Global Low Melting Fiber Market 2024 - By Size, Share, Price, Growth, Analysis, Outlook And Forecast Report 2033

The new report published by The Business Research Company, titled Low Melting Fiber Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the low melting fiber market size 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 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%.

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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.

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.

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

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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.

Contents of the report:
1. Executive Summary
2. Low Melting Fiber Market Report Structure
3. Low Melting Fiber Market Trends And Strategies
4. Low Melting Fiber Market - Macro Economic Scenario
5. Low Melting Fiber Market Size And Growth
…..
27. Low Melting Fiber Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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