The global low melting fiber market has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to textile and nonwoven industry, sustainability and eco-friendly materials, growing automotive industry, growing medical and hygiene products.
The global low melting fiber market is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing demand for nonwoven fabrics, growing construction sector, rising demand from the bedding industry, increasing demand from the medical industry, demand from the aerospace industry. Major trends in the forecast period include innovation in fiber technology, increasing use of low melting fibers in 3d printing, innovative low melting fiber products, increasing investment by private players in the low melting fiber.
The rising demand for mattresses is anticipated to be a key driver for the future growth of the low-melting fiber market. Mattresses, designed as cushioned surfaces for sleeping and resting, typically incorporate various materials and come in a range of sizes and firmness levels. Low-melting fiber plays a crucial role in the manufacturing of mattresses, as its distinctive characteristics contribute to improved comfort, support, and durability by enhancing bonding during production. For example, in June 2022, the International Sleep Products Association, a U.S.-based trade association in the mattress and bedding industry, reported in its Mattress Trend report that the value of mattresses and foundations produced in the United States reached $9.9 billion in 2021, marking a 17.4% increase from 2020, with unit shipments remaining stable at 37.0 million, showing a slight rise of 0.1%. Additionally, the average unit price for mattress products increased by 17.2% in 2021. Consequently, the growing demand for mattresses is expected to be a driving force behind the expansion of the low-melting fiber market.
The rising demand within the construction sector is expected to be a key driver for the growth of the low-melting fiber market in the coming years. The construction sector involves the creation and assembly of various structures and infrastructure. Low-melting fibers find extensive applications in construction for enhancing the durability, weather resistance, thermal performance, acoustic performance, and filtration properties of construction materials. For example, in September 2023, the United States Census Bureau reported an over 8% increase in the total value of residential and non-residential construction in the US between 2020 and 2021. Furthermore, a study by Oxford Economics in September 2021 projected substantial growth in global construction output, with an estimated increase of around 42%, adding approximately US$4.5 trillion to reach a total of US$15.2 trillion by 2030. As a result, the surging demand in the construction sector is a significant driver behind the growth of the low-melting fiber market.
Stringent regulations and standards governing the use of low-melting fibers in various applications pose a challenge that could impede the market's growth during the forecast period. The utilization of low-melting fibers is subject to a range of regulations and standards aimed at ensuring safety, health, and environmental compliance. Manufacturers are required to adhere to these regulations and standards to guarantee the safety and quality of their products. For example, in June 2023, The International Trade Administration reported that the US Department of Commerce imposed antidumping duties on low melt polyester staple fiber from the Republic of Korea, citing unfair trade practices. Consequently, the stringent regulatory framework and standards concerning the use of low-melting fibers in diverse applications present obstacles to the expansion of the low-melting fibers market.
Prominent companies in the low-melting fiber industry are actively engaged in the development of sustainable solutions to maintain their competitive edge. For example, in August 2021, Fiberpartner Aps, a textile manufacturing firm based in Denmark, introduced an eco-friendly and biodegradable alternative for blending bonding fibers with natural fibers, employing PrimaLoft Biotechnology. These low-melt fibers are engineered to biodegrade through hydro degradation, leaving behind only natural elements and undergoing bio-technical recycling. These fibers deliver outstanding performance and bonding capabilities, whether used with synthetic or natural fibers, thereby contributing to the reduction of microplastics in landfills, oceans, and waterways. Fiberpartner's Polyester Low Melt LMF (CoPET/PET) fiber is widely employed as a binding agent in core-sheath constructions, effectively forming bonds with other polyester fibers for applications like wadding, insulation, filtration, automotive components, and heat-bonded products. It is frequently blended with solid polyester fibers or recycled materials.
In September of 2022, Radici Group, a chemical company headquartered in Italy, completed the acquisition of Ester Industries Ltd.'s engineering plastics division, with the transaction amount undisclosed. This acquisition aligns with RadiciGroup's strategic goals of enhancing its presence in the Indian market, broadening its array of products, and utilizing the existing infrastructure and expertise to support its global expansion efforts. Ester Industries Ltd., an Indian chemical manufacturing company, is known for its specialization in plastics and low-melt polymers used in textile applications.
Major players in the low melting fiber market are BASF SE, Mitsubishi Chemical Corporation, Saudi Arabia's Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Sumitomo Chemical Company Limited, Evonik Industries AG, DuPont De Nemours Inc., Eastman Chemical Company, Lanxess Corporation, Formosa Plastics Corporation , Far Eastern New Century, Teijin Limited, Nan Ya Plastics Corporation, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd., Taekwang Industrial Co. Ltd., Huvis Corporation, Xiamen Xianglu Chemical Fiber Co. Ltd., Kolon Industries, Fiber Visions Corporation, Thai Poly Acrylic, Toray Chemical Korea Inc., Zhejiang Hengyi Group Co. Ltd., Hickory Springs Manufacturing Company.
