The global nonwoven fabrics market is expected to reach USD 42.1 billion by 2020, according
to a new study by Grand View Research, Inc. Growing production of baby diapers
on account of increasing birth rate particularly in Asia Pacific is expected to
remain a key driving factor for the global nonwoven fabrics market. Increasing
construction spending in emerging economies of China, India and Brazil is also
expected to have a positive influence on the market growth. Volatile prices of
key raw materials are expected to remain a key challenge for market
participants over the next six years.
Polypropylene nonwoven fabrics were the
highest consumed product segment accounted for over 60% of total market demand
in 2013. PP nonwoven fabrics are also expected to witness highest growth rate
over the next six years. Increasing birth rates in emerging markets of India
and China and increasing geriatric population in countries such as U.S., UK,
Germany and Japan have driven the demand for baby diapers and adult
incontinence products respectively. Increasing demand for baby diapers and
adult incontinence products is expected to drive polypropylene nonwoven fabrics
demand.
Access Research Report of Nonwoven Fabrics Market @ http://www.grandviewresearch.com/industry-analysis/nonwoven-fabrics-market
Further key findings from the study suggest:
· Global nonwoven fabrics demand was 8,687.2
kilo tons in 2013 and is expected to reach 13,652.4 kilo tons by 2020, growing
at a CAGR of 6.7% from 2014 to 2020.
· Spunlaid emerged as the leading technology
used in the global nonwoven fabrics market and accounted for 48.5% of total
market volume in 2013. Spunlaid is also expected to witness highest growth rate
over the next several years. Increasing demand for spunlaid nonwoven fabrics in
hygiene and medical applications is expected to drive its market over the next
six years. Global demand for air laid based nonwoven fabrics is expected to
exceed 1 million tons by 2020.
· Durable applications such as construction,
automotive and geotextile were the leading application segment in the global
nonwoven fabrics market which together accounted for 59.7% of total market
volume in 2013. Growth of construction and automotive industry particularly in
BRIC nations is expected to spur growth for nonwoven fabrics in durable
applications.
· Asia Pacific was the leading regional
market and accounted for 42.4% of total market demand in 2013. Growth of major
end-use industries particularly in emerging markets of China and India is
expected to drive nonwoven fabrics market in the region over the forecast
period. Middle East and Africa is expected to be the fastest growing regional
market for nonwoven fabrics at an estimated CAGR of 8.2% from 2014 to 2020.
Growth of geotextiles and construction industries in Saudi Arabia, Egypt and
South Africa is expected to drive the regional market.
· The global nonwoven fabrics market is
highly fragmented in nature with the market witnessing frequent mergers &
acquisitions by large companies in order to gain market share. Top four
companies accounted for below 20% of total market in 2013. Some of the major
companies operating in the market include Freudenberg, Ahlstrom, DuPont, PEGAS,
Providencia, AVGOL, Kimberly-Clark, PGI, Fiberweb, Mitsui and Toray.
Grand View Research has segmented the
nonwoven fabrics market on the basis of product, technology, application and
region:
Global Nonwoven Fabrics Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Polypropylene
·
Polyester
·
Nylon
·
Others
Global Nonwoven Fabrics Technology Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Spunlaid
·
Carded
·
Air Laid
·
Wet Laid
Global Nonwoven Fabrics Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Durable
·
Disposables
Global Nonwoven Fabrics Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
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.