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Spunbond Nonwovens Market to Reach $17,651.9 Million by 2023 Top Key Players Are Pegas Nonwovens, Mitsui Chemicals Group, Toray Industries, Inc., Johns Manville, Asahi Kasei Plastics North America, Inc., DowDuPont And Others

02-20-2019 09:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Spunbond Nonwovens Market to Reach $17,651.9 Million by 2023 Top

The spunbond nonwovens market is projected to reach $17,651.9 million by 2023. The market growth is mainly driven by the rising demand for these fabrics for the manufacturing of hygiene and personal care products, such as diapers, wipes, sanitary napkins, underpads, and personal wipes.

Spunbond nonwoven is a fabric made by bonding staple fibers and long fibers together. In the spunbond manufacturing process, fibers are spun and dispersed into a web using deflectors, which form a continuous fabric known as spunbond nonwoven.

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polypropylene has been contributing the largest share to the spunbond nonwovens market, owing to its relatively low cost and high strength as compared to other material types. Some of the major products manufactured using polypropylene are baby, female, and adult hygiene diapers; drapes; bags; surgical disposables; and wipes. Medical is expected to be the fastest-growing application area in the spunbond nonwovens market in the coming years. The growing penetration of healthcare services and rising healthcare expenditure are boosting the demand for these fabrics in the medical industry.

Globally, APAC has been leading the spunbond nonwovens market in terms of value and is estimated to hold more than 40.0% share in the market in 2017. China, India, and Japan are among the world’s most populated countries and generate high demand for the fabric for the manufacturing of personal hygiene products. Also, rapid industrialization in these countries is expected to boost the consumption of the fabric in automotive, building and construction, and packaging industries. Besides, growing population and expanding industrial base are expected to contribute to the growth of the market in APAC.

Hygiene and personal care facilitate protection from germs, restrict the spread of diseases, and is the dominant application area in the spunbond nonwovens market. With growing per capita income and increasing awareness on personal hygiene, the sale of products such as toddler training pants, feminine hygiene pads, and adult incontinence diapers is witnessing a steady rise.

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Countries like China, India, Nigeria, Indonesia, Poland, and Malaysia have witnessed rapid economic transformation in the past few decades. Majority of these nations have a high population growth rate along with improved standard of living. These factors make these developing countries suitable markets for personal care and hygiene, and medical products. Besides, these countries have fast-growing construction and automotive industries, which are major end users of spunbond nonwovens. Hence, developing countries with a high economic growth rate are expected to contribute to the spunbond nonwovens market growth.

Some of the major players operating in the global spunbond nonwovens market are PEGAS NONWOVENS SA, Mitsui Chemicals Inc., Kimberly-Clark Corporation, Berry Global Inc., Toray Industries Inc., Schouw & Co., Johns Manville Corporation, Asahi Kasei Corporation, Radici Partecipazioni SpA, and DowDuPont Inc.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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