Asia-Pacific was the largest region in the low melting fiber market in 2023. The regions covered in low-melting fiber report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the low-melting fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Low-melting fibers can be categorized into two main types such as those with a melting point below 130 degrees Celsius and those with a melting point above 130 degrees Celsius. Fibers with a melting point below 130 degrees Celsius are engineered to soften and fuse at relatively low temperatures, making them ideal for applications that require heat bonding without harming other components. They are often used as a bonding agent in core-sheath constructions, where they facilitate the adhesion of other fibers. These fibers are employed in diverse industries, including automotive, construction, and bedding.
This report provides low-melting fiber market statistics, including low-melting fiber industry global market size, regional shares, competitors with a low-melting fiber market share, detailed low-melting fiber market segments, market trends and opportunities and any further data you may need to thrive in the low-melting fiber industry. This low-melting fiber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The low-melting fiber market consists of sales of nonwoven fabrics, composite materials, thermally bonded fabrics, filtration products and insulation products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global low melting fiber market is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing demand for nonwoven fabrics, growing construction sector, rising demand from the bedding industry, increasing demand from the medical industry, demand from the aerospace industry. Major trends in the forecast period include innovation in fiber technology, increasing use of low melting fibers in 3d printing, innovative low melting fiber products, increasing investment by private players in the low melting fiber.
The rising demand for mattresses is anticipated to be a key driver for the future growth of the low-melting fiber market. Mattresses, designed as cushioned surfaces for sleeping and resting, typically incorporate various materials and come in a range of sizes and firmness levels. Low-melting fiber plays a crucial role in the manufacturing of mattresses, as its distinctive characteristics contribute to improved comfort, support, and durability by enhancing bonding during production. For example, in June 2022, the International Sleep Products Association, a U.S.-based trade association in the mattress and bedding industry, reported in its Mattress Trend report that the value of mattresses and foundations produced in the United States reached $9.9 billion in 2021, marking a 17.4% increase from 2020, with unit shipments remaining stable at 37.0 million, showing a slight rise of 0.1%. Additionally, the average unit price for mattress products increased by 17.2% in 2021. Consequently, the growing demand for mattresses is expected to be a driving force behind the expansion of the low-melting fiber market.
The rising demand within the construction sector is expected to be a key driver for the growth of the low-melting fiber market in the coming years. The construction sector involves the creation and assembly of various structures and infrastructure. Low-melting fibers find extensive applications in construction for enhancing the durability, weather resistance, thermal performance, acoustic performance, and filtration properties of construction materials. For example, in September 2023, the United States Census Bureau reported an over 8% increase in the total value of residential and non-residential construction in the US between 2020 and 2021. Furthermore, a study by Oxford Economics in September 2021 projected substantial growth in global construction output, with an estimated increase of around 42%, adding approximately US$4.5 trillion to reach a total of US$15.2 trillion by 2030. As a result, the surging demand in the construction sector is a significant driver behind the growth of the low-melting fiber market.
Stringent regulations and standards governing the use of low-melting fibers in various applications pose a challenge that could impede the market's growth during the forecast period. The utilization of low-melting fibers is subject to a range of regulations and standards aimed at ensuring safety, health, and environmental compliance. Manufacturers are required to adhere to these regulations and standards to guarantee the safety and quality of their products. For example, in June 2023, The International Trade Administration reported that the US Department of Commerce imposed antidumping duties on low melt polyester staple fiber from the Republic of Korea, citing unfair trade practices. Consequently, the stringent regulatory framework and standards concerning the use of low-melting fibers in diverse applications present obstacles to the expansion of the low-melting fibers market.
Prominent companies in the low-melting fiber industry are actively engaged in the development of sustainable solutions to maintain their competitive edge. For example, in August 2021, Fiberpartner Aps, a textile manufacturing firm based in Denmark, introduced an eco-friendly and biodegradable alternative for blending bonding fibers with natural fibers, employing PrimaLoft Biotechnology. These low-melt fibers are engineered to biodegrade through hydro degradation, leaving behind only natural elements and undergoing bio-technical recycling. These fibers deliver outstanding performance and bonding capabilities, whether used with synthetic or natural fibers, thereby contributing to the reduction of microplastics in landfills, oceans, and waterways. Fiberpartner's Polyester Low Melt LMF (CoPET/PET) fiber is widely employed as a binding agent in core-sheath constructions, effectively forming bonds with other polyester fibers for applications like wadding, insulation, filtration, automotive components, and heat-bonded products. It is frequently blended with solid polyester fibers or recycled materials.
