The global low melting fiber market was valued at US$ 2,060.8 Million in 2022 and exhibit a CAGR of 5.9% during the forecast period (2023-2030). According to the Global Low Melting Fiber market report, by Application (Automotive, Mattress, Construction, and Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global Low Melting Fiber Market is expected to surpass US$ 3,259.2 Million by 2030 and exhibit a CAGR of 5.9% during the forecast period (2023-2030). Global low melting fiber market is expanding, as a result of rising demand for mattress across the globe.
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Browse 13 market data tables* and 13 figures* on "Global Low Melting Fiber Market” - Forecast to 2030.
Key Trends and Analysis of the Global Low Melting Fiber Market:
Key Takeaways of the Market:
The major players operating in the global low melting fiber market such as 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.,
Global Low Melting Fiber Market - Impact of Coronavirus (Covid-19) Pandemic
Emergence of COVID-19 has negatively affected the globe economy. The end-use industries of low melting fiber market such as automotive, construction, furniture, and textile, among others, shut down their manufacturing sites due to strict lockdown during the pandemics. Moreover, there was decrease in demand for automobiles which further restrained the global low melting fiber market growth. Moreover, the production capacity of market players in the low melting fibers is reduced, owing to scarcity of workforce. However, low melting fiber is one of the raw materials that is used in the production of medical products such as sanitary napkins, medical protective cloth, diaper, and protect masks, among others, and this accelerated global low meting fiber market growth.
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