Overview:
Market Research Future (MRFR) predicts that the global nonwoven fabrics market is anticipated to touch a size of USD 69,186.9 million by 2023. It previously stood at USD 47,257.2 million in 2018. It can expand at 7.92% CAGR from 2018 to 2023 (forecast period).
The market growth is on an upswing due to massive demand for these fabrics in the healthcare sector. Benefits of nonwovens such as porosity and sterilization capacity are likely to induce high demand from the medical industry. The manufacture of absorbable implants and rise in surgical procedures are predicted to bolster the nonwoven fabrics market growth.
Eco-friendly fabrics are expected to induce demand in the market. This can be credited to steps taken by various agencies to curb emission levels. In addition, the recyclable nature of these fabrics is predicted to augment market growth. The burgeoning construction and automotive sectors can induce high demand from the nonwoven fabrics market. Construction of commercial and residential spaces in Asia Pacific can facilitate market growth.
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Industry Opportunity
Nonwoven spacer fabrics are substrates which are joined or separated by spacer yarns. The fabrics find application in the treatment of pancreatic ductal adenocarcinoma. They are used in displacing normal tissues from the affected cancerous site to provide a path for effective high-dose radiation.
Moreover, applications in geotextiles and agriculture provide abundant opportunities of growth to the nonwoven fabrics market. Rapid urbanization has created the need for methods to improve productivity. Nonwoven fabrics can be used in crop covers, weed control fabrics, biodegradable plants, and others. They can play their part in eliminating weeds and pests which can prove to be a threat to plants.
Competitive Analysis:
Noteworthy players profiled in the nonwoven fabrics market include Asahi Kasei Corporation (Japan), Johns Manville (U.S.), Umazomo Nonwovens (Pty) Ltd. (South Africa), TWE GmbH & Co. KG (Germany), DowDuPont (U.S.), Berry Global Inc. (U.S.), Fitesa (Brazil), Fiberwebindia Ltd. (India), Avgol Ltd. (Israel), Suominen Corporation (U.S.), Toray Industries, Inc. (Japan), KCWW (U.S.), Ahlstrom-Munksjo (Finland), Freudenberg & Co. KG (Germany), and Glatfelter (U.S.).
Segmentation Analysis:
By technology, the global nonwoven fabrics market is segmented into dry-laid, wet-laid, and spun melt. The dry-laid segment accounted for the largest market share thanks to its superior tensile strength and numerous applications in textile, hygiene, and medical. Spun melt technology can command a high market demand thanks to its demand in manufacturing bedding, roofing, surgical gowns, and geotextile fabrics.
By material, the nonwoven fabrics market is segmented into rayon, polyethylene, polyethylene terephthalate, polypropylene, wood pulp, bi-component, and others. Polypropylene had the largest market share owing to being primarily used in the healthcare sector. Furthermore, its natural decomposable nature which causes negligible effect on the environment can be credited to its dominance in the market. Polyethylene terephthalate, on the other hand, is used in producing fillings, geotextiles, and needle-punched fabrics.
By function, the market is segmented into disposable and durable. Disposable fabrics can grow at an accelerated pace owing to demand in personal care, hygiene, and medical sectors. This can be attributed to concerns for health and hygiene. Durable fabrics can retain a respectable share of the nonwoven fabrics market owing to application in automotive and geotextiles. Its long shelf life and durability are other factors which can drive segment growth.
By application, the market is segmented into automotive, construction, upholstery, filtration, hygiene & medical, and others. Hygiene & medical accounted for a large market share owing to the use of nonwoven fabrics in producing baby diapers, napkins, and tissues. Affordability of these products combined with high disposable income levels of consumers can drive the segment growth.
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Regional Analysis:
Geographic segmentation of the global nonwoven fabrics market comprises North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC nonwoven fabrics market is projected to grow at a rapid clip owing to high demand in automotive, construction, and healthcare sectors. Urbanization and industrialization in Malaysia, Thailand, Indonesia, and India and the rise in infrastructural projects can drive market growth. Inclination towards personal hygiene and improved disposable income levels of consumers are factors projected to fuel the market.
The Europe region is projected to accrue massive market demand owing to regulations outlining the need for components to minimize carbon emission levels. The heightened production of vehicles in the region coupled with the need for biodegradable products can drive market growth.
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