DETROIT, January 17, 2019
DETROIT, January 17, 2019 /PRNewswire/ --
Stratview Research announces the launch of a new research report on Bicomponent Fiber Market by Material Type (PE/PP, PE/PET, Co-PET/PET, and Others), by Structure Type (Sheath/Core, Side-by-Side, Islands-in-the-Sea, and Others), by End-Use Industry Type (Hygiene, Textiles, Automotive, Home Furnish, and others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
This 240-page report, from Stratview Research, studies the bicomponent fiber market in the global advanced materials industry over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Bicomponent Fiber Market: Highlights from the Report
There has been a rapid progress in the non-woven technology in various end-use industries, thereby driving the demand for non-woven fabrics. Day-to-day products from personal care to hygiene to filters and automotive fabric products have realized worthiness of non-woven fabrics. People are demanding such products which give more comfort and softness. This is being done by replacing the traditional PP spun-bond fabric with bicomponent fiber. Bicomponent fibers have been in the forefront in fulfilling such requirements with continuous advancement in products to meet consumer demand.
As per Stratview Research, the bicomponent fiber market seems prosperous with significant growth opportunities for market participants across the value chain. The market is likely to reach an estimated value of US$ 2,266.9 million in 2024. Rising living standard of people in both developed as well as developing countries, increasing demand for non-woven fabrics in various end-use industries, growing disposable diaper and feminine products, increasing preference for thermal-bonded non-woven products over adhesive-bonded non-woven products, increasing automobile production, and rising demand for nonwovens containing micro-size fibers are some of the key factors proliferating the demand for bicomponent fibers.
Co-PET/PET is expected to remain the most dominant material type in the market during the forecast period owing to ease of production from petrochemical sources, low cost, good chemical resistance, and desirable range of physical properties. The material type is also likely to witness the highest growth in the same period, propelled by increasing penetration of bicomponent fibers in the emerging markets, such as China. Co-PET/PET fibers are cheaper, which makes them the preferred choice, especially in the price-sensitive consumer geographies, such as China and India.
Based on structure type, sheath/core is projected to remain the growth engine of the market during the forecast period. The structure type generally has low-melting-temperature polymer at the sheath and high-melting temperature polymer at the core. They are typically processed as bonding fibers for non-woven and their applications are extremely diverse, making them the most dominant bicomponent fiber structures in the market.
Hygiene is projected to remain the largest as well as the fastest-growing segment of the market during the forecast period. Rising health and hygiene awareness among people around the world is fueling the growth in the demand for various hygiene products, such as feminine products, baby diapers, and wipes. Also, the demand for disposable hygiene products, such as diapers and sanitary napkins, has been growing in line with the world's population increase. This, in turn, is generating a greater demand for bicomponent fibers in the segment.
In terms of region, Asia-Pacific is expected to remain the largest and fastest-growing market for bicomponent fibers during the forecast period. The regional market is driven by a host of factors, such as growing awareness towards the hygienic environment and increasing population. Rising disposable income, improving healthcare infrastructure, and favorable government regulations regarding health and hygiene are further boosting the demand for bicomponent fibers in the region. China is likely to remain the growth engine of the region's market in the foreseen future. The country is also the world's largest market for bicomponent fibers and is expected to maintain its dominance during the forecast period.
Key bicomponent fiber manufacturers are ES FiberVisions, Huvis Corporation, Far Eastern New Century, Jiangnan High Polymer Fiber Co., Ltd., CHA Technologies Group, and Jiaxing Xinwei Chemical Fiber Co., Ltd. Development of durable, stronger and softer bicomponent fibers and execution of mergers & acquisitions are some of the key strategies adopted by the major players to gain a competitive edge in the market.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the global bicomponent fiber market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Bicomponent Fiber Market by Material Type:
Bicomponent Fiber Market by End-Use Industry Type:
Bicomponent Fiber Market by Structure Type:
Bicomponent Fiber Market by Region:
Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:
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