Introduction
The global low melting fiber market is poised to hit the market value of over $2.5 billion by 2025, market is expected to grow at a CAGR of around 6.6% from 2018 to 2025.
Low melting fiber is manufactured by bi-component of modified polyester and general polyester, is melted at lower temperature that is around 110ºC to 200ºC compare to normal fiber and bounded with other fibers to increase its adhesive strength. Fibers offer hygiene products which are manufactured by bi-component spinning technology with polyethylene and polypropylene. Polyethylene and polypropylene has softer characteristics than normal polyester low melting fibers, and these low melting fibers are used for multi-functional materials to get hydrophilic or hydrophobic properties a high lofted soft non-woven. Application of low melting fibers are hygiene industry, bedding (quilts, mattresses, padding), and vehicle interiors. Low melting fiber refers to a bi-component fiber which used as a thermal bonding fiber and its structure is usually a sheath/core type. The fiber composed of a sheath polymer and a core polymer. The melting point of the sheath polymer is less than that of the core polymer. This fiber is melted at lower temperature and bonded with alternative solid polyester that strengthens the new mixed fiber. Its bonds to alternative polyester fibers to produce materials like wadding, insulation, and padding. This fiber downstream is wide and recently low melting fiber has acquired increasing significance in numerous fields of automotive, bedding industry, construction and others. LMF is usually used as a bonding fiber in non-woven applications together with automotive lining, soundproofing, insulation and batting. Globally, the low melting fiber market is especially driven by growing demand for bedding and automotive industry
Market Dynamics
Low melting fiber having superior properties and more efficient then its substitute such as cotton, wool, nylon and others are making low melting fiber more preferable to manufacturing industry will driving the market growth. Rise in demand for recycled staple fibers, owing to awareness regarding environmental protection leads to boom the global market demand. Furthermore, the factor drives the market growth due to availability of wide range of stylish designs, bright colors, and attractive prints also enhance the product. Whereas instability in prices of petroleum leads to variation in raw materials prices due to manufacturing of product by petroleum and its application is in wide range such as fabrics, textiles, rugs, and carpets etc. The market growth in forecasted period is mainly due to two areas clothing and furnishing. Low Melting Fiber downstream is wide and recently low melting fiber has acquired increasing significance in various fields of Automotive, Bedding Industry, Construction and Others. Globally, the low melting fiber market is mainly driven by growing demand for automotive industry. Automotive accounts for nearly 52.98% of total downstream consumption of low melting fiber worldwide.
Market Insights
Growing demand for low melting fiber from various applications such as mattress, bedding and padding is also anticipated to fuel the market in the near future. However, some strict environmental regulations related to non-biodegradability of low melt fiber may restrain the market in the forecast period. However, increasing demand for specialty mattresses due to increase in consumer’s preference towards environment-friendly products is anticipated to provide new growth avenues to the market in the coming years. The product is eco-friendly and adheres to low temperature. It also has excellent bonding, enhanced mixing property, and high resilience will fuel the demand for low melting fiber is on constant rise.
Segment Analysis
In terms of type, global low melting fiber market is segmented into Melting Point ≤130, and melting point>130.The melting point ≤130 segment is estimated to hold majority of the shares in 2018.The product has is eco-friendly and adheres to low temperature. It also has excellent bonding, enhanced mixing property, and high resiliency will propel the demand in the forecast year.
Based on application, mattress segment held largest market share in terms of volume and value for low melting fiber. The growth in mattress segment is attributed to increasing demand from households as well as commercial and institutional sectors including hospital, education and corporate sector. The growth of the hospitality sector is serving to boost the growth of mattress market. There is an increased demand for mattresses that promise excellent comfort and sound sleep. As they prevent bed bug infestations, non-woven low melt fibers are extensively used in mattresses. Also, the low melt fiber has excellent resilience and bonding properties. These factors are supposed to drive the mattress segment of low melting fiber market. Growing demand from automotive industry will boost the demand for car molding segment in the forecast period. Car molding accounts a significant share in the total low melting fiber market. The demand for lightweight cars is on the rise as weight reduction is a cost-effective way for reducing greenhouse gases emission and fuel consumption. Thus, the growing demand for lightweight automotive components of higher durability is on the rise. Low melting fibers are used to produce heat and vacuum applicators (HVA) which are used in automotive interior composites, such as wadding, insulation, filtration, and automotive acoustic insulation material. They are also applied to car trunk, wheel arch, carpets etc.
The market research study on “Low Melting Fiber Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, offers a detailed insights on the global low melting fiber market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. Information about porter's five forces analysis is also covered under the report scope. The report provides insights on global low melting fiber market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global low melting fiber market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The low melting fiber market analysis is provided for major regional markets including North America, Europe, China, Japan and Rest of World followed by major countries. For each region,the market size and volume for different segments has been covered under the scope of report.The market is dominated by several local and global market players. However, brand recognition, strong distribution and sales network, and large manufacturing capacity attributed to the top position of the major players The global Low Melting Fiber industry has a rather high concentration. The major manufacturers are concentrated in Korea, and China, such as Huvis, Toray Chemical Korea, Far Eastern New Century, Nan Ya Plastics and XiangLu Chemical Fibers. At present, Huvis is the world leader, holding more than 30% production market share in 2017.
Regional Outlook
Geographically, China is the fastest growing segment for low melting fiber. China accounts for majority of the world’s low melting fiber production. In 2010, China manufactured more than 20 million tons of low melting fiber. China being the second largest consumer of petroleum, the byproduct of petroleum distillation which is the feeder material for low melting fiber is also available in large quantities. China was the largest importer of low melting fiber in 2016 owing to increasing textile, carpet industries, and rising construction activities. North America market shows significant growth owing to rapid growth of automotive, home furnishing industries coupled with growing bedding sector in North America, which are among the major sectors using low metal fiber. The rise in population, coupled with increasing rate of urbanization is also having a positive implication on the home furnishings market in the US. Polyester is commonly used material in automobile fabric manufacturing. Lighter automotive for better efficiency and performance is expected to fuel the demand for improved automotive interiors which in turn is expected to result in increased demand over the forecast period. The market shows moderate growth in Europe. The increasing consumer interest towards home furnishings is driving the growth in the business segment. The industry requires these fibers to manufacture mattresses, blankets, upholstery, wall coverings, soft home furnishings, carpets, and similar other products. The development in real estate sector is fueling the increase in home furnishings. The higher presence of retail stores providing the home furnishing is another vital reason driving the market growth over the forecast period. Also, the rising industrial application and increasing rate of urbanization are the other factors for growing the market in Europe
Market Segmentation
Market By Type
Melting Point ≤130
Melting Point >130
Market By Application
Mattress
Bedding
Padding
Car molding
Others
Market By Geography
North America
Europe
China
Southeast Asia
Japan
Rest of the World
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