Press release
Global Low Melting Fiber Market to Reach $2.76 Billion by 2028, with Rapid Growth Predicted at a 6.0% CAGR | BASF SE, Teijin Limited, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd.
Low Melting Fiber Market
The low melting fiber market size 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.
Market Overview -
Low-melting fiber is a type of textile fiber with a relatively low melting point compared to traditional fibers, allowing it to melt and fuse at lower temperatures during manufacturing processes such as bonding or shaping. It can be utilized for headliners, automotive interiors, door trims, ceiling materials and mattress and seat cushions, among other things.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12871&type=smp
Rising Demand For Mattresses Fuels Growth In The Low-Melting Fiber Market
The increasing demand for mattresses is expected to propel the growth of the low-melting fiber market going forward. A mattress is a cushioned surface designed for sleeping and resting, typically constructed with various materials and available in different sizes and firmness levels. Low-melting fiber is a vital component in mattress manufacturing. Its unique properties enhance mattress performance by providing better comfort, support and durability through improved bonding during production. For instance, in June 2022, according to the Mattress Trend report by the International Sleep Products Association, a U.S.-based trade association within the mattress and bedding industry, the value of U.S.-produced mattresses and foundations reached $9.9 billion in 2021, a 17.4% increase from 2020, while unit shipments remained steady at 37.0 million, rising by 0.1%. Moreover, the average unit price for mattress products increased by 17.2% in 2021. Therefore, the increasing demand for mattresses will drive the growth of the low-melting fiber market.
Competitive Landscape -
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.
Innovative Sustainability Efforts In The Low-Melting Fiber Market
Major companies operating in the low-melting fiber market are focused on developing sustainable solutions to sustain their position in the market. For instance, in August 2021, Fiberpartner Aps, a Denmark-based textile manufacturing company, launched a sustainable and biodegradable alternative to mixing bonding fibers with natural fibers, utilizing PrimaLoft Biotechnology. These low-melt fibers are designed to biodegrade through hydro degradation, leaving only natural elements behind. They are bio-technically recycled. The fibers offer excellent performance and bonding capabilities with synthetic and natural fibers, contributing to reducing microplastics in landfills, oceans and waterways. The company's Polyester Low Melt LMF (CoPET/PET) fiber is widely used as a binder in core-sheath constructions, effectively bonding with other polyester fibers to create wadding, insulation, filtration, automotive and heat-bonded products. It is commonly blended with solid polyester fibers or recycled materials.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/low-melting-fiber-global-market-report
Key Segments -
The low melting fiber market covered in this report is segmented -
1) By Type: Melting Point Below 130 Degrees Celsius; Melting Point Above 130 Degrees Celsius
2) By Structure Type: Sheath Or Core; Side By Side
3) By Application: Automotive Industry; Construction; Bedding Industry; Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Low Melting Fiber Market to Reach $2.76 Billion by 2028, with Rapid Growth Predicted at a 6.0% CAGR | BASF SE, Teijin Limited, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd. here
News-ID: 3500805 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Fiber
Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028.
Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing…
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence…
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025
Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025
Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025
Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025
Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and…
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and…
Fiber-optic couplers Market Segmentation By Type Y Fiber-optic Couplers, T Fiber …
Fiber-optic couplers market: Market Overview
Due to increasing reliance of organizations on IT, the demand for robust, agile and cost effective IT infrastructure is growing rapidly and supporting the Fiber-optic couplers market. The fabric-optic couplers market is expanding rapidly as the telecom services providers in this modern era are moving towards fiber based networking services. Increasing advancements in the telecom industry are one of the major factors driving the growth of…
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the…
