Global Low Melting Fiber Market to Reach $2.76 Billion by 2028, with Rapid Growth Predicted at a 6.0% CAGR | BASF SE, Teijin Limited, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd.

The low melting fiber market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to textile and nonwoven industry, sustainability and eco-friendly materials, growing automotive industry, growing medical and hygiene products.

The low melting fiber market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing demand for nonwoven fabrics, growing construction sector, rising demand from the bedding industry, increasing demand from the medical industry, demand from the aerospace industry. Major trends in the forecast period include innovation in fiber technology, increasing use of low melting fibers in 3d printing, innovative low melting fiber products, increasing investment by private players in the low melting fiber.

Market Overview -
Low-melting fiber is a type of textile fiber with a relatively low melting point compared to traditional fibers, allowing it to melt and fuse at lower temperatures during manufacturing processes such as bonding or shaping. It can be utilized for headliners, automotive interiors, door trims, ceiling materials and mattress and seat cushions, among other things.

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Rising Demand For Mattresses Fuels Growth In The Low-Melting Fiber Market
The increasing demand for mattresses is expected to propel the growth of the low-melting fiber market going forward. A mattress is a cushioned surface designed for sleeping and resting, typically constructed with various materials and available in different sizes and firmness levels. Low-melting fiber is a vital component in mattress manufacturing. Its unique properties enhance mattress performance by providing better comfort, support and durability through improved bonding during production. For instance, in June 2022, according to the Mattress Trend report by the International Sleep Products Association, a U.S.-based trade association within the mattress and bedding industry, the value of U.S.-produced mattresses and foundations reached $9.9 billion in 2021, a 17.4% increase from 2020, while unit shipments remained steady at 37.0 million, rising by 0.1%. Moreover, the average unit price for mattress products increased by 17.2% in 2021. Therefore, the increasing demand for mattresses will drive the growth of the low-melting fiber market.

Competitive Landscape -
Major players in the low melting fiber market are BASF SE, Mitsubishi Chemical Corporation, Saudi Arabia's Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Sumitomo Chemical Company Limited, Evonik Industries AG, DuPont De Nemours Inc., Eastman Chemical Company, Lanxess Corporation, Formosa Plastics Corporation , Far Eastern New Century, Teijin Limited, Nan Ya Plastics Corporation, Kuraray Co. Ltd., Hyosung Corporation, Toyobo Co. Ltd., Taekwang Industrial Co. Ltd., Huvis Corporation, Xiamen Xianglu Chemical Fiber Co. Ltd., Kolon Industries, Fiber Visions Corporation, Thai Poly Acrylic, Toray Chemical Korea Inc., Zhejiang Hengyi Group Co. Ltd., Hickory Springs Manufacturing Company.

Innovative Sustainability Efforts In The Low-Melting Fiber Market
Major companies operating in the low-melting fiber market are focused on developing sustainable solutions to sustain their position in the market. For instance, in August 2021, Fiberpartner Aps, a Denmark-based textile manufacturing company, launched a sustainable and biodegradable alternative to mixing bonding fibers with natural fibers, utilizing PrimaLoft Biotechnology. These low-melt fibers are designed to biodegrade through hydro degradation, leaving only natural elements behind. They are bio-technically recycled. The fibers offer excellent performance and bonding capabilities with synthetic and natural fibers, contributing to reducing microplastics in landfills, oceans and waterways. The company's Polyester Low Melt LMF (CoPET/PET) fiber is widely used as a binder in core-sheath constructions, effectively bonding with other polyester fibers to create wadding, insulation, filtration, automotive and heat-bonded products. It is commonly blended with solid polyester fibers or recycled materials.

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Key Segments -
The low melting fiber market covered in this report is segmented -
1) By Type: Melting Point Below 130 Degrees Celsius; Melting Point Above 130 Degrees Celsius
2) By Structure Type: Sheath Or Core; Side By Side
3) By Application: Automotive Industry; Construction; Bedding Industry; Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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