The global low melting fiber market is projected to surpass US$ 3,259.2 Million by the end of 2030, in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2023 to 2030).
Global Low Melting Fiber Market- Drivers
Increasing demand for mattress
The low melting fiber is used to manufacture more comfortable mattress, as it has more efficient properties than its alternatives including wool, cotton, and nylon, among others. Moreover, there is increase in demand for mattress across different sectors such as hospital, commercial, corporate, education, and others, which is further boosting demand for low melting fiber. Moreover, the mattress made with non-woven low melting fiber offers prevention from bed bug plagues.
Figure 1. Global Low Melting Fiber Market, Revenue Share (%), By Region, 2022
North America accounted for the largest share in the global low melting fiber market in 2022. In this region, U.S. is the largest consumer of petroleum and its byproducts during distillation process. Moreover, the byproducts of petroleum distillation are used as a raw material for the production of low melting fiber. On the other hand, in Canada there is rise in demand for low melting fiber due to rapid growth of population and urbanization. Moreover, the growing applications of low melting fiber in the construction and textile industries across the region is expected to boost the product demand. These are key factors that are expected to accelerate the global low melting fiber market growth over forecast period.
Global Low Melting Fiber Market- Restraints
Presence of alternative fibers
There are number of substitutes available for low melting fiber such as wool, cotton, jute, silk, hemp, rayon, nylon, and others. Cotton is one of the natural fibers which is used for making comfortable clothing materials. On the other hand, jute is used in packaging materials and wool is used in clothing fibers for cold climates. Moreover, the natural fibers offers several properties including renewability, biodegradability, environment friendliness, low density, nontoxicity, and others, and this is limiting demand for low melting fiber.
Global Low Melting Fiber Market- Trends
Growing awareness about the use of recycled low melting fibers
Growing demand for recycled low melting fibers, owing to increasing awareness about the protection of environment is expected to propel the global low melting fiber market growth during the forecast period. Furthermore, the consumer’s preference is shifting towards the more sustainable clothing along with attractive prints and trending designs is one of the key factors to drive the product demand in market.
Figure 2. Global Low Melting Fiber Market, Revenue Share (%), by Application, in 2022
On the basis of application, the global low melting fiber market can be classified into automotive, mattress, construction, and others. Among these, mattress accounted for the largest share in 2022. Growing demand for mattress in various sectors including hospitals, restaurants, hostels, residential buildings, and commercial buildings, among others further propel the global low melting fiber market growth. Moreover, the mattress made with low melting fiber offers more comfort and resistance to bed bug plagues.
Impact of Covid-19 on the Global Low Melting Fiber Market
The outbreak of COVID-19 negatively impacted the global low melting fiber market due to strict lockdown. The manufacturers of low melting fiber were facing hardships at their working sites during the pandemics. Some factors such as interruption in the supply and demand chain and stringent regulations on transportation of workers acted as restraint for global market growth low melting fiber during the pandemics. Moreover, the low melting fiber is widely used in automotive industry. However, sudden decline in demand for automobiles due to lack of manpower and raw materials further hampered the global low melting fiber market growth. The global market players in the low melting fiber market faced less productivity problems during COVID-19.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 2,060.8 Mn |
| Historical Data for: | 2017 to 2021 | Forecast Period: | 2023-2030 |
| Forecast Period 2023 to 2030 CAGR: | 5.9% | 2030 Value Projection: | US$ 3,259.2 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Huvis Corp., TORAY CHEMICAL KOREA INC., Taekwang Industrial Co.,Ltd, NINGBO DAFA CHEMICAL FIBER CO., LTD., Yangzhou Tianfulong, NAN YA PLASTICS CORPORATION, Hickory Springs, and Xiamen Xianglu Chemical Fiber Co., Ltd., |
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| Restraints & Challenges: |
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Competitive Section
The major players operating in the global low melting fiber market include Huvis Corp., TORAY CHEMICAL KOREA INC., Taekwang Industrial Co.,Ltd, NINGBO DAFA CHEMICAL FIBER CO., LTD., Yangzhou Tianfulong, NAN YA PLASTICS CORPORATION, Hickory Springs, and Xiamen Xianglu Chemical Fiber Co., Ltd
Recent Developments
For instance, in December 2022, TORAY CHEMICAL KOREA INC., declared that the company would sell nylon 6, which is a chemically recycled fiber (N6CR) yarns and textile, among other products, in Japan. This fiber is used in several applications such as ropes, fishing nets, automotive parts, carpets, and others. TORAY CHEMICAL KOREA INC. is one of manufacturers of polyester fibers, and other related products. Moreover, this company manufactures and sells polyester staple fibers, polyester filaments, special chips, and other textiles products.
Definition: - Low melting fiber is produced by bi-component spinning of modified polyester and ordinary polyester. This fiber can be melted at low temperature is ranging between 110℃ to 200℃. Low melting fiber offers excellent bonding properties, thus is used with other fibers
Low melting fiber is referred as a bi-component fiber which has strong bonding properties. The low melting fiber is used in the spinning of durable yarns. Moreover, this fiber is used as excellent insulating material in automotive and construction industry, due to its intricate structure. Furthermore, this fiber is blended with solid recycled material or solid polyester fibers, which is further used for the car molding. The low melting fiber provides easy bonding and high elasticity, and thus is used for the production of interior parts of car, mattress, medical goods, among others.
Market Dynamics
Soaring demand for low melting fiber owing to its different benefits
The low melting fiber offers various benefits such as low melting point, durability, and high bonding strength. Moreover, it is blended with other types of fibers and is used to manufacture padding, interlining, and high quality mattress. Furthermore, it is used to manufacture sanitary and medical products. Thus, different benefits of low melting fiber is likely to boost the product demand across the globe.
Rising demand for low melting fiber in the automotive industry
Low melting fiber is used in the automotive materials including ceiling material, engine hoof, and others. Moreover, low melting fiber has an improved mixing properties, high resiliency, and outstanding bonding, which further proliferates the product demand. Furthermore, low melting fiber has a wide range of applications such as in car door trims, headliners, and others, and this is expected to offer lucrative growth opportunities across the global market players.
Fluctuating raw material prices hampering the market growth
The volatile prices of petroleum is likely to vary the raw material prices, this is further limiting the global low melting fiber market growth. Moreover, low melting fiber is not biodegradable as compared to natural fibers such as cotton, silk, hemp, and wool, among others. Furthermore, the lifespan of fibers has reduced, resulting in discarding non-woven low melting fiber, as litters, in the landfills. Owing to this, there are several environmental issues occurred which are hindering the product demand. Nevertheless, the growing demand for recyclable low melting fiber is projected to accelerate the market growth during the forecast period.
Key features of the study:
Detailed Segmentation:
*” marked represents similar segmentation in other categories in the respective section.
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