Bicomponent Fiber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Bicomponent Fiber Market: Snapshot
The global bicomponent fiber market is predicted to increase significantly in the next few years to come. Growing preference for non-woven materials comprising micro-sized fibers, increasing demand for lightweight materials with strong expertise in automotive textiles, and rising demand for nonwoven fabrics from a variety of end-use sectors is expected to drive demand for bicomponent fiber in the near future.
Bicomponent fibers are filaments manufactured from two distinct polymers produced from the same spinneret, isolated by a fine plane, yet contained inside the same filament. Chemical nature and physical features, such as molecular weight, differ between the two polymers. Industrial textiles, protective textiles, automotive textiles, packaging textiles, medical textiles, geotextiles, and other applications make use of bicomponent fibers. Thermal bonding, highly distinctive cross-sectioned patterns, extremely thin fibers, low prices, and self-bulking are all advantages of bicomponent fibers.
Rise in Demand from the Home Furnishings Sector to Accentuate Demand in the Market
The expansion of different end-use sectors such as home furnishings, textiles, hygiene, and automotive is likely to drive the global bicomponent fiber market in the near future. In addition to that, when compared to other materials like mono-component fiber, bicomponent fibers come with exceptional benefits such as liquid acquisition properties, unique cross-sections, increased bulkiness, and a broad range of bonding temperatures are all likely to drive their increased infiltration across various industry verticals. In the last few years, the market has grown at an incredible rate, generating a lot of interest amongst players.
The COVID-19 epidemic wreaked havoc on the global economy and is having a devastating impact on a variety of businesses. Automotive, home furnishings, and textiles are amongst the industries that have been hit the worst. Despite the pandemic's extensive impact, bicomponent fiber is one of the only man-made fibers that has shown a very small increase in demand as a result of the epidemic. In the year 2020, the severe drop in the home furnishing, automobile, and textile sectors is somewhat offset by extraordinary growth in hygiene as well as medical applications. From 2021 onwards, it is predicted that the market for bicomponent fibers would rebound quickly.
Global Bicomponent Fiber Market: Overview
The global biocomponent fiber market has grown steadily over the years, due to the convenience it provides in maintaining personal hygiene. Biocomponent fiber is described as extruding two polymers from the identical spinneret, with both the polymers contained in the same filament.
Previously, a complex and expensive spin packs were involved in the development of biocomponent fiber. The techniques used back then were technically unsatisfactory. Later in 80s, biocomponent fiber was produced with the help of thin flat plates with grooves and holes to channelize the polymers. Such process is considered effective in terms of flexibility and cost-efficiency. However, with the rapid introduction of biocomponent fibers, a drastic growth is noticeable, especially in the textile industry. Such factor is majorly driving the global biocomponent fiber market.
From the perspective of structures, the global biocomponent fiber market is segmented into side-by-side, sheath/core, and islands-in-the-sea. Among them, the sheath/core segment is expected to register the highest share in the market on account of the evenly distribution of low-melting temperature polymer at the point of sheath and high-temperature polymer at the core. However, the global biocomponent fiber market has witnessed a steady growth due to the increased demand for personal hygiene worldwide.
Global Bicomponent Fiber Market: Notable Developments
A few recent developments contouring the shape of the global biocomponent fiber market in a big way include:
Some of the most prominent competitors operating in the competitive landscape of global bicomponent fiber market include –
Global Bicomponent Fiber Market: Key Growth Drivers
Some of the prominent key drivers that accelerating the growth of the global biocomponent fiber market in a positive way include:
Rising Awareness about Maintaining Personal Hygiene Fosters Market’s Growth
The rapid use of manmade fibers in the form of biocomponent fiber has significantly raised in variable applications. Growing demand for several effective personal hygiene products among consumers has been a crucial factor throughput responsible for the consistent growth of the global biocomponent fiber market. Rising demand for certain personal hygiene products such as pads, incontinence briefs, and baby diapers is further fueling growth in the global biocomponent fiber market.
Biocomponent fibers are extensively used in several personal hygiene products, owing to its excellent properties such as outstanding insulation, permeability, antibiotic protection, water transmission, and anti-odor characteristics. Besides this, numerous microeconomic factors such as rising household income and burgeoning aging population worldwide are also contributing demand in the global biocomponent fiber market.
Growing Need for Automation in Textile Machinery Fillips Market
The rapid deployment of automated textile machinery in the textile industry helps in enabling lean manufacturing processes through escalating the flow rate of fabrics. Consequently, it aids in expediting and improving the quality as well as cost-competitiveness of the development process related to the textile industry. Such factors are also providing impetus to the growth of the global biocomponent fiber market.
Global Bicomponent Fiber Market: Regional Outlook
On the regional front, APAC is expected to dominate over other regions as the region has witnessed the rapid establishment of textile industry. Along with this, the widespread adoption of a wide range of feminine care products as well as baby diapers in countries such as India, China, Japan is the major reason fueling growth of the biocomponent fiber market in this region.
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