Melt Spun Fibres Market Size, Share & Industry Analysis, By Type ( Filament Melt-Spun Fibers, Staple Melt-Spun Fibers ), By Application ( Textiles, Pharmaceuticals, Automobile, Others ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Melt spinning is a technique of metal forming which is typically used to form thin ribbon like structures of metals, polymers, and alloys in a definite atomic structure. A melt spinning process involves casting the molten material by jetting it into a rotating wheel which is internally cooled by using cold water or nitrogen. These melt spun fibres are used in various application areas like textiles, pharmaceuticals, automotive, and others. Most common melt-spun fibres are nylon 6, nylon 66, polyethylene terephthalate, and polypropylene.
The increasing demand from textile industry due to the rapid expansion and continuously changing trends of fashion industry shall foster the market growth. Additionally, rising demand from end-use industries for blended polymers is likely to create positive impact. The less expensive process of melt spinning which does not need solvent for manufacturing fibers shall drive the market.
However, the lifetime of spinneret of the machines is short. The machines often require repeated manifold cleaning which can be time consuming and tedious. These factors are likely to hinder the market growth.
Market Segmentation:
Based on type, the market is segmented into filament melt-spun fibers, staple melt-spun fibers. Based on application, the market is segmented into textiles, automobiles, pharmaceuticals, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increasing demand from textile industry.
Key Market Restraint -
Short lifetime of spinneret.
Key Players Covered:
The global melt spun fibers market consists of global & regional players operating. Some of the key players in the market include Baoding Swan Fiber, Hyosung, Indorama, Jiangsu South Yellow Sea Industrial Co., BASF, GE plastics, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Melt Spun Fibers Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share in market attributed to the increasing textiles industries in emerging countries like India and China. Additionally, the increasing population and economic development is driving the demand for melt spun fibers. Europe is estimated to hold second-largest share attributed to the expansion of the healthcare sector which is surging the demand for melt spun fiber. North America is expected to exhibit considerable growth due to the technological advancement in the melt spun processing techniques. Latin America and Middle East and Africa are anticipated to show sluggish growth by the end of forecast period.
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Segmentation
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Melt Spun Fibres Industry Developments
- In June 2016, BASF developed melt processable PAN precursors for high strength and low cost carbon fibres.
- Ongoing
- 2023
- 2019-2022
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