World bico fiber market will near $2.3 billion level by 2024 - study




DUBLIN, Ireland, December 10, 2018-

This report studies the bicomponent fiber market over the period 2019 to 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

The Global Bicomponent Fiber Market: Highlights

Bicomponent fiber offers healthy growth opportunities in the entire ecosystem of the market. The global bicomponent fiber market is likely to reach US$ 2,266.9 million in 2024. Rising living standard of consumers, growing nonwoven market, increasing demand for baby and adult diapers, increasing automobile production, increasing awareness towards hygiene products, increasing demand for softer and bulkier products, and higher performance of bicomponent fiber over single polymer fibers are the major growth drivers of the bicomponent fiber market.

The global bicomponent fiber market is segmented based on the material type as PE/PP, PE/PET, Co-PET/PET, and Others. Co-PET/PET is expected to remain the most dominant material type in the global bicomponent fiber market during the forecast period, owing to its low cost coupled with good chemical resistance and physical properties. The material type is also likely to witness the highest growth during the same period, driven by increasing penetration in emerging markets, such as China.

For more information please click on:
https://www.researchandmarkets.com/publication/m4712f2/4704001

Based on the structure type, the global bicomponent fiber market is segmented as sheath/core, side-by-side, islands-in-the-sea, and others. Sheath/core is projected to remain the growth engine of the global bicomponent fiber market during the forecast period. Sheath/core structure occupies the highest share in the global bicomponent fiber market. Good interlocking mechanism and less reactive to moisture are the key factors driving the demand for sheath/core structure in the bicomponent fiber market.

Based on the end-use industry type, the global bicomponent fiber market is segmented as hygiene, textiles, automotive, home furnish, and others. Hygiene is projected to remain the largest segment of the global bicomponent fiber market during the forecast period. Rising health and hygiene awareness among people around the world is driving the demand for incontinence products, such as feminine products, baby diapers, adult diapers, and tissue wipes.

Rising living standard of people coupled up with superior softness, bulkiness, and strong bonding properties are pushing the demand for bicomponent fibers in the hygiene segment. Automotive is likely to remain the second largest segment of the bicomponent fiber market because of an increase in the penetration of bicomponent fibers in the automobiles to attain lightweight materials with strong capabilities.

For more information please click on:
https://www.researchandmarkets.com/publication/m4712f2/4704001

Companies Mentioned:

- CHA Technologies Group
- ES FiberVisions
- Far Eastern New Century
- Huvis Corporation
- Jiangsu Jiangnan High Polymer Fiber Co.
- Toray Industries

Pricing:
From USD 4790

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