Published Date : 03 Nov 2022
The global low melting fiber market size was exhibited at USD 1.99 billion in 2022 and is projected to reach around USD 2.95 billion by 2030, growing at a CAGR of around 6.76% during the forecast period 2022 to 2030.
Low Melting Fiber or LMF is a bi-component type that possesses lesser melting points compared with regular polyester fiber on its outer part i.e., sheath whereas maintaining its central part i.e., its coreas regular polyester. The outer part melts and executes a role as an agent for thermal bonding. Low-melt fiber is an ecological fiber that can be used as an alternative chemical adhesive. LMF has varied applications such as automotive materials (including engine hoods, trunks, ceiling material, and others) bedding & furniture (such as mattresses and sofas), as well as hygiene products (including diapers and sanitary pads). Low-melt fibers make use of sheath-core fibers for melting at high temperatures and bond with other fibers to offer outstanding matrix stability and handling features. Low melt fibers also augment cushioning product excellence and are well-suited to the environment.
Budding demand for low melting fiber from numerous applications areas including mattresses, padding, and bedding is expected to flourish the growth of the market in years to come. Yet, a few severe environmental guidelines associated with the non-biodegradability of this low-melt fiber might impede the growth of the market. The growing consumer interest in home furnishings substantially drives the growth of low-melt fibers across the world. This industry needs fibers for the production of blankets, mattresses, upholstery, soft home furnishings, wall coverings, carpets, and analogous other products. The expansion in the real estate sector is further driving the upsurge in home furnishings. The greater occurrence of retail stores offering home furnishing is added vital cause that will bolster the growth of the low-melt fiber market in years to come.
LMF product is eco-friendly and follows low temperatures. It also possesses outstanding bonding, improved mixing characteristics, and high resilience. The growing requirement for specialty mattresses on account of the surge in consumers’ inclination for environment-friendly products is expected to provide novel growth avenues to the market during the impending years.
There is an augmented need for mattresses that gives admirable comfort and sound sleep. Low melt fiber has excellent bonding and resilience properties and also averts bed bug infestations. These factors are expected to boost mattress application growth during the forecast period. Rising needs from the automotive sector will drive the need for the car molding segment in the prediction period. Car molding accounted for a substantial stake in the whole low-melting fiber market.
Low Melting Fiber Market Report Scope
|Market Size in 2022||USD 1.99 Billion|
|Market Size by 2030||USD 2.95 Billion|
|Growth Rate from 2022 to 2030||CAGR of 6.76%|
|Forecast Period||2022 to 2030|
Recently, low-melting fiber has attained growing significance in numerous fields such as the bedding industry, automotive, and construction among others. The growth of the global low-melting fiber market is mostly accelerated by rising requirements from the automotive sector. The automotive industry occupies almost 50% of the entire downstream consumption of low Melting Fiber across the world. The global low-melting fiber market is predicted to observe substantial growth on account of intensifying application areas hence, low-melting fiber consumption will also perceive a trend of stable growth during the coming few years. In 2025, low melting fiber consumption is projected to be over 1400 K MT.
North American market offers noteworthy growth due to the speedy growth of the home furnishing sector, automotive, and growing bedding industry in the region. Upsurge in population along with the snowballing rate of urbanization is also partaking an optimistic implication on the home furnishings business in the U.S. Polyester is frequently utilized material in the manufacturing of automobile fabric. Lighter automotive for improved competence and performance is probable to drive the need for enhanced automotive interiors that in return is anticipated to result in augmented demand in years to come. The low melt fiber market also shows reasonable growth in European countries. The intensifying industrial application and growing rate of urbanization are the few influences for the advancement of the market in this region.
Key Players & Strategies
The global low-melting fiber market has a high concentration. Presently, Huvis is the global leader with over 30% production share of the market in 2018. Some of the leading players involved in this market are Taekwang, Huvis, Toray Chemical Korea, Nan Ya Plastics, Ningbo Dafa, Hickory Springs, Far Eastern New Century, Yangzhou Tianfulong, and XiangLu Chemical Fibers.
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