The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Low Melting Fiber Global Market Report 2023 offers crucial insights into the low melting fiber market help businesses analyse and build stronger strategies.

In recent years, the low melting fiber market has witnessed robust growth, reaching $2.03 billion in 2023. Projections indicate further expansion to $2.19 billion in 2024, showcasing a commendable CAGR of 7.6%. This upward trajectory is attributed to the textile and nonwoven industry, sustainability trends, a flourishing automotive sector, and increased demand in the medical and hygiene product domain.

Future Outlook The momentum is expected to persist, with the market poised for strong growth in the coming years. Anticipated to reach $2.76 billion by 2028, the forecast period reflects a steady CAGR of 6.0%. The driving factors include escalating demand for nonwoven fabrics, a thriving construction sector, increased demand in the bedding industry, a surge in medical industry requirements, and a growing appetite for low melting fibers in the aerospace industry.

Evolving Construction Industry Drives Growth In The Low-Melting Fiber Market

Construction Sector Dynamics The surge in construction activities is set to fuel the low-melting fiber market’s growth. Low-melting fibers play a pivotal role in enhancing the durability, weather resistance, thermal performance, acoustic performance, and filtration properties of construction products. Reports from the United States Census Bureau indicate an over 8% increase in the overall value of residential and non-residential construction in the US between 2020 and 2021.

Global Construction Outlook According to Oxford Economics, global construction output in 2020 stood at US$10.7 trillion and is projected to experience substantial growth of approximately 42%, reaching a total of US$15.2 trillion by 2030. This robust growth underscores the significant contribution of the construction sector to the rising demand for low-melting fibers.

Key Market Players Leading the charge in this market segment are major players such as BASF SE, Mitsubishi Chemical Corporation, SABIC, Asahi Kasei Corporation, and others, actively contributing to the growth of the low-melting fiber market.

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Innovative Sustainability Efforts In The Low-Melting Fiber Market

Sustainable Solutions Major companies in the low-melting fiber market are embracing sustainability as a core focus. Fiberpartner Aps, a Denmark-based textile manufacturing company, exemplifies this commitment by launching a sustainable and biodegradable alternative. Utilizing PrimaLoft Biotechnology, the low-melt fibers are designed to biodegrade through hydro degradation, leaving only natural elements behind.

Biotechnical Recycling These innovative fibers offer excellent performance and bonding capabilities with synthetic and natural fibers. Specifically, Fiberpartner’s Polyester Low Melt LMF (CoPET/PET) fiber is widely used in various applications such as wadding, insulation, filtration, automotive, and heat-bonded products. By reducing microplastics in landfills and waterways, these fibers contribute to a more sustainable and eco-friendly future.

Strategic Acquisitions and Global Expansion: Radici Group’s Move

Strategic Acquisition In September 2022, Radici Group, an Italy-based chemical company, made a strategic move by acquiring the engineering plastics business from Ester Industries Ltd., an India-based chemical manufacturing company. This undisclosed amount acquisition aims to bolster RadiciGroup’s presence in the Indian market, diversify its product portfolio, and leverage existing infrastructure and expertise for global growth.

Market Segmentation The low melting fiber market is segmented based on types such as melting point below 130 degrees Celsius and melting point above 130 degrees Celsius. The structure types include sheath or core and side by side, catering to various application needs in the automotive industry, construction, bedding industry, and other applications.

Dominance of Asia-Pacific As of 2023, Asia-Pacific stands as the largest region in the low melting fiber market. This dominance is expected to continue, reflecting the region’s pivotal role in driving market growth.

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The Low Melting Fiber Global Market Report 2023  provides a comprehensive outlook of the low melting fiber market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The low melting fiber market forecast offers a thorough analysis on low melting fiber market size, low melting fiber market share, prominent players and their strategies.

The Table Of Content For The Low Melting Fiber Market Include:
1. Low Melting Fiber Market Executive Summary
2. Low Melting Fiber Market Segments
3. Low Melting Fiber Market Size And Low Melting Fiber Market Growth Rate
4. Key Low Melting Fiber Market Trends
5. Major Low Melting Fiber Market Drivers
……
25. Key Mergers And Acquisitions In The Low Melting Fiber Market
26. Top Low Melting Fiber Companies
27. Low Melting Fiber Market Opportunities And Strategies
28. Low Melting Fiber Market, Conclusions And Recommendations
29. Appendix

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