Press release
PP (Polypropylene) Nonwoven Fabrics Market forecast on regional growth, industry players
Worldwide PP (Polypropylene) Nonwoven Fabrics Market having had a revenue of USD 18 billion in 2015, will collect a revenue of USD 40.2 billion by 2024 with an estimated consumption of 13 million tons.Speaking along similar lines, U.S. PP nonwoven fabrics industry will surpass a revenue collection of USD 7.5 billion by 2024. Escalating use of the product for various applications such as automotive, construction, and geotextiles will augment the industry growth. In addition to this, consumers across this region are giving preference to hygienic products, which will stimulate product demand notably.
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The ever-rising elderly population is another prominent factor boosting PP nonwoven fabrics market size. Taking into account the product strength and durability, staples have been gaining popularity across the sectors such as automotive, geotextile, and construction. PP nonwoven fabrics market share from staples will register a CAGR of more than 7% over the period of 2016 to 2024.
Increasing spending capability along with shifting trends toward the adoption of hygienic products such as baby diapers and wipes will propel China PP nonwoven fabrics market, which will surpass a revenue collection of USD 6 billion by 2024. The noteworthy participants in PP nonwoven fabrics market are AVGOL, Kimberly-Clark, Polymer Group, Fibertex Nonwovens, Mitsui & Co., Toray, First Quality, SABIC, and PEGAS.
The industry players across the regions such as Europe, U.S. and China are investing heavily into healthcare sector to manufacture the products such as gowns, drapes, bed linen, masks, surgical caps, under pads, ostomy liners, gloves, incubator mattress, and shrouds. Such a widespread range of product usage will influence the medical application segment, which will generate a volume of more than 2 million tons by 2024.
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Spunbonded products dominated the product segment of PP nonwoven fabrics market in 2015 by accounting for 50% of the market share and will collect a revenue of more than USD 19 billion by 2024. Spunbonded based products are cost effective due to the simple and economical manufacturing process as compared to other products. The product finds applications across various sectors such as automotive, furnishing, and medical.
U.S. PP nonwoven fabrics market size should be worth above 7.5 billion at the end of 2024. Increasing product demand in durable applications which includes construction, geotextiles and automotive should boost product demand. Rising ageing population and increasing hygiene products importance should fuel regional industry.
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China Polypropylene nonwoven fabrics industry demand should surpass USD 6 billion by 2024. Rising disposable income has driven the usage hygiene products which includes sanitary wipes and baby diapers should favor regional industry growth. Many companies have plans to expand business mainly in China which includes PGI Suzhou, Toray Nantong and Hubei Gold (AVGOL).
Germany market consumption is forecast to exceed 650 kilo tons by 2024. Capacity expansion in Europe is mainly concentrated by hygiene product segment. European market players are focusing on upgrading technologies for complying regulatory directives, which may further escalate industry growth.
Some of the companies in poplypropylene nonwoven fabrics market include First Quality, Kimberly Clark, AVGOI, Fibetex, Toray, Mitsui, SABIC, Fitesa, ExxonMobil, and PEGAS.
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