiber Cleaning Cloths Market is as follows:

In terms of material type, the blend segment accounted for the maximum number of revenue shares of the global microfiber cleaning cloths market in 2020, and is expected to continue doing so over the forecast period. The pure polymer segment is also anticipated to index a high CAGR over the next 10 years.

With regards to end-use, the commercial & industrial segment accounted for the highest number of revenue shares of the global microfiber cleaning cloths market in 2020, and is anticipated to continue to do so over the next decade. The household segment is also indicative of registering a high CAGR over the forecast period.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global microfiber cleaning cloths market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. The markets in Europe and the Middle East & Africa accounted for the second-, and third-most number of revenue shares in 2020, and are indicative of retaining their respective market positions over the course of the forecast period.

Segmentation of the Global Microfiber Cleaning Cloths Market:

Segmentation by Material Type:

• Blend (Polyester + Polyamide)
• Pure Polymer

Segmentation by End-Use:

• Household Use
• Commercial and Industrial
  • Healthcare
  • HoReCa (Hotels, Restaurants & Cafes)
  • Commercial
  • Public Interest
  • Industrial
• Car Care
  • Personal
  • Auto Repair Shop
  • Car Wash Center

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA