Non-Woven Fabric Market to Post Significant Value of USD 50 Billion at CAGR of 8.2% by 2022

“Non-woven Fabric Market”
Non-woven Fabric Market Information by material (Polypropylene, Polyesters, Nylon, Wood Pulp, and others) by technology (Spunlaid, Air Laid, Wet Laid, Carded and others) Application (Consumer goods, Healthcare, Construction, Industrial, and others) and Region – Forecast to 2022

Pune, India, January 10, 2018/MRFR Press Release/- Market Research Future published a Half Cooked Research Report on “Global Non-Woven Fabric Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Non-woven Fabric Market Size was valued at around USD 32 Billion in 2015 and is expected to cross USD 50 Billion at CAGR of 8.2% by 2022.

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. 

Industry/ Innovation/ Related News:

 June 2016- Toray Industries Inc. announced to increase the manufacturing capacity of their high performance polypropylene spunbond nonwoven fabric at its Seoul, South Korea based plant. Toray Advanced Materials Korea Inc. construct a plant with a production capacity of 18,000 tonnes per year and this plant is predicted to start operation in April 2018. With this expansion the company will able to meet the growing demand for non-woven fabric market.

April 2016– Mitsui Chemicals Inc. constructed a new high performance nonwoven plant at their Nagoya unit. The construction of this plant started in April 2016 and completed in November 2017. The plant is expected to start operation in March 2018. The plant has an annual capacity of 15,000 tons and aims to meet the growing need of premium diapers. With this capacity expansion, the company solidify its position in the high performance nonwoven market.

March 2016– Fitesa, a leading manufacturer of nonwoven fabrics announced to spend around USD 52 million at its existing operations in Simpsonville. The expansion expected to be completed by fourth quarter of 2017. With this expansion the company will able to meet the increasing demand for non-woven fabrics.

August 2016- Norafin Americas, a part of Germany based Norafin Group planned to locate their first U.S. plant in North Carolina. This project cost around USD 16 Million. This expansion will help company to support their existing customer base in North America and also provide a domestic platform to enable continued future growth.

July 2017– Fiberweb India Limited announced the completion of first phase of expansion program of melt blown line. The company predicted to start operation in August 2017. This strategic decision is estimated to strengthen the position of company in Asia Pacific non-woven fabric market players.

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Non-Woven Fabric Market – Overview

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 2015. In addition, growing construction activities in developed and developing countries is predicted to propel the market growth.

Geographically, Asia Pacific emerged as the largest market for non-woven fabric in 2016 and is estimated to retain its dominance over the estimated years owing to increasing demand from healthcare, construction, and industrial sector specifically in China, India, Japan, Vietnam, Malaysia, Thailand, Taiwan, and South Korea. Furthermore, economic growth in this region along with rapid industrialization has resulted in the raised production and sales of hygienically approved products, which is likely to increase the demand for non-woven fabric in the upcoming years. Furthermore, huge investment by major operating players in their Research & Development activities and shifting of non-woven fabric manufacturing facilities as well as significantly increasing end use industries in this region is predicted to drive the non-woven fabric regional market growth. North American market is estimated to witness steady growth on account of increasing demand from healthcare and industrial sector. In North America, U.S. and Canada are among the major contributor in the regional market growth due to strong growth of consumer goods and construction sector. Europe is expected to witness significant growth on account of increasing awareness regarding personal hygiene as well as rising consumption of non-woven products. Emerging countries of the Middle East & Africa and Latin America such as Turkey, the United Arab Emirates, Brazil, and Mexico are expected to witness above average growth due to increasing per capita disposable income along with strong consumer base for healthcare industry.

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.

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