Melt-spun fibers are made from melt spinning process of polymer granules. These fibers are produced by utilizing certain polymers that can be melted without undergoing thermal degradation. Most common polymers for producing melt-spun fibers are nylon-6, nylon 66, polyethylene terephthalate, and polypropylene. Melt spinning increases the strength, resilience, and tenacity of the fiber. Melt-spun fibers processing is a less expensive process and does not require solvent for processing process. These fibers are utilized in various industries such as textile, pharmaceutical, and automotive. The melt spinning process has gained wide popularity in the fiber processing market. For example, GE Plastics installed a high-temperature melt spinning fiber line from Hills, Inc. at its world-class Polymer Processing Development Center in Pittsfield, Mass, U.S. The new melt spinning fiber line at GE Plastics can process resins at temperatures up to 450o C, and can utilize next-generation materials such as GE’s Ultem and Extem1 resin grades. The facility can also produce continuous filaments with a speed of 1,800 meters per minute, and is capable of in-line drawing of fibers.
The global melt-spun fibers market can be segmented based on fiber type. In terms of fiber type, the market can be segmented into filament-melt spun fiber and staple-melt spun fiber. Filament type of melted spun fiber is soft and can easily stretch out up to five times its original length, whereas staple type of melt-spun fiber has limited or finite length and contains many holes. Based on polymers, the market can be segmented into nylon-6, nylon-66, polyester, polyethylene terephthalate, and polypropylene. Among these polymers, polyethylene terephthalate and nylon 6,6 are melt-spun in high volumes. However, several woven industrial and apparel fabrics manufacturers favor polyester instead of nylon.
Increasing need for textile fibers and rapid expansion in fashion and other end-user industries across globe are driving the melt-spun fibers market. Rising demand for blended polymers for manufacture of melt-spun fibers is also boosting the market. For instance, recently, a few researchers mixed lignin with polyacrylo nitrile (PAN) and blended the polymers together into a single fiber using a melt-spinning process. A few factors such as short spinneret lifetime, repeated manifold cleanings, and non-uniformity of the yarn are restraining the market. However, the rise in research activities in the field of spinning technology to produce quality fiber products is expected to create lucrative opportunities for manufacturers operating in the market.
In terms of geography, the global melt-spun fibers market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is a leading region for the melt-spun fibers market followed by Europe. Increasing population and economic expansion in developing economies of Asia Pacific such as China, India, and ASEAN countries are propelling the demand for melt-spun fiber. Additionally, the rise in demand for polyester-based melt-spun fiber, typically in China and Southeast Asia, is also fuelling the market. Strong growth in automotive industry typically in Europe and significant expansion ofthe health care sector are expected to fuel the demand for melt-spun fibers in the regions. Rising middle class income coupled with rapid urbanization and improving lifestyle in Middle East & Africa and Latin America is also boosting the demand for melt-spun fibers.
Key players operating in the global melt-spun fibers market include Baoding Swan Fiber, Addivant, Toray Industries, Hyosung, Indorama, United States Koch Industries, Ltd. and Jiangsu South Yellow Sea Industrial Co.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.