Market Research Future Published Study Research Report on “Non-woven Fabric Market Research Report – Global Forecast to 2023
Non-Woven Fabric Market Overview:
The global nonwoven fabrics market was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR of 7.92% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the nonwoven fabrics market was further stated to surpass its previous to reach an estimated figure of USD 69,186.9 million by 2023.
Non-Woven Fabric are predominantly utilized in numerous end use industries such as healthcare, consumer goods, consumer, industrial, and others. Non-Woven Fabric market is estimated to witness healthy growth on account of rising construction activities and continuous growth of healthcare sector across the globe. Among technology segment, spunlaid technology emerged as the leading technology segment and accounted for more than half of the total market share in 2018. In addition, growing construction activities in developed and developing countries is predicted to propel the market growth.
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Non-Woven Fabric Market Competitive Landscape:
The Non-Woven Fabric report has analysed the level of competition among the key operating players as well as sector growth and market scenario. The global non-woven fabric market comprises of various manufacturers operating in the market which comprised of large scale and medium size manufacturers. Some of the prominent market players operating in the global non-woven fabric industry has shifted their focus towards growth association specifically by Asia Pacific as medium scale and small scale manufacturers are from this region specifically from China, South Korea, India, Indonesia, Thailand, Taiwan, Malaysia, and Japan.
In addition, the key operating players are focusing on extending their product portfolio by strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the companies are escalating their manufacturing capacity of non-woven fabric to meet the increasing demand for non-woven fabric. Moreover, some of the manufacturers has launched a series of product to solidify their position in the market.
Non-Woven Fabric Market Key Players:
E.I. du Pont De Nemours and Company, Kimberly-Clarke Corporation, Polymer Group Incorporation, Chevron Corporation, Avintiv Inc., Ahlstrom Corporation, Freudenberg & Co. KG, Avgol Ltd and Pegas Nonwovens S.R.O. among others are some of the prominent players at the forefront of competition in the Global Non-Woven Fabric Market and are profiled in MRFR Analysis.
Non-Woven Fabric Market Segments Analysis:
The global nonwoven fabrics market has been segmented in terms of material, technology, application, and function.
By technology, the market segments into Spun Melt, Dry-laid, and Wet-laid. The dry-laid segment leads the global market with 53% of the share to its name back in 2017. The segment is expected to garner a CAGR of 7.25% over the forecast period. Furthermore, the segment is anticipated to reach a figure of USD 35,104.4 million by the end of 2023. On the other hand, the spun-melt segment is expected to grow at a higher CAGR of 8.72% over the forecast period. This is due to the segment’s increasing application in personal care, roofing, and upholstery.
By material, the market includes Polypropylene, Polyethylene, Wood Pulp, Bi-component, Rayon, Polyethylene Terephthalate, and others. The polypropylene segment led the global market back in 2017 and is expected to grow at an annual pace of 8.47% during the forecast period and reach a valuation of USD 38,739.7 million by 2023. However, the polyethylene terephthalate is expected to grow with the fastest pace due to its functional versatility, durability, and high strength.
By function, the market divides into durable and disposable functioning. The durable segment was valued at USD 27,135.7 million back in 2017 to lead the market. However, the disposable functioning segment is anticipated to move at a rapid pace due to its increasing applications in diapers, baby wipes, and surgical products. The segment is primed to reach a valuation of USD 27,407.2 million by 2023.
Non-Woven Fabric Market Table Of Contents to be Continue……,
Browse key industry insights spread across 132 pages with 58 market data tables & 15 figures & charts from the report, “Non-Woven Fabrics Market Information: by Material (PP, PE, PET, Bio-Composites), Technology (Dry-Laid, Spunmelt), Function (Disposable, Non-Disposable), Application (Personal Care & Hygiene, Construction, Automotive) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/non-woven-fabric-market-1762
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