Burlingame, May 22, 2023 (GLOBE NEWSWIRE) — Global Low Melting Fiber Market was valued at US$ 2,060.8 Million in 2022 and expected to exhibit a CAGR of 5.9% during the forecast period (2023-2030).
Key Trends and Analysis of the Global Low Melting Fiber:
Growing consumer’s preference towards sustainable furnishing materials
In North America, increasing home furnishing is likely to boost demand for low melting fiber during the forecast period. Moreover, surge in population and increasing rate of urbanization is one of key factors, which is driving demand for more sustainable fibers such as low melting fiber. Furthermore, increasing preference for comfortable and luxurious lifestyle is also projected to witness significant opportunities across the global low melting fiber market.
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Rising demand for lightweight automobiles during the forecast period
Growing automotive industry is boosting demand for low melting automotive fiber across the globe. The low melting fiber is used in the manufacturing of HVA (heat and vacuum applicators). These HVA are used in the automotive interiors including insulation, wadding, automotive acoustic insulation material, and filtration, among others. Moreover, low melting fiber can be also applied to wheel arch, car truck, carpets, and others, and this is likely to bolster the market growth.
Increasing use of natural staple fibers
Staple fibers are produced by twisting the natural fibers including hemp, raw cotton, wool, and others except silk. These fibers are used in the furniture industry due to its characteristics such as comfort, excellent aesthetics, durability, and others. Moreover, PPSF (Polypropylene staple fiber) is used for manufacturing tiles and cement sheets which enhances the strength of buildings. Moreover, wood pulp is widely used as a raw material during the production process of staple fibers, which offers more eco-friendly construction materials, including tiles and reinforced cement concrete (RCC) hume pipes, among others. Thus, increasing use of natural staple fibers in the construction sector is expected to restraint the global low melting fiber growth.
Low Melting Fiber Market Report Coverage
Market Size in 2022: