Bicomponent Fiber Market Size and Key Trends in terms of volume and value 2026 | COVID-19 Analysis

The market research report, entitled Bicomponent Fibershows good possibilities in the Bicomponent Fibermarket during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.

Global Bicomponent FiberMarket Forecast:

The global Bicomponent Fibermarket is forecasted to grow at a rate of 4.4% CAGR during the period of 2021-2026.  Bicomponent FiberMarket will be experiencing an escalation in demand attributed to the growing usage of Bicomponent Fiberin the market. The XYZ market growth depends upon numerous factors which have direct or indirect impact on the demand. Our report has the summary of such factors derived using SWOT, PEST, industry life cycle and supply chain analysis. These methods help in analysing the strength of the companies and identify gaps as well as opportunities to lay out a successful roadmap which leads to higher profitability.

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Some linchpins in the market are

BAE Systems Plc., Cobham Plc., Honeywell International Inc., Microsemi Corporation, and Texas Instruments

Bicomponent FiberMarket Segmentation:

The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Bicomponent Fibermarket segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

Cha Technologies Group

ES FiberVisions

Far Eastern New Century Corporation

Freudenberg Group

Huvis Corporation

Indorama Ventures Public Company Limited

Jiangsu Jiangnan High Polymer Fiber Co., Ltd.

Toray Industries, Inc

JNC Corporation

Yaolong Nonwoven

Kolon Glotech

EMS-Chemie Holding AG

Eastman Chemical Company

Jiaxing Xinwei Chemical Fiber Co. Ltd.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Bicomponent Fiber Market value and growth drivers over the trend period of 2021-26. According to the report –

The COVID-19 pandemic devastated the growth of the economy, taking various industries under its lethal grip. Industries, such as automotive, textile, and home furnishing, are proving to be its biggest victims. Despite the widespread impact of the pandemic, the bicomponent fiber is among the few man-made fibers that are recording a relatively low impact of the pandemic in their demand. The sharp plunge in home furnishing, automotive, and textile industries is partially offset by the exceptional growth from the hygiene and medical applications in the year 2020. It is also estimated that the market for bicomponent fibers is likely to record a speedy recovery from 2021 onwards.

Segment Analysis:

Based on Material Type:

Stratview has firstly segmented the bicomponent fiber market based on the material type PE/PP, PE/PET, Co-PET/PET, and others. Co-PET/PET dominates the bicomponent fiber market in terms of both, value, and volume shipments. Co-PET/PET is used in a wide range of applications in the non-woven industry with having a melt temperature below 110°C. Desirable strength, lightweight, better dyeability, wrinkle-resistance, cost-effective nature, and excellent wash wear properties are key other key whys and wherefores of the product category. PE/PP bicomponent fiber has superior properties, such as enhanced softness, bulkiness, and liquid absorption properties, which have led to its significant demand in the USA and Western European countries.

Based on Region:

In terms of regions, Asia-Pacific is likely to remain the most dominant as well as the fastest-growing region in the long-term scenario, owing to a host of factors such as a large population base, increasing disposable income of consumers, and increasing awareness of hygiene products such as diapers and feminine hygiene products. Emerging nations, such as China and India, are experiencing a rapid increase in the usage of the bicomponent fiber. North America and Europe have a high penetration of bicomponent fiber and also offer sizeable market opportunities. Among all regions, Europe to be the worst-hit region by the pandemic in 2020; however, the demand in the region is estimated to resuscitate in the coming years.

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COVID-19 IMPACT Analysis on Bicomponent FiberMarket

Coronavirus has influenced every one of the organizations, little or large, dealing in any sector. The growth curves of XYZ market have seen immense fluctuations in the year 2021. The market scenario and the pace of growth have taken a colossal turn and have prompted numerous adjustments in the cycles, which will have repercussions for a significant stretch. 2021 is probably going to be superior to 2021 for the XYZ market players as the greater part of the organizations have continued their activities and the interest is getting reestablished for them.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.

Regional Analysis

The assessment of the pandemic reveals an enormous transformation in both short, as well as long-term regional business. With some barriers along the road, the Bicomponent Fibermarket stakeholders hope to regain stability in 2021, with flourishing demand and a hassle-free market environment. In terms of region, North America and Russia held the major chunk of the market in and before 2021. Despite several setbacks and the pandemic’s impact, the regions having the presence of key players, are likely to maintain their dominance in the upcoming years. According to the report, North America. region is expected to handle the crisis most efficiently, growing at the highest rate during the five-year tenure and is expected to become the next potential manufacturing hub.

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Stratview Research

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About Stratview Research

Stratview Research is a global market intelligence firm helping its clients’ tract the ever-evolving market scenarios through customised and syndicated reports. The reports offered here are gathered with the help of our wide-ranging and reliable secondary sources and in-depth interviews with the linchpins within the market. Extrapolated through primary and secondary research, Stratview Research’s reports help you remain ahead of the curve by enabling you to understand the current market trends and challenges coming on your way. Our strong team of industry veterans and researchers assure high quality research and strategic insights that help companies worldwide in effective decision making.

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