Global Bicomponent Fiber Market 2019-2023 | 6% CAGR Projection Over the Next Five Years | Technavio
LONDON--(BUSINESS WIRE)--May 14, 2019--
The global bicomponent fiber market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio.
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Technavio has published a new market research report on the global bicomponent fiber market from 2019-2023. (Graphic: Business Wire)
The use of manmade fibers such as bicomponent fiber has significantly increased in diverse applications over the years. There is considerable growth in the demand for personal hygiene products among consumers. The growing need for hygiene products such as baby diapers, incontinence briefs, and pads which are made of bicomponent fibers are further fueling the market’s growth. Feminine hygiene products that commonly use bicomponent fibers have gained significant momentum and is expected to post higher growth during the forecast period. Furthermore, vendors are continuously improving their product offerings with enhanced softness and advanced fluid management to stay ahead in the competitive market. The increasing demand for personal hygiene is one of the key drivers that is supporting the growth of the global bicomponent market.
As per Technavio, the automation in textile machinery will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global bicomponent fiber market 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.
Global bicomponent fiber market: Automation in textile machinery
Bicomponent fibers require high high-take up speeds in their production. This is essential in achieving a homogenous filament formation. Automation plays a critical role in improving the quality and cost-effectiveness in textile manufacturing. Automation helps to accomplish some of the crucial parameters required in maintaining consistency and comply with quality standards. The growing adoption of automation in textile machinery has led many bicomponent fiber vendors to offer advanced products. For instance, Staple FORCE S 1000 by OC Oerlikon Management AG helps produce bicomponent fibers through a compact spinning process and can achieve take-up speeds of up to 1,000 meters per second. Hence, the growing adoption of automation in textile machinery is expected to increase the demand for bicomponent fiber during the forecast period.
“The rising disposable incomes, improving healthcare infrastructure, and government initiatives in promoting health and hygiene are increasing the demand for bicomponent fibers in the APAC region. Bicomponent fiber vendors in the APAC region are expanding their business by leveraging an integrated system of manufacturing fibers and non-woven fabrics to meet the demand. The high geriatric population in North America is increasing the need for adult diapers and subsequently improves the demand for bicomponent fabrics among adult diaper manufacturers. Additionally, the growing preference for durable and environment-friendly raw materials in the region is encouraging bicomponent fiber manufacturing companies to invest in sustainable and high-performance apparels. All these factors will collectively contribute to the growth of the market during the forecast period,” says an analyst at Technavio.
Global bicomponent fiber market: Segmentation analysis
This market report segments the global bicomponent fiber market by end-user (personal hygiene, medical textile, upholstery, and others) and geography (APAC, Europe, MEA, North America, and South America).
APAC led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The dominance of APAC can be attributed to the high demand for hygiene products such as baby diapers and feminine care products from countries such as India, China, and Japan.
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INDUSTRY KEYWORD: MANUFACTURING TEXTILES
SOURCE: Technavio Research
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