The global low melting fiber market was valued at US$ 2,060.8 Million in 2022 and exhibit a CAGR of 5.9% during the forecast period (2023-2030). According to the Global Low Melting Fiber market report, by Application (Automotive, Mattress, Construction, and Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global Low Melting Fiber Market is expected to surpass US$ 3,259.2 Million by 2030 and exhibit a CAGR of 5.9% during the forecast period (2023-2030). Global low melting fiber market is expanding, as a result of rising demand for mattress across the globe.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/low-melting-fiber-market-5516
Browse 13 market data tables* and 13 figures* on "Global Low Melting Fiber Market” - Forecast to 2030.
Key Trends and Analysis of the Global Low Melting Fiber Market:
- Low melting fiber has number of benefits including low melting point, durability, bonding strength, excellent blending ability, recyclability of the fiber and others, are the major factors which is propelling the market growth over the forecast period.
- Growing applications of low melting fiber in various purposes such as interlining, high quality mattresses, and padding, among others, is driving the product demand across the globe.
- However, easy availability of substitutes for low melting fiber including wool, silk, cotton, hemp, nylon, and jute, among others, is projected to hinder the global low melting fiber market growth.
Key Takeaways of the Market:
- The low melting fiber is referred as an environment-friendly fiber, which can be used as substitute to chemical adhesives. Moreover, it offers several properties such as good electrical insulation, excellent sliding properties, high resistance to temperature, good chemical resistance, high strength, and others, and thus is widely used in the automotive industry. This fiber is used in the manufacturing of automotive materials including insulation materials, fuel filters, roof, floor, airbags, automobile, carpets, ail filters, seating fabrics, and others. Furthermore, it has strong bonding capacity with other fibers, excluding use of harmful adhesives, which further offers low carbon emission in the environment. Moreover, growing demand for lightweight cars, which offers reduction in fuel consumption and emission of greenhouse gases, is expected to create ample opportunities across the global low melting fiber market players over the forecast period.
- In North America there is increasing demand for low melting fiber in the automotive industries due to consumer’s preference shifting towards luxurious lifestyle and rise in disposable income. On the other hand, in Europe there is soaring demand for low melting fiber in the home furnishing materials, such as carpets, blankets, mattress, wall coverings, and others.
Key Players
The major players operating in the global low melting fiber market such as Huvis Corp., TORAY CHEMICAL KOREA INC., Taekwang Industrial Co.,Ltd, NINGBO DAFA CHEMICAL FIBER CO., LTD., Yangzhou Tianfulong, NAN YA PLASTICS CORPORATION, Hickory Springs, and Xiamen Xianglu Chemical Fiber Co., Ltd.,
Global Low Melting Fiber Market - Impact of Coronavirus (Covid-19) Pandemic
Emergence of COVID-19 has negatively affected the globe economy. The end-use industries of low melting fiber market such as automotive, construction, furniture, and textile, among others, shut down their manufacturing sites due to strict lockdown during the pandemics. Moreover, there was decrease in demand for automobiles which further restrained the global low melting fiber market growth. Moreover, the production capacity of market players in the low melting fibers is reduced, owing to scarcity of workforce. However, low melting fiber is one of the raw materials that is used in the production of medical products such as sanitary napkins, medical protective cloth, diaper, and protect masks, among others, and this accelerated global low meting fiber market growth.
