The global nonwoven fabric market is estimated to account for US$ 44,268.7 Mn by the end of 2018 and increasing at a CAGR of 7.0% during the forecast period (2018–2026), is projected to reach a market value of by US$ 76,043.2 Mn by 2026 end.
Albany, NY -- (SBWIRE) -- 07/13/2018 -- The global nonwoven fabric market is projected to grow at a robust CAGR of 7.0% from 2018 to 2026, recording a significantly impressive growth avenue. These insights are gleaned from a new report, titled "Global Nonwoven Fabric Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026," recently added to the holistic repository of Market Research Reports Search Engine (MRRSE).
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Nonwoven fabric utilized in high-tech applications is available only in particular locations across the globe. Subsequently, companies are looking for more and more sources to furnish the rising demands from various applications. Fabric of high quality is sought among both the consumers and suppliers. Moreover, use of advanced refining techniques has been practiced by manufacturers across several realms to enhance the product portfolio.
Performance Enhancement of Nonwoven Fabric to be the New Stride
Going forward, the nonwoven fabric market is looking forward to a considerable number of revolutionary innovations, which is poised to revolutionize the applications of nonwoven fabric across various industries. Evolving research on incorporating powders and particles into nonwoven fabric elevates the possibility of achieving performance efficiency, which is quite difficult to attain with the presence of only fiber. Researchers are directing continuous efforts towards the inclusion of powders and particles to upgrade the properties of fabric such as liquid and gas absorption, thermal resistance, VOC capture, and acoustic insulation.
The manufacturers are also focused to introduce chemical sensors to produce smart nonwoven fabric by using advanced methods. Incorporating active material in a nonwoven fabric is also emerging as a latest trend in the global market. The active materials in the non-woven fabric can be examined on the basis of humidity, temperature, chemical substances and ultraviolet radiation.
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Research Methodology of the Report
Obtained from an in-depth secondary research, the report encompasses critical market data including base number and segment splits. The data is further triangulated on the basis of various verticals by considering drivers and other market dynamics from both perspectives of supply as well as demand. The report also encloses various segments of the global nonwoven fabric market in terms of BPS (Basis Point Share) to analyze the alignment of different segments with growth of the market. This detailed and in-depth segmentation of the global market aids in identifying various prevalent trends governing the global nonwoven fabric market.
The report also analyses the global market of nonwoven fabric based on the absolute dollar opportunity. From a business standpoint, it is imperative to identify the absolute dollar opportunity of a market, which is important to trace the potential resources available in the global market. In addition to this, PMR has also included a framework of market attractiveness index to interpret the prime segments in terms of their performance and progress in the global nonwoven fabric market. The market attractiveness index helps the key market stakeholders to identify real market opportunities in the global market and invest in them.
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