Low Melting Fiber Market Size, Share, Growth, and Industry Growth by Type (Melting Point <= 130? and Melting Point >= 130?), By Application (Automotive Industry, Bedding Industry, Construction, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Low Melting Fiber Market REPORT OVERVIEW

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The global low melting fiber market size was USD 2092 million in 2022 and is projected to touch USD 4289.47 million by 2031, exhibiting a CAGR of 8.3% during the forecast period.

Low melting fiber is an eco-friendly fiber that has the ability to change according to chemical adhesives. It is produced by spinning bicomponent of modified polyester and general polyester. It is a bio-component type that has a low melting point. It bonds well and it provides diverse melting points by controlling modified polyester. After being combined with other fibers, the bonding strength is semi-permanently durable. It is recyclable in nature which makes it a suitable sustainable option. It is malleable in nature and can be processed into any form and highly durable.

 The growing demand for low melting fiber is due to its various applications and diverse properties. It is used in various manufacturing of variety of products. It is used in the medical industry to make sanitary and medical products. The demand is also derived from construction and automotive industry due to its intricate structure. Rising demand for recyclable staple fibers is expected to create awareness for such fiber and drive the demand for it.

COVID-19 Impact: Restrictions on Various Industries to Hamper Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global low melting fiber market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Restrictions on the operations of various industries halted the demand for simultaneous products. Halt on the industries such as medical, automotive, pharmaceutical, and other industries impacted the demand for the product. On the contrary, the demand for the product was still present owing to the demand for medical and sanitary products, where low melting fiber is used as one of the raw materials.  

LATEST TRENDS

"Demand for Recyclable Fiber"" ""to Develop Market Progress"

Use of low melting fiber is growing due to growing environmental awareness for recycled staple fibers, which is estimated to expand the growth of the global market. The fiber has low melting temperature due to which it can be recycled from time to time. Poly hexamethylene terephthalate (PHT) acts as a low melting temperature sheath polymer in binding of bi-component fibers, which can facilitate circular recycling of nonwoven fibers. Such feasibility of circular recycling propels and improves the sustainability of nonwovens thermally bonded by new bicomponent fibers. Such recyclable nature of the product is projected to aid growth and pose opportunities for the market.

Low Melting Fiber Market SEGMENTATION

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• By Type

Based on type; the market is divided into melting point ≤130 ℃ and melting point >130 ℃.

• By Application

Based on application; the market is divided into automotive industry, construction, bedding industry, and others.  

DRIVING FACTORS

"Various Benefits of the Product to Amplify Product Demand"

The global low melting fiber market growth is anticipated to boost owing to various benefits. Benefits such as diverse melting points, lower melting points, bonding strength, durability, and blends easily with other types of fibers. The fiber also has versatile heat bonding propertiesa and can be processed into any other form due to its structure. Due to such various benefits and advantages such fibers are used in manufacturing of a variety of products. Recyclability of the fiber is one of the striking features of such fibers. Such various benefits of low melting fiber are anticipated to drive the market growth.     

"Growing Applications of the Product to Drive Market Growth"

Increasing demand for low melting fiber is growing due to various growing applications. The fiber finds its applications in manufacturing of a wide variety of products. It is used in the production of high quality mattresses, interlining, and padding. It is used in spinning of durable yarns and intricate structure makes the fiber an excellent insulator for automotive and building. In the medical industry it is used to make medical and sanitary products. Such growing demand due to its various applications is anticipated to fuel the demand in the low melting fiber market.   

RESTRAINING FACTORS

"Instability in Petroleum Prices to Hamper Market Growth"

There are a number of factors that can push the growth of the low melting fiber market. Restraining factors such as instability in the prices of petroleum is expected to restrain the market. Variations in the prices of petroleum can cause instability in the prices and demand. This factor is anticipated to restrict and limit the market growth.   

Low Melting Fiber Market REGIONAL INSIGHTS

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"Asia Pacific to Lead Market Due to High Production of the Product "

Asia Pacific holds the largest part of the global low melting fiber market share due to the rise in the production of low melting fiber. China has the highest production for such fiber. China is one of the largest consumers of petroleum, which is the byproduct of petroleum distillation. The country is also one of the largest importers of carpets, textile, and construction activities. The growth is also attributed to the presence of the majority of manufacturers in the region. Growing applications such as in automotive, mattresses, bedding, furniture, sanitary pads, and diapers is expected to drive the region’s market growth.  

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Huvis (South Korea)
• Toray Advanced Materials Korea (Japan)
• Far Eastern New Century (Taiwan)
• Nan Ya Plastics (Taiwan)
• XiangLu Chemical Fibers
• Yangzhou Tianfulong (China)
• Ningbo Dafa (China)
• Taekwang (South Korea)
• IFG Exelto NV (Belgium)
• Hickory Springs (U.S.)
• Dividan (Belarus)
• Sinopec Yizheng Chemical Fibre (China)
• CNV Corporation (U.S.)
• Shyam Fibers (India)
• ECER (China)
• Xiamen Xiangyuxinghong Technologies (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.