Low melting fiber market

Low Melting Fiber Market, By Application (Automotive, Mattress, Construction, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) -

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Feb 2023
CMI5516
120 Pages
Excel & Pdf
Advanced Materials

Summary

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.

Low Melting Fiber Market Report Coverage

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:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East & Africa: GCC Countries, Israel, and Rest of Middle East, South Africa, North Africa, and Central Africa
Segments covered:	By Application: Automotive, Mattress, Construction, Others
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.,
Growth Drivers:	Increasing demand for mattress across the globe The growing applications of low melting fiber in the construction and textile industries
Restraints & Challenges:	Presence of alternative fibers such as nylon, cotton, wool, and others

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

Table of Content

Table of Contents

* Browse 16 market data tables* and 16 figures* on "Global Low Melting Fiber Market” - Forecast to 2030.

Segmentation

Detailed Segmentation:

Global Low melting fiber Market, By Application:
- Automotive
- Mattress
- Construction
- Others
Global Low melting fiber Market, By Region:
- North America
  - By Application:
    - Automotive
    - Mattress
    - Construction
    - Others
  - By Country:
    - U.S.
    - Canada
- Latin America
  - By Application:
    - Automotive
    - Mattress
    - Construction
    - Others
  - By Country:
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - By Application:
    - Automotive
    - Mattress
    - Construction
    - Others
  - By Country:
    - U.K.
    - Italy
    - France
    - Germany
    - Spain
    - Russia
    - Rest of Europe
- Asia Pacific
  - By Application:
    - Automotive
    - Mattress
    - Construction
    - Others
  - By Country:
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - Rest of Asia Pacific
- Middle East & Africa
  - By Application:
    - Automotive
    - Mattress
    - Construction
    - Others
  - By Sub-region:
    - Middle East
    - Africa

- Frequently Asked Questions -

What was the global low melting fiber market size in 2022?

Global low melting fiber market was valued at around US$ 2,060.8 Mn in 2022.

What are the major growth driving factors for the market during the forecast period?

Increasing demand for mattress is one of the driving factors for the market during the forecast period.

What are the trends in the market?

Growing awareness about the use of recycled low meting fiber is one of the trends in the market.

What are the key factors hampering growth of the market?

Presence of alternative fibers such as nylon, cotton, wool, and others are hindering growth of the market.

Which are the major players operating in the market?

Major players operating in the 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.,.

What is the compound annual growth rate (CAGR) of the market during the forecast period (2023-2030)?

The compound annual growth rate (CAGR) of the market is 5.9% during the forecast period (2023-2030).