San Francisco, 3 January 2019: The Report Polypropylene (PP) Nonwoven Fabric Market Analysis By Product (Spunbounded, Staple,
Meltblown, Composite), By Application (Hygiene, Industrial, Medical,
Geotextiles, Furnishings, Carpet, Agriculture), And Segment Forecasts, 2018 -
2025
According to a report by Grand
View Research, Inc., global propylene (PP) nonwoven fabric market is
anticipated to value USD 34.98 billion by 2025. Growing requirement for
superior quality hygiene products is anticipated to propel demand for
polypropylene nonwoven fabric over the forecast period (2014 to 2025).
Growing demand for disposable
consumer products like baby diapers can influence growth of market. Increasing
use in geotextile, construction, and automotive sector can impel market growth.
Increasing number of geriatric population liable to problems related to adult
incontinence can propel demand for polypropylene nonwoven fabric based
products. This, in turn, can spur market expansion in the forthcoming years.
Access Research Report of PP Nonwoven Fabric Market @ www.grandviewresearch.com/industry-analysis/polypropylene-nonwoven-fabric-market
However, fluctuating raw
material prices coupled with strict regulations pertaining to downstream
petrochemical processing can hamper market growth during the forecast period.
In addition, increasing environmental concerns towards manufacturing and usage
of polypropylene as petrochemical derivative can also hinder growth of market.
Polypropylene is expected to be derived from crude oil. Hence, it is popular
among end-use industries as petrochemical derivative. Imbalanced supply and
demand is likely to fluctuate price of polypropylene in the market. In
addition, continuous depletion of petroleum reserves during past few years is
expected to affect market price of polypropylene. To resolve this problem, manufacturing
companies are expected to focus on development of bio-based polypropylene. This
factor can create lucrative opportunities for new market entrants.
The polypropylene nonwoven
fabric market can be segregated on the basis of product, application, and
region. Based on product, the market can be categorized into staples, spunbonded,
meltdown, and composite. In 2015, spunbonded polypropylene fabric segment
accounted for highest market share. The segment is predicted to grow fast with
CAGR of 9% from 2016 to 2025.
Based on application, the
market can be classified into medical, furnishings, hygiene, carpet,
industrial, geotextiles, agriculture, and other. In 2015, hygiene segment
dominated the market and accounted for 45% of overall market share. However,
furnishings segment is likely to grow fast during the forecast period
attributed to rising demand for superior quality cushions.
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Regional segmentation includes
Europe, North America, Asia Pacific, Central and South America, and Middle East
& Africa. In 2015, Asia Pacific region dominated the market and accounted
for 40% market share. Increasing disposable income among consumers in countries
like India and China can propel consumption of various hygiene products such as
baby diapers and sanitary wipes. Rising consumption of baby diapers in the
region attributed to high birth rate can spur market growth. Growth of foreign
direct investment (FDI) in countries like China and India owing to supportive
government policies can fuel market expansion in the region. In addition,
increasing use in automotive, construction, geotextile sectors in China and
India for various applications can stimulate market growth. Moreover, growing
geriatric population demanding adult diapers can spur growth of market.
In North America, the market
is expected to be mature and likely to account for slow growth rate over the
forecast period. In addition, increasing consumption of diapers among aging
adults can foster regional growth in the forthcoming years.
Similarly, Europe is predicted
to witness market growth at low rates during the forecast period. Rising number
of aging population dependent on diapers attributed to problem with bladder
control can stimulate market growth during the forecast period.
On the contrary, Middle East
region is anticipated to be most attractive market for polypropylene nonwoven
fabric over the forecast period. Growing capacity for polypropylene in the
region is likely to offer advantage to local producers over producers in other areas.
Supportive initiatives from local governments to promote downstream channel and
enhance capacity for polypropylene can augment regional market growth.
In Latin America, the market
is projected to hold huge potential in terms of production. Hence, the region
is expected to witness significant demand for nonwoven PP fabric over the
forecast period.
Some of the leading companies
operating in the market for polypropylene nonwoven fabric are Fiberweb,
Kimberly-Clark, Mitsui, AVGOL, and Fibertex. Most companies are expected to
adopt business strategies like acquisitions and mergers with small companies to
reduce competition and increase market presence.
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Press Release of PP Nonwoven Fabric Market@
www.grandviewresearch.com/press-release/global-pp-nonwoven-fabric-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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