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Nonwoven Fabric Market to Reach an Estimated Value of US$ 66,800 Million by 2024
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Companies are also producing a nonwoven fabric with various properties including soft, harsh, strong, and extremely weak. These properties of a nonwoven fabric are leading to its increased demand in a wide range of products. New devices are also being launched to simplify each and every process from molding, spinning, elongation, to process of separating elongated filament.
The companies are also focusing on introducing chemical sensors to produce smart nonwoven fabric using advanced methods. Incorporating active material in a nonwoven fabric. The active materials in the non-woven fabric can be evaluated on the basis of humidity, temperature, chemical substances and ultraviolet radiation.
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Manufacturers of nonwoven fabrics are using a percentage of recycled fabrics and oil-based materials to produce nonwoven fabrics. Hence, the nonwoven fabric is considered to be eco-friendly and witnessing increasing use in industries where single-use or disposable products are produced. Using nonwoven fabric, manufacturers are also developing various hygiene products.
However, the use and price of raw material for nonwoven is also the concern among manufacturers. Hence, various countries are focusing on reducing the price of fibers and polymers used to make a nonwoven fabric.
The report by Persistence Market Research (PMR) anticipates the global market for nonwoven fabric to see a strong growth during the forecast period 2017-2024. The global nonwoven fabric market is estimated to exceed US$ 66,800 Million in terms of revenue by the end of the forecast period 2024.
Spunlaid Technology to Gain Maximum Traction in the Global Market for Nonwoven Fabric
Based on the technology, the global nonwoven fabric market is expected to witness substantial growth in the spunlaid technology. By 2024 end, spunlaid technology is projected to bring in nearly US$ 32,800 Million revenue.
On the basis of material type, polypropylene is likely to be the highly preferred material type during 2017-2024. Polypropylene as a material for nonwoven fabric is projected to surpass US$ 49,500 Million revenue towards 2024 end. Meanwhile, polyester is also anticipated to see an impressive growth between 2017 and 2024.
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In terms of the application, the nonwoven fabric is expected to find the largest application in personal care products. Towards 2024 end, the use of nonwoven fabric in personal care is expected to bring in more than US$ 25,000 Million revenue.
Asia Pacific to Dominate the Global Nonwoven Fabric Market
Geographically, Asia Pacific is expected to lead the global market for nonwoven fabric during 2017-2024. By the end of 2024, Asia Pacific is estimated to surpass US$ 31,600 Million revenue. Improvement in standards on prevention of infections in Asia Pacific region is driving the use of nonwoven fabric materials and products.
Increasing use of nonwoven fabric in producing face mask, surgical drapes, and beddings is driving the growth of the market in the region. Companies are also shifting their manufacturing units of the nonwoven fabric to various countries in Asia Pacific due to the availability of low-cost labor and raw material. Along with this, companies are focusing on producing consumer-specific products and basis weight reduction.
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Major Companies in the Global Market for Nonwoven Fabric
Major companies operating in the global nonwoven fabric market include Avintiv, Inc., Ahlstrom-Munksjö, Freudenberg SE, Kimberly-Clark Corporation, P.H. Glatfelter Company, Asahi Kasei Corporation, and Toray Industries, Inc.
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