In September of 2022, Radici Group, a chemical company headquartered in Italy, completed the acquisition of Ester Industries Ltd.'s engineering plastics division, with the transaction amount undisclosed. This acquisition aligns with RadiciGroup's strategic goals of enhancing its presence in the Indian market, broadening its array of products, and utilizing the existing infrastructure and expertise to support its global expansion efforts. Ester Industries Ltd., an Indian chemical manufacturing company, is known for its specialization in plastics and low-melt polymers used in textile applications.
Major players in the low melting fiber market are BASF SE, Mitsubishi Chemical Corporation, Saudi Arabia's Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Sumitomo Chemical Company Limited, Evonik Industries AG, DuPont De Nemours Inc., Eastman Chemical Company, Lanxess Corporation, Formosa Plastics Corporation , Far Eastern New Century, Teijin Limited, Nan Ya Plastics Corporation, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd., Taekwang Industrial Co. Ltd., Huvis Corporation, Xiamen Xianglu Chemical Fiber Co. Ltd., Kolon Industries, Fiber Visions Corporation, Thai Poly Acrylic, Toray Chemical Korea Inc., Zhejiang Hengyi Group Co. Ltd., Hickory Springs Manufacturing Company.
Asia-Pacific was the largest region in the low melting fiber market in 2023. The regions covered in low-melting fiber report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the low-melting fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Low-melting fibers can be categorized into two main types such as those with a melting point below 130 degrees Celsius and those with a melting point above 130 degrees Celsius. Fibers with a melting point below 130 degrees Celsius are engineered to soften and fuse at relatively low temperatures, making them ideal for applications that require heat bonding without harming other components. They are often used as a bonding agent in core-sheath constructions, where they facilitate the adhesion of other fibers. These fibers are employed in diverse industries, including automotive, construction, and bedding.
This report provides low-melting fiber market statistics, including low-melting fiber industry global market size, regional shares, competitors with a low-melting fiber market share, detailed low-melting fiber market segments, market trends and opportunities and any further data you may need to thrive in the low-melting fiber industry. This low-melting fiber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The low-melting fiber market consists of sales of nonwoven fabrics, composite materials, thermally bonded fabrics, filtration products and insulation products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Low Melting Fiber Market Characteristics3. Low Melting Fiber Market Trends and Strategies32. Global Low Melting Fiber Market Competitive Benchmarking33. Global Low Melting Fiber Market Competitive Dashboard34. Key Mergers and Acquisitions in the Low Melting Fiber Market
4. Low Melting Fiber Market - Macro Economic Scenario
5. Global Low Melting Fiber Market Size and Growth
6. Low Melting Fiber Market Segmentation
7. Low Melting Fiber Market Regional and Country Analysis
8. Asia-Pacific Low Melting Fiber Market
9. China Low Melting Fiber Market
10. India Low Melting Fiber Market
11. Japan Low Melting Fiber Market
12. Australia Low Melting Fiber Market
13. Indonesia Low Melting Fiber Market
14. South Korea Low Melting Fiber Market
15. Western Europe Low Melting Fiber Market
16. UK Low Melting Fiber Market
17. Germany Low Melting Fiber Market
18. France Low Melting Fiber Market
19. Italy Low Melting Fiber Market
20. Spain Low Melting Fiber Market
21. Eastern Europe Low Melting Fiber Market
22. Russia Low Melting Fiber Market
23. North America Low Melting Fiber Market
24. USA Low Melting Fiber Market
25. Canada Low Melting Fiber Market
26. South America Low Melting Fiber Market
27. Brazil Low Melting Fiber Market
28. Middle East Low Melting Fiber Market
29. Africa Low Melting Fiber Market
30. Low Melting Fiber Market Competitive Landscape and Company Profiles
31. Low Melting Fiber Market Other Major and Innovative Companies
35. Low Melting Fiber Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on low melting fiber market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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Description
Where is the largest and fastest growing market for low melting fiber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:
1) By Type: Melting Point Below 130 Degrees Celsius; Melting Point Above 130 Degrees Celsius2) By Structure Type: Sheath Or Core; Side By Side
3) By Application: Automotive Industry; Construction; Bedding Industry; Other Applications
Key Companies Mentioned: BASF SE; Mitsubishi Chemical Corporation; Saudi Arabia's Basic Industries Corporation (SABIC); Asahi Kasei Corporation; Sumitomo Chemical Company Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Methodology
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