Published On : 12 Sep 2018
Rapid urbanization and industrialization has caused numerous sectors to witness widespread advancements in the last few years. With such developments, the demand for certain types of raw materials too has increased tremendously. And one such type of raw material that has cemented its necessity in a plethora of applications is the type of fibers having low melting point, thereby giving rise to a distinct low melting fiber sales market.
There are several industries where these fibers are used extensively, namely construction, bedding, automobiles, defense and security, and many more. Furthermore, these fibers are required in most modern industrial sectors that contribute towards a comfortable living for most developed and developing countries. Thus, extensive advancements occurring in each of these sectors and others too, are majorly driving the global low melting point market. Another factor proving to be beneficial to the market’s growth involves presence of key companies in the North America, Europe, and Asia Pacific regions. Of these, a strong technological infrastructure in North America is notably propelling the global low melting fiber sales market.
However, fibers having a low melting point may get degraded over time in harsh environments, thus posing as an obstacle to the low melting fiber sales market’s growth. These fibers could also be unable to sustain high temperatures depending on which application they are used in. In addition, it is substantially expensive to manufacture the fibers in large quantities, which might cause small-scale businesses having less capital to put their money on cheaper options. Apart from high costs, raw material volatility, shortage of material needed for manufacturing in remote and underdeveloped regions, and lack of manpower required for fiber production too are prime factors hindering the global low melting fiber market. Nonetheless, many companies are soon expected to introduce cost-effective solutions for different applications, which are expected to offset most of the restraints acting on the market.
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The global low melting fiber sales market mainly depicts the presence of a highly fragmented and competitive vendor landscape. Such competitiveness mainly exists owing to innumerable players operating in this sector, who are fiercely competing with each other to gain maximum revenue. With new companies entering this sector on a regular basis, the competition is expected to increase dramatically during the upcoming years.
Most companies are focused on increasing product manufacturing capacities and improving product quality. Notable focus is also being imparted on bringing about extensive innovations in the production techniques used to manufacture low melting fibers. Participating in mergers & acquisitions, expansion of product portfolios, and achieving product differentiation also are key schemes implemented by many businesses in the global low melting fiber sales market.
CNV Corporation, Toray Chemical Korea, Far Eastern New Century, Hickory Springs, XiangLu Chemical Fibers, Taekwang, Yangzhou Tianfulong, Nan Ya Plastics, Ningbo Dafa, Huvis, Dividan, IFG Exelto NV, Sinopec Yizheng Chemical Fibre, and Shyam Fibers, are key players operating in this sector.
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