PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: ResearchInChina

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ResearchinChina.com Publishes Global and China Microfiber Leather 2011-2012 Industry Report - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report – Global and China Microfiber Leather Industry Report, 2011-2012
ResearchinChina.com Publishes Global and China Microfiber Leather 2011-2012 Industry Report

 

NewswireToday - /newswire/ - Beijing, China, 2012/08/14 - ResearchInChina, the vertical portal for Chinese business intelligence, announces the release of a new report – Global and China Microfiber Leather Industry Report, 2011-2012.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consulting/Market Research Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As an upgrading product of traditional artificial leather and an alternative to genuine leather, microfiber leather has been in tight supply. From 2004 to 2010, the global output of microfiber leather maintained a CAGR of 8.7%. In 2010, the figure grew 7.6% YoY to 118 million square meters. Along with the new capacity release of major manufacturers, the world’s output of microfiber feather is expected to reach 141 million square meters in 2012. Although the growth rate of microfiber leather output is greater than that of the demand, the product is still in short supply because of the large supply-demand gap at present, and the balance between supply and demand is estimated to be achieved around 2013.

Chinese microfiber leather industry characterizes the followings:

• The industry features a high degree of concentration. Presently, three listed companies including Zhejiang Hexin Industry Group, Wuxi Double Elephant Micro Fiber Material and Huafon Microfibre (Shanghai), as well as to-be-listed Shandong Tongda Island New Materials occupy more than 50% of the market, among which, Huafon Microfibre accounted for around 22.1% market share in 2010. ?

• Shoe and furniture microfiber leather prevail and automotive interior microfiber leather becomes new bright spot. The demand for microfiber leather mainly comes from downstream sectors such as shoes, furniture, car and bag & luggage. Microfiber leather for shoes and furniture makes up approximately 70.2% of the downstream demand, and that for clothing and cars each accounts for around 6.1%. Microfiber leather for automotive interiors is expected to become new growth engine of demand from downstream industries.

• China outpaces Japan to rank first in production. In 2010, the output of microfiber leather in China got to 48.6 million square meters, accounting for 41.36% of the global total, and China thus excelled Japan for the first time to become the world’s largest producer. As Chinese manufacturing enterprises enhance their technology development strength, microfiber leather production keeps being transferred to China.

• The balance between supply and demand will be realized in 2013. Currently, Chinese microfiber leather industry is in short supply. In 2010, the consumption of microfiber leather in China reached 92 million square meters, while the output barely attained 48.6 million square meters in the same period, so China is currently a net importer of microfiber leather. Coveted by the high profitability of microfiber leather products, many enterprises are expanding their production capacities. It is estimated that the tight supply of microfiber leather will be replaced by supply-demand balance or even oversupply after 2013.

It is in the report that covers the followings:

• The current status, market size, competition pattern and supply & demand of microfiber leather in China and in the world;
• Import & export, entry barriers, development prospects and trends of Chinese microfiber leather industry;
• The upstream and downstream sectors of Chinese microfiber leather industry, focusing on the current status of and demand from the downstream industries including shoes, furniture, clothing, automotive interiors, bag & luggage and sporting goods;
• Operation, project planning and forecasts of the world’s 5 leading microfiber leather manufacturers and China’s 10 major microfiber leather enterprises.

Japanese companies represented by Toray and Kuraray are the leading manufacturers equipped with the most advanced technologies and boasting of the largest output and the most complete product portfolio in the industry. Chinese microfiber leather enterprises still lag behind Japanese producers in technical level, but enjoy high growth speed. Additionally, it is noteworthy that the gross margin of ordinary synthetic leather approximates 10%-25%, while that of microfiber leather products averages around 30%, with 5-20 percentage points higher than the former, which also explains microfiber leather manufacturers’ increasing efforts in capacity release.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Consulting/Market Research Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ResearchInChina

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Consulting/Market Research articles,
CATCH Visitors via Your Competitors Announcements!


ResearchinChina.com Publishes Global and China Microfiber Leather 2011-2012 Industry Report

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: ResearchinChina.com 
+86 10 82600893 report[.]researchinchina.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ResearchInChina securities in any jurisdiction including any other companies listed or named in this release.

Consulting/Market Research via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ResearchInChina / Company Profile


Read Consulting/Market Research Most Recent Related Newswires:

CulturePro Consulting and Inloso, LLC Announce Joint Venture
Kantar Unveils A New Corporate Identity Across its Operating Brands - Announces Launch of Two New Operating Brands
Kantar Unveils A New Corporate Identity - Launches Two New Operating Brands
Kantar and ComScore Expand Behavioural Data Partnership to North America
Frost & Sullivan Partners with Vaahika Under the ‘Companies to Action’ Program
Kantar's TNS Takes Full Ownership of TNS ICAP in Greece
TNS Takes Full Ownership of TNS ICAP in Greece
California Energy Commission Selects Energetics to Develop Research Roadmap
GroupM Launches LIVE Panel Connecting with Multiple Data Sources Across Kantar
Asia Transformationand Turnaround Association Partner with Institute for Turnaround
FTI Consulting Launches Expert App Version 1.2 for Smartphones and Tablets
Report Xplore Publishes Wood Coatings Market in Europe 2015-2019
Kantar Participates in Joint Initiative to Boost Transparency in Online Research
Two Energetics Publications Win Society for Technical Communication Awards
Charles River Analytics Develops Virtual Environment-based Training Tools for US Navy

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)