Low Melting Fiber Market Size and Forecast 2024-2033| BASF SE, Mitsubishi Chemical Corporation, Saudi Arabia’s Basic Industries Corporation (SABIC), Asahi Kasei Corporation, Sumitomo Chemical Company Limited

Overview and Scope

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

Sizing and Forecast

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.

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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the low melting fiber market in 2023. The regions covered in low-melting fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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.

The low melting fiber market report table of contents includes:

1. Executive Summary

2. Low Melting Fiber Market Characteristics

3. Low Melting Fiber Market Trends And Strategies

4. Low Melting Fiber Market – Macro Economic Scenario

5. Global Low Melting Fiber Market Size and Growth

26. South America Low Melting Fiber Market

27. Brazil Low Melting Fiber Market

28. Middle East Low Melting Fiber Market

29. Africa Low Melting Fiber Market

30. Low Melting Fiber Market Competitive Landscape And Company Profiles

Top Major Players: