The global melt spun fibers market is expected to develop drastically during the forecast period due to the rapid demand from the textile, pharmaceutical, and automotive sectors. Therefore, due to the robust demand, the market is expected to progress rapidly. Fortune Business Insights™ mentions this information in its report titled “Melt Spun Fibers Market, 2022-2029.

Melt spun fibers are ribbons created from the melt spinning technique which is used for transforming metals into ribbon structures. It is used extensively in the textile industry to produce attractive dresses and other clothing materials. Melt spun fibers also used in creating yarns. Furthermore, melt spun fibers are used in the medical sector as a stitching fiber to stitch wounds in surgeries. In addition, it is used in the automotive industry to create safety belts, airbags, air filters, seat covers, automobile carpets, and other materials. Therefore, due to the rising adoption of the product in different applications, the product’s demand is expected to surge radically, which, in turn, can propel market growth in the foreseeable period.

Impact of COVID-19

Increasing Demand from Pharmaceutical Industry to Fuel Market Growth

This market is expected to grow positively during the COVID-19 pandemic due to its adoption in the pharmaceutical sector for sutures. It is used as a stitching thread to seal wounds created by trauma and surgeries. The essential sectors such as medical, water treatment plants, and others are operating normally following the COVID-19 protocols. As a result, the production of melt spun fibers is increasing because of its use in several surgical applications. Therefore, despite the pandemic, the market is likely to grow.

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Segments

By type, the market is segmented into staple melt-spun fibers and filament melt-spun fibers. Based on applications, the market is classified into automobile, textiles, pharmaceuticals, and others. Geographically, it is clubbed into Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.

Highlights of the Report

  • This report offers a study of the top segments and the latest market trends.
  • It conducts a comprehensive analysis of the driving and restraining factors and the impact of COVID-19 on the global market.
  • The report examines the regional development and the strategies devised by the market’s key players.

Drivers and Restraints

Robust Product Demand from the Textile Industry to Surge the Market Growth

Melt spun fiber’s demand from the textile industry is increasing rapidly due to the rising adoption of the product to create dresses and yarns. It is used in the textile industry to create nylon, polyester, and other materials. Melt spun fibers are used to spin attractive dresses with special designs and shiny looks. The rapid development of the fashion industry has led to the adoption of melt spun fibers to create shiny and visually appealing clothing. It is also used to create attractive home carpeting and automotive carpets. They are extremely rigid compared to normal fibers because of their resistance against tears and other damages. Additionally, the melt spinning process eliminates the need for solvents, thereby enhancing its cost-effectiveness. Thus, this factor can drive the melt spun fibers market growth.

However, the shorter lifespan of melt spun fibers spinneret is expected to hamper the market growth.

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Regional Insights

Rapid Growing Textile Industry to Propagate Market Growth in Asia Pacific

Asia Pacific is projected to dominate the melt spun fibers market share due to the rapidly expanding textile industry in India and China. In addition, economic development and rapidly increasing population are expected to propel market growth.

In Europe, the remarkably expanding healthcare sector is expected to spike the demand for melt spun fibers. Thus, this factor is likely to boost the market growth.

In North America, the advancement in production technologies is responsible for market growth.

Competitive Landscape

Prominent Companies to Launch Novel Products to Enhance Market Growth

The prominent companies operating in the market launch novel products to enhance their market growth. For example, BASF launched its melt-processable PAN precursor aimed at low-cost and high-cost carbon fibers in June 2016. This launch can enable them to enhance their market position. The companies utilize advanced production techniques to enhance their efficiency and boost product quality. This strategy can enhance the business of the companies, which, in turn, can enhance their annual revenue.

List of Key Players Profiled in the Melt Spun Fibers Market Report

  • Baoding Swan Fiber
  • Hyosung
  • Indorama
  • Jiangsu South Yellow Sea Industrial Co.
  • BASF
  • GE plastics

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