Study: global spunbond market to grow by 7.6%/year through 2023




DUBLIN, Ireland, March 7, 2019-

The spunbond nonwovens market is estimated to be valued at USD 12.7 billion in 2018 and is projected to reach USD 18.3 billion by 2023, at a CAGR of 7.6% from 2018 to 2023. A growing preference for spunbond nonwovens in comparison to other nonwovens, growing use of spunbond nonwoven fabrics in the medical sector, and high demand for polypropylene spunbond nonwovens are the key factors driving the growth of this market. The high cost of finished products affects the pricing structure of the intermediary industry and stagnant growth in the baby diaper segment in matured markets acts as a key restraint to the growth of the spunbond nonwovens market.

The disposable segment accounted for the larger share of the spunbond nonwovens market in 2018. This large share is mainly attributed to the material being cost-effective and the key functional properties which make it a preferred material, especially for products which have limited use, such as adult incontinence products, baby diapers, and sanitary pads. Extensive R&D is being carried out to increase the bio-degradability of disposable spunbonded nonwoven products. Polylactic acid spunbonded nonwovens have gathered attention as they are known to be biodegradable and biocompatible. Fitesa is among the leading producers for polylactic acid spunbonded nonwovens.

Polypropylene is the largest material type segment in the spunbond nonwovens market. Polypropylene is cheaper in comparison to other raw materials, which makes it a preferred material, especially for disposable products such as baby diapers, adult incontinence products, and sanitary pads. One of the major advantages of using polypropylene is its affordability and yield. They have a low specific gravity and highest versatility amongst other available raw materials.

Asia Pacific is expected to lead the global spunbond nonwovens market during the forecast period. The growth of the Asia Pacific spunbond nonwovens market is mainly driven by rising disposable incomes and the growing consumption of disposable products. The spunbond nonwovens market in the Asia Pacific region is expected to grow at the highest CAGR from 2018 to 2023. This growth is primarily attributed to the high demand for spunbond nonwovens from countries such as China, Japan, India, and South Korea.

For more information please click on:
https://www.researchandmarkets.com/publication/mndoeqv/4755964

Companies Mentioned:

- Advance Nonwoven Vietnam Co, Ltd
- Ahlstrom-Munksjö Oyj
- Alpha Foam Ltd
- Asahi Kasei
- Avgol Nonwovens
- Bayteks Tekstil San Ve Tic AS
- Berry Global Group, Inc
- CHTC Jiahua Nonwovens (HTJH)
- Dowdupont
- Fiberweb (India) Ltd
- Fitesa SA
- Gülsan Holding
- Hydroweb GmbH
- Johns Manville Corporation
- Kimberly-Clark Corporation
- Kolon Industries, Inc
- KT Exports (India) Pvt Ltd
- Kuraray Co, Ltd
- Mada Nonwovens
- Mitsui Chemicals, Inc
- Mogul
- PF Nonwovens Group
- Radici Group
- SAAF
- Schouw & Co
- SGN
- Sidwin Fabric Pvt Ltd
- Sunshine Nonwoven Fabric Co, Ltd
- Thrace Nonwovens & Geosynthetics SA
- Toray Industries, Inc
- Ultra Nonwoven
- Umzamo Nonwovens (Pty) Ltd
- Unitika Ltd

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