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Global Nonwoven Fabrics Market 2015 to Grow at a CAGR of 7.5% by 2022

According to a new market report published by Market Research Store titled “Nonwoven Fabrics Market - Global Trends, Forecast, and Opportunity Assessment (2014-2022)."

 

Deerfield Beach, FL -- (SBWIRE) -- 11/25/2015 -- Nonwoven Fabrics Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

The Global Nonwoven Fabrics market accounted for $27.3 billion in 2014 and is expected to grow at a CAGR of 7.5% to reach $48.63 billion by 2022. Factors such as increasing demand for personal hygiene products and growing population are expected to fuel the market growth. Moreover, increasing birth rate and ageing population augmented the demand of sanitation products such as infant diapers, and sanitary napkins which in turn is likely to fuel the demand for nonwoven fabrics. Volatile raw material prices and stringent government regulation norms imposed on manufacturers are the major challenges for the market growth. Increased usage in construction industry is a major market trend. For applications such as house wraps and roofing materials Non-woven fabrics are extensively used in the Construction industry. Due to economic growth and growing populations the infrastructural and construction spending is projected to be high in the developing nations.

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Propylene nonwoven fabrics segment commanded the largest share accounting for more than 60% of the market in 2014. Industry participants broadly use propylene nonwoven fabrics due to its availability in variety of grades and properties. Polyester is estimated to witness steady growth rate owing to growing penetration in applications such as automotive, agriculture and medical equipments. Spun laid nonwoven technology emerged as a major technology segment accounting for nearly 50% of the market volume in 2014 due to increasing usage in hygiene and medical applications. Meltdown technology is anticipated to witness steady growth rate due to increasing applications in automotive parts. Market is dominated by durable applications due to increasing construction spending in promising markets such as Brazil, China and India which led to demand for geotextiles in roads and buildings.

Asia Pacific commanded the global market accounting for more than 40%. Demand for nonwoven fabrics in hygiene applications is driven by growing birthrate in China, India and rising income levels. Rapid industrialization and increasing population in China and India have resulted in demand for superior infrastructure which led to increased construction spending. North America and Eastern Europe are mature markets and are expected to be at moderate growth rates during the forecast period. Growth of construction and automotive industry especially in BRIC nations is estimated to spur the market growth in durable applications.

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The key players in the Nonwoven Fabrics market include Ahlstrom, Mitsui Chemicals, Polymer Group, Action Non-wovens, DuPont, Fibertex, Kingsafe Group, Freudenberg, Kimberly-Clark Corp, and Glatfelter.

Types Covered:
- Spunbond
- Staple
- Meltblown
- Composite

Technologies of Nonwoven fabrics Covered:
- Spunlaid
- Carded
- Air Laid
- Wet Laid

Products Covered:
- Propylene
- Polyester
- Nylon
- Others

Applications Covered:
- Durable Applications
- Disposable Applications

Regions Covered:
- North America
o US
o Canada
- Europe
o Germany
o France
o Italy
o UK
o Spain
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia
- Rest of the World
o Latin America
o Middle East
o Africa
o Others

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements