Nonwoven Fabrics Market Size, Share, Trends, Growth, Regional Outlook, Top Key P
Posted by Rishab Gupta on December 23rd, 2019
Nonwoven Fabrics Market Research Report: by Technology (Dry-laid, Wet-laid, Spun Melt), by Material (Rayon, Polyethylene, Polypropylene, Polyethylene Terephthalate, Wood Pulp, Bi-component, Others), by Function (Disposable, Durable), by Application (Hygiene, Filtration, Upholstery, Construction, Automotive, Others), and Region - Global Forecast till 2023
Fitesa (Brazil), Asahi Kasei Corporation (Japan), Fiberwebindia Ltd. (India), Umazomo Nonwovens (Pty) Ltd. (South Africa), Johns Manville (U.S.), Toray Industries, Inc. (Japan), KCWW (U.S.), TWE GmbH & Co. KG (Germany), Suominen Corporation (U.S.), DowDuPont (U.S.), Berry Inc. (U.S.), Freudenberg & Co. KG (Germany), Avgol Ltd. (Israel), Ahlstrom-Munksjo (Finland), and Glatfelter (U.S.)
Nonwoven Fabrics Market Size is Valued at CAGR of 7.92% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the nonwoven fabrics market was further stated to surpass its previous to reach an estimated figure of USD 69,186.9 million by 2023.
Nonwoven Fabrics Market to Grow at an Annual Pace of 7.92%
Nonwoven Fabrics Market to Reach a Projected Figure of USD 69,186.9 million by 2023
Nonwoven Fabrics Market to be Spearheaded by Asia Pacific
The Nonwoven fabrics market has been segmented in terms of material, technology, application, and function.
By technology, the market segments into Spun Melt, Dry-laid, and Wet-laid. The dry-laid segment leads the market with 53% of the share to its name back in 2017. The segment is expected to garner a CAGR of 7.25% over the forecast period. Furthermore, the segment is anticipated to reach a figure of USD 35,104.4 million by the end of 2023. On the other hand, the spun-melt segment is expected to grow at a higher CAGR of 8.72% over the forecast period. This is due to the segment’s increasing application in personal care, roofing, and upholstery.
By material, the market includes Polypropylene, Polyethylene, Wood Pulp, Bi-component, Rayon, Polyethylene Terephthalate, and others. The polypropylene segment led the market back in 2017 and is expected to grow at an annual pace of 8.47% during the forecast period and reach a valuation of USD 38,739.7 million by 2023. However, the polyethylene terephthalate is expected to grow with the fastest pace due to its functional versatility, durability, and high strength.
By function, the market divides into durable and disposable functioning. The durable segment was valued at USD 27,135.7 million back in 2017 to lead the market. However, the disposable functioning segment is anticipated to move at a rapid pace due to its increasing applications in diapers, baby wipes, and surgical products. The segment is primed to reach a valuation of USD 27,407.2 million by 2023.
By application, the market segments into construction, hygiene and medical, automotive, filtration, upholstery, and others. The hygiene and medical segment led the market back in 2018 with a share of 34.2% to its name. The hygiene and medical segment is further anticipated to remain at the top of the market due to the increasing awareness concerning self-grooming among individuals. The segment is estimated to reach a figure of USD 24,435.9 million by 2023. While the construction segment is slated to gain revenue worth USD 15,447.5 million by 2023.
Nonwoven Fabrics Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The Asia Pacific regional nonwoven fabrics market is expected to generate USD 32,322.5 million by the end of the forecast period at a compound annual growth rate of 8.4%. This has propelled the region ahead of other markets and is expected to remain the case in the coming years as well. The growth of the regional market can be attributed to the growing consumption in sectors like automotive, construction, and healthcare.
Europe is expected to remain standing in the second place in the nonwoven fabrics market due to the increasing usage of these fabrics in automotive components in the Germany, Spain, the UK, and Italy.
Table of Contents
TABLE 1 MARKET SYNOPSIS 22
TABLE 2 LIST OF ASSUMPTIONS 25
TABLE 3 NONWOVEN FABRICS MARKET, BY TECHNOLOGY, 2016-2024 (USD MILLION) 47
TABLE 4 NONWOVEN FABRICS MARKET, BY TECHNOLOGY, 2016-2024 (KILO TONS) 48
TABLE 5 NONWOVEN FABRICS MARKET, BY TECHNOLOGY, 2016-2024 (KILO TONS) 48
TABLE 6 NONWOVEN FABRICS MARKET FOR DRY-LAID, BY REGION, 2016-2024 (USD MILLION) 49
TABLE 7 NONWOVEN FABRICS MARKET FOR DRY-LAID, BY REGION, 2016-2024 (KILO TONS) 49
TABLE 8 NONWOVEN FABRICS MARKET FOR WET-LAID, BY REGION, 2016-2024 (USD MILLION) 50
TABLE 9 NONWOVEN FABRICS MARKET FOR WET-LAID, BY REGION, 2016-2024 (KILO TONS) 50
TABLE 10 NONWOVEN FABRICS MARKET FOR SPUN MELT, BY REGION, 2016-2024 (USD MILLION) 51
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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