Bicomponent Fiber Market Analysis Report 2023-2024 & 2029: Rising Demand in Sportswear and Activewear, & Growing Focus on Sustainability and Use of Environmentally Friendly Materials - ResearchAndMarkets.com

The "Bicomponent Fiber Market: Analysis By Material, By Structure Type, By End User, By Region Size and Trends and Forecast up to 2029" report has been added to ResearchAndMarkets.com's offering.

The global bicomponent fiber market value stood at US$2.14 billion in 2023, and is expected to reach US$3.02 billion by 2029. The global bicomponent fiber market is expected to grow at a CAGR of 5.88% over the projected period of 2024-2029.

The global bicomponent fiber market is partially fragmented, with large number of companies, ranging from established brands to smaller regional players and niche manufacturers catering to the industry demand.

The global bicomponent fiber market has been positively growing over the years owing to rapid urbanization, rising demand for sustainable high-performance materials in hygiene and healthcare products, rapidly growing textile industry, increasing demand for lightweight and durable materials in automotive and construction sector, rise of bio-based non woven fibers, increasing awareness about the use of adult diapers and feminine hygiene products, rising disposable income, surge in use of bicomponent fibers in filtration media for air and liquid filtration systems, and increasing popularity of disposable products such as disposable wipes, medical fabrics, and cleaning products.

Asia pacific is the largest and fastest growing region of global bicomponent fiber market owing to rapid population growth, increasing disposable income of consumers, presence of robust manufacturing sectors, region's booming hygiene product industry, expanding infrastructure and construction sectors, abundant supply of raw materials like polyester and polypropylene, increasing awareness of hygiene products such as adult diapers and feminine hygiene products, growing middle class working professionals, and huge demand for medical, automotive, and nonwoven textiles from China, India, Japan, and South Korea.

Also, lower labor and production costs in countries like China & India attract global textile manufacturers, transforming the region into a global hub for bicomponent fiber production. Asia Pacific is a major export hub for textiles and non-woven materials, especially in countries like China, Vietnam, and South Korea. Asia Pacific bicomponent fiber market is divided into five regions on the basis of geographical operations, namely, China, Japan, India, South Korea, and rest of Asia Pacific, where the China bicomponent fiber market accounted for largest revenue share.

The US bicomponent fiber market is the largest and fastest growing region of North America bicomponent fiber market as a result of rising popularity of athleisure and activewear, increased health consciousness among consumers, robust manufacturing sector, rapidly expanding e-commerce sector, high per capita income, growing consumer preference for sustainable & eco-friendly products, and increasing demand for premium and high-quality sanitary napkins, pads, and baby diapers. In addition, a spiked interest in sports also played an important role in the increased spending on activewear by Americans, including clothing and accessories to support their favorite teams, as well as workout gear to play sports.

In addition, the increased need for high-performance fabrics with enhanced properties like durability, moisture resistance, and thermal insulation in apparel sector is driving the demand for bicomponent fibers in the fashion, outdoor gear, and sportswear sectors.

Market Segmentation Analysis:

By Material: The report provides the bifurcation of the global bicomponent fiber market into six segments on the basis of material, namely, polyethylene/polypropylene, polypropylene/polyethylene terephthalate, high-density polyethylene/low-density polyethylene, polyethylene/polyethylene terephthalate, polyester/PBT, and other materials.

PE/PP is the largest and fastest growing segment of global bicomponent fiber market owing to rising demand for baby diapers and adult incontinence products, rapidly aging population, automotive industry's shift toward lightweight and high-strength materials, strong growth in the filtration industry, rapid growth of geotextiles in infrastructure projects, growing demand for high-loft nonwoven fabrics, rising focus on sustainability, and increasing popularity of disposable medical textiles, such as surgical gowns, face masks, and wound care products.

By Structure Type: The report provides the bifurcation of the global bicomponent fiber market into four segments on the basis of structure type, namely, sheath-core, side-by-side, island in the sea, and other structure types.

Sheath-core bicomponent fiber is the largest and fastest growing segment of global bicomponent fiber market owing to growing awareness among consumers regarding the benefits of technical textiles and performance fabrics, rapidly growing textile industry, increasing demand of hygiene products in emerging economies, rising consumer demand for sustainable and eco-friendly products, increasing consumer preference for multi-functional fabrics, increasing demand for sports and activewear, and ongoing incorporation of technologies like 3D knitting and antimicrobial agents into the sheath-core design to produce complex textile structures and help reduce odors and increase hygiene.

By End User: The global bicomponent fiber market can be divided into five segments, on the basis of end user, namely, hygiene, automotive, non-woven textiles, construction, and other end-user industries.

Hygiene industry is the largest and fastest growing end user segment of global bicomponent fibers market, owing to rapidly ageing population, rising birth rates, increased industry emphasis on the use of absorbent and comfortable materials, heightened government focus on health and hygiene, rapidly growing e-commerce and retail channels, increased manufacturer spending on hygiene product marketing, growing consumer focus on personal hygiene, growing emphasis on sustainability in the hygiene products industry, and surging demand for disposable hygiene products in rapidly emerging economies.

Competitive Landscape:

The market is characterized by the presence of numerous manufacturers, suppliers, and distributors operating on a global scale. Also, major players in the market are trying to incorporate powerful strategies to maintain their market positions. They are investing heavily in R&D to provide their consumers with the most innovative and technologically advanced products. For instance, on November 14, 2023, the LYCRA Company, announced the launch of new LYCRA FiT400 fiber for knits, where the company's latest EcoMade offering is a unique bicomponent fiber engineered to optimize the performance and comfort of knits.

Key Attributes:

Market Dynamics

Growth Drivers

• Growing Demand In Hygiene Industry
• Expanding Textile Industry
• Increasing Use in Construction Industry
• Rising Demand in Sportswear and Activewear
• Expanding Applications in the Automotive Industry

Challenges

• High Production Cost
• Limited Awareness and Adoption

Market Trends

• Increasing Integration of Automation and AI
• Growing Focus on Sustainability and Use of Environmentally Friendly Materials
• Advancements in Production Technology
• Increasing Use of 3D Knitting Technology

Bicomponent Fiber key players of the market are:

• Dow Inc.
• Ems-Chemie Holding AG
• Indorama Corporation (Indorama Ventures Limited)
• Teijin Limited
• Far Eastern New Century Corporation
• PTT Global Chemical Public Company Limited (GC)
• Toray Industries, Inc
• Nan Ya Plastics Corporation
• JNC Corporation
• CHA Group (CHA Technologies Group) 

For more information about this report visit https://www.researchandmarkets.com/r/rhjof3

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