Bicomponent Fiber Market is Forecasted to Reach US$ 2.3 billion in 2028, Says Stratview Research

The global bicomponent fiber market is projected to witness a growth rate of 4.7% annually from 2023 to 2028, with an anticipated size of US$ 2.3 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global bicomponent fiber market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 2.3 billion
Growth (CAGR): 4.7% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 7
Number of Tables & Graphs: 100+

Segment Insights on the Bicomponent Fiber Market:
The global bicomponent fiber market is segmented based on material type, structure type, end-use industry type, web formation technology type, consolidation process type, fiber length type, and region.

Based on material type - The market is based on material types PE/PP, PE/PET, Co-PET/PET, and others. Co-PET/PET dominates the market in terms of both value and volume shipments. Co-PET/PET is used in a wide range of applications in the nonwoven industry with a melt temperature below 110°C. Desirable strength, lightweight, better dyeability, wrinkle resistance, a cost-effective nature, and excellent wash wear properties are other key whys and wherefores of the product category. PE/PP bicomponent fiber has superior properties, such as enhanced softness, bulkiness, and liquid absorption properties, which have led to its significant demand in the USA and Western European countries.

Based on the structure type - The market is segmented into sheath-core, side-by-side, islands-in-the-sea, and others. Sheath-core structure leads to the market. This structure type fiber is generally processed as bonding fiber for nonwovens. Typically, these are used in two forms, concentric and eccentric types, based on the emphasis on product strength and bulkiness, respectively. Side-by-side fiber also offers a sizeable market opportunity and is generally used as self-crimping fiber.

Based on the end-use industry type - The market is segmented into hygiene, textiles, automotive, home furnishing, and others. Hygiene governs the market and is expected to remain avant-garde in the foreseeable future as well. Improving the living standard of people, rising awareness towards good health, and an inclination towards the use of hygiene products, such as baby diapers, wipes, and feminine hygiene products, are burgeoning the demand for bicomponent fibers in the segment. Key requirements for hygiene products, such as softness, better fluid absorption, low irritation to the skin, high strength, and high bulkiness, are efficiently fulfilled by bicomponent fiber.

Based on the web formation technology type - The market is segmented into drylaid, spunlaid, airlaid, and wetlaid. Drylaid is expected to be the dominant segment during the forecast period. When bicomponent fibers are used in drylaid web formation, they can be used to create fabrics with unique properties. By adjusting the ratio of the two materials in the bicomponent fiber, it is possible to control the melting temperature and other properties of the resulting fabric. This makes it possible to create fabrics with different levels of strength, stiffness, and heat resistance, as well as other properties that are useful in a variety of applications.

Based on the consolidation process type - The market is segmented into spunlaid, needle-punched, and thermally bonded. Thermally bonded is expected to be the dominant as well as the fastest-growing consolidation process during the forecast period. This process creates a nonwoven fabric with unique properties such as enhanced strength, durability, and elasticity. The choice of bicomponent fibers and the specific thermal bonding process used can be tailored to create fabrics with a wide range of properties for different applications, such as in the manufacturing of medical textiles, protective clothing, and industrial fabrics.

Based on the fiber length type - The market is segmented into short-cut fibers and staple fibers. Short-cut fibers are expected to maintain their lead during the forecast period. They are used in a wide range of applications, such as in the production of nonwoven fabrics, insulation materials, and filtration media. Short-cut fibers are often used as reinforcements in composite materials, such as plastics, to improve their mechanical properties.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is likely to remain the most dominant as well as the fastest-growing region in the long-term scenario. This growth outlook is majorly attributed to the following-
- Large population base, increasing disposable income of consumers, and increasing awareness of hygiene products such as diapers and feminine hygiene products.
- Emerging nations, such as China and India, are experiencing a rapid increase in the use of bicomponent fiber.
- North America and Europe have a high penetration of bicomponent fiber and offer sizeable market opportunities.

Bicomponent Fiber Market Drivers:

Some of the key drivers listed in the report are given below.
- The organic growth of various end-use industries such as hygiene, automotive, textiles, and home furnishing.
- Furthermore, exceptional advantages of bicomponent fibers, such as a wide range of bonding temperatures, unique cross-sections, enhanced bulkiness, as well as liquid acquisition properties.
- Compared to other competing materials (mono-component fiber), are driving an increase in their penetration across industry verticals.
- The market experienced exceptional growth over the past decade, creating huge interest among participants.

Top Companies in the Bicomponent Fiber Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Far Eastern New Century Corporation
• Indorama Ventures
• Huvis Corporation
• Jiangsu Jiangnan High Polymer Fiber Co. Ltd.
• Jiaxing Xinwei Chemical Fiber Co. Ltd.
• Toray Industries Inc.
• Freudenberg Group
• Cha Technologies Group
• Yaolong Nonwoven
• Hangzhou Zhongcai Chemical Fiber Co. Ltd.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Bicomponent Fiber Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.