TMR study: global nonwovens market to grow at 6.7%/year rate through 2019, hitting $45 billion in revenues




ALBANY, NY, March 4, 2015-

A research report based on the global market for nonwoven materials and products, published by U.S.-based Transparency Market Research states that the market will grow at a modest CAGR of 6.7% between 2013 and 2019. The study, titled "Nonwoven Materials & Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", indicates that the market, which earned revenues worth US$28,783.8 million in 2012, will amass revenues worth US$45,363.7 million in 2019.


The report states that an increased global demand for nonwoven materials and products from the medical and healthcare industry is largely responsible for the steady growth of the market in the near future. However, according to a TMR analyst, "Issues regarding the volatility of these products and saturation of the market in developed countries could act as a restraining factor for the market. The report segments the global nonwoven materials and products market on the basis of key products, chief application areas, and key regional markets.


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