BANGALORE, India, Oct. 4, 2024 /PRNewswire/ -- Bicomponent Fiber
Market is Segmented by Type (PE/PP, PE/PET, Co-PET/PET), by
Application (Hygiene, Textiles, Automotive, Construction): Global
Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Bicomponent Fiber Market is projected to grow from
USD 4120 Million in 2024 to
USD 6045.6 Million by 2030, at a
Compound Annual Growth Rate (CAGR) of 6.6% during the forecast
period.
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Major Factor:
The bicomponent fiber market is experiencing robust growth due
to increasing demand across various industries, including textiles,
hygiene products, and automotive applications. Bicomponent fibers
consist of two polymers with different properties, which are
combined to produce fibers that offer unique characteristics, such
as enhanced strength, flexibility, and thermal bonding. These
fibers are widely used in nonwoven fabrics, geotextiles, and
personal hygiene products, driving their market demand. The textile
industry is particularly reliant on bicomponent fibers for creating
durable fabrics that are soft to the touch yet resistant to wear
and tear. Additionally, the hygiene industry uses bicomponent
fibers in products like baby diapers, adult incontinence products,
and feminine hygiene items due to their excellent absorbency and
comfort. The growing emphasis on sustainability is also pushing
manufacturers to develop biodegradable and eco-friendly bicomponent
fibers, further driving market growth. As industries focus on
producing high-performance materials that are both durable and
environmentally friendly, the demand for bicomponent fibers is
expected to continue rising across the globe.
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TRENDS INFLUENCING THE GROWTH OF THE BICOMPONENT FIBER
MARKET:
Co-PET/PET bicomponent fibers are playing a significant role in
driving the growth of the bicomponent fiber market. These fibers,
composed of two types of polyethylene terephthalate (PET), are
widely used in nonwoven fabrics for their superior thermal bonding
properties. Co-PET/PET fibers are particularly valued for their
strength, durability, and recyclability, making them ideal for
applications in the textile, automotive, and hygiene industries.
The growing demand for nonwoven fabrics in hygiene products,
geotextiles, and filtration materials is increasing the need for
Co-PET/PET bicomponent fibers, thereby driving the market forward.
Additionally, their eco-friendly attributes align with the rising
emphasis on sustainability, further boosting demand.
PE/PET bicomponent fibers are another major driver of growth in
the bicomponent fiber market. These fibers are composed of
polyethylene (PE) and polyethylene terephthalate (PET), offering
excellent thermal bonding and soft touch properties. PE/PET fibers
are widely used in personal hygiene products such as diapers,
sanitary napkins, and wipes due to their softness, absorbency, and
skin-friendly characteristics. The growing demand for high-quality,
comfortable hygiene products is pushing manufacturers to adopt
PE/PET bicomponent fibers. As the global population increases and
awareness about personal hygiene rises, the demand for these fibers
is expected to grow, further contributing to market expansion.
The hygiene products sector is a key driver of the bicomponent
fiber market, as these fibers are widely used in the production of
baby diapers, adult incontinence products, and feminine hygiene
items. Bicomponent fibers offer the perfect balance of strength,
absorbency, and softness, making them ideal for use in nonwoven
fabrics for hygiene applications. With the increasing focus on
personal hygiene and comfort, particularly in developing countries,
the demand for bicomponent fibers in hygiene products is growing
rapidly. Manufacturers are focusing on creating high-performance,
skin-friendly materials that cater to consumer needs, driving the
demand for bicomponent fibers in this sector.
The expanding nonwoven fabrics industry is one of the primary
factors driving the growth of the bicomponent fiber market.
Nonwoven fabrics, which are used in applications ranging from
hygiene products to filtration and geotextiles, rely heavily on
bicomponent fibers for their strength, durability, and versatility.
Bicomponent fibers are essential in producing high-quality nonwoven
fabrics that offer excellent bonding and stability. As industries
such as healthcare, automotive, and construction increasingly adopt
nonwoven materials for their products, the demand for bicomponent
fibers is expected to rise, supporting market growth.
Bicomponent fibers are finding increasing use in automotive
applications, particularly in the production of interior components
such as carpets, upholstery, and insulation. These fibers offer the
durability and flexibility required to withstand the demanding
conditions of automotive interiors, while also providing a
lightweight alternative to traditional materials. As the automotive
industry continues to focus on improving fuel efficiency and
reducing vehicle weight, the use of bicomponent fibers is expected
to grow. The demand for high-performance, lightweight materials in
electric vehicles is also contributing to the growth of the
bicomponent fiber market in the automotive sector.
The rising demand for sustainable and environmentally friendly
materials is significantly driving the growth of the bicomponent
fiber market. Bicomponent fibers that are biodegradable or
recyclable are gaining popularity, particularly in industries
focused on reducing their environmental footprint. Manufacturers
are increasingly developing eco-friendly bicomponent fibers that
meet the needs of sustainability-conscious consumers. The growing
focus on circular economy practices in industries such as textiles
and hygiene is further boosting demand for sustainable bicomponent
fibers, driving market growth. As consumers and governments place
greater emphasis on sustainability, the market for eco-friendly
bicomponent fibers is expected to expand.
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BICOMPONENT FIBER MARKET SHARE:
The major manufacturers are concentrated in Korea, and
China, such as FiberVisions
Corporation, Kolon, Huvis, Hyosung, Toray Chemical Korea, etc. At
present, Huvis is the world leader, holding about 19% production
market share in 2019.
In 2019, the global Bicomponent Fiber consumption market is led
by China and China is the largest regional consumption
market, accounting for about 38% of global consumption of
Bicomponent Fiber.
The Bicomponent Fiber Market is regionally segmented, with
Asia-Pacific leading the market
due to its large textile and hygiene industries. Countries such as
China, India, and Japan are major contributors to the growth of
the market in this region, driven by increasing industrialization
and rising demand for hygiene products.
North America and Europe are also significant markets for
bicomponent fibers, particularly in the automotive and nonwoven
fabrics sectors. The Middle East
and Africa are emerging markets,
where infrastructure development and growing awareness about
hygiene products are expected to drive demand for bicomponent
fibers in the coming years.
Key Companies:
- FiberVisions Corporation
- Kolon
- Huvis
- Hyosung
- Far Eastern New Century
- DuPont
- RadiciGroup
- Mitsubishi Chemical
- Jiangnan High Polymer Fiber
- Hubei Botao Synthetic Fiber
- Nan Ya Plastics
- XiangLu Chemical Fibers
- Yangzhou Tianfulong
- Ningbo Dafa
- Toray Advanced Materials Korea
- ECER
- Beaulieu
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