Bicomponent Fiber Market to reach US$ 2,266.9 million during the coming years (2019-2024)

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Bicomponent Fiber Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Bicomponent Fiber Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2019-2024.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

Bicomponent Fiber Market: Highlights
There has been a rapid progress in the non-woven technology in various end-use industries, which is giving a raise to the non-woven fabrics demand. Day-to-day products from personal care to hygiene to filters and automotive fabric products have realized worthiness of non-woven fabrics. People are demanding such products which give more comfortable feel and softness. This is being done by replacing the traditional PP spun-bond fabric with bicomponent fiber.

Consumers are demanding hygiene and personal care products with improved softness, bulkiness, and fluid management. Bicomponent fibers have been in the forefront in fulfilling such requirements with a continuous advancement in products to meet consumer demand. Another factor creating an impact on the demand for bicomponent fiber is the textile industry. There are frequent fashion related peaks, which also demand highly efficient solutions for manufacturing textile fabrics. Circular knitting is one such example, which is in the limelight among textile fabrics, where bicomponent fibers have gained share.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Material Type : PE/PP, PE/PET and Others
• by End-Use Industry Type : Hygiene, Textiles and Others
• by Structure Type : Sheath/Core, Side-by-Side and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The bicomponent fiber market seems prosperous with significant growth opportunities for market participants across the value chain. The market for bicomponent fibers is likely to reach an estimated value of US$ 2,266.9 million in 2024. Rising living standard of people in both developed as well as developing countries, increasing demand for non-woven fabrics in various end-use industries, growing disposable diaper and feminine products, increasing preference for thermal-bonded non-woven products over adhesive-bonded non-woven products, and rising demand for nonwovens containing micro-size fibers are some of the key factors proliferating the demand for bicomponent fibers.

Market Segments
The market is segmented based on the material type as PE/PP, PE/PET, Co-PET/PET, and Others. Co-PET/PET is expected to remain the most dominant material type in the market during the forecast period owing to its ease of production from petrochemical sources, low cost, good chemical resistance, and desirable range of physical properties.
Based on the structure type, the market is segmented as sheath/core, side-by-side, islands-in-the-sea, and others. Sheath/core is projected to remain the growth engine of the market during the forecast period from 2019 to 2024. Sheath-core structure type generally has a low-melting-temperature polymer at the sheath and high-melting temperature polymer at the core.
Based on the end-use industry type, the market is segmented as hygiene, textiles, automotive, home furnish, and others. Hygiene is projected to remain the largest as well as a fastest-growing segment of the market during the forecast period.
Automotive is likely to remain the second largest segment of the market during the forecast period because of an increase in the penetration of bicomponent fibers in the automobiles to attain lightweight materials with strong capabilities.
In terms of regions, Asia-Pacific is expected to remain the largest and fastest-growing market for bicomponent fibers during the forecast period. The regional market is driven by a host of factors, such as growing awareness towards the hygienic environment and increasing population. Rising disposable income, improving healthcare infrastructure, and favorable government regulations regarding health and hygiene are further boosting the demand for bicomponent fibers in the region.

Players
The supply chain of this market comprises raw material suppliers, bicomponent fiber manufacturers, nonwoven manufacturers, and end users. The key bicomponent fiber manufacturers are ES FiberVisions, Huvis Corporation, Far Eastern New Century, Jiangnan High Polymer Fiber Co., Ltd., CHA Technologies Group, and Jiaxing Xinwei Chemical Fiber Co., Ltd. Development of durable, stronger and softer bicomponent fibers and execution of mergers & acquisitions are some of the key strategies adopted by the key players to gain a competitive edge in the market.

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This release was published on openPR.