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A number of advantages are expected to drive the expansion of the low melting fiber market globally. advantages including a range of melting degrees, low melting points, adhesion strength, durability, and the ability to merge well with different types of fibers. The fiber may be manufactured into any additional form thanks to its structural versatility and adaptability to heat bonding. Because of their many advantages and benefits, these fibers are utilized to make a wide range of goods. One of the distinctive qualities of such fibers is its capacity to be recycled.
Due to several expanding uses, there is a rising requirement for low melting fiber. The fiber has uses in the production of many different kinds of goods. It is employed in the creation of padding, interlining, and mattresses of the highest caliber. It is used to spin strong yarns, and because of its complex structure, it is a superior insulator for use in construction and the automotive industries. It is employed in the manufacturing of sanitary and medical items in the medical sector.
According to Business Research Insights, the market for low melting fiber was valued at USD 2.092 billion in 2022 and is projected to reach a valuation of USD 3.376 billion by 2028 with a CAGR of 8.3%. The market has leading players; Huvis, Toray Advanced Materials Korea, Far Eastern New Century, Nan Ya Plastics, XiangLu Chemical Fibers, Yangzhou Tianyulong, Ningbo Dafa, Taekwang, UFG Exelto NV, Hickory Springs.
Loss in Demand for the Fiber was Experienced due to Halts in End-User Industries
The low melting fiber market had a big impact on how COVID-19 pandemic effects were felt. The need for concurrent items was curtailed by limitations on how various sectors might operate. The demand for the product was influenced by a stop in industries like the automobile, medical, and pharmaceutical sectors, among others.
Business Research Insights States Top 5 Low Melting Fiber Companies:
1. Huvis (Korea)
Huvis, the largest fiber manufacturer in Korea, was founded in 2000 by SK Chemicals and Samyang Corporation by merging their most cutting-edge technology, expertise, and best-in-class manufacturing capabilities. Huvis runs production facilities in China's Jeonju and Korea's Daejeon as well as the country's largest producer of chemicals, fiber materials, and distinctive goods. The company produces 760,000 tonnes of fiber materials annually, enhancing and facilitating people's lives.
2. Toray Advanced Materials Korea (South Korea)
The company Toray Advanced Compounds Korea Inc. produces chemical materials. Polyester Film, IT Materials, PPS Resin Compound, Filament, and Polyester Resin are among the company's product offerings. This corporation also produces a variety of industrial materials, from high-tech to basic elements that serve as the cornerstone of numerous sectors. The business is extending its reach into eco-friendly and living materials based on film, resins, and other materials. The business operates in Japan as a division of Toray Group. The business established international subsidiaries in China and Indonesia as part of its international project expansion. The business is situated in Gumi, South Korea, and was founded in 1999.
3. Far Eastern New Century (Taiwan)
Manufacturer of polyester polymers is Far Eastern New Century Corp (FENC). The business manufactures and sells polyester materials, semi-finished goods such cotton, artificial, or hybrid fabrics, towels, clothing, and woven and knitted items, in addition to PET (polyethylene terephthalate) bottles and PET sheets. In addition, FENC offers mixed yarns, industrial fibers, and textiles made from synthetic fibers. In addition, it runs businesses in the textile, chemical fiber, telecommunications, and other sectors. The corporation has operations in the United States, Malaysia, Japan, China, and Vietnam. Taiwan's Taipei serves as the company's headquarters.
4. Nan Ya Plastics (Taiwan)
Established in 1958, Nan Ya Plastics Corporation. The company's four primary product divisions are polyester products, electronic materials, plastics processing, and plastics materials. In terms of manufacturing capacity, Nan Ya Plastics Corporation claims to be the largest producer of supplementary plastics in the world based on data made public by its rivals. It is also a market leader in the production of copper-clad laminates and polyester fibers used in electronic materials.
5. Hickory Springs (U.S.)
Hickory Springs was established in 1944 and has developed from a modest manufacturer of furniture springs into a top provider of a variety of components for the bedding, furniture, and GSA industries. Hickory Springs keeps expanding its conventional brand portfolio to also include sleeper systems, roll packed mattresses, and fabric wrapped micro coils. This includes producing flexible polyurethane foam, polyester fiber batting, and formed steel wire. This great product and process variety is a primary contribution to their clients in the furniture and bedding businesses, where Hickory Springs thrives with high-quality items that expand market potential.
Growing Environmental Awareness for Regenerated Staple Fibers is set to Provide Growth Opportunities in the Market
The market is expected to rise as a result of the increased utilization of low melting fiber and rising environmental consciousness for regenerated staple fibers. When joining bicomponent fibers, polyhexamethylene terephthalate (PHT) functions as a low melting points sheath polymer. This can make it easier to recycle nonwoven fibers in a circular fashion. Nonwovens that are thermally bonded with new bicomponent fibers are more sustainable as a result of the viability of circular recycling. Due to the product's recyclable nature, market players are expected to experience growth and business prospects.