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Spunbond Nonwovens Market Research, Trends Analysis, and Forecast Beyond 2032 || Asahi Kasei Corporation, Kimberly-Clark Corporation, Mogul Co. Ltd., Kuraray Co. Ltd
Spunbond Nonwovens Market
The Business Research Company's Spunbond Nonwovens Global Market Report 2023 identifies the rising production of automobiles is driving the spunbond nonwovens market going forward. Automobiles are self-propelled vehicles that are designed for transportation on roads. Spunbond nonwovens are widely used in car carpets and for temperature and sound insulation in automobiles as these nonwovens have high resistance and high tensile strength properties along with uniform fiber distribution, as a result, rising production of automobiles increases the demand for spun-bond nonwovens. For instance, in April 2022, according to the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile trade association, the world motor vehicle production volume reached 79.1 million units in 2021, which was an increase of 1.3% as compared to 2020.
The global spunbond nonwovens market size is expected to grow from $13.61 billion in 2022 to $14.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global spunbond nonwovens market size is expected to reach $19.07 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the spunbond nonwovens market are Asahi Kasei Corporation, Kimberly-Clark Corporation, Mogul Co. Ltd., Kuraray Co. Ltd., Johns Manville Corporation, Avgol Ltd., Berry Global Inc., Toray Industries Inc.
A key trend in the spunbond nonwovens market includes technological innovations. Major companies in the market are focused on incorporating innovative technologies to sustain their position in the market. For instance, in September 2020, ExxonMobil, a US-based oil and gas company, launched a new solution for producing soft and thick nonwoven products. Bi-component (BiCo) spunbond technology is used to process the novel solution, which is a mixture of Vistamaxx 7050BF performance polymer, ExxonMobil PP3155E5, and ExxonMobil PP3684HL. The uniqueness of the solution is that it helps in the production of nonwovens with lofty thickness, ultra-cushiony, cotton-like softness, and a silk-like smooth touch.
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The spunbond nonwovens market is segmented -
1) By Type: Disposable, Non-Disposable
2) By Material: Polypropylene, Polyethylene, Polyester, Other Materials
3) By Application: Crop Cover, Face Mask, Air Filters, Carry Bags, Posters And Banners, Others Applications
4) By End-User Industry: Agriculture, Medical, Personal Care And Hygiene, Automotive, Packaging, Other End-User Industries
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the spunbond nonwovens market.
The Business Research Company's "Global Spunbond Nonwovens Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Spunbond Nonwovens Market Include:
1. Executive Summary
2. Spunbond Nonwovens Market Characteristic
3. Spunbond Nonwovens Market Trends And Strategies
4. Spunbond Nonwovens Market - Macro Economic Scenario
5. Spunbond Nonwovens Market Size And Growth
……………
27. Spunbond Nonwovens Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Spunbond Nonwovens Market
29. Spunbond Nonwovens Market Future Outlook And Potential Analysis
30. Appendix
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