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Nonwovens market to see $47.7 billion by 2020

February 4th, 2016 / By: / Industry News

The non-woven fabrics and textiles market is expected to be valued at $47.7 billion by 2020, up from a $32.7 billion market value in 2015, according to a report released by market analysts in India.

The report—“Nonwoven Fabrics/Textiles Market by Technology (Spunmelt, Wet Laid, Dry Laid, Others), Material (PP, PET, PE, Rayon, Wood Pulp, Others) Function (Disposable, Non-Disposable), End-Use (Hygiene, Wipes, Construction, Upholstery, Filtration) – Forecast to 2020’’—was published by MarketsandMarkets based in Pune, India.

Among other findings, the report says:

  • Growth in nonwovens is due to the increasing technological advancements leading to new product developments and increasing awareness among consumers and their pace of adopting the products. Growing hygiene and medical industries also provide opportunities for further market growth, especially in the emerging Asia-Pacific and Latin American regions. However, the report cautions, volatile raw material prices and the gap in the management of the supply chain might affect the price of end products and can also act as a restraint to the growth of the market for nonwoven fabrics.
  • Polypropylene (PP), the raw material used in the manufacture of nonwovens, and which is extremely versatile as a fiber-forming material, is also expected to gain traction during the forecast period. PPs can be softened sufficiently to bond with other fibers, reducing the need for chemical binding. Because of superior characteristics, performance and low cost compared to other synthetic fibers, PP fibers dominate the nonwoven market. Fabrics made from PP are used for manufacturing hygiene products such as baby diapers.
  • The Asia-Pacific region is expected to play a key role in the market for nonwoves primarily because of emerging economies in China and India, coupled with growing awareness among the consumers about the benefits of using nonwoven products.

The report covers detailed information on major factors influencing the growth of the market for nonwovens such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products and services, key strategies, new product and technology launches, mergers and acquisitions, partnerships, agreement, joint ventures and recent developments associated with the market for nonwoven fabrics. The complete report is available from MarketsandMarkets.