Bicomponent Fiber Market

COVID-19 Impact analysis

• The COVID-19 pandemic devastated the growth of the economy, causing chaos in a wide range of businesses. Automotive, textile, and home furnishings are among the industries that have been hit the worst. Despite the global impact of the pandemic, bicomponent fiber is one of the only man-made fibers that has shown a small increase in demand as a result of the pandemic. In the year 2020, the significant drop in the home furnishing, automobile, and textile industries is partially offset by exceptional growth in hygiene and medical applications. The market for bicomponent fibers is expected to rebound quickly from 2021 onward.

Top Impacting Factors
The organic growth of various end-use industries such as hygiene, automotive, textiles, and home furnishing drives the market growth of global biocomponent fiber market.
Rising demand for non-woven fabrics as well as the growing consumer demand for recyclable fabrics and low-cost and with enhanced porosity and softness boost the adoption of non-woven fabrics, thereby propelling the market growth.
Furthermore, advanced advantages of bicomponent fibers, such as unique cross-sections, enhanced bulkiness, wide range of bonding temperatures, as well as liquid acquisition properties as compared to other competing materials (mono-component fiber) are driving the market growth.
Improving living standard of consumers and increasing demand for baby & adult diapers are the major growth drivers of the bicomponent fiber market.
However, the growing adoption of eco-friendly textile products and increasing prevalence of substitutes impede the growth of the market during the forecast period.
Conversely, developing textile industry creates opportunities for the bicomponent fiber market.
Market Trends
New product launches to flourish the market

• In August 2020, Oerlikon Neumag successfully commissioned three staple fiber bicomponent systems in China. With capacities of 50 tons per day each, the systems are being used to manufacture coresheath bicomponent fibers made from PP/PE or PET/PE at two long-standing Oerlikon Manmade Fibers customers. These fibers are used to make hygiene products.
• In May 2018, FiberVisions Corporation, a subsidiary of Indorama Ventures, received the approval of Indorama Ventures’ board to further expand its bicomponent fiber capacity in Covington, Georgia, U.S. This new project will be the Company’s largest line for producing bicomponent fiber, with 24,000 tons per year capacity, and will have state-of-the-art technology to create a new generation of bicomponent fibers. The innovative design and performance characteristics of these novel fibers will be shared with strategic partners closer to the start-up date.

Surge in usage due to hygiene awareness

• People all across the world are becoming more aware of health and hygiene issues, which is driving the demand for feminine hygiene products, baby diapers, and wipes. In addition, as the world's population grows, so does the demand for disposable hygiene products such as diapers and sanitary napkins. Bicomponent fiber effectively meets key hygiene product needs such as softness, greater fluid absorption, reduced skin irritation, high strength, and high bulkiness. As a result, the bicomponent fiber market is expected to witness notable growth during the forecast period.

Key Benefits of the Report

• This study presents the analytical depiction of the bicomponent fiber along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the bicomponent fiber market share.
• The current market is quantitatively analyzed to highlight the bicomponent fiber market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed bicomponent fiber market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Bicomponent Fiber Report

• Who are the leading market players active in the bicomponent fiber market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• What is "bicomponent fiber"?
• What is "bicomponent fiber" market prediction in the future?
• Who are the leading global players in the "bicomponent fiber" market?
• What are the current trends and predicted trends?
• What are the key benefits of the "bicomponent fiber" market